Polybutadiene Market

Polybutadiene Market - Global Industry Insights,
Trends, Outlook, and Opportunity Analysis,
2018-2026
Polybutadiene is a polymer formed by polymerization of 1, 3-butadiene. It is a
synthetic rubber, which is mostly used in the production of tires, and also to enhance
the resistance of polystyrene and ABS (acrylonitrile butadienestyrene). Production of
golf balls and coating of electronics also require polybutadiene. High resistivity of
polybutadiene is a major factor augmenting its demand in tire manufacturing plants.
One of the significant drivers for the global polybutadiene market is the rapid growth
in automotive and plastic industries. Properties such as low transition, high
resistance, high tensile strength, abrasion resistance, and toughness fuel the
demand for polybutadiene globally. Moreover, increasing demand for ecofriendly and
fuel efficient tires is also driving the global polybutadiene market.
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High cis polybutadine contains typically 92% or over cis and very small quantity of
vinyl, typically less than 3%. It is produced by using the Natta-Ziegler catalyst,
however the properties vary depending on the quality of the metal. Rubber is the
second largest application segment of polybutadine market, tire industry being the
fastest growing segment.
Polybutadiene Market Outlook
Asia Pacific is expected to be the fastest growing market in the forecast period.
Rubber market of this region is growing at a significant pace, owing to the economic
growth and increased Foreign Direct Investment (FDI) witnessed over the past few
years. Thailand is the world’s top natural rubber producing country followed by
Malaysia, Indonesia, and Vietnam. Growth of automobile industry—the major
end-use industry in the region—is further propelling the demand for polybutadiene.
According to CAAM (China Association of Automobile Manufacturers), China has
witnessed a sale of 2,167,000 cars in July 2017.
The North America polybutadiene market is expected to experience a significant
growth during the forecast period. Presence of major end-use industries such as
automotive and the tire, further augments the demand for poybutadiene. According
to the International Trade Administration, value of automotive parts exports from the
U.S was US$ 81 billion in 2015.
The Europe tire market has witnessed a moderate growth over the past couple of
years. However, the region witness high import of tires. According to the European
Tire and Rubber Manufactures Association, 206,672 tires were sold in 2016, with an
increase of 2% from the previous year.
The polybutadiene market in the Middle East and Africa is expected to witness a
steady growth in the forecast period. This is due to the volatility in price as a result of
low crude oil production in these regions.
Major players operating in the global polybutadiene market follow various organic
and inorganic growth strategies in order to gain a competitive edge. For instance,
new techniques have been adopted for the production of high grade polybutadiene
using alkyllithium by Ziegler. Some of the major players in the global polybutadiene
market are JSR Corporation, PJSC Sibur Holding, Mitsubishi Corporation, Firestone
Polymers LLC, China Wanda Group, Kuraray Co. Ltd., LG Chem Ltd., and Nippon
Soda Co. Ltd., among others.
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Polybutadiene Market report categorizes the global market by Product Type, By Application - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

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