The Polybutadiene (BR) Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Polybutadiene (BR) Global Market Report 2024, The polybutadiene (br) market size has grown strongly in recent years. It will grow from $21.44 billion in 2023 to $23.57 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to tire manufacturing, rubber goods production, adhesives and sealants, impact modifier.
The polybutadiene (br) market size is expected to see strong growth in the next few years. It will grow to $33.23 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to green and sustainable materials, automotive industry growth, tire industry innovations, advanced rubber goods. Major trends in the forecast period include bio-based polybutadiene, high cis polybutadiene, customized polymer blends, recycled polybutadiene.
Increased usage of polybutadiene in high-end tire manufacturing has contributed to the growth of the polybutadiene market. Nearly 70% of the world’s 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 widely used in the sidewall of truck tires to improve abrasion and reduce wear. 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.
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The polybutadiene (br) market covered in this report is segmented –
1) By Product Type: Solid Polybutadiene; Liquid Polybutadiene
2) By Sales: Online; Offline
3) By Industry Vertical: Tire; Automotive; Chemical; Industry Rubber Manufacturing: Other Industry Verticals
The polybutadiene (br) market report table of contents includes:
- Executive Summary
- Polybutadiene (BR) Market Characteristics
- Polybutadiene (BR) Market Trends And Strategies
- Polybutadiene (BR) Market – Macro Economic Scenario
- Global Polybutadiene (BR) Market Size and Growth
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- Global Polybutadiene (BR) Market Competitive Benchmarking
- Global Polybutadiene (BR) Market Competitive Dashboard
- Key Mergers And Acquisitions In The Polybutadiene (BR) Market
- Polybutadiene (BR) Market Future Outlook and Potential Analysis
- Appendix
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