Polybutadiene Market, By Product Type, and Application - Global Industry Insights, Trends, Outlook till 2026


Posted September 13, 2019 by Pallavicoh

Polybutadiene Market report categorizes the global market by Product Type, By Application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

 
Polybutadiene is a polymer formed by polymerization of 1, 3-butadiene. It is a synthetic rubber, which is mostly used in the production of tires, and also to enhance the resistance of polystyrene and ABS (acrylonitrile butadienestyrene). Production of golf balls and coating of electronics also require polybutadiene. High resistivity of polybutadiene is a major factor augmenting its demand in tire manufacturing plants.

One of the significant drivers for the global polybutadiene market is the rapid growth in automotive and plastic industries. Properties such as low transition, high resistance, high tensile strength, abrasion resistance, and toughness fuel the demand for polybutadiene globally. Moreover, increasing demand for ecofriendly and fuel efficient tires is also driving the global polybutadiene market. However, price volatility of raw materials is a prominent restraint in the polybutadiene market.

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The Europe tire market has witnessed a moderate growth over the past couple of years. However, the region witness high import of tires. According to the European Tire and Rubber Manufactures Association, 206,672 tires were sold in 2016, with an increase of 2% from the previous year.

The polybutadiene market in the Middle East and Africa is expected to witness a steady growth in the forecast period. This is due to the volatility in price as a result of low crude oil production in these regions.



High cis polybutadine contains typically 92% or over cis and very small quantity of vinyl, typically less than 3%. It is produced by using the Natta-Ziegler catalyst, however the properties vary depending on the quality of the metal. Rubber is the second largest application segment of polybutadine market, tire industry being the fastest growing segment.

Major players operating in the global polybutadiene market follow various organic and inorganic growth strategies in order to gain a competitive edge. For instance, new techniques have been adopted for the production of high grade polybutadiene using alkyllithium by Ziegler. Some of the major players in the global polybutadiene market are JSR Corporation, PJSC Sibur Holding, Mitsubishi Corporation, Firestone Polymers LLC, China Wanda Group, Kuraray Co. Ltd., LG Chem Ltd., and Nippon Soda Co. Ltd., among others.

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Last Updated September 13, 2019