Polybutadiene Market Size To Reach $2.60 Billion By 2030

Polybutadiene Market Growth & Trends

The global polybutadiene market size is expected to reach USD 2.60 billion in 2030 and is projected to grow at a CAGR of 4.9% from 2024 to 2030. The rising demand for synthetic rubber in automobile tire manufacture is expected to boost market growth for polybutadiene.

The high demand for polybutadiene can be attributed to properties such as abrasion resistance, high resilience and cut growth resistance. It is used in combination with other rubbers for the manufacture of tires, industrial products, and consumer products. Tire manufacturing is the major application segment in the market. Manufacturers are also exploring downstream potential as the price of polybutadiene in these applications is more stable.

The demand is high in Asia Pacific owing to the presence of a robust application industry. The presence of companies such as JSR Corporation and Reliance Industries Ltd. is driving market growth in this region.

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Polybutadiene Market Report Highlights

• High cis polybutadiene type dominated the market with 60.7% of revenue share in 2023, owing to increased demand from tire manufacturing industry

• Polymer modification is projected to grow at a CAGR of 4.7% over the forecast period. due to increased demand for modified polymers and golf balls

• The North America polybutadiene market is anticipated to grow at a CAGR of 4.9% during the forecast period.

• The demand in Middle East & Africa is expected to witness below average growth rates on account of price volatility as a result of reduced crude oil production

• Manufacturers have now switched from nickel-butadiene rubber facility to neodymium-rubber facility due to increased demand for high cis derivatives used in the manufacture of high performance tires

• In 2014, Trinseo converted its Nickel Butadiene Rubber (Ni-BR) production facility in Schkopau, Germany, to Neodymium Butadiene Rubber (Nd-BR)

Polybutadiene Market Segmentation

Grand View Research has segmented the global polybutadiene market report based on type, application, and region

Polybutadiene Type Outlook (Revenue, USD Million, Volume in Kilo Tons, 2018 - 2030)

• High cis polybutadiene

• Low cis polybutadiene

• High trans polybutadiene

• High vinyl polybutadiene

Polybutadiene Application Outlook (Revenue, USD Million, Volume in Kilo Tons, 2018 - 2030)

• Tire manufacturing

• Polymer modification

• Industrial rubber manufacturing

Polybutadiene Regional Outlook (Revenue, USD Million, Volume in Kilo Tons, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

• Latin America

  • Argentina

  • Brazil

• Middle East and Africa (MEA)

  • Saudi Arabia

  • UAE

  • South Africa

List of Key Players in the Polybutadiene Market

• BASF

• SABIC

• RTP Company

• Chang Chun Group

• Wuxi Xingsheng New Material Technology Co., Ltd.

• Xiamen Keyuan Plastic Co., Ltd

• Polyplastics Co., Ltd.

• LANXESS

• Kingfa Science & Technology (India) Limited

• Evonik Industries