Polybutadiene Industry Market Research Report

”polybutadiene

Introduction

Polybutadiene (PBT) is a semi-crystalline thermoplastic polymer with a number of applications including elastomers, thermoplastic composites, and rubber/plastic products. The market for PBT is growing at a CAGR of
6.9% from 2017 to 202
3. This report covers the market size and growth prospects for PBT elastomers. The market for PBT elastomers is growing at a CAGR of
6.9% from 2017 to 202
3. Market Segmentation The market for PBT elastomers is segmented on the basis of type, application, and region. Type PBT elastomers are segmented into natural and synthetic. The market for natural PBT elastomers is expected to grow at a higher rate than the synthetic PBT elastomers due to the environmental concerns over the use of synthetic polybutadiene. Application PBT elastomers are used in various end-use applications such as automotive, electrical and electronic, aerospace, and construction. Region The global market for PBT elastomers is divided into North America, Europe, Asia Pacific, and Latin America. North America is expected to be the largest market for PBT elastomers followed by Europe. Asia Pacific is expected to be the fastest growing region for PBT elastomers.

Market Dynamics

. The polybutadiene market is expected to grow at a CAGR of XX% during the forecast period. The market is dominated by the production of engineering polybutadiene, which is used in various applications such as automotive components, containers, and medical devices. The production of ethylene-propylene diene monomer (EPDM) is also on the rise, owing to its properties such as low oil content and resistance to degradation. Rising awareness about the environmental impact of products and increasing demand from the automotive industry are other factors that are contributing to the growth of the polybutadiene market.

Market Drivers

The global polybutadiene market is expected to grow at a CAGR of XX% over the projected period of 2023-2030. Some of the factors that are expected to contribute to this growth include the increasing demand from the automotive industry for polybutadiene rubber products, the growth of the renewable energy sector, and the increasing popularity of bio-based materials. Some of the key players in the global polybutadiene market are BASF SE, DowDuPont, ExxonMobil, and INEOS. These companies are engaged in manufacturing and selling polybutadiene products across various segments, including automotive, industrial, and renewable energy.

Market Restraints

and Opportunities. The polybutadiene market is projected to grow at a CAGR of XX% between 2018 and 2030, owing to the increasing demand from the automotive and manufacturing industries. However, the market is restrained by various factors, such as the high cost of raw materials, limited production capacity, and stringent environmental regulations. The polybutadiene market is expected to be dominated by the Asia-Pacific region, followed by North America, Europe, and Latin America. China is expected to be the largest consumer of polybutadiene in the Asia-Pacific region, followed by India and Japan. The key players in the polybutadiene market are BASF SE (Germany), DuPont Performance Polymers (US), Mitsubishi Chemical Corp. (Japan), and SABIC SDN BHD (Saudi Arabia).

Market Opportunities

, Challenges, and Future Outlook The global polybutadiene market is expected to grow at a CAGR of XX% from 2018 to 2030. The market is expected to be dominated by the production of butadiene-based polymers, followed by the production of acrylonitrile-butadiene-styrene (ABS) polymers. The market opportunities include the development of new applications for polybutadiene, increasing demand for butadiene-based polymers, and growing demand for ABS polymers. The market challenges include low oil prices, high production costs, and limited availability of raw materials. The future outlook includes the growth of the butadiene-based polymers segment, the development of new applications for polybutadiene, and increasing demand for ABS polymers.

Market Challenges

The industry is facing several market challenges, such as increasing environmental concerns, increasing price volatility, and limited availability of raw materials. The environmental concerns include the potential for polybutadiene to release harmful chemicals into the environment. The price volatility is due to fluctuations in the global markets for polybutadiene. The limited availability of raw materials, such as butadiene, is a challenge because it increases the price of polybutadiene.

Market Growth

The global polybutadiene market was valued at $XX Billion in 2017 and is expected to grow at a CAGR of XX% over the next ten years. The market is expected to be dominated by the Asia Pacific region, followed by Europe and North America. The Asia Pacific region is estimated to account for the largest share of the market in terms of revenue, followed by Europe. The key factors driving the growth of the polybutadiene market include increasing demand from the automotive and construction industries, growing awareness about environmental benefits associated with polybutadiene, and increasing adoption of biodegradable products.

Key Market Players

1. ABB
2. BASF
3. Chevron Phillips Chemical
4. DuPont
5. ExxonMobil
6. GE Oil & Gas
7. Hoechst AG
8. Ineos
9. JX Nippon Oil & Gas Corporation Ltd.
10. Mitsubishi Chemical Corporation
1
1. Murphy Oil Corporation
1
2. PTTEP Plc
1
3. Royal Dutch Shell plc
1
4. SABMiller plc
1
5. Tenneco Incorporated

Market Segmentation

The global polybutadiene market is segmented on the basis of application, geography, and end-user. On the application side, the market is segmented into adhesives, sealants, and coatings. Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. On the end-user side, the market is segmented into automotive, construction, chemicals and plastics, electrical and electronic products, aerospace and defense, and others. The automotive segment is expected to be the largest end-user segment of the polybutadiene market in terms of revenue in 2030. The construction segment is expected to be the fastest-growing end-user segment of the polybutadiene market during the forecast period. The key players in the global polybutadiene market are BASF SE (Germany), Saint-Gobain Performance Plastics (France), Dow Chemical Company (U.S.), Exxon Mobil Corporation (U.S.), The ChemChina Group (China), Mitsubishi Rayon Co., Ltd. (Japan), and INEOS Plc. (U.K.).

Recent Developments

The polybutadiene market is expected to grow at a CAGR of XX% during the forecast period. Some of the reasons for this growth include increasing demand from the automotive and construction industries. Some of the key players in the polybutadiene market include BASF SE, Exxon Mobil Corporation, and DowDuPont Inc.

Conclusion

The polybutadiene market is expected to grow at a CAGR of XX% from 2016 to 2030. This is due to the increasing demand for flexible and durable polymers. The market is segmented by application, with automotive and construction being the dominant segments.

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