Industry Background:
Polybutadiene is a synthetic rubber that will remain to be a high volume rubber for use in tires, golf balls and toughened plastics due to its availability, unique properties, and low cost. As new markets develop, there will be a need to develop new, higher performance grades of polybutadiene using both the Ziegler systems and alkyl lithium. Increasing the rubber industry in developed and developing economies is anticipated by the growth of the polybutadiene market in the forecast period.
According to AMA Research, the market for Polybutadiene is expected to register a CAGR of 4.2% during the forecast period to 2027. This growth is primarily driven by Increased Demand for Polybutadiene in Polymer Modification Application
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Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | Tonne |
Value Unit | USD (Million) |
Key Companies in Study | LG Chemical (South Korea), Shell (Netherlands), BASF SE (Germany), Synthos Group (Poland), Ineos (United Kingdom), Lanxess (Germany), Braskem (Brazil), Exxon Mobil Corporation (United States), Evonik (Germany) and Versalis S.p.A. (Italy) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Tires & Rubber sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as LG Chemical (South Korea), Shell (Netherlands), BASF SE (Germany), Synthos Group (Poland), Ineos (United Kingdom), Lanxess (Germany), Braskem (Brazil), Exxon Mobil Corporation (United States), Evonik (Germany) and Versalis S.p.A. (Italy) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On August 24, 2021 - LANXESS is taking another big step on its growth course: the specialty chemicals company intends to take over the microbial control business of the U.S. group International Flavors & Fragrances Inc. (IFF). Both companies signed a corresponding agreement on August 23, 2021., August 03, 2021 - Specialty chemicals company LANXESS completed the second-largest acquisition in its history on August 3 with the takeover of Emerald Kalama Chemical. and On June 13, 2019, ExxonMobil and SABIC have announced the decision to proceed with the construction of a chemical facility and a 1.8 million metric ton ethane steam cracker in San Patricio County, Texas.
On August 11, 2021 - Braskem provides the market with a new product option that is part of the Rigeo family portfolio: HD1954M, a high-density polyethylene (HDPE) that delivers a combination of high rigidity, excellent impact strength as well as to Environmental Stress Cracking (ESCR), rendering packaging optimization and productivity gains.The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Market Drivers
- Increased Demand for Polybutadiene in Polymer Modification Application
- Growing Vehicles Demand in Developing and Developed Nations
Market Trend
- Rising use of Polymerisation for Industrial Production
Restraints
- Butadiene Emissions form the Production of Polybutadiene and it is Hazardous Air Pollutant
Opportunities
Increasing Demand from Chemical and Rubber Industry
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Polybutadiene Study Sheds Light on
The Polybutadiene Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Polybutadiene industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Polybutadiene industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.