The global polybutadiene market is expected
to reach USD 5.83 billion by 2025, according to a new report by Grand View
Research, Inc. The rising demand for synthetic rubber in automobile tire
manufacture is expected to boost market growth for polybutadiene.
The high demand for polybutadiene
can be attributed to properties such as abrasion resistance, high resilience
and cut growth resistance. It is used in combination with other rubbers for the
manufacture of tires, industrial products, and consumer products. Tire manufacturing
is the major application segment in the market. Manufacturers are also
exploring downstream potential as the price of polybutadiene in these
applications is more stable.
The demand is high in Asia
Pacific owing to the presence of a robust application industry. The presence of
companies such as JSR Corporation and Reliance Industries Ltd. is driving
market growth in this region.
Browse full research report on Deep Learning Market: http://www.grandviewresearch.com/industry-analysis/polybutadiene-market
Further key findings from the report suggest:
- High cis derivative is expected to be the fastest
growing product segment registering a CAGR of 4.7% from 2017 to 2025 owing
to increased demand from tire manufacturing industry
- Polymer modification application is projected to grow
at a CAGR of 4.1% from 2017 to 2025 due to increased demand for modified
polymers and golf balls
- North America accounted for 22.4% of the
polybutadiene market in 2016 courtesy presence of major tire manufacturers
including Goodyear, Cooper Tires and Pro-line
- The demand in Middle East & Africa is expected to
witness below average growth rates on account of price volatility as a
result of reduced crude oil production
- Manufacturers have now switched from nickel-butadiene
rubber facility to neodymium-rubber facility due to increased demand for
high cis derivatives used in the manufacture of high performance tires
- In 2014, Trinseo converted its Nickel Butadiene
Rubber (Ni-BR) production facility in Schkopau, Germany, to Neodymium
Butadiene Rubber (Nd-BR)
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the global polybutadiene
market on the basis of product, application, and region:
Product Outlook (Volume, Kilo Tons; Revenue, USD Million,
2014 - 2025)
- High
cis polybutadiene
- Low
cis polybutadiene
- High
trans polybutadiene
- High
vinyl polybutadiene
Application Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2025)
- Tire
Manufacturing
- Polymer
Modification
- Industrial
Rubber Manufacturing
Regional Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- UK
- Asia
Pacific
- China
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-polybutadiene-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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