Polybutadiene Rubber Market By Types (Solid Polybutadiene, Liquid Polybutadiene) By Application (Tires, Polymer Modification, Industrial Rubber Manufacturing, Chemicals, Others (sporting goods and footwear) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The global polybutadiene rubber market report explores the critical analysis of the polybutadiene rubber industry using key parameters. The report consists of investment strategies, the need for investments in the polybutadiene rubber industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the polybutadiene rubber industry and how economic and non-economic barriers are helping the polybutadiene rubber market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.


Key Highlights of the report

How are the major segments performing in the polybutadiene rubber market?

  • In 2021, the solid polybutadiene segment accounted for the largest share of the market as it is widely used in tire manufacturing.
  • In 2021, the tire segment was anticipated to hold a prominent share in the global polybutadiene rubber due to the growing automotive industry.

Which region dominated the polybutadiene rubber market?

In 2021, the North American region was anticipated to hold a prominent share in the global polybutadiene rubber market. The consumption in North America has largely been affected by the butadiene supply in this region. The demand in this region is expected to grow at a moderate pace due to production slowdown in the end-use industries. The polybutadiene capacity additions in US and Canada are expected to augment the market demand over the forecast period.

What is the competitive environment of the polybutadiene rubber market?

The polybutadiene rubber industry's competitive environment offers information on the total economic profit made by suppliers and businesses, the sales and revenues produced in this sector, the Polybutadiene Rubber market share globally, the business organization overview, the launch of new products, and the opportunities for the industrial Polybutadiene Rubber market. For instance, in February 2022, DuPont created a novel Ecoposit plastic metallization process that improves plating capabilities for complex parts. The product attacks polybutadiene areas via oxidization and forms caverns, enabling adhesion by mechanical anchoring plated metals. Furthermore, in February 2019, SIBUR established an investment project to improve polybutadiene rubber (Nd-BR) presentation efficiency at its Voronezh facility (Voronezhsintezkauchuk). The assignment aspires for a large-scale promotion to boost the operational efficiency of the extant facility and provide the presentation of invariably high-quality products. This project will allow SIBUR to deliver quality products with enhanced operational efficiency.

Executive Summary

What was the impact of the COVID-19 pandemic on the polybutadiene rubber market?

The COVID-19 pandemic negatively impacted the polybutadiene (butadiene rubber) market in several end-use industries, including aerospace, medical, automotive, and more. Due to supply chain disturbances such as raw material uncertainties or non-arrival, disrupted financial flows, and increasing absenteeism among production line staff forced OEMs to operate at zero or partial capacity, resulting in a lower need for polybutadiene products. The pandemic significantly affected the automotive industry due to the closure of non-essential businesses. Automotive production was disruptively halted as the demand gradually shrank. For instance, in a report published by the International Organization of Motor Vehicle Manufacturers, in 2020, global automotive production fell by 16 percent. With the impact of the COVID-19 pandemic, Toyota Motor Corporation's global vehicle production in 2020 was down 12.6 percent year over year. Due to this, the demand for tires was significantly reduced, which impacted the polybutadiene market revenue in 2020.

Which are the key investments by the players in the polybutadiene rubber industry market?

These players are immersed in platform expansion and strategic collaborations to extend their individual portfolios and acquire a robust footing in the global polybutadiene rubber market. In June 2019, A consortium of Petrojet and Saipem won a proposal to create the first polybutadiene rubber factory in Egypt and Africa. This project is worth USD 150 million and will be founded in the ETHYDCO complex in Alexandria with an annual capability of 36,000 tons. Furthermore, in June 2022, Evonik Industries AG launched a new range of almost entirely sustainable liquid polybutadienes, certified by the International Sustainability & Carbon Certification (ISCC). 

Some of the major players in the polybutadiene rubber market are ARALNXEO (Netherlands), UBE Industries Ltd (Japan), JSR Corporation (Japan), Kumho Petrochemical Co. Ltd (South Korea), Reliance Industries Ltd. (India), SABIC (Saudi Arabia), LG Chem Ltd (South Korea), Versalis SPA (Italy), PJSC SIBUR Holdings (Russia), Sinopec (China), and Kuraray Co. Ltd (Japan) 

What are the Major Driving Factors for the Polybutadiene Rubber Market?

The increasing usage of polybutadiene in different applications is anticipated to propel market growth. This is attributed to several advantages of polybutadiene rubber, a synthetic elastomer, periodically utilized in place of natural rubber owing to its extensive volume and low cost. Tires are the most typical polybutadiene rubber application and are utilized in treads and side walls. It is typically mixed with different elastomers, such as SBR and natural rubber, to enhance performance, including abrasion resistance, traction, and rolling. Different applications of polybutadiene contain golf ball cores, sandblasting inner hose tubes, and pneumatic and water hose covers. Plastics, especially High Impact Polystyrene (HIPS) and Acrylonitrile-Butadiene-Styrene (ABS), employ polybutadiene as a toughening agent.

What are the Major Risks for the Polybutadiene Rubber Market?

