Major restraining factors in the global polybutadiene elastomers market are the stringent government regulations pertaining to the implementation of rubber processing. Besides, fluctuation in the raw material prices and health concerns regarding exposure of polybutadiene are the restraining factors for the global Polybutadiene Elastomers Market.
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Polybutadiene elastomers (PBR), a synthetic rubber, is the second largest produced product globally after styrene-butadiene elastomers (SBR). Vulcanized polybutadiene elastomers exhibits high resilience, which signifies its ability to regain shape and size after going through a series of stresses. Furthermore, polybutadiene elastomers are also resistant against abrasion and resistance from cut growth (growth in the size of initial cut in the cured rubber). All these characteristics of polybutadiene elastomers make it ideal for the manufacturing of tires and consumer goods. The global polybutadiene elastomers market is widely used in the industrial manufacturing sector. Also, its application as an impact modifier for ABS and high-impact polystyrene makes it the second largest market for polybutadiene elastomers. Polybutadiene elastomers are incorporated with several other materials in order to make various products, such as hoses, belts, conveyor belts and consumer products such as golf ball centers etc. The global market for polybutadiene elastomers is expected to have a significant growth rate during the forecast period owing to its durable nature in the manufacturing industries.
Global polybutadiene elastomers market is primarily driven by the perpetual applications, such as tire, polymer modification, chemical, industrial rubber manufacturing and others. Rapid growth in the tire industry is likely to aid polybutadiene elastomers market towards remarkable heights. Besides, another major driver for the polybutadiene elastomers market is the continuous expanding synthetic rubber industry, which are leveraging large investments for expanding production for polybutadiene. As far as the market opportunities are tallied, the global market for polybutadiene elastomers has lucrative demand for polybutadiene elastomers owing to the increasing manufacturing activities in Asia Pacific region. Also, growing demand for eco-friendly tiers has a huge market in the coming years whose growth is directly proportional to the current scenario of the market.
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The global polybutadiene elastomers can be segmented by product type, by applications and by region. On the basis of product type, the global polybutadiene elastomers market is segmented by high cis, low cis, high trans and high vinyl. On the basis of applications, the global polybutadiene elastomers market is segmented by tire manufacturing, polymer modification and industrial rubber manufacturing. The rapid growth in the automotive sector has a significant effect on the polybutadiene elastomers market, owing to the rising demand for efficient and effective materials for tire manufacturing. On the other hand, with advancement in the industrial automation industry, applications from polybutadiene elastomers is anticipated to gain traction in the coming years.
The global polybutadiene elastomers market can be segmented with respect to the regions, such as North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA (Middle East and Africa). South Asia is expected to have a significant market for polybutadiene elastomers owing to the rising demand for synthetic rubber in the various end-use industry. After South Asia, East Asia is the second largest market for polybutadiene elastomers owing to the requirements for advanced eco-friendly tires in the coming years. Also, MEA is expected to cater to untapped opportunities in the coming years with rapid urbanization and industrializations. Latin America market for polybutadiene elastomers is also surging at a considerable rate due to rapid economic growth, which results in large industrial applications in the future.
Prominent players in the global polybutadiene elastomers market are Lanxess, JSR Corporation, Synthos S.A., Reliance Industries Ltd., Kumho Petrochemical Co. Ltd., Saudi Arabia Basic Industries Corporation (SABIC), Versalis S.P.A, LG Chem Ltd., PJSC Sibur Holding, China Petroleum & Chemical Corporation (Sinopec), The Goodyear Tire & Rubber Company and LyondellBasell Industries. The other players are Evonik Industries, Trinseo, Ube Industriesm, Taiwan Synthetic Rubber Corporation (TSRC) and Nippon Soda Co. Ltd. The global players are expected to strengthen their market positions by offering loyalty schemes and competitive prices. Several small-sized players also have a presence in the polybutadiene elastomers market globally.
The global market for polybutadiene elastomers is fragmented in nature owing to the presence of large number of players in the market. The global polybutadiene elastomers market has lucrative opportunities for new entrants, which will cater to competitiveness in product offerings and also lead to the reduction in prices of the products.
The research report presents a comprehensive assessment of the polybutadiene elastomers market and contains thoughtful insights, facts and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The polybutadiene elastomers market report provides analysis and information, according to market segments such as geographies, application and industry.
The Polybutadiene elastomers report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Polybutadiene elastomers report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The Polybutadiene elastomers report also maps the qualitative impact of various market factors on market segments and geographies.
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Polybutadiene Elastomers Market Progress & Manufacturer Contribution Highlighted until 2029
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