Worldwide Liquid Polybutadiene Market Size, Share, Industry Growth, Emerging Trends, Future Demand,Forecast 2019 to 2023

Posted July 26, 2019 by Sarahbennu

Liquid polybutadiene market size is forecast to grow by USD 820.81 million during 2019-2023 at a CAGR of 5%, with transportation industry having the largest market share.

Global liquid polybutadiene market: Rise in production capacity of polybutadiene

With the growing demand for rubber in various applications, including tire manufacture and rubber compounding, many polybutadiene manufacturers have been focusing on increasing their production capacities. Some manufacturers have made investments aimed at enhancing polybutadiene rubber production efficiency. The liquid polybutadiene market research report elaborates on the various investments made by several companies and the measures undertaken to enhance production capacity. Overall, the increase in polybutadiene rubber production will have a significant impact on the growth of the global liquid polybutadiene market during the forecast period.

“Apart from the rise in production capacity of polybutadiene, other factors such as the growing popularity of bio-adhesives, and the increasing use of bio-based materials in tire manufacture will have a significant impact on the growth of the liquid polybutadiene market size during the forecast period,” says a senior analyst at Technavio.

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Global liquid polybutadiene market: Segmentation analysis

This market research report segments the global liquid polybutadiene market by end-user (transportation, construction, industrial manufacturing, and others), and geographic regions (North America, APAC, Europe, South America, and MEA).

The APAC region led the liquid polybutadiene market in 2018, followed by Europe, North America, MEA, and South America respectively. The growth of the liquid polybutadiene market in APAC can be attributed to the growth of end-user industries such as automotive, and construction. The demand for liquid polybutadiene is primarily driven by the presence of leading automotive manufacturers in countries such as India, China, Japan, and South Korea.

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Global liquid polybutadiene market: Increasing demand for liquid polybutadiene in tire applications

Liquid polybutadiene is mainly used in the automotive industry to manufacture tires, as it helps control the grip and increase fuel efficiency. It provides superior performance, exhibits high resistance to wear and tear, and has a longer shelf life than normal rubber. Therefore, the rising sales of automobiles across the world, and the increasing demand for fuel efficiency and durability in commercial vehicles, will boost the adoption of liquid polybutadiene-based tires during the forecast period, thereby fueling market growth.

Few Major Vendors in the Dual-Axis Solar Tracker Market are:

Evonik Industries AG
Idemitsu Kosan Co. Ltd.
Kuraray Co. Ltd.
Synthomer Plc
Browse Industries Reports @ Diversified Chemicals

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected]

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
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Tags Liquid Polybutadiene Market , Liquid Polybutadiene Market Size , Liquid Polybutadiene Market Share , Liquid Polybutadiene Market Growth , Liquid Polybutadiene Market Industry analysis , Liquid Polybutadiene Market 2019 , Global Liquid Polybutadiene Market , Liquid Polybutadiene Market Report USA
Last Updated July 26, 2019