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Report Overview
The global polybutadiene market stood at a value of USD 7.61 Billion in 2024 and expected to grow at a CAGR of 4.20% in the forecast period of 2025-2034 to attain a value of USD 11.48 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
- Polybutadiene is a crucial component in the manufacturing of synthetic rubber used in tyres, which are critical to the automotive manufacturing process. In 2022, 85.4 million motor vehicles were manufactured globally, witnessing a year-on-year surge of 5.7%. As automotive production increases and the global vehicle fleet expands, there is a rising demand for high-performance and replacement tyres, hence boosting the usage of polybutadiene.
- Key players are extensively investing in expanding their production capacity to meet the growing demand for polybutadiene in tyre and non-tyre applications (paints, coatings, adhesives, and sealants, among others). For instance, in January 2024, Evonik commenced the expansion of its POLYVEST® HT (hydroxyl-terminated polybutadienes (HTPB)) plant in Marl, Germany, to meet its growing demand in adhesives and sealant applications.
- Increasing research and development activities to create new types of polybutadiene with advanced properties like improved strength, elasticity, and resistance to heat and abrasion are expected to drive the polybutadiene market development in the forecast period.
Compound Annual Growth Rate
Value in USD Billion
4.2%
2025-2034
Polybutadiene Market Outlook
*this image is indicative*
Increasing Demand for High CIS Polybutadiene to Augment the Growth of the Global Polybutadiene Market
Based on product, the high CIS polybutadiene segment is predicted to hold a substantial market share in the polybutadiene market. This growth can be attributed to the high green strength and cut growth resistance properties exhibited by high cis polybutadiene. In addition, the heightened application of high cis polybutadiene in tyre manufacturing is also expected to positively impact the market growth. Moreover, the low vinyl content makes the high cis polybutadiene material ideal for golf ball cores manufacturing.
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Key Trends and Developments
Growing demand for tyres; increasing application of acrylonitrile-butadiene-styrene resin (ABS); surging infrastructural development activities; and rising emphasis on sustainability are favouring the polybutadiene market expansion.
Rising demand for tyres
Polybutadiene is widely used in treads and sidewalls of tyres due to its low rolling resistance and excellent wear and abrasion resistance. Hence, rising sales of vehicles in both developing and developed countries are driving the polybutadiene market expansion.
Growing applications of acrylonitrile-butadiene-styrene resin (ABS)
In acrylonitrile-butadiene-styrene resin (ABS), polybutadiene finds wide usage as an impact modifier due to its toughness, impact resistance, flexibility, durability, and weatherability. The extensive use of ABS resin in musical instruments, gardening tools, medical implants, automotive parts, pipes and fittings, and electronic appliances is aiding the market.
Increasing investments in infrastructural development
Liquid polybutadiene plays a crucial role in improving the durability and performance of construction materials such as coatings, paints, and sealants. Thus, the increasing demand for paints, coatings, and sealants in construction and infrastructural development activities is driving the market.
Growing emphasis on sustainability
With the increasing focus on sustainability, key players in the market are attempting to produce bio-based polybutadiene from renewable sources such as corn, sugarcane, and other plant-based materials. They are also focusing on optimising manufacturing processes and efficiently using raw materials to reduce their carbon footprint.
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Purchase the Regional Overview for
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
The Asia Pacific to Account for a Significant Market Share in the Global Polybutadiene Market
The Asia Pacific is estimated to possess a significant share of the polybutadiene market in the forecast period. This increase can be attributed to the rising population growth in the region, which is catalysing the trends of urbanisation, thus, propelling the demand for automobiles. As tyre manufacturing is one of the significant applications of the product, the growing automobiles market in the region is expected to enhance the demand for polybutadiene. Other factors contributing to the growing demand for automobiles include rising disposable incomes, a huge consumer base, and increased availability of raw materials. Moreover, the heightened utilisation of polybutadiene in the polymer modification process is also predicted to catalyse the market growth in the region.
