Polybutadiene Rubber Market 2024-2028
The polybutadiene rubber market is forecasted to grow by USD 2836.2 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the polybutadiene rubber market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand from automotive industry, rising rate of industrialization, and increased production of plastic.
Technavio's polybutadiene rubber market is segmented as below:
- By Application
- Tires
- Non-tires
- By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the innovation and product development as one of the prime reasons driving the polybutadiene rubber market growth during the next few years. Also, gaining popularity of bio-adhesives and use of bio-based materials in tire manufacturing will lead to sizable demand in the market.
The report on the polybutadiene rubber market covers the following areas:
- Polybutadiene rubber market sizing
- Polybutadiene rubber market forecast
- Polybutadiene rubber market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading polybutadiene rubber market vendors that include 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., and Ube Corp.. Also, the polybutadiene rubber market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.