Butadiene Rubber Market Scope
Butadiene rubber is also known as synthetic rubber that is widely used in tire treads for trucks and automobiles. These rubber consists of polybutadiene, an elastomer (elastic polymer) which is built up by chemically connecting multiple molecules of butadiene to form huge molecules or polymers. These polymers are noted for their high resistance to abrasion, low heat buildup, and resistance to cracking. Butadiene Rubber is mostly used in automotive industries as tiers. Due to tremendously increase in the automotive industry in China, which is majorly focusing on increasing the production and sale of electric vehicles in the country will drive the market for Butadiene rubber in forecasting years.
The market study is being classified by Type (Emulsion SBR (Styrene Butadiene Rubber) and Solution SBR (Styrene Butadiene Rubber)), by Application (Footwear, Automotive, Polymer Modification, Adhesives and Others) and major geographies with country level break-up.
Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Butadiene Rubber market throughout the predicted period.
LANXESS (Germany), Sinopec (China), Kumho Petrochemical (South Korea), TSRC Corporation (Taiwan), JSR Corporation (Japan), Kuraray Co., Ltd (Japan), LG Chem (South Korea), SIBUR Holding (Russia), ZEON Corporation (Japan) and Versalis S.p.A. (Italy) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are PTT Global Chemical (Thailand), OMNOVA Solutions Inc. (United States)., Goodyear Chemical (United States), CNPC (China), Trinseo (United States), Bangkok Synthetics (Thailand), First Rubber Company Limited (India) and Asahi Kasei Chemicals Corp (Japan).
AdvanceMarketAnalytics has segmented the market of Global Butadiene Rubber market by Type, Application and Region.
On the basis of geography, the market of Butadiene Rubber has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-User Industry, the sub-segment i.e. Plastic and Polymer will boost the Butadiene Rubber market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
March 2018: Kuraray Co., Ltd, PTT Global Chemical, and Sumitomo Corp. have signed an agreement to establish a joint venture company focused on the progression of a feasibility study for the manufacturing and sales of butadiene derivatives in Thailand.
- Rising Demand for Bio-Based Feedstock
- Increasing Acceptance of Green Tires Made Using Nd-BR
- Rapidly Increasing Automotive Production World Widely
- Growth of Tire Industry Globally
- Growing Demand in Asia-Pacific for Automotive Industries
- Maintainable Raw Material Supply in Forthcoming Non-Integrated Plants in China
- Maturity of the Butadiene Rubber Products
- Unpredictability in Raw Material Prices for Butadiene rubber
- Lack of Awareness Regarding Usage of Butadiene Rubber in Emerging Nations
Key Target AudienceButadiene Rubber Manufacturing Companies, Butadiene Rubber Traders, Distributors, and Retailers, Raw Material Suppliers, Commercial R&D Institutes, Research Institutes, Trade Associations, and Government Agencies and Others
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