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Polybutadiene: Market Segmentation
Polybutadiene is a synthetic elastomer or rubber made from chemically linking multiple butadiene molecules to form giant molecules or polymers, also known as polymerisation. It is one of the most cost-effective and largest-volume synthetic general-purpose elastomer, which is also used as a substitute for natural rubber. In addition, polybutadiene, by virtue of having high resistance to wearing out, is used especially in the manufacture of tyres, which takes up over 70% of the production. Moreover, it is utilised as an additive to enhance the toughness of plastics such as polystyrene and acrylonitrile butadiene styrene (ABS). It also finds application in the manufacturing of golf ball cores, elastic objects, and also to encapsulate electronic assemblies, providing high electrical resistivity.
Based on product, the market is divided into:
- High CIS Polybutadiene
- Low CIS Polybutadiene
- High Trans Polybutadiene
- High Vinyl Polybutadiene
On the basis of application, the market can be segmented into:
- Tyre Manufacturing
- Polymer Modification
- Industrial Rubber Manufacturing
The regional markets for the product include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Heightened Adoption of Polybutadiene in High-End Tyre Manufacturing to Drive the Growth of the Global Polybutadiene Market
The rising global population and the resultant increase in urbanisation and industrialisation are driving the market demand for automobiles. In this regard, the demand for high-performance tyres is also increasing to ensure a safe driving experience. For instance, in August 2021, Bridgestone Americas announced the release of the Bridgestone Potenza Sport and Bridgestone Potenza RE980AS+ as part of the expansion of the company's bestselling ultra-high performance tyre line.
Environmental concerns and sustainability initiatives are posing a threat to the polybutadiene market. The rising air pollution level and its drastic impact on the environment and living beings due to butadiene production are an increasing concern, as a result of which, leading manufacturers are now looking for ways to produce bio-based butadiene to counter the negative consequences of petroleum-based products.
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Competitive Landscape
Key polybutadiene market players are increasingly investing in expanding their production capacities to meet the growing demand for the material in diverse applications such as rubber, tyres, paints, and coatings, among others. Polybutadiene companies are also adopting advanced technologies and new production methods to enhance the efficiency of polybutadiene manufacturing.
ENEOS Corporation
ENEOS Corporation, headquartered in Tokyo, Japan, and established in 1888, is an energy company. The company creates advanced fully-synthetic and synthetic lubricants that protect the environment throughout the lifecycle of a car by lowering carbon emissions, reducing wear on critical components, and optimising fuel efficiency.
ARLANXEO Holding B.V.
ARLANXEO Holding B.V., headquartered in The Hague, Netherlands, and established in 2016, is one of the world's largest synthetic rubber producers. The company is a wholly owned subsidiary of Saudi Aramco and develops, markets, and manufactures high-performance rubbers with 10 production sites in 8 countries and 2 innovation centres.
UBE Corporation
UBE Corporation, established in 1942 and headquartered in Tokyo, Japan, is a global chemical company. As of March 2024, the company boasted a capital of JPY 58.4 billion and employed 7,882 consolidated employees. The company actively invests in R&D activities to contribute to sustainable growth.
Reliance Industries Limited
Reliance Industries Limited, established in 1958 and headquartered in Maharashtra, India, is one of the largest private sector companies in India. In FY 2024, the company generated a consolidated revenue of USD 119.9 billion. Its activities span petroleum refining and marketing, hydrocarbon exploration and production, advanced materials and composites, and renewables, among others.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the polybutadiene market are Versalis SpA, among others.
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Polybutadiene Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the global polybutadiene market attained a value of USD 7.61 Billion.
The market is projected to grow at a CAGR of 4.20% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 11.48 Billion by 2034.
The major drivers for the market include increased demand for polybutadiene in the automotive industry to produce tyres, heightened demand for automobiles worldwide, increasing demand for polybutadiene in the polymer modification process, rising demand for industrial rubber manufacturing, and increased investments in the R&D of polybutadiene production by the leading manufacturers.
The key trends aiding the market growth include the heightened demand for high-performance tyres in the automobile industry.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant products available in the market are high CIS polybutadiene, low CIS polybutadiene, high trans polybutadiene, and high vinyl polybutadiene.
The major applications of the product include tyre manufacturing, polymer modification, and industrial rubber manufacturing.
The key players in the market include ENEOS Corporation, ARLANXEO Holding B.V., UBE Corporation, Reliance Industries Limited, and Versalis SpA, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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