Enjoy complimentary customisation on priority with our Enterprise License!
The polybutadiene rubber market share is expected to increase by USD 2.90 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.61%.
This polybutadiene rubber 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 polybutadiene rubber market segmentation by application (tires and non-tires) and geography (APAC, North America, Europe, the Middle East Africa, and South America). The polybutadiene rubber market report also offers information on several market vendors, including ARLANXEO, China National Petroleum Corp., China Petrochemical Corp., Eni S.p.A., Evonik Industries AG, JSR Corp., Kumho Petrochemical Co Ltd, KURARAY Co Ltd, LANXESS AG, LG Chem Ltd., Nippon Soda Co. Ltd., Qingdao ECHEMI Digital Technology Co. Ltd., Reliance Industries Ltd., Saudi Basic Industries Corp., SIBUR International GmbH, Synthomer Plc, Synthos SA, The Goodyear Tire & Rubber Co., Ube Industries Ltd., and Zeon Corp. among others.
Download Report Sample to Unlock the Polybutadiene Rubber Market Size for the Forecast Period and Other Important Statistics
The increasing demand from the automotive industry is notably driving the polybutadiene rubber market growth, although factors such as the recovery of the natural rubber market may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the polybutadiene rubber market industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.
Key Polybutadiene Rubber Market Driver
The increasing demand from the automotive industry is one of the major drivers impacting the polybutadiene rubber market growth. The manufacturers have to depend on synthetic rubber to enhance the quality of the products by increasing the tensile strength. PBD rubber is usually combined with other elastomers, such as natural rubber or SBR, for tire production. The automotive industry relies on PBD rubber for non-tire applications, such as hoses, belts, gaskets, and other automotive components, because of its high resistance to cold temperatures. The rising number of automobiles across the globe and the increasing demand for PBD rubber for numerous applications, including both tire and non-tire, would stimulate the growth of the global PBD rubber market during the forecast period.
Key Polybutadiene Rubber Market Trend
The use of bio-based materials in tire manufacturing is one of the major trends influencing the polybutadiene rubber market growth. There is going to be an increase in the use of bio-based tires in the automotive industry during the forecast period. There is an uproar in the usage of biobased products in the rubber industry in terms of manufacturing automotive vehicle tires made from renewable raw materials. Companies such as DuPont have been working on the use of renewable raw materials that can be used to manufacture tires. DowDuPont Inc. is working to develop a product known as BioIsoprene, which is a bio-based alternative to petroleum-derived isoprene. BioIsoprene can be used to produce synthetic rubber, which is considered an alternative to natural rubber and other elastomers used by tire manufacturers to meet high-performance standards.
Key Polybutadiene Rubber Market Challenge
Recovery of the natural rubber market is one of the major challenges impeding the polybutadiene rubber market growth. The decision of the Organization of the Petroleum Exporting Countries (OPEC) to cut the supply of crude oil is one of the major factors contributing to the recovery of the price of natural rubber. The supply cut increased the price of crude oil, which affected the prices of synthetic rubber. The extensive use of synthetic rubber as a substitute for natural rubber has increased the cost of the production of goods. Therefore, it led to the speculation of a probable substitution of synthetic rubber for natural rubber. Other factors that have led to the recovery of the price of natural rubber include the renewed expectations of a rapid global economic recovery and the high speculation of a decline in supply. Thus the growth of the natural rubber market over the rebounding prices would affect the demand for PBD rubber from various applications, which would considerably affect the growth of the global PBD rubber market
This polybutadiene rubber 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 2022-2026.
Technavio categorizes the global polybutadiene(PBD) rubber market as a part of the global commodity chemicals market within the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the polybutadiene rubber market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the polybutadiene rubber market encompasses successful business strategies deployed by the key vendors. The polybutadiene rubber market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the 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 polybutadiene rubber 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.
Our report provides extensive information on the value chain analysis for the polybutadiene rubber market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
63% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for polybutadiene rubber in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The presence of low-cost labor in emerging economies will facilitate the polybutadiene rubber 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.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 negatively impacted the growth of the PBD rubber market in APAC in 2020. Several countries in this region, such as India, China, Japan, and others, had to impose partial or full lockdown due to the COVID-19 outbreak, which resulted in disruption across the supply chain of production. Therefore, commercial and production activities across the end-user industries, such as construction and infrastructure, automotive, manufacturing, and others, were hampered owing to the temporary closure of the manufacturing units in this region in 2020.
To gain further insights on the market contribution of various segments Request a PDF Sample
The global polybutadiene rubber market for the tire application segment will witness rapid growth during the forecast period. The key factors that are driving the growth of this segment are the increasing demand for automobiles and the rise in the production volume of automobiles globally. Hence, the growth of the market has been significant throughout the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the polybutadiene rubber market size and actionable market insights on the post-COVID-19 impact on each segment.
Polybutadiene Rubber Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.61% |
Market growth 2022-2026 |
$2.90 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.1 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 63% |
Key consumer countries |
US, China, Japan, South Korea, Germany, and Italy |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
ARLANXEO, China National Petroleum Corp., China Petrochemical Corp., Eni S.p.A., Evonik Industries AG, JSR Corp., Kumho Petrochemical Co Ltd, KURARAY Co Ltd, LANXESS AG, LG Chem Ltd., Nippon Soda Co. Ltd., Qingdao ECHEMI Digital Technology Co. Ltd., Reliance Industries Ltd., Saudi Basic Industries Corp., SIBUR International GmbH, Synthomer Plc, Synthos SA, The Goodyear Tire & Rubber Co., Ube Industries Ltd., and Zeon Corp. |
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, and Market condition analysis for the forecast period. |
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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.