Mar 27, 2020 SOURCE: BusinessWire

Polybutadiene Global Market Report 2020 - Players Featured Include LG Chem, Versalis and China Petroleum & Chemical Among Others - ResearchAndMarkets.com

The "Polybutadiene Global Market Report 2020" report has been added to ResearchAndMarkets.com's offering.

The global polybutadiene market was worth $22.68 billion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 7% and reach $29.72 billion by 2023.

The polybutadiene market has been geographically segmented into North America, Western Europe, Asia-Pacific, Eastern Europe, South America and Middle East & Africa. In 2019, Asia Pacific accounts for around 65% of the market and is forecasted to register the highest CAGR during 2019-2023.

Polybutadiene Market Global Report 2020 from the author provides the strategists, marketers and senior management with the critical information they need to assess the global polybutadiene market.

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The polybutadiene market consists of sales of polybutadiene and related services. Polybutadiene is a synthetic rubber that is formed from the polymerization process of the monomer 1,3-butadiene. Polybutadiene is abrasion-resistant and is used especially in the manufacture of tires, as an additive to improve the mechanical strength of plastics such as polystyrene and acrylonitrile butadiene styrene (ABS). Polybutadiene is also used to coat or encapsulate electronic assemblies, offering high electrical resistivity.

The polybutadiene market covered in this report is segmented by type into solid polybutadiene, liquid polybutadiene. It is also segmented by application into automotive, chemical, industrial, others.

Increased usage of polybutadiene in high-end tire manufacturing contributed to the growth of the polybutadiene market. Nearly 70% of world production of polybutadiene is used in tire manufacturing. After the curing process, BR possesses different properties such as abrasion resistance, poor wet traction and low rolling resistance because of its low glass transition temperature. It is also majorly used in sidewall of truck tires to improve abrasion and reduce wearing. For example, companies such as UBE industries manufacture BR, which is used in tires with premier physical properties such as rebound, tensile strength, heat buildup, and grades with excellent processability such as mixing, roll banding and extrusion.

In January 2019, Saudi Aramco, a Saudi Arabia-based energy and chemical company acquired Arlanxeo from LANXESS AG for $1.67 billion. The acquisition is expected to help Saudi Aramco in improving the fuel efficiency related with tire performance. Arlanxeo is a Netherlands-based synthetic rubber company that specializes in manufacturing synthetic rubbers and elastomer plastics such as polybutadiene/butadiene rubber (BR) that are supplied to tire manufacturers and automotive parts globally.

Major players in the market are LG Chem Ltd., Versalis S.P.A, China Petroleum & Chemical Corporation, JSR Corporation, Reliance Industries Limited, Lanxess AG, Kumho Petrochemical Co. Ltd., The Goodyear Tire & Rubber Company, UBE Industries, Ltd., Synthos S.A.

Key Topics Covered:

1. Executive Summary

2. Polybutadiene Market Characteristics

3. Polybutadiene Market Size And Growth

3.1. Global Polybutadiene Historic Market, 2015 - 2019, $ Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Polybutadiene Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Polybutadiene Market Segmentation

4.1. Global Polybutadiene Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion