Some of the noticeable trends that the global solid polybutadiene market is seeing include rising demand for synthetic rubber in the tire manufacturing industry, increasing demand from the automotive industry, and growth in adoption of solid polybutadiene across numerous end-use industries.
Adroit Market Research study on the global market for Solid Polybutadiene offers a holistic view of the industry from 2020 to 2028 as a forecast period, including factors such as market drivers, limitations, opportunities, threats, and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players based on their product range, regional presence, strategic initiatives, and overall sales. Prominent players in the global Solid Polybutadiene market have been analyzed in depth.
Based on the type, the high cis derivative is anticipated to attain lion’s market share in terms of revenue registering constant progress owing to compact demand from the tire manufacturing industry. 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.
Based on the region, 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 key players of global Solid Polybutadiene market report include - ARALNXEO, JSR Corporation, UBE Industries Ltd, Kumho Petrochemical Co. Ltd, SABIC, LG Chem Ltd, Reliance Industries Ltd., Versalis SPA, Sinopec, PJSC SIBUR Holdings, and Kuraray Co. Ltd.
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