Polybutadiene Rubber Market Prominent Players and Regional Analysis
The global polybutadiene rubber market is anticipated to grow at a higher CAGR of 5.82% during the forecast period. Polybutadiene Rubber Market is driven by increase in demand for synthetic rubber in automobile tires. The global polybutadiene rubber market is anticipated to grow at a higher CAGR of 5.82% during the forecast period. Primary producers of natural rubber are Thailand, Indonesia, Africa, Latin America, Brazil, Cambodia, Sri Lanka and India; while synthetic rubbers have a great demand and have replaced natural rubbers in the commercial space.
Polybutadiene rubber implies synthetic one manufactured through routes of catalytic dehydrogenation of butanes and catalytic dehydrogenation of butane. It is produced from free radical emulsions using alkali methyl solution and transition metal coordination solution processes. Mostly, solution based processes are followed during production.
Polybutadiene Rubber Market is driven by increase in demand for synthetic rubber in automobile tires. Features such as abrasion resistance, cold resistance, high tensile strength and durability have enabled a significant traction for the market growth. Apart, a major trend in the market is increase in demand for bio feedstock and its uses for production of synthetic rubber. In addition, the production of rubber is increasing rapidly due to sustainability.
Polybutadiene market is segmented by application as automotive tires, golf ball, and plastics. Automotive tires account for a significant market share due to tremendous demand for tires on a global scale. The market is geographically segmented as North America, South America, Europe, Asia-Pacific, Middle East and Africa. Middle Eastern and African markets are expected to gain a significant CAGR during the forecast period. Presence of manufacturing units and marketing activities have enabled robust market growth for APAC regions. China is a huge market in APAC sector owing to continuous rise in vehicle sales. Japan is one of the larger markets for tires and golf ball manufacturing.
North American and European markets are anticipated to grow higher as the market is in the matured stages followed by a high demand for polybutadiene rubber for automotive sector and manufacture of golf ball. The key players profiled in the polybutadiene rubber market report are Kumho Petrochemical, JSR, Lanxess, Sibur, Versalis, Goodyear, Cooper Tires, and Pro-Line.
Firma: Million Insights
Ansprechpartner: Tom Clark
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