Polybutadiene, commonly known as 'synthetic rubber', is a form of synthetic elastomer produced by polymerization of 1,3-butadiene. It has high strength and flexibility and provides better performance than natural rubber. Polybutadiene are used across various industries such as automotive, industrial, healthcare, consumer goods, and construction. In the automotive industry, majority of polybutadiene is consumed in manufacturing of tires owing to its high resistant to heat, aging, and abrasion properties. The global Polybutadiene Market is estimated to be valued at US$ 6.23 Bn in 2024 and is expected to exhibit a CAGR of 8.8% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends: One of the key driving factors for the growth of the polybutadiene market is the increasing adoption of polybutadiene in tire manufacturing industry. As per estimates, around 60-70% of the total polybutadiene produced globally is consumed in tire manufacturing. Polybutadiene provides superior properties like strength, flexibility and abrasion resistance to tires. The properties allow tires to perform efficiently under varying temperatures and road conditions. With the growing automotive industry worldwide, demand for tires from automakers is increasing steadily. This in turn is expected to boost the consumption of polybutadiene in tire manufacturing, thereby accelerating the market growth over the forecast period.
Segment Analysis
The global polybutadiene market is dominated by the solid polybutadiene segment, which accounted for nearly 65% of the market share in 2024. Solid polybutadiene exhibits superior properties such as high strength, durability and resilience. These properties make it a preferred material for manufacturing tires. As the demand for tires increases with growing vehicle ownership, particularly in developing nations, the solid polybutadiene segment is expected to retain its dominant position in the market during the forecast period.
Key Takeaways
The Global Polybutadiene Market Size is expected to witness high growth over the forecast period owing to growing demand from the tire industry.
Regional analysis: Asia Pacific accounted for over 45% share of the global polybutadiene market in 2024 and is expected to maintain its dominance till 2031. The region is witnessing rapid industrialization along with increase in vehicle ownership which is driving the demand for tires. This in turn is augmenting the uptake of polybutadiene in the region.
Key players: Key players operating in the polybutadiene market are Envista Holdings Corporation, Planmeca Oy, Acteon Group, DENTSPLY Sirona, Carestream Dental, VATECH Co. Ltd., Owandy Radiology, Durr Dental SE, Midmark Corporation, Genoray Co. Ltd., Asahi Roentgen Co. Ltd., 3Shape, PreXion Inc., Cefla Medical Equipment, Apteryx Imaging (Canada), Yoshida Dental Mfg. Co. Ltd, and Align Technology Inc. These players adopt strategies such as mergers, acquisitions and new product launches to strengthen their presence in the market.
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