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Liquid Polybutadiene Market

ID: MRFR/CnM/2682-CR
123 Pages
Priya Nagrale
October 2017

Liquid Polybutadiene Market Research Report Information by Application (Tire Manufacturing, Industrial Rubber, Polymer Modification, Protective Films, Chemicals, Coatings, Adhesives & Sealants, and Others), by End Use (Transportation, Construction, Industrial, and Others) and by Region (Asia Pacific, Europe, North America, Latin America, and Middle East & Africa) - Forecast till 2035

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Liquid Polybutadiene Market Infographic
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Liquid Polybutadiene Market Summary

As per MRFR analysis, the Global Liquid-Polybutadiene Market Size was estimated at 3.251 USD Million in 2024. The Liquid-Polybutadiene industry is projected to grow from 3.407 in 2025 to 5.445 by 2035, exhibiting a compound annual growth rate (CAGR) of 4.8 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Global Liquid-Polybutadiene Market is poised for growth driven by sustainability and technological advancements.

  • North America remains the largest market for liquid-polybutadiene, driven by robust demand in the automotive sector.
  • Asia-Pacific is the fastest-growing region, reflecting increasing investments in innovative applications and production technologies.
  • The tire manufacturing segment continues to dominate, while polymer modification is emerging as the fastest-growing segment.
  • Key market drivers include rising demand from the automotive sector and a growing focus on sustainable materials.

Market Size & Forecast

2024 Market Size 3.251 (USD Million)
2035 Market Size 5.445 (USD Million)
CAGR (2025 - 2035) 4.8%

Major Players

Kraton Corporation (US), LG Chem (KR), Asahi Kasei Corporation (JP), SABIC (SA), Mitsui Chemicals (JP), LyondellBasell Industries (US), BASF SE (DE), Evonik Industries AG (DE), TSRC Corporation (TW)

Liquid Polybutadiene Market Trends

The Global Liquid-Polybutadiene Market is currently experiencing a dynamic phase characterized by evolving applications and increasing demand across various industries. This versatile polymer, known for its excellent elasticity and resilience, finds utility in sectors such as automotive, adhesives, and coatings. The ongoing advancements in production technologies appear to enhance the material's properties, making it more appealing for manufacturers seeking high-performance solutions. Furthermore, the growing emphasis on sustainability and eco-friendly materials may drive innovation within the market, as companies strive to meet consumer expectations and regulatory requirements. In addition, the Global Liquid-Polybutadiene Market seems to be influenced by shifting consumer preferences towards products that offer enhanced durability and performance. As industries continue to prioritize efficiency and cost-effectiveness, the demand for liquid-polybutadiene is likely to rise. This trend suggests a potential for increased investment in research and development, aimed at optimizing formulations and expanding applications. Overall, the market landscape appears to be evolving, with opportunities for growth and diversification in the coming years.

Sustainability Initiatives

The focus on sustainable practices is becoming increasingly prominent within the Global Liquid-Polybutadiene Market. Manufacturers are exploring bio-based alternatives and recycling methods to reduce environmental impact, aligning with global trends towards sustainability.

Technological Advancements

Innovations in production techniques are enhancing the properties of liquid-polybutadiene, making it more suitable for a wider range of applications. These advancements may lead to improved performance characteristics, attracting new users.

Expanding Applications

The versatility of liquid-polybutadiene is driving its adoption in various sectors, including automotive and construction. As industries seek materials that offer superior performance, the demand for liquid-polybutadiene is likely to grow.

Liquid Polybutadiene Market Drivers

Expansion of the Rubber Industry

The rubber industry is undergoing substantial expansion, which is expected to significantly influence the liquid polybutadiene market. Liquid polybutadiene is a key ingredient in the production of synthetic rubber, which is widely used in tires, footwear, and various industrial applications. As the demand for synthetic rubber continues to grow, particularly in emerging markets, the Global Liquid-Polybutadiene Market is poised for growth. In 2025, the rubber industry is projected to expand at a compound annual growth rate (CAGR) of over 5%, driven by increasing consumer demand for durable and high-performance rubber products. This growth is likely to create new opportunities for liquid polybutadiene manufacturers, as they seek to meet the rising demand for innovative rubber solutions.

Growth in Adhesives and Sealants

The adhesives and sealants segment is witnessing significant growth, which is expected to positively impact the liquid polybutadiene market. This material is favored for its superior bonding capabilities and flexibility, making it ideal for various applications in construction, packaging, and automotive industries. In 2025, the demand for liquid polybutadiene in adhesives and sealants is anticipated to rise, driven by the increasing need for durable and high-performance products. The Global Liquid-Polybutadiene Market is likely to see a surge in applications as manufacturers innovate to meet the evolving needs of consumers. Additionally, the trend towards environmentally friendly adhesives may further bolster the market, as liquid polybutadiene can be formulated to meet stringent regulatory requirements while maintaining performance.

Rising Demand from Automotive Sector

The automotive sector is experiencing a notable increase in demand for liquid polybutadiene, primarily due to its advantageous properties such as high resilience and excellent elasticity. This material is increasingly utilized in the production of tires and various automotive components, which require materials that can withstand extreme conditions. In 2025, the automotive industry is projected to account for a substantial share of the liquid polybutadiene market, driven by the ongoing shift towards lightweight and fuel-efficient vehicles. The Global Liquid-Polybutadiene Market is likely to benefit from this trend, as manufacturers seek materials that enhance performance while reducing overall vehicle weight. Furthermore, the growing emphasis on sustainability within the automotive sector may lead to increased adoption of liquid polybutadiene, as it can contribute to the development of eco-friendly products.

