Polybutadiene Market Anticipated to Witness High Growth Owing to Rising Applications in Tires and Rubber Industry

 

Polybutadiene Market

Polybutadiene, commonly known as butadiene rubber or BR, is a synthetic rubber produced from butadiene. It is known for its excellent flexibility, tensile strength and resistance to abrasion. Polybutadiene finds extensive applications as a raw material in tire and rubber products manufacturing. Its low rolling resistance and high traction properties make it suitable for tire treads. Other key applications of polybutadiene include hoses, belts, gaskets and footwear.

 

The Global Polybutadiene Market is estimated to be valued at US$ 6.23 Bn in 2024 and is expected to exhibit a CAGR of 8.8% over the forecast period 2024 to 2030.

Rising automotive production along with growing demand for affordable and fuel-efficient tires is a major growth driver for polybutadiene demand. Replacement of aging vehicles also supports market growth.

 

Key Takeaways

Key players operating in the Global Polybutadiene Market Size are Envista Holdings Corporation, Planmeca Oy, Acteon Group, DENTSPLY Sirona, Carestream Dental, VATECH Co. Ltd., Owandy Radiology, Durr Dental SE, Midmark Corporation, Genoray Co. Ltd., Asahi Roentgen Co. Ltd., 3Shape, PreXion Inc., Cefla Medical Equipment, Apteryx Imaging (Canada), Yoshida Dental Mfg. Co. Ltd, and Align Technology Inc.

 

The polybutadiene market offers significant growth opportunities particularly in developing economies experiencing rapid automobile production and sales growth in Asia Pacific and Latin America. Key market players are investing in capacity expansions to tap the potential offered by emerging markets.

 

Global polybutadiene demand is expanding as major market players pursue geographic and capacity expansion strategies. Manufacturers are setting up new production facilities worldwide to meet the rising demand from international rubber product manufacturers.

 

Market drivers:

- Growing automobile production and sales, particularly in developing nations owing to rising disposable incomes and economic growth. Tires remain a key end-use sector for polybutadiene.

- Replacement demand for aging vehicles fleet helps sustain polybutadiene consumption over the long term.

 

Market restraints:

- Increased preference for fuel-efficient and eco-friendly materials like silica in tire manufacturing limits polybutadiene use to some extent.

- Volatility in crude oil and butadiene prices poses risks to stable polybutadiene supply and manufacturing costs.

 

Segment Analysis

The polybutadiene market is dominated by the styrenic segment which accounts for over 50% of the total market share. Styrenic polybutadiene is useful for manufacturing tires as it imparts good wear resistance, traction and low rolling resistance properties. These special characteristic makes them preferred in the tire industry.

 

Global Analysis

The Asia Pacific region dominates the global polybutadiene market and accounted for over 45% of the total market share in 2024. China is the largest producer and consumer of polybutadiene owing to large scale tire manufacturing in the country. The demand for polybutadiene is expected to grow rapidly in Asia Pacific due to increasing automotive sales driven by emerging economies like India and Indonesia. North America is another major market for polybutadiene owing to stable demand from the tire industry. Stringent environmental regulations regarding fuel efficiency and low rolling resistance in countries like the US and Canada drives the polybutadiene consumption.

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https://www.newsanalyticspro.com/polybutadiene-market-size-share-growth-outlook-2023/

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