What is Butadiene Rubber Market Scope?
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 Butadiene Rubber market study is being classified 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.
Analysts at AMA predicts that Vendors from Global will contribute to the maximum growth of Global Butadiene Rubber market throughout the predicted period.
LANXESS (Germany), Sinopec (China), Kumho Petrochemical (South Korea), TSRC Corporation (Taiwan), JSR Corporation (Japan), Kuraray Co., Ltd (Japan), LG Chem (South Korea), SIBUR Holding (Russia), ZEON Corporation (Japan) and Versalis S.p.A. (Italy) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are PTT Global Chemical (Thailand), OMNOVA Solutions Inc. (United States)., Goodyear Chemical (United States), CNPC (China), Trinseo (United States), Bangkok Synthetics (Thailand), First Rubber Company Limited (India) and Asahi Kasei Chemicals Corp (Japan).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Butadiene Rubber market by Type, Application and Region.
On the basis of geography, the market of Butadiene Rubber has been segmented into 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).
Market Influencers and their development strategies
March 2018: Kuraray Co., Ltd, PTT Global Chemical, and Sumitomo Corp. have signed an agreement to establish a joint venture company focused on the progression of a feasibility study for the manufacturing and sales of butadiene derivatives in Thailand.
Influencing Market Trend
- Rising Demand for Bio-Based Feedstock
- Increasing Acceptance of Green Tires Made Using Nd-BR
Market Drivers
- Rapidly Increasing Automotive Production World Widely
- Growth of Tire Industry Globally
Opportunities
- Growing Demand in Asia-Pacific for Automotive Industries
- Maintainable Raw Material Supply in Forthcoming Non-Integrated Plants in China
Restraints
- Maturity of the Butadiene Rubber Products
- Unpredictability in Raw Material Prices for Butadiene rubber
Challenges
- Lack of Awareness Regarding Usage of Butadiene Rubber in Emerging Nations
Key Target Audience
Butadiene Rubber Manufacturing Companies, Butadiene Rubber Traders, Distributors, and Retailers, Raw Material Suppliers, Commercial R&D Institutes, Research Institutes, Trade Associations, and Government Agencies and Others
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.