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The liquid polybutadiene market share is expected to increase by USD 964.95 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.35%.
This liquid polybutadiene market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (transportation, construction, industrial manufacturing, and others) and geography (APAC, Europe, North America, MEA, and South America). The liquid polybutadiene market report also offers information on several market vendors, including ARLANXEO, Eni Spa, Idemitsu Kosan Co. Ltd., JSR Corp., Kuraray Co., Ltd., LANXESS AG, Nippon Soda Co. Ltd., RAG-Stiftung, Synthomer Plc, and TotalEnergies SE among others.
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Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing demand for liquid polybutadiene in tire application is notably driving the liquid polybutadiene market growth, although factors such as fluctuating crude oil prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the liquid polybutadiene industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Liquid Polybutadiene Market Driver
One of the key factors driving growth in the liquid polybutadiene market is the increasing demand for liquid polybutadiene in tire application. Liquid polybutadiene is a synthetic rubber that is manufactured from the polymerization of the monomer 1,3-butadiene. Liquid polybutadiene is mainly used in manufacturing tires in the automotive industry. In the automotive industry, liquid polybutadiene is used in tire manufacturing, owing to its properties such as the controlling of the balance of grip, the ability to increase fuel efficiency, higher resistance to wear and tear, superior performance, and long shelf life. Hence, the growth of the automotive industry will increase the demand for liquid polybutadiene.
Key Liquid Polybutadiene Market Challenge
The fluctuating crude oil prices will be a major challenge for the liquid polybutadiene market. 1,3-butadiene is one of the raw materials used for manufacturing liquid polybutadiene, and it is derived from petrochemical products. These petrochemical products are manufactured from oil and natural gas. The price of 1,3-butadiene is dependent on the prices of crude oil. Volatility in the price of raw materials directly affects the revenue and profit margins of manufacturers. Therefore, vendors are compelled to reduce the use of petroleum-derived feedstock chemicals and seek alternative solutions to maintain their profit margins.
This liquid polybutadiene market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the liquid polybutadiene market encompasses successful business strategies deployed by the key vendors. The liquid polybutadiene market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The liquid polybutadiene market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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52% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for liquid polybutadiene in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
The use of liquid polybutadiene in end-user industries such as automotive and construction will facilitate the liquid polybutadiene market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The liquid polybutadiene market share growth by the transportation segment will be significant during the forecast period. In the transportation segment, liquid polybutadiene is used primarily in manufacturing tires, rubber compounding, hoses, and other products, owing to its high resistance to wear. The rising number of automotive vehicles across the world will drive the demand for such components, which, in turn, will drive the demand for liquid polybutadiene.
This report provides an accurate prediction of the contribution of all the segments to the growth of the liquid polybutadiene market size and actionable market insights on post COVID-19 impact on each segment.
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Liquid Polybutadiene Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.35% |
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Market growth 2021-2025 |
$ 964.95 million |
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Market structure |
Fragmented |
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YoY growth (%) |
5.05 |
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Regional analysis |
APAC, Europe, North America, MEA, and South America |
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Performing market contribution |
APAC at 52% |
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Key consumer countries |
China, Germany, US, India, and Japan |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ARLANXEO, Eni Spa , Idemitsu Kosan Co. Ltd., JSR Corp., Kuraray Co., Ltd., LANXESS AG, Nippon Soda Co. Ltd., RAG-Stiftung, Synthomer Plc, and TotalEnergies SE |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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