The polybutadiene rubber market is expected to grow from an estimated USD 7815.5 million in 2024 to USD 11.31 Billion in 2033, at a CAGR of 4.20%.
The growing need for PBR can largely be attributed to the burgeoning automotive industry, in car tires primarily. The exceptional wear resistance, aging stability, and weathering properties of PBR make it quite suitable for car tire production, therefore increasing the demand. In January 2024, world vehicle production according to JAMA was expected to increase by 3.5%. Further, with more car production, the demand for PBR is most likely to rise, especially in the tire applications. For uses in tyres and automotive parts, therefore, technological innovations in the production of polybutadiene rubber, such as the production of high-cis PBR, are going to increase the performance characteristics.
The latest report is updated with the impact analysis of the current COVID-19 pandemic on the market. The rapidly changing dynamics of the market and current and future growth potential of the market are covered in the report. The report offers crucial information about the initial and future assessment of the impact of the COVID-19 crisis on the overall market. The Polybutadiene Rubber market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.
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The leading market contenders listed in the report are:
Lanxess AG, Reliance Industries Limited, LG Chem, Sinopec, TSRC Corporation, Braskem, Sumitomo Chemical, ExxonMobil Chemical, Kumho Petrochemical, Asahi Kasei Corporation
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Market Segmentations of the Polybutadiene Rubber Market
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Regional Outlook of the Polybutadiene Rubber Market
The global Polybutadiene Rubber market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Polybutadiene Rubber market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
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