iCrowdNewswire Feb 4, 2021 5:32 PM ET
The Global Polybutadiene Market is forecast to reach USD 16.44 Billion by 2027, according to a new report by Reports and Data. Polybutadiene or polybutadiene rubber (PBR) is one of the most used synthetic elastomers which has quite similar properties like natural rubber or polyisoprene. Polybutadiene is suitable for end-uses with high exposure to low temperatures. Polybutadiene is the second-largest synthetic elastomer after styrene-butadiene rubber (SBR) by the volume of consumption globally. High resilience than, high impact resistance, low hysteresis loss, and high abrasion resistance are some of the properties of this elastomer, which are more prominent than the similar natural rubbers. Polybutadiene has the highest usage in the tire manufacturing industries.
The latest report is one of the most sought-after market research documents covering the grave impact of the COVID-19 outbreak current situation on the Polybutadiene market. The market intelligence report closely investigates the severe disruptions to this business sphere brought about by the pandemic. The coronavirus outbreak has significantly affected the Polybutadiene business landscape, posing threats to the developmental scope of the key manufacturers and buyers involved in this sector. The report further provides expert speculations about the post-COVID-19 scenario of the market.
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The rise in demand for automobiles is expected to drive the market in the coming years. A significant challenge in the market’s growth is affected by the unstable price of the raw materials. Market demand is expected to be restrained by the rising demand for plastic-free products. Rising applications of Polybutadiene in the coatings and paints are driving the market. The increasing usage of bio-based Polybutadiene will also supplement Polybutadiene market revenue share through 2027
Further key findings from the report suggest
The transition metal catalysts produce a high stereo-regular form of polybutadiene with one main polymer chain on the same side of carbon-carbon double bond in the structure. High cis polybutadiene typically consists of nearly 94% of cis content which provides higher strength and increases cut growth resistance in the cured product. This high cis polybutadiene is projected to get the highest growth of 6.1% due to the higher inclination towards the green tires worldwide.
Growing penetration of online retailing businesses for chemicals and materials, especially in the emerging nations from Asia Pacific, is helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. Also, due to the non-involvement of distributors in the supply chain model, the profit margin is way more than that of the offline retailing sub-segment. The online retailing is expected to gain a market share of 34.1% by 2027.
Europe would reach a market share of 20.5% by 2027 and would grow at a CAGR of 4.9% in the forecast period. Netherland and Germany have some of the valuable players in this region.
North America is forecasted to witness significant growth in the overall market, with 25.7% of market possession by 2027 and CAGR of 5.8% during the forecast period. The US possesses the highest market share in this region and some of the vital player in the market.
The global Polybutadiene market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies’ current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.
The leading companies operating across the global Polybutadiene market are listed below:
The Goodyear Tire & Rubber Company, JSR Corporation, Synthos S.A., Reliance Industries Limited, LyondellBasell Industries N.V., LG Chem Ltd., Versalis S.P.A., Ube Industries, Ltd., Kumho Petrochemical Co., Ltd., and Mitsubishi Corporation, among others.
Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
High Cis Polybutadiene
Low Cis Polybutadiene
High Trans Polybutadiene
High Vinyl Polybutadiene
Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
Applications Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
Polymer Impact Modification
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Key Takeaways from the Global Polybutadiene Market report:
The global Polybutadiene market report entails a broad product segmentation.
It methodically evaluates the overall product expanse of this business space.
The report covers pivotal information about the accrued market share of each product type, their profit estimations, and production growth graph.
The report provides the reader with a generic summary of the application gamut of the global Polybutadiene market.
The report further details the market share and product demand for each application segment.
The study estimates the growth rate of each application segment over the projected timeframe.
Moreover, the report offers crucial information on the different parameters boosting the global market expansion, such as raw material production and market concentration rates.
Table Of Contents:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Polybutadiene Market Segmentation & Impact Analysis
Chapter 5. Polybutadiene Market, By Type Insights & Trends
Chapter 6. Polybutadiene Market, By Application Insights & Trends
Chapter 7. Polybutadiene Market, By End Use Insights & Trends
Chapter 8. Polybutadiene Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
10.1. The Goodyear Tire & Rubber Company
10.2. JSR Corporation
10.3. Synthos S.A.
10.4. Reliance Industries Limited
10.5. LyondellBasell Industries N.V.
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