Concerns regarding environmental sustainability during the manufacturing of polybutadiene are a major factor expected to restrain the market growth. PBMs, such as polybutadiene, can be released from various sources during their lifespan. General littering, dumping of undesired waste products, migration from landfills, and emission during refuse collection are the main routes of introduction into the environment. PBMs are generally broken down in the environment by photodegradation processes. However, due to their complex chemical makeup, the recipient environment can be exposed to various macro and micro-sized polymer fragments, leached additives, and subsequent breakdown products. In the absence of sunshine, the degradation of most PBMs is minimal. Oceans have also been discovered as a key sink for macro PBMs, threatening marine life due to entanglement and ingestion. Hence, these environmental factors are expected to restrain market revenue growth.

Which is the key application in the polybutadiene rubber market?

During the forecast period, the tire segment is anticipated to maintain a prominent market share in the global polybutadiene rubber. This is attributed to the growing automotive industry, improving tire demand. Polybutadiene is broadly utilized to manufacture tires as it has superior abrasion opposition and rolling resistance owing to its low glass transition temperature. As per the data published by OICA, global automotive production dropped by around 5.2% and reached 91.78 million in 2019. In 2019 car sales decreased by approx 3 million. In the preferably six months of 2020, automobile production noticed a massive global downfall due to COVID-19. In 2020, according to OICA, the global automotive presentation in the foremost quarter was approximately 17,860 thousand units, in the second quarter was approximately 31,133 thousand units and in the third quarter was 52,009 thousand units, decreasing about 23.1%, 32.4%, and 22.9% respectively, from the previous year at the same time.

How is the polybutadiene rubber market performing in regions?

Due to significant petrochemical companies, North America is anticipated to dominate the polybutadiene market. Furthermore, the advancement in the downstream industry will additionally encourage the growth of the polybutadiene market in the region during the forecast period. The feedstock butadiene stayed in high demand, owing to its flexibility for applications in different important polymers and elastomers. Inflationary pressure for downstream butadiene enlargements by growing crude oil and natural gas prices. As the requirement for replacement tires in the US increases, so does consumption from the tire sector.

Furthermore, the Asia Pacific market is anticipated to hold the largest revenue share in the global polybutadiene market during the forecast period. This is due to comprehensive growth in tire manufacturing and enormous demand for polybutadiene as an influence modifying agent in different polymer industries. Polybutadiene rubber prices in India expanded by 2.5% in February 2022 to INR 1,76,660 per MT (USD 2,303.05 per MT) in the first week of March 2022. Polybutadiene rubber imports from South Korea and further countries have also been costly, preserving strong price dynamics in the region's domestic market. Hence, all of these elements are responsible for driving the market revenue growth of the region during the forecast period.

What is the regulatory landscape for the Polybutadiene Rubber market?

In China, decision-makers examine payments for ecosystem benefit schemes to determine these tensions. This research project was requested to report the political debate as an element of policy development. Agent-based simulations displayed depraved outcomes of payments for ecosystem benefits intended to facilitate the conversion of monoculture rubber into agroforestry rubber. As an outcome of this modeling-based industry, managing agencies have fixed earlier prepared payment schemes and reviewed the importance of monitoring and regulatory approaches.

What is the Market Size of Polybutadiene Rubber regarding value?

The global polybutadiene rubber market is anticipated to grow at a substantial CAGR of 4.50% in the upcoming years. The global polybutadiene rubber industry was estimated to be worth USD xx million in 2021 and was expected to be worth USD xx million by 2028.

What are the major players planning for the future of the polybutadiene rubber market?

Growing regional existence and investment in downstream applications are anticipated to deliver a competitive edge in the market. Presentation of high-value outcomes, such as solvents and rubbers utilized in applications other than tire manufacturing, such as fuels and surface sealants, is anticipated to be the primary strategy. Companies such as Trinseo and Synthomer PLC have acquired adhesives and sealants manufacturers to expand their business and improve the demand for polybutadiene-based solvents. 

Segmentation of Global Polybutadiene Rubber Market-

Global Polybutadiene RubberMarket – By Types

  • Solid Polybutadiene
  • Liquid Polybutadiene

Global Polybutadiene RubberMarket – By Application

  • Tires
  • Polymer Modification
  • Industrial Rubber Manufacturing
  • Chemicals
  • Others (sporting goods and footwear)

Global Polybutadiene RubberMarket – By Region

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global polybutadiene rubber market

COVID-19 has had a significant impact on the market during the first wave, with countries across the globe implementing total lockdowns and restricting the movement of people and goods.

North America accounted for the most heightened share in the global polybutadiene rubber market.

The rise in demand for synthetic rubber can be attributed to the increasing usage of polybutadiene rubber in several applications owing to its multiple benefits.

The solid polybutadiene rubber segment had a major share in the global market in 2021.

The tire segment had a major share in the global market in 2021and is anticipated to continue during the forecast period.

Polybutadiene Rubber Market Scope

Report Attribute Details
Market Value in 2021 USD xx million
Market Value in 2028 USD xx million
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Published Date:  Oct 2022
Category:  Advanced Materials
Report ID:   60698
Report Format:   PDF
Pages:   120
Rating:    4.6 (50)
Delivery Time: 24 Hours to 48 Hours   
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