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Chemical

Market for Polybutadiene Elastomers to Experience Significant Growth by 2028

Polybutadiene elastomers are synthetic rubber materials that are widely used in the manufacture of various products. They are produced by the polymerization of butadiene, a monomer that is derived from petroleum. Polybutadiene elastomers are known for their excellent mechanical properties, including high elasticity, good resistance to abrasion and impact, and low compression set. The global polybutadiene elastomers market is expected to grow significantly in the coming years, driven by increasing demand from various end-use industries such as automotive, construction, and consumer goods. The automotive industry is the largest consumer of polybutadiene elastomers, where they are used in the production of tires, belts, hoses, and other automotive components.

The construction industry is also a significant consumer of polybutadiene elastomers, where they are used in the manufacture of roofing materials, sealants, and adhesives. In addition, the increasing demand for consumer goods such as footwear, sports equipment, and electronics is expected to drive the growth of the polybutadiene elastomers market. The Asia-Pacific region is expected to dominate the polybutadiene elastomers market, due to the presence of a large number of automotive and consumer goods manufacturers in countries such as China, India, and Japan. North America and Europe are also significant markets for polybutadiene elastomers, due to the strong presence of automotive and construction industries in these regions.

Overall, the polybutadiene elastomers market is expected to grow at a steady pace in the coming years, driven by the increasing demand from various end-use industries and the growing trend towards the use of synthetic rubber materials in various applications.

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Key findings of the Polybutadiene Elastomers market study:

·         Regional breakdown of the Polybutadiene Elastomers market based on predefined taxonomy.

·         Innovative manufacturing processes implemented by Polybutadiene Elastomers vendors in detail.

·         Region-wise and country-wise fragmentation of the Polybutadiene Elastomers market to grasp the revenue, and growth outlook in these areas.

·         Changing preferences among consumers across various regions and countries.

·         Factors (Positive and Negative) impacting the growth of the global Polybutadiene Elastomers market.

·         Polybutadiene Elastomers price, market share, and Trends forecast for assessment period 2019-2029

Competitive landscape analysis

The market survey conducted by fact.mr offers key developments and challenges affecting the pharmaceutical industry, subsequently influencing demand and sales in the Polybutadiene Elastomers market. To study competitive trends across the industry, the report profiles some of the leading players operating in the Polybutadiene Elastomers market including

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.

Report benefits & key questions answered

·         Polybutadiene Elastomers historical market outlook: the market intelligence survey report discloses the demand and sales projections of Polybutadiene Elastomers over the last forecast period 2016 to 2020.

·         Post impact of covid on the Polybutadiene Elastomers market: the pharmaceutical industry has been largely influenced by covid-19 pandemic. The fact.mr market survey assesses how current trends that will influence expenditure on Polybutadiene Elastomers, thus affecting the market growth.

·         Polybutadiene Elastomers market trend analysis: the report provides in-depth overview of the past, recent, and upcoming trends in the Polybutadiene Elastomers market to assist the businesses to formulate their strategies for expansion.

·         Polybutadiene Elastomers category & segment level analysis: fact.mr’s category & segment level analysis provides insights into Polybutadiene Elastomers sales outlook on lucrative and nascent product types. The report assists the market players to identify potential remunerative segments and set sales targets at local, country, and regional level.

·         Polybutadiene Elastomers company & brand share analysis: the report discloses the competitiveness of the Polybutadiene Elastomers market and highlights the market share captured by tier 1, tier 2, and tier 3 players operating in the landscape.

Polybutadiene Elastomers Segmentation

The global polybutadiene elastomers can be segmented by 

  • product type
  • applications
  • region.

On the basis of product type, 

  • high cis
  • low cis
  • high trans
  • high vinyl

On the basis of applications, 

  • tire manufacturing
  • polymer modification
  • 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.