The Global Polybutadiene Rubber Market is valued at approximately USD 4.99 billion in 2023 and is anticipated to expand with a steady CAGR of 4.24% over the forecast period 2024-2032Polybutadiene rubber, a high-performance elastomer, is a critical component in various industrial applications due to its superior properties such as high wear resistance, flexibility, and resilience. Widely used in tire manufacturing, it enhances performance by improving abrasion resistance and reducing heat generation. The material's versatility extends to automotive components, belts, hoses, and even footwear production, positioning it as an essential material across industries.
The burgeoning automotive industry, coupled with the escalating demand for durable, lightweight materials, significantly drives the market growth for polybutadiene rubber. With stringent regulations urging automakers to enhance fuel efficiency, the material's low rolling resistance makes it an ideal choice for tire manufacturing. However, market expansion is not without challenges; fluctuating raw material costs and environmental concerns linked to synthetic rubber production could act as potential impediments.
Innovative advancements in production processes, such as solution and emulsion polymerization, are paving the way for more efficient and environmentally friendly manufacturing methods. Furthermore, the rise of sustainable practices in the rubber industry, including the development of bio-based alternatives, creates opportunities for forward-looking market players. Its adaptability to high-performance applications, such as in industrial and construction sectors, continues to underpin its demand globally.
Regionally, Asia Pacific dominates the polybutadiene rubber market, driven by robust growth in the automotive sector, particularly in emerging economies like China and India. North America and Europe follow suit, leveraging advanced manufacturing technologies and rising environmental consciousness. Meanwhile, Latin America and the Middle East & Africa present untapped potential, with increasing infrastructure development and industrialization contributing to growth.
Major market players included in this report are:
- LANXESS AG
- JSR Corporation
- LG Chem Ltd.
- Asahi Kasei Corporation
- Kumho Petrochemical Co., Ltd.
- Sinopec Corporation
- Goodyear Tire and Rubber Company
- Evonik Industries AG
- Versalis S.p.A.
- Reliance Industries Limited
- UBE Industries, Ltd.
- SABIC
- Synthos S.A.
- Taiwan Synthetic Rubber Corporation (TSRC)
- Trinseo S.A.
The detailed segments and sub-segments of the market are explained below:
By Type:
- Cis-Polybutadiene Rubber
- Trans-Polybutadiene Rubber
By Application:
- Tires
- Belts and Hoses
- Automotive Components
- Footwear
- Others
By End-Use Industry:
- Automotive
- Construction
- Industrial
- Consumer
By Production Process:
- Solution Polymerization
- Emulsion Polymerization
By Grade:
- High-Cis
- Medium-Cis
- Trans
By Region:
North America:
Europe:
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
Asia Pacific:
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
Latin America:
Middle East & Africa:
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional-level analysis for each market segment.
- Detailed analysis of geographical landscape with country-level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approaches.
- Analysis of competitive structure of the market.
- Demand-side and supply-side analysis of the market.
