AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Butadiene Rubber market - Global outlook to 2026". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Butadiene Rubber market to grow at a CAGR of %.
The End-User Industry, such as Plastic and Polymer, is boosting the Butadiene Rubber market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Butadiene Rubber market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Rapidly Increasing Automotive Production World Widely and Growth of Tire Industry Globally.
Butadiene rubber is also known as synthetic rubber that is widely used in tire treads for trucks and automobiles. These rubber consists of polybutadiene, an elastomer (elastic polymer) which is built up by chemically connecting multiple molecules of butadiene to form huge molecules or polymers. These polymers are noted for their high resistance to abrasion, low heat buildup, and resistance to cracking. Butadiene Rubber is mostly used in automotive industries as tiers. Due to tremendously increase in the automotive industry in China, which is majorly focusing on increasing the production and sale of electric vehicles in the country will drive the market for Butadiene rubber in forecasting years.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Butadiene Rubber market by Type (Emulsion SBR (Styrene Butadiene Rubber) and Solution SBR (Styrene Butadiene Rubber)), by Application (Footwear, Automotive, Polymer Modification, Adhesives and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market