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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.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124