Table of Contents
Chapter 1. Global Polybutadiene Rubber Market Executive Summary
- 1.1. Global Polybutadiene Rubber Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Product
- 1.3.3. By End Use Industry
- 1.3.4. By Production Process
- 1.3.5. By Grade
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Polybutadiene Rubber Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Polybutadiene Rubber Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Rising Demand in Automotive Sector
- 3.1.2. Advancements in Production Processes
- 3.1.3. Growing Adoption in Electrical & Electronics
- 3.2. Market Challenges
- 3.2.1. Fluctuating Raw Material Costs
- 3.2.2. Environmental Concerns Linked to Synthetic Rubber Production
- 3.3. Market Opportunities
- 3.3.1. Sustainable Practices and Bio-based Alternatives
- 3.3.2. Emerging Applications in Industrial and Construction Sectors
- 3.3.3. Untapped Potential in Latin America and Middle East & Africa
Chapter 4. Global Polybutadiene Rubber Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunities
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Polybutadiene Rubber Market Size & Forecasts by Type 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Polybutadiene Rubber Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Cis-Polybutadiene Rubber
- 5.2.2. Trans-Polybutadiene Rubber
Chapter 6. Global Polybutadiene Rubber Market Size & Forecasts by Product 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Polybutadiene Rubber Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Unfilled
- 6.2.2. Glass Fiber Reinforced
- 6.2.3. Impact Modified
- 6.2.4. UV Resistant
Chapter 7. Global Polybutadiene Rubber Market Size & Forecasts by End Use Industry 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Polybutadiene Rubber Market: End Use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Automotive
- 7.2.2. Construction
- 7.2.3. Industrial
- 7.2.4. Consumer
Chapter 8. Global Polybutadiene Rubber Market Size & Forecasts by Production Process 2022-2032
- 8.1. Segment Dashboard
- 8.2. Global Polybutadiene Rubber Market: Production Process Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. Solution Polymerization
- 8.2.2. Emulsion Polymerization
Chapter 9. Global Polybutadiene Rubber Market Size & Forecasts by Grade 2022-2032
- 9.1. Segment Dashboard
- 9.2. Global Polybutadiene Rubber Market: Grade Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 9.2.1. High-Cis
- 9.2.2. Medium-Cis
- 9.2.3. Trans
Chapter 10. Global Polybutadiene Rubber Market Size & Forecasts by Region 2022-2032
- 10.1. North America Polybutadiene Rubber Market
- 10.1.1. U.S. Polybutadiene Rubber Market
- 10.1.1.1. Type Breakdown Size & Forecasts, 2022-2032
- 10.1.1.2. Product Breakdown Size & Forecasts, 2022-2032
- 10.1.1.3. End Use Industry Breakdown Size & Forecasts, 2022-2032
- 10.1.2. Canada Polybutadiene Rubber Market
- 10.2. Europe Polybutadiene Rubber Market
- 10.2.1. UK Polybutadiene Rubber Market
- 10.2.2. Germany Polybutadiene Rubber Market
- 10.2.3. France Polybutadiene Rubber Market
- 10.2.4. Spain Polybutadiene Rubber Market
- 10.2.5. Italy Polybutadiene Rubber Market
- 10.2.6. Rest of Europe Polybutadiene Rubber Market
- 10.3. Asia Pacific Polybutadiene Rubber Market
- 10.3.1. China Polybutadiene Rubber Market
- 10.3.2. India Polybutadiene Rubber Market
- 10.3.3. Japan Polybutadiene Rubber Market
- 10.3.4. Australia Polybutadiene Rubber Market
- 10.3.5. South Korea Polybutadiene Rubber Market
- 10.3.6. Rest of Asia Pacific Polybutadiene Rubber Market
- 10.4. Latin America Polybutadiene Rubber Market
- 10.4.1. Brazil Polybutadiene Rubber Market
- 10.4.2. Mexico Polybutadiene Rubber Market
- 10.4.3. Rest of Latin America Polybutadiene Rubber Market
- 10.5. Middle East & Africa Polybutadiene Rubber Market
- 10.5.1. Saudi Arabia Polybutadiene Rubber Market
- 10.5.2. South Africa Polybutadiene Rubber Market
- 10.5.3. Rest of Middle East & Africa Polybutadiene Rubber Market
Chapter 11. Competitive Intelligence
- 11.1. Key Company SWOT Analysis
- 11.1.1. LANXESS AG
- 11.1.2. JSR Corporation
- 11.1.3. LG Chem Ltd.
- 11.2. Top Market Strategies
- 11.3. Company Profiles
- 11.3.1. LANXESS AG
- 11.3.1.1. Key Information
- 11.3.1.2. Overview
- 11.3.1.3. Financial (Subject to Data Availability)
- 11.3.1.4. Product Summary
- 11.3.1.5. Market Strategies
- 11.3.2. JSR Corporation
- 11.3.3. LG Chem Ltd.
- 11.3.4. Asahi Kasei Corporation
- 11.3.5. Kumho Petrochemical Co., Ltd.
- 11.3.6. Sinopec Corporation
- 11.3.7. Goodyear Tire and Rubber Company
- 11.3.8. Evonik Industries AG
- 11.3.9. Versalis S.p.A.
- 11.3.10. Reliance Industries Limited
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes