Polybutadiene Market to Suffer Slight Decline in 2020 | Efforts to Mitigate Coronavirus-related Disruptions Ramp Up

The Global Polybutadiene Market is forecast to reach USD 16.44 Billion by 2027, according to a new report by Reports and Data. Polybutadiene or polybutadiene rubber (PBR) is one of the most used synthetic elastomers which has quite similar properties like natural rubber or polyisoprene. Polybutadiene is suitable for end-uses with high exposure to low temperatures. Polybutadiene is the second-largest synthetic elastomer after styrene-butadiene rubber (SBR) by the volume of consumption globally. High resilience than, high impact resistance, low hysteresis loss, and high abrasion resistance are some of the properties of this elastomer, which are more prominent than the similar natural rubbers.

This report covers the recent COVID-19 incidence and its impact on Polybutadiene Market. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

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Asia Pacific region is forecasted to grow with the highest CAGR of 6.1% in the period 2019 – 2027, owing to high market penetration of the green tires coupled with the extensive demand for this chemical compound as an impact modifier in various polymer industries, especially in regions like India and China.

Companies considered and profiled in this market study

The Goodyear Tire & Rubber Company, JSR Corporation, Synthos S.A., Reliance Industries Limited, LyondellBasell Industries N.V., LG Chem Ltd., Versalis S.P.A., Ube Industries, Ltd., Kumho Petrochemical Co., Ltd., and Mitsubishi Corporation, among others.

For the purpose of this report, Reports and Data have segmented the global Polybutadiene market on the basis of the end-use, sales channel, applications, and region:

Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)

• High Cis Polybutadiene
• Low Cis Polybutadiene
• High Trans Polybutadiene
• High Vinyl Polybutadiene
• Others

Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)

• Online Retailing
• Offline Retailing

Applications Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)

• Tire Manufacturing
• Polymer Impact Modification
• Industrial Rubber
• Chemical Industry
• Others

Regional Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)

• North America
• Europe
• Asia Pacific
• MEA
• Latin America

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Further key findings from the report suggest

• The transition metal catalysts produce a high stereo-regular form of polybutadiene with one main polymer chain on the same side of carbon-carbon double bond in the structure. High cis polybutadiene typically consists of nearly 94% of cis content which provides higher strength and increases cut growth resistance in the cured product. This high cis polybutadiene is projected to get the highest growth of 6.1% due to the higher inclination towards the green tires worldwide.

• Growing penetration of online retailing businesses for chemicals and materials, especially in the emerging nations from Asia Pacific, is helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. Also, due to the non-involvement of distributors in the supply chain model, the profit margin is way more than that of the offline retailing sub-segment. The online retailing is expected to gain a market share of 34.1% by 2027.

• Europe would reach a market share of 20.5% by 2027 and would grow at a CAGR of 4.9% in the forecast period. Netherland and Germany have some of the valuable players in this region.

• North America is forecasted to witness significant growth in the overall market, with 25.7% of market possession by 2027 and CAGR of 5.8% during the forecast period. The US possesses the highest market sharein this region and some of the vital player in the market.

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