Polybutadiene (BR) Global Market To Reach Value Of About $24 Billion In 2025

29 Oct, 2021

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.

Global Polybutadiene (BR) Market Size And Drivers:

The global polybutadiene (BR) market is expected to grow from $17.16 billion in 2020 to $20.91 billion in 2021 at a compound annual growth rate (CAGR) of 21.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $23.79 billion in 2025 at a CAGR of 3%. Increased usage of polybutadiene in high-end tyre manufacturing contributed to the growth of the polybutadiene market.

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Trends In The Global Polybutadiene (BR) Market

Neodymium polybutadiene (ND-PBR) rubber production is an emerging trend in the polybutadiene rubber market. Neodymium is a catalyzed synthetic polybutadiene, which has high elasticity and is resistant to dynamic stress on both high and low temperatures. It is majorly used in the manufacturing of tires, conveyor belts, golf balls, footwear and others industry. For instance, Lanxess, a producer of neodymium polybutadiene rubber, is producing 0.14 million tonnes ND-PBR per year.

Global Polybutadiene (BR) Market Segments:
The global polybutadiene (BR) market is further segmented –
By Product Type: Solid Polybutadiene, Liquid Polybutadiene
By Application: Automotive, Chemical, Industrial, Others
By Sales: Online, Offline
By Industry Vertical: Tire, Automotive, Chemical, Industry Rubber Manufacturing - Others
By Geography: The global polybutadiene (BR) market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Polybutadiene (BR) Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides polybutadiene (BR) market overviews, analyzes and forecasts market size and growth for the global polybutadiene (BR) market, polybutadiene (BR) market share, polybutadiene (BR) market players, polybutadiene (BR) market segments and geographies, polybutadiene (BR) market’s leading competitors’ revenues, profiles and market shares. The polybutadiene (BR) market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.