Liquid Polybutadiene Market to 2023: Top 10 Companies, Trends, Growth Factors, Global Industry Overlook during Forecast Period

“Liquid Polybutadiene Market”
Liquid Polybutadiene Market is projected to grow at a CAGR of 4.85% during the review period 2018-2023. Asia Pacific accounted for the largest share due to growth of the major end use industries in the region.

Liquid Polybutadiene Market Overview to 2023

Liquid polybutadiene is generally known as synthetic rubber, produced by polymerization of butadiene using anionic polymerization technique. It is colorless and transparent chemical compound which consists of carbon and hydrogen with excellent chemical resistance. Due to low low coefficient of friction and mechanical strength it is used in tire manufacturing. Other superior properties such as high activity of curing and affinity towards olefins resins, it can be used in adhesives, sealants and elastomers. Among the aforementioned applications, the prominent application of liquid polybutadiene is in tire manufacturing.

The Global Liquid Polybutadiene Market is estimated to reach USD 3,776.5 million by 2023 at a CAGR of 4.85% during the forecast period. This is attributed to increasing demand for the product from the transportation sector.

Get Exclusive Sample Copy @ https://www.marketresearchfuture.com/sample_request/3999 

Global Top 10 Key Players:

The prominent players in the Global Liquid Polybutadiene Market are Kuraray Co. Ltd (Japan), SIBUR International GmbH (Austria), Idemitsu Kosan Co.,Ltd. (Japan), Versalis S.p.A (Italy), Evonik Industries AG (Germany), Cray Valley (France), and NIPPON SODA CO., LTD (Japan), among others.

Based on the application, the Global Liquid Polybutadiene Market is characterized into tire manufacturing, industrial rubber, polymer modification, protective films, chemicals, coatings, adhesives & sealants, and others. Among these applications, the tire manufacturing accounts for the largest market share as of 2016 and is estimated to grow at the highest CAGR of 5.31% during the forecast period. In the coming years, the tire manufacturing segment is anticipated to retain its dominance due to the constantly rising demand from the automotive industry. Apart from tire manufacturing industry, industrial rubber is another substantial application of the Liquid Polybutadiene and is holding 19% share of the market.

Liquid Polybutadiene is a colorless and transparent chemical compound with low Volatile Organic Compounds (VOCs). It consists of carbon and hydrogen, which make it excellent chemical resistant material. The superior properties offered by Liquid Polybutadiene are high resistance to wear, which makes it ideal for tire manufacturing. It is also used in bumpers, side wall of tires, rim cushion and bead filler among others. Furthermore, with excellent electrical insulation and high cold resistance properties by keeping good flexibility at low temperature, it is suitable for electrical component parts manufacturing and is used as additive to improve toughness of plastics. Liquid Polybutadiene is used in various rubber goods other than tires such as conveyor belts, hoses, and gaskets.

Intended Audience

  • Manufacturers and Distributors of Liquid Polybutadiene.
  • Manufacturers and Distributors of Liquid Polybutadiene.
  • Suppliers and traders.
  • Government, Associations and Industrial Bodies.
  • Investors and Trade experts.
  • Consulting in Chemical Experts

On the basis of end use, the Global Liquid Polybutadiene Market is segmented into transportation, construction, industrial, and others. Transportation is the leading segment and it is expected to grow at the highest CAGR to reach USD 1,548.3 million by the end of 2023. This industry is the key consumer of Liquid Polybutadiene and accounts for the major share of the overall demand for the product. The construction industry is closely following the leading transportation industry, and is estimated to grow at a considerable CAGR over the review period.

Access complete Report at https://www.marketresearchfuture.com/reports/liquid-polybutadiene-market-3999 

Segmentation:

The Global Liquid Polybutadiene Market is segmented on the basis application, end use, and region.

  • On the basis of application the market is divided into tire manufacturing, industrial rubber, polymer modification, protective films, chemicals, coatings, adhesives & sealants, and others.
  • On the basis of end use, the market is segmented transportation, construction, industrial, and others.
  • Geographically, the Global Liquid Polybutadiene Market is spanned across: Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Geographic Analysis:

The Global Liquid Polybutadiene Market is projected to grow at a CAGR of 4.85% during the review period 2017-2023. Asia Pacific accounted for the largest share due to growth of the major end use industries in the region. Transportation industry likely to dominate the Global Liquid Polybutadiene Market during the forecast period. The Global Liquid Polybutadiene Market is estimated to reach USD 3,776.5 million by 2023 at a CAGR of 4.85% during the forecast period. This is attributed to increasing demand for the product from the transportation sector. Based on the application, the Global Liquid Polybutadiene Market is characterized into tire manufacturing, industrial rubber, polymer modification, protective films, chemicals, coatings, adhesives & sealants, and others. Among these applications, the tire manufacturing accounts for the largest market share as of 2016 and is estimated to grow at the highest CAGR of 5.31% during the forecast period. In the coming years, the tire manufacturing segment is anticipated to retain its dominance due to the constantly rising demand from the automotive industry. Apart from tire manufacturing industry, industrial rubber is another substantial application of the Liquid Polybutadiene and is holding 19% share of the market.

 

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/liquid-polybutadiene-market-3999