(Companies: LG Chem Ltd., Versalis S.P.A, China Petroleum & Chemical Corporation, JSR Corporation, Reliance Industries Limited)
The global polybutadiene market was worth $22.68 billion in 2019. In 2019, Asia Pacific accounted for around 65% of the market and is forecasted to register the highest CAGR during 2019-2023.
The polybutadiene market consists of sales of polybutadiene and related services. Polybutadiene is a synthetic rubber that is formed from the polymerization process of the monomer 1,3-butadiene. Polybutadiene is abrasion-resistant and is used especially in the manufacture of tires, as an additive to improve the mechanical strength of plastics such as polystyrene and acrylonitrile butadiene styrene (ABS). Polybutadiene is also used to coat or encapsulate electronic assemblies, offering high electrical resistivity.
Read More On The Global Polybutadiene Market Report At:
The polybutadiene market is expected to grow at a compound annual growth rate (CAGR) of 7% and reach $29.72 billion by 2023. Increased usage of polybutadiene in high-end tyre manufacturing contributed to the growth of the polybutadiene market. Nearly 70% of world production of polybutadiene is used in tyre manufacturing. After the curing process, BR possesses different properties such as abrasion resistance, poor wet traction and low rolling resistance because of its low glass transition temperature. It is also majorly used in sidewall of truck tyres to improve abrasion and reduce wearing. For example, companies such as UBE industries manufacture BR, which is used in tyres with premier physical properties such as rebound, tensile strength, heat buildup, and grades with excellent processability such as mixing, roll banding and extrusion.
Safety hazards have always been a major challenge in the polybutadiene industry. Due to its potential hazards, butadiene is not sold to customers directly, but it is used in the manufacture of polymers and elastomers. Butadiene is highly volatile and low-water soluble in nature. Long term exposure to butadiene is detrimental to human health.
Neodymium polybutadiene (ND-PBR) rubber production is an emerging trend in the polybutadiene rubber market. Neodymium is a catalyzed synthetic polybutadiene, which has high elasticity and is resistant to dynamic stress on both high and low temperatures. It is majorly used in the manufacturing of tires, conveyor belts, golf balls, footwear and others industry. For instance, Lanxess, a producer of neodymium polybutadiene rubber, is producing 0.14 million tonnes ND-PBR per year.
Major players in the market are LG Chem Ltd., Versalis S.P.A, China Petroleum & Chemical Corporation, JSR Corporation, Reliance Industries Limited, Lanxess AG, Kumho Petrochemical Co. Ltd., The Goodyear Tire & Rubber Company, UBE Industries, Ltd., Synthos S.A.
LG Chem is a Korean chemicals company, with eight factories in South Korea and a network of 29 business locations in 15 countries.
Request A Sample Of The Global Polybutadiene Market Report At:
Table Of Contents :
1. Executive Summary
2. Polybutadiene Market Characteristics
3. Polybutadiene Market Size And Growth
3.1. Global Polybutadiene Historic Market, 2015 – 2019, $ Billion
3.1.1. Drivers Of The Market
3.1.2. Restraints On The Market
3.2. Global Polybutadiene Forecast Market, 2019 – 2023F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Polybutadiene Market Segmentation
4.1. Global Polybutadiene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
4.2. Global Polybutadiene Market, Segmentation By Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
5. Polybutadiene Market Regional And Country Analysis
5.1. Global Polybutadiene Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion
Place a Direct Purchase Order of Entire Report (Individual License USD 4000) @ https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2702
About The Business Research Company.
The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 20 countries globally.
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company
Company Name: The Business Research Company
Contact Person: Nitin
Email: Send Email
Address:1st Floor, Anshu Colors Building, Road Number 1 Park View Enclave, Jubilee Hills
City: Hyderabad 500033