What Has Been the Progress and Growth of the Polybutadiene BR Market in Recent Years?
The polybutadiene br market has seen considerable growth due to a variety of factors.
• In recent times, the polybutadiene (BR) market has seen a swift expansion. The market size is predicted to rise from $24.12 billion in 2024 to $26.67 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 10.6%.
Factors like tire production, rubber goods manufacturing, as well as the production of adhesives, sealants, and impact modifiers have contributed to the growth observed in the past years.
How Does the Forecast Look for the Polybutadiene BR Market?
The polybutadiene br market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, it's anticipated that the polybutadiene (BR) market will experience significant expansion, with its value projected to reach $37.53 billion in 2029, displaying a compound annual growth rate (CAGR) of 8.9%.
This acceleration in growth during the forecast period is due to factors such as the rise of green and sustainable materials, the expansion of the automotive sector, innovations in the tire industry, and advancements in rubber goods production. Key trends to watch for during this period are bio-based polybutadiene, high cis polybutadiene, customised polymer mixtures, and repurposed polybutadiene.
What Are The Leading Drivers Of Growth In The Polybutadiene BR Market?
The growth of the polybutadiene market has been influenced by its extensive use in sophisticated tire manufacturing. Approximately 70% of the global polybutadiene production is consumed by the tire-making industry. Once cured, BR exhibits various characteristics including resistance to abrasion, low wet traction, and reduced rolling resistance, due to its low glass transition temperature. Its use is prevalent in the sidewalls of truck tires to enhance abrasion resistance and minimize wear. Companies like UBE Industries, for instance, produce BR for tires. It offers superior physical qualities such as rebound, tensile strength, heat build-up, along with grades that show outstanding processability including mixing, roll banding, and extrusion.
How Are The Segments Defined Within The Global Polybutadiene BR Market?
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
Subsegments:
1) By Solid Polybutadiene: High-cis Polybutadiene, Low-cis Polybutadiene, Medium-cis Polybutadiene
2) By Liquid Polybutadiene: Hydrogenated Liquid Polybutadiene, Non-Hydrogenated Liquid Polybutadiene
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What Trends Are Reshaping The Future Of The Polybutadiene BR Market?
The production of Neodymium polybutadiene (ND-PBR) rubber represents a growing trend in the polybutadiene rubber market. Known to be a synthetically catalyzed form of polybutadiene, Neodymium boasts the properties of robust elasticity and resistance to dynamic stress across both high and low temperature ranges. It plays a major role in tire manufacturing, conveyor belts, golf balls and footwear production, among other areas. For example, Lanxess, a recognized producer of neodymium polybutadiene rubber, is currently outputting 0.14 million tons of ND-PBR annually.
Who Are the Key Players In The Polybutadiene BR Market?
Major companies operating in the polybutadiene (BR) market include:
• LG Chem Ltd.
• Versalis SPA
• China Petroleum & Chemical Corporation
• JSR Corporation
• Reliance Industries Limited
• Lanxess AG
• Kumho Petrochemical Co. Ltd.
• Goodyear Tire & Rubber Company
• UBE Industries Ltd.
• Synthos SA
• Evonik Industries AG
• LyondelBasell Industries NV
• Zeon Corporation
• Nizhnekamskneftekhim
• Firestone Polymers LLC
• SIBUR International GmbH
• Arlanxeo
• China National Petroleum Corporation
• PetroChina Company Limited
• Formosa Petrochemical Corporation
• Indian Synthetic Rubber Limited
• Asahi Kasei Corporation
• Sumitomo Chemical Co. Ltd.
• Saudi Aramco
• Saudi Arabia's Basic Industries Corporation
• Kuraray Co. Ltd.
What Is The Most Dominant Region In The Polybutadiene BR Market?
Asia-Pacific was the largest region in the polybutadiene (BR) market in 2023. Western Europe was the second-largest region in the global polybutadiene (br) market. The regions covered in the polybutadiene (BR) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
