The global polybutadiene rubber market is anticipated to grow at a higher CAGR of 5.82% during
the forecast period. Primary producers of natural rubber are Thailand,
Indonesia, Africa, Latin America, Brazil, Cambodia, Sri Lanka and India; while
synthetic rubbers have a great demand and have replaced natural rubbers in the
commercial space.
Polybutadiene rubber
implies synthetic one manufactured through routes of catalytic dehydrogenation
of butanes and catalytic dehydrogenation of butane. It is produced from free
radical emulsions using alkali methyl solution and transition metal
coordination solution processes. Mostly, solution based processes are followed
during production.
Polybutadiene Rubber
Market is driven by increase in demand for synthetic rubber in automobile
tires. Features such as abrasion resistance, cold resistance, high tensile
strength and durability have enabled a significant traction for the market
growth. Apart, a major trend in the market is increase in demand for bio
feedstock and its uses for production of synthetic rubber. In addition, the
production of rubber is increasing rapidly due to sustainability.
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Polybutadiene market is segmented by
application as automotive tires, golf ball, and plastics. Automotive tires
account for a significant market share due to tremendous demand for tires on a
global scale. The market is geographically segmented as North America, South
America, Europe, Asia-Pacific, Middle East and Africa. Middle Eastern and
African markets are expected to gain a significant CAGR during the forecast
period. Presence of manufacturing units and marketing activities have enabled
robust market growth for APAC regions. China is a huge market in APAC sector
owing to continuous rise in vehicle sales. Japan is one of the larger markets
for tires and golf ball manufacturing.
North American and European markets
are anticipated to grow higher as the market is in the matured stages followed
by a high demand for polybutadiene rubber for automotive sector and manufacture
of golf ball. The key players profiled in the polybutadiene rubber market
report are Kumho Petrochemical, JSR, Lanxess, Sibur, Versalis, Goodyear, Cooper
Tires, and Pro-Line.
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