Global Polybutadiene Market Size Study, by Type (Solid Polybutadiene (High Cis, Low Cis, High Trans, High Vinyl), Liquid Polybutadiene), by Application (Tires, Polymer Modification, Industrial Rubber, Chemical), and Regional Forecasts 2022-2032

Description

The Global Polybutadiene Market is projected to witness transformative growth, ascending from a valuation of approximately USD 18.11 billion in 2023 to an impressive USD 57.97 billion by 2032, at a compound annual growth rate (CAGR) of 13.80% during the forecast period. Polybutadiene, a highly versatile synthetic polymer, stands as a cornerstone material in a spectrum of industrial applications due to its superior elasticity, abrasion resistance, and durability. These properties position it as an essential component in industries like tire manufacturing, polymer modification, industrial rubber production, and chemical applications.

The growing demand for high-performance tires is a prominent driver in this market. With automotive manufacturers emphasizing fuel efficiency and durability, the adoption of high-cis solid polybutadiene for its enhanced wear resistance has become widespread. Simultaneously, liquid polybutadiene's usage in adhesives and coatings reflects a shift toward materials that deliver both performance and cost-effectiveness. However, market participants face challenges such as fluctuations in raw material prices and regulatory pressures regarding synthetic polymer usage. Nonetheless, advancements in eco-friendly production technologies and increasing investments in research are set to unlock new growth avenues.

Regionally, the Asia-Pacific region dominates the global polybutadiene market, buoyed by rapid industrialization and a thriving automotive sector in key economies like China and India. North America follows closely, supported by technological innovations in polymer modification and robust demand from industrial applications. Europe, characterized by stringent environmental regulations, has been fostering the adoption of sustainable polybutadiene solutions, showcasing steady market progression.

Major market players included in this report are:

Goodyear Tire & Rubber Company
Bridgestone Corporation
SABIC
LG Chem
Kumho Petrochemical Co., Ltd.
UBE Industries, Ltd.
JSR Corporation
Reliance Industries Limited
Sinopec
Trinseo S.A.
LANXESS AG
Evonik Industries AG
Versalis S.p.A.
Asahi Kasei Corporation
Synthos S.A.

The detailed segments and sub-segments of the market are explained below:

By Type:

Solid Polybutadiene:

High Cis
Low Cis
High Trans
High Vinyl

Liquid Polybutadiene

By Application:

Tires
Polymer Modification
Industrial Rubber
Chemical

By Region:

North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Key Takeaways:

Extensive market size estimates and forecasts from 2022 to 2032.
Comprehensive segmentation covering type and application.
Detailed analysis of regional trends and country-specific data.
Competitive landscape showcasing major players and strategic initiatives.
Insights and actionable recommendations for stakeholders to optimize strategies in the evolving market landscape.

Chapter 1. Global Polybutadiene Market Executive Summary

1.1. Global Polybutadiene Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Polybutadiene Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Polybutadiene Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing Demand for High-Performance Tires
- 3.1.2. Increasing Adoption of Liquid Polybutadiene in Adhesives and Coatings
- 3.1.3. Advancements in Eco-Friendly Production Technologies
3.2. Market Challenges
- 3.2.1. Volatility in Raw Material Prices
- 3.2.2. Stringent Regulatory Pressures on Synthetic Polymers
3.3. Market Opportunities
- 3.3.1. Technological Innovations in Polymer Modification
- 3.3.2. Expansion into Emerging Markets
- 3.3.3. Development of Sustainable Polybutadiene Solutions

Chapter 4. Global Polybutadiene Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Polybutadiene Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Polybutadiene Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Solid Polybutadiene (High Cis)
- 5.2.2. Solid Polybutadiene (Low Cis)
- 5.2.3. Solid Polybutadiene (High Trans)
- 5.2.4. Solid Polybutadiene (High Vinyl)
- 5.2.5. Liquid Polybutadiene

Chapter 6. Global Polybutadiene Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Polybutadiene Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Tires
- 6.2.2. Polymer Modification
- 6.2.3. Industrial Rubber
- 6.2.4. Chemical

Chapter 7. Global Polybutadiene Market Size & Forecasts by Region 2022-2032

7.1. North America Polybutadiene Market
- 7.1.1. U.S. Polybutadiene Market
  - 7.1.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.3. End Use Industry Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Polybutadiene Market
  - 7.1.2.1. Type Breakdown Size & Forecasts, 2022-2032
  - 7.1.2.2. Application Breakdown Size & Forecasts, 2022-2032
  - 7.1.2.3. End Use Industry Breakdown Size & Forecasts, 2022-2032
7.2. Europe Polybutadiene Market
- 7.2.1. UK Polybutadiene Market
- 7.2.2. Germany Polybutadiene Market
- 7.2.3. France Polybutadiene Market
- 7.2.4. Spain Polybutadiene Market
- 7.2.5. Italy Polybutadiene Market
- 7.2.6. Rest of Europe Polybutadiene Market
7.3. Asia-Pacific Polybutadiene Market
- 7.3.1. China Polybutadiene Market
- 7.3.2. India Polybutadiene Market
- 7.3.3. Japan Polybutadiene Market
- 7.3.4. Australia Polybutadiene Market
- 7.3.5. South Korea Polybutadiene Market
- 7.3.6. Rest of Asia Pacific Polybutadiene Market
7.4. Latin America Polybutadiene Market
- 7.4.1. Brazil Polybutadiene Market
- 7.4.2. Mexico Polybutadiene Market
- 7.4.3. Rest of Latin America Polybutadiene Market
7.5. Middle East & Africa Polybutadiene Market
- 7.5.1. Saudi Arabia Polybutadiene Market
- 7.5.2. South Africa Polybutadiene Market
- 7.5.3. Rest of Middle East & Africa Polybutadiene Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Goodyear Tire & Rubber Company
- 8.1.2. Bridgestone Corporation
- 8.1.3. SABIC
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Goodyear Tire & Rubber Company
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Bridgestone Corporation
- 8.3.3. SABIC
- 8.3.4. LG Chem
- 8.3.5. Kumho Petrochemical Co., Ltd.
- 8.3.6. UBE Industries, Ltd.
- 8.3.7. JSR Corporation
- 8.3.8. Reliance Industries Limited
- 8.3.9. Sinopec
- 8.3.10. Trinseo S.A.
- 8.3.11. LANXESS AG
- 8.3.12. Evonik Industries AG
- 8.3.13. Versalis S.p.A.
- 8.3.14. Asahi Kasei Corporation
- 8.3.15. Synthos S.A.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes