The global Solid Polybutadiene market worth USD 17.2 billion by 2028, growing at a CAGR of 5.7%
Solid polybutadiene extensively used in the tire manufacturing industry. The consumption of solid polybutadiene rubber in applications for example sporting goods, footwear products, polymer modification, and industrial rubber goods manufacturing is propelling the demand for its consumption. The increasing demand for enhanced performance and low rolling-resistance tires is anticipated to offer lucrative growth opportunities for the global solid polybutadiene market.
The report aims to estimate the size of the market for Solid Polybutadiene and the future growth potential of the market for Solid Polybutadiene across various segments, such as type and application industry and the area.
The base year considered for the analysis is 2019 and from 2020 to 2028 the market size is estimated. The Asia Pacific is estimated to attain a major revenue share for the global solid polybutadiene market in the given timeframe. The target market is predominantly driven by the huge demand from the end use industries such as automotive industry. Moreover, China is also estimated to increase the demand for solid polybutadiene in the given timeframe. Growing disposable income, low labor costs, massive consumer base, increasing urban population, and easy obtainability of raw materials are enticing global automobile companies to shift their production facilities to the Asia Pacific region, consequently, generating a high demand for solid polybutadiene in this region. The base year considered for the report is 2019, whereas the forecast period considered for the report is 2020–2028.
The tire manufacturing industry is intensifying due to the immense growth in the automotive industry. It is estimated to attain a major market share in the overall solid polybutadiene market. Moreover, this segment is assessed to grow considerably in the coming years. Solid polybutadiene is extensively used in tire manufacturing owing to its hardiness, cold resistance, good abrasion resistance, tear resistance, high resilience, high tensile strength, and durability.
Solid Polybutadiene Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 17.2 billion|
|Growth Rate||CAGR of 5.7% during 2021-2028|
|Segment Covered||By Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||ARLANXEO, JSR Corporation, UBE INDUSTRIES,LTD., KUMHO PETROCHEMICAL., The Goodyear Tire & Rubber Company, SABIC, Reliance Industries Limited, Versalis, Sibur, China Petroleum & Chemical Corporation., Synthos, Cray Valley, ZEON CORPORATION, Evonik Industries, TSRC, NIPPON SODA CO., LTD., FIRESTONE POLYMERS LLC, Mitsubishi Corporation, PetroChina Company Limited, PJSC "Nizhnekamskneftekhim”.,|
Key Segments of the Global Solid Polybutadiene Market
Type Overview, 2018-2028 (USD Million)
- High Cis
- Low Cis
- High Trans
- High Vinyl
Application Overview, 2018-2028 (USD Million)
- Polymer Modification
- Industrial Rubber Manufacturing
- Others (sporting goods and footwear)
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America
Important Companies in Global Solid Polybutadiene market
- UBE Industries Ltd
- JSR Corporation
- Kumho Petrochemical Co. Ltd
- Reliance Industries Ltd.
- LG Chem Ltd
- Versalis SPA
- PJSC SIBUR Holdings
- Kuraray Co. Ltd
- Beacon Organosys
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of Solid Polybutadiene Market Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on Solid Polybutadiene Market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the chemical industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on type and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global Solid Polybutadiene Market. The report will benefit every stakeholder involved in the Solid Polybutadiene Market.
- Managers within the chemical industry looking to publish recent and forecasted statistics about Solid Polybutadiene Market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global Solid Polybutadiene Market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.