Liquid Polybutadiene, commercially often referred as liquid rubber and is highly unsaturated. Market for Liquid Polybutadiene has been highly occupied by tire manufacturer’s which is influenced due to transportation applications. Moreover, regional market particularly Europe has pushed growth in quick succession over the years driven by large investments in construction projects. While growing significantly global market growth is hampered by instability in prices of raw material as well as preservation issues.
Key players of the Global Liquid Polybutadiene Market are KURARAY CO. LTD (Japan), SIBUR INTERNATIONAL GMBH (Russia), Idemitsu Kosan Co.,Ltd (Japan), Versalis (Italy), Evonik Industries AG (Germany), Cray Valley (France), NIPPON SODA CO., LTD (Japan) and others.
The Global Liquid Polybutadiene Market is majorly segmented on the basis of application, end use industries and regions. Market segmentation on the basis of application includes coating, adhesive and sealants, tire manufacturing, chemical, industrial rubber, protective films, polymer modifications, and others. Among all, tire manufacturing and coating applications are the prominent segments growing at highest growth rate. Tremendous growth in transportation industry has surged demand for Liquid Polybutadiene in tire manufacturing. Since the transportation industry is growing significantly, tire application segment expected to retain its dominance in the years to come. Liquid Polybutadiene is particularly used as coatings in construction industry in new as well renovating constructional activities.
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Furthermore, on the basis of end user industries global market has been divided into transportation, construction, industrial manufacturing and other industries. On account of strong demand of Liquid Polybutadiene in tire manufacturing, transportation is occupying major share in the global market. Since the automotive industry is on peek, it has supported significantly in the growth of transportation industry, thereby mounting strong demand for liquid polybutadiene. Moreover, construction industry is also a key consumer of Liquid Polybutadiene owing to increasing constructional projects. Huge construction investment especially in Europe region due to favourable government policies has made this industry large consumer. On the other hand, rubber industry also considerably consumes Liquid Polybutadiene in industrial manufacturing. These applications includes conveyer belts, rubber hoses, gaskets, and anti-vibration rubber compound.
In Global Liquid Polybutadiene Market Asia Pacific accounts for majority of global market shares for more than 45% in 2016. This region emerged as most promising market for these Polybutadiene in terms of growth. China, Japan, India, and South Korea are the key growth driving markets in this region. Since the construction and automotive industries in Asia Pacific region have been growing significantly, Liquid Polybutadiene has shown considerable growth. Europe is the second largest regional market which is growing significantly over the years. Growth in this region is highly credible to favourable government policies that has led to increasing investment in construction activities such as residential as well as non-residential construction activities. North America accounted for least numbers of market shares and has shown positive growth over the past few years. U.S. drives North America liquid polybutadiene market owing to strong adoption of these Polubutadiene by end use industries. Since the emerging economies such as Brazil, Argentina, Turkey, and Qatar has witnessed rapid industrialization, Latin America coupled with Middle East & Africa regions expected to show considerable growth.
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