The global polybutadiene rubber market is primarily driven by the rapid growth of the automotive industry
Sheridan, United States - August 4, 2021 /MarketersMedia/ —
According to the latest report by IMARC Group, titled, “Polybutadiene Rubber Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, The global polybutadiene rubber market exhibited moderate growth during 2015-2020 and expects the market to grow at a CAGR of around 5% during 2021-2026.
Polybutadiene Rubber (PBR) is a polymerformed from many 1,3-butadiene monomers undergoing free radical polymerization. It offers excellent elastic properties, low hysteresis loss, resistance to low temperatures and high wear due to the strength propertiesand low coefficient of friction.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Polybutadiene Rubber Market Trends:
The global polybutadiene rubber market is primarily driven by the rapid growth of the automotive industry. PBR is used to manufacture tires and high-quality components in luxury and semi utility vehicles (SUVs) to provide enhanced comfort to the user. It isalso utilized as an additive to improve the mechanical strength of plastics such as polystyrene and ABS. Besides this, PBR is employed in the production of shoes, belts and conveyors, rubber sponges, hoses and washers, butadiene roller balls. Moreover, manufacturers are utilizing bio feedstock and other natural resources for the manufacturing of synthetic rubber. These factors are expected to provide a positive outlook to the market in the coming years.
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Global Polybutadiene Rubber Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Evonik Industries AG, JSR Corporation, Kuraray Co. Ltd., Lanxess AG, LG Chem Ltd., LyondellBasell Industries Holdings B.V., Nippon Soda Co. Ltd., Reliance Industries Limited, Saudi Arabia Basic Industries Corporation (SABIC), Synthomer plc, Synthos (FTF Galleon S.A.), The Goodyear Tire & Rubber Company and UBE Industries Ltd.
The report has segmented the market on the basis on region, product, distribution channel and application.
Breakup by Product:
High Cis
Low Cis
High Trans
High Vinyl
Breakup by Distribution Channel:
Online
Offline
Breakup by Application:
Tire Manufacturing
Polymer Modification
Industrial Rubber Manufacturing
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
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Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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