Chemical and Material Liquid Polybutadiene Market | Page 2

Liquid polybutadiene Market – Market Overview
Polybutadiene is a polymer based synthetic rubber formed by the polymerization of 1, 3-butadiene
linkage. It is highly resistant to wear and tear, which enable its application in manufacturing tire,
protective films and other coating products. Apart from this, it is also used as an additive in vast
number of plastics such as polystyrene and acrylonitrile butadiene styrene (ABS)The major
applications of liquid polybutadiene includes bumpers, side wall of tires, rim cushion, golf balls and
bead filler, among others. Moreover, due to the excellent electrical insulation properties and high cold
resistance by keeping good flexibility at low temperature, it is suitable in electrical component parts.
The global liquid polybutadiene market is projected to reach USD 3,776.5 million till 2023, expanding
at CAGR of 4.85% during review period. The primary factor favoring this growth is an increasing
demand of the product from transportation sector. The tire manufacturing segment holding the largest
market share, as of 2016 and is growing at a highest CAGR of 5.31% during the forecast period.
During the years to follow, this segment is anticipated to remain dominant due to the rise in demand
from automotive industry. Regionally, Asia Pacific held the largest market share in 2016, and is
growing at the highest CAGR of 5.34% to reach USD 1,483.2 million by the end of 2023. The major
factor favoring growth of this region is the rapid industrialization, along with presence of considerable
number of producers coupled with cheap labor cost. However, the fluctuations in the raw material
prices is anticipated to hamper market growth.
Key Players:
Kuraray Co. Ltd (Japan), SIBUR International GmbH (Austria), Idemitsu Kosan Co.,Ltd. (Japan),
Versalis S.p.A (Italy), Evonik Industries AG (Germany), Cray Valley (France), and NIPPON SODA
CO., LTD (Japan) are some of the prominent players at the forefront of competition in the global liquid
polybutadiene market and are profiled in MRFR Analysis.
Liquid polybutadiene Market- Competitive Landscape
The global bioresorbable chemical market is witnessing rapid growth primarily driven by growing
consumer awareness and rising global sentiments in favor of environmental. Kuraray Co. Ltd., Evonik
Industries AG, Versalis S.p.A are the key players in this market. These manufacturers are engaged in
adopting the collaboration tactics and launch of new products to have substantial share in the market
and meet the growing demand form major end users. Growing transportation sector, and continuous