Technological Innovations in Production

Technological advancements in the production of liquid polybutadiene are playing a crucial role in shaping the market landscape. Innovations in polymerization techniques and process optimization are enabling manufacturers to produce higher quality products with improved performance characteristics. In 2025, the Global Liquid-Polybutadiene Market is expected to benefit from these advancements, as they allow for greater efficiency and reduced production costs. Furthermore, the development of new formulations and blends is likely to enhance the versatility of liquid polybutadiene, opening up new applications across various industries. As manufacturers continue to invest in research and development, the market is anticipated to witness a wave of innovative products that cater to the evolving needs of consumers.

Increasing Focus on Sustainable Materials

The growing emphasis on sustainability is driving a shift towards the use of eco-friendly materials, including liquid polybutadiene. As industries seek to reduce their environmental footprint, the demand for sustainable alternatives is on the rise. In 2025, the Global Liquid-Polybutadiene Market is likely to see increased interest from manufacturers looking to develop products that align with sustainability goals. This trend is particularly evident in the automotive and construction sectors, where companies are actively seeking materials that can contribute to greener practices. The potential for liquid polybutadiene to be formulated with renewable resources may further enhance its appeal, positioning it as a viable option for environmentally conscious consumers and businesses alike.

Market Segment Insights

By Application: Tire Manufacturing (Largest) vs. Polymer Modification (Fastest-Growing)

In the Global Liquid-Polybutadiene Market, application segments reflect distinct market share distributions, with Tire Manufacturing standing out as the predominant sector due to its extensive usage in producing durable and high-performance tires. This segment leveraged its large share by advancing production technologies and enhancing product performance, making it a staple in the automotive industry. Following closely are segments such as Chemicals and Industrial Rubber, which also command considerable shares through their applications in varied industrial processes and products. On the growth front, Polymer Modification is emerging as the fastest-growing segment, driven by increasing demand for enhanced material properties in various applications such as sealants and coatings. Growth in the electric vehicle market and innovations in synthetic rubber formulations are vital drivers. The adhesive and protective films sectors are also witnessing notable expansions, owing to increasing applications in construction, automotive, and consumer goods, highlighting a robust trend towards high-performance specialty products.

Tire Manufacturing (Dominant) vs. Adhesives (Emerging)

Tire Manufacturing remains the dominant application of liquid polybutadiene, primarily due to its critical role in producing tires that require robustness, flexibility, and durability. The advancements in tire technology, including eco-friendly formulations and performance tires, reinforce its position. In contrast, the Adhesives segment is classified as emerging, showcasing rapid growth fueled by increasing demand across various industries, including packaging, automotive, and construction. Companies are innovating new adhesive formulations with enhanced bonding characteristics and lower environmental impacts, thus broadening their applications. This juxtaposition of Tire Manufacturing and Adhesives illustrates a market dynamic where traditional strongholds coexist with fast-evolving niches.

By End-use: Transportation (Largest) vs. Construction (Fastest-Growing)

In the Global Liquid-Polybutadiene Market, the transportation sector holds the largest share, driven by the material's excellent elasticity and resistance to wear and tear, making it ideal for vehicle manufacturing and tires. Following closely is the construction segment, which is witnessing significant adoption due to polybutadiene's durability and ability to enhance performance in applications such as sealants and adhesives. The industrial sector, while substantial, remains behind these two prominent segments in terms of market share.

Transportation (Dominant) vs. Construction (Emerging)

The transportation segment is a dominant force in the Liquid-Polybutadiene Market, driven by the automotive industry's continuous demand for high-performance materials. Its superior properties, including resilience and resistance to aging, cater to tire producers and manufacturers looking for reliable materials. Meanwhile, the construction segment is emerging as a fast-growing area of interest, propelled by infrastructural developments and rising urbanization. As applications in construction grow, including in pavements and coatings, the sector's demand for polybutadiene is poised for a sharp increase, reflecting evolving construction methodologies that favor advanced materials for enhanced structural performance.

Get more detailed insights about Liquid Polybutadiene Market

Key Companies in the Liquid Polybutadiene Market market include

Industry Developments

In 2016, Kuraray Co. Ltd, PTT Global Chemical, as well as, Sumitomo Corporation had signed a memorandum of understanding to conduct a shared study targeting the expansion of the Butadiene derivates in various parts of Thailand.

Various key market players belonging to the Asian Pacific nations are expanding their operations to step into the international market and increase their footprint in the global market in the upcoming future years.Amid the ongoing COVID 19 pandemic, there is a growing emergence and volatility in the prices of commodities like crude oil, as well as, other raw materials.

This is presenting the market hurdles which are being vanished by the adoption of new uses of the key players prevalent in the market through its functions.There is a huge increase in the demand for the market segments of automotive across various locations of the world, thus, increasing the demand for tires that is an application of the global LPBD market. Hence, tire manufacturing demand is likely to increase at a considerable scale by the end of 2023.The prominent market players belonging to the North American region are shifting to produce biodegradable plastic, as well as, petroleum-based plastic products.

These are contributing to overcome the environmental restraints and helping the market grow at a good pace.

Future Outlook

Liquid Polybutadiene Market Future Outlook

The Global Liquid-Polybutadiene Market is projected to grow at a 4.8% CAGR from 2024 to 2035, driven by increasing demand in automotive and consumer goods sectors.

New opportunities lie in:

  • Development of bio-based liquid-polybutadiene products
  • Expansion into emerging markets with tailored formulations
  • Investment in advanced recycling technologies for sustainability

By 2035, the market is expected to achieve robust growth, positioning itself as a leader in innovative applications.

Market Segmentation

Liquid Polybutadiene Market End-use Outlook

  • Transportation
  • