The Global Polybutadiene Market is poised to grow at a CAGR of around 6.1% over the next decade to reach approximately $15.18 billion by 2025. Some of the prominent trends that the market is witnessing include soaring demand for synthetic rubber in tire manufacturing, growing demand from the automotive industry and rise in adoption of polybutadiene across various industries.
Based on type the market is categorized into solid polybutadiene rubber and liquid polybutadiene rubber. Furthermore, solid polybutadiene rubber divided into high CIS polybutadiene, low CIS polybutadiene, high vinyl polybutadiene and high Trans polybutadiene. By application the market is segmented into tire manufacturing, Chemical, Polymer Modification, Industrial Rubber Manufacturing and Other applications.
The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.
Soaring demand for synthetic rubber in tire manufacturing
Growing demand from the automotive industry
Rise in adoption of polybutadiene across various industries