Global Neodymium-based Butadiene Rubber Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Neodymium-based Butadiene Rubber Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Buna® CB 22 is a Neodymium Butadiene Rubber, not oil extended.Typical applications are tires, conveyor belts, caterpillar tread blocks, footwear soles, V-belts; Buna® CB 22 can be blended with NR and/or SBR for goods having thick walled elements and requiring part high resistance to reversion, e.g. buffers, roll covers needing high abrasion resistance.

Market Overview:

The latest research study on the global Neodymium-based Butadiene Rubber market finds that the global Neodymium-based Butadiene Rubber market reached a value of USD 1496.1 million in 2022. It’s expected that the market will achieve USD 2708.26 million by 2028, exhibiting a CAGR of 10.4% during the forecast period.

Market Trends

The automotive industry is one of the fastest growing industries in the world, and it is directly related to the synthetic rubber industry. About 75% of the world’s rubber production (both natural and synthetic) is involved in the production of tires. In other words, the automotive end-user segment dominates the global synthetic rubber market. The rapid growth of the automotive industry, especially in the Asia-Pacific and the Middle East & Africa region, is driving the demand for synthetic rubber, due to its diverse and various applications. China developed a technology, in which synthetic rubber increasingly replaces natural rubber in the production of car tires, especially for passenger cars, which occupy a dominant (75%) and a growing share in the global automotive market. This caused a significant structural change in the global rubber industry. The consumption of synthetic rubber has expanded constantly in the past decade and currently contributes above 55% of the global rubber consumption. The above factors are likely to have a deep impact on the global Neodymium-based Butadiene rubber market in the coming years.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Lanxess (Arlanxeo), Kumho Petrochemical and Enichem. with the revenue market share of 47.64%, 11.35% and 8.26% in 2018.

LANXESS Aktiengesellschaft, a specialty chemicals company, develops, manufactures, and markets chemical intermediates, specialty chemicals, and plastics worldwide. It operates in five segments: Advanced Intermediates, Specialty Additives, Performance Chemicals, Engineering Materials, and ARLANXEO. The Advanced Intermediates segment offers high-grade intermediates for the agrochemical and coating industries; fine chemicals as precursors and intermediates for the pharmaceutical, agrochemical, and specialty chemical industries; customer-specific specialties; organometallics; and tire chemicals. The Specialty Additives segment provides additives, including lubricants, flame retardants, plasticizers, and bromine derivatives for various applications in the rubber, plastic, and paint industries. The Performance Chemicals segment offers material protection products; and inorganic pigments for the coloring of concrete, and emulsion paint and other coatings. It also offers finishing agents for the leather industry; and reverse osmosis membranes and ion exchange resins for water treatment, as well as disinfectant and hygiene solutions. The Engineering Materials segment produces technical plastics, glass fibers, fiber composites, and elastomers on a urethane basis for application in the automotive and electrical/electronics, and construction and medicine industries, as well as sports and leisure sectors. The ARLANXEO segment provides specialty rubbers for use in high-quality rubber products in the automotive engineering, tires, and construction industries. The company was founded in 1863 and is headquartered in Cologne, Germany.

Kumho Petrochemical Co., Ltd. manufactures and sells synthetic rubber and resins, specialty chemicals, electronic materials, nanocarbon, energy, building, and IT materials in South Korea and internationally. The company’s synthetic rubber products include styrene butadiene rubber, high-cis and low-cis polybutadiene rubber, solution polymerized styrene butadiene rubber, ultra high-cis polybutadiene rubber, acrylonitrile butadiene rubber, high styrene resin masterbatch, styrene-butadiene latex and carboxylated styrene-butadiene latex, styrene butadiene styrene, styrenic thermoplastic elastomer compounds, and LEADCAP for use in industrial items, such as golf balls, medical products, footwear, asphalt modifiers, etc. Its synthetic resin products comprise general purpose polystyrene, high impact polystyrene, acrylonitrile butadiene styrene, engineering plastics, expandable polystyrene, ENERPOR, polypropylene glycol, and styrene acrylonitrile for use in general-purpose products, such as automotive parts, electronic components, food containers, building materials, etc. The company’s specialty chemicals consist of antioxidants, vulcanization accelerators, and paint additives/diluents used in tires; electronic materials include photoresists, bottom anti-reflection coatings, photosensitive polyimide, and LCD panel sealants; and carbon nanotubes used in semiconductor and display industries. Its building materials comprise ABS window systems, PVC window systems, AL window systems, and gold foam insulators; and facial recognition IT systems and solutions. The company also operates a cogeneration plant that provides residential, commercial, and industrial users with electricity, steam, and purified water to businesses. Kumho Petrochemical Co., Ltd. was founded in 1970 and is headquartered in Seoul, South Korea.

Segmentation Overview:

Among different product types, Liquid Nd-BR segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Tires segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Neodymium-based Butadiene Rubber market covered in Chapter 3:

Nizhnekamskneftekhim
Kumho Petrochemical
Sibur
Chimei
Lanxess (Arlanxeo)
Synthos
Firestone Polymers
Enichem

In Chapter 4 and Chapter 14.2, on the basis of types, the Neodymium-based Butadiene Rubber market from 2018 to 2029 is primarily split into:

Solid Nd-BR
Liquid Nd-BR

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Neodymium-based Butadiene Rubber market from 2018 to 2029 covers:

Tires
Golf Balls
Conveyor Belts
Footwear Soles
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)