Market Research Future Published a Research Study on Liquid Polybutadiene Market Research Report, Size, Share and Industry Analysis - Forecast to 2023
Liquid Polybutadiene Market – Competitive Analysis
Liquid polybutadiene market is operating at developing stage and is highly fragmented market with presence of various small and large players active in regional market. Majority of market participants has adopted strategies such as partnership, agreement, expansion and product launch. Under this section, analysis of various strategies through strengths and weaknesses, growth models, products and services are compared to competitors. Product launch and agreement are key growth strategy adopted by liquid polybutadiene manufacturers. For instance, Total Cray Valley introduced a new PolyFarnesene diol in line of Krasol- brand and Ricon-brand which is liquid polybutadiene resin in year 2017. Similarly, in 2013, they also introduced hydrogenated polybutadiene monols and diols to be used as reactive intermediates for variety of specialised applications. Moreover, expansion is another major strategy adopted by key players to increase their market share.
Kuraray Co. Ltd (Japan), SIBUR International GmbH (Austria), Idemitsu Kosan Co.,Ltd. (Japan), Versalis S.p.A (Italy), Evonik Industries AG (Germany), Cray Valley (France), and NIPPON SODA CO., LTD (Japan), among others are some of the prominent players at the forefront of competition in the Global Liquid Polybutadiene Market and are profiled in MRFR Analysis.
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Liquid Polybutadiene Market – Market Overview
Liquid polybutadiene is generally known as synthetic rubber, produced by polymerization of butadiene using anionic polymerization technique. It is colorless and transparent chemical compound which consists of carbon and hydrogen with excellent chemical resistance. Due to low low coefficient of friction and mechanical strength it is used in tire manufacturing. Other superior properties such as high activity of curing and affinity towards olefins resins, it can be used in adhesives, sealants and elastomers. Among the aforementioned applications, the prominent application of liquid polybutadiene is in tire manufacturing.
The protuberant factors driving the market growth are increasing tire manufacturing coupled with growth of automotive and construction industry in emerging economies. Rising awareness of liquid polybutadiene in tire manufacturing due to high resistance to wear, maintain cool temperature, high resilience and low rolling resistance are further anticipated to drive product demand. Liquid polybutadiene is set to emerge as preferred choice over natural rubber and SBR (styrene-butadiene rubber) owing to excellent properties and innovative application scope. Furthermore, increasing inculcation of liquid polybutadiene in construction application such as coating, sealants and adhesives to have positive influence market. However, volatile in raw material prices are likely to hinder the market growth.
Global Liquid Polybutadiene market is projected to reach USD 3,776.5 million by 2023 with a CAGR of 4.85% during forecast period 2017-2023. According to MRFR analysis, liquid polybutadiene market is segmented as application and end use industry. Among application, tire manufacturing is leading followed by industrial rubber and polymer modification. Tire manufacturing accounts for more than 33% of the market share and estimated to grow at CAGR of 5.31% during the assessment period. They are also used in various rubber goods other than tires such as conveyor belts, hoses and gaskets. Among all the end use industry, consumption of liquid polybutadiene in the transportation industry was estimated to be on the higher end, owing to the versatile applications like tire, rubber components, protection films and adhesives among others.
The Asia Pacific region holds growth potential for liquid polybutadiene market and is slated to register a CAGR of 5.34% to reach USD 1,483.2 million by 2023 owing to the rapid industrialization in the region along with presence of considerable number of producers coupled with cheap labor cost and growing exports. Middle East & Africa is fastest growing market and anticipated to remain the same over the forecast period. Growing construction activities such as road and tunnel development projects are further likely to augment the regional demand.
Browse Key Industry insights spread across 123 pages with 148 market data tables & 15 figures & charts from the Report, “Liquid Polybutadiene Market Information by Application (Tire Manufacturing, Industrial Rubber, Polymer Modification, Protective Films, Chemicals, Coatings, Adhesives & Sealants, and Others), by End Use (Transportation, Construction, Industrial, and Others) and by Region (Asia Pacific, Europe, North America, Latin America, and Middle East & Africa) - Forecast till 2023” in detail along with the table of [email protected]
Industry/ Innovation/ Related News:
December 2017 - Kuraray Co., Ltd. has developed liquid farnesene rubber for tire manufacturing. Sumitomo Rubber Industries, Ltd. has adopted liquid farnesene rubber (LFR) as performance enhancing additive in stud less tire WINTER MAXX 02. This LFR is developed by Kuraray using bio-technology derived monomer called Farnesene with help of Amyris, Inc. This development is expected to strengthen company position in automotive tire market.
September 2016 - Kuraray Co. Ltd, Sumitomo Corporation and PTT Global Chemical (Thailand) signed MOU for joint study for potential development of Butadiene derivatives in Thailand. In this Kuraray will pursue the global expansion for butadiene and isobutene derivatives along with competitive supply of raw materials.
October 2015 – Versalis and Genomatica has entered into partnership for production of Bio-based butadiene (BDE) from renewable feedstock. In this approach, company used microorganism designed by Genomatica to produce 1,3-butanediol to BDE and then obtained rubber from it through process engineering. This approach of design facilitates cost effective, and deployable commercial process around the world.
July 2015 – Evonik expanded its market position for C4 based products that includes 1-butene, butadiene, MTBE, and also isobutene, INA (isononanol), 2-PH (2-propylheptanol), and DINP (diisononyl phthalate). The company expanded butadiene capacity in Antwerp, Belgium by 100,000 tons, while for 1-butene capacity expanded to 75,000 tons in Marl (Germany) and MTBE capacity by total 150,000 tons in Marl and Antwerp. Butadiene is used in the manufacture of synthetic rubber (liquid polybutadiene). The projected started in January 2013 and completed in July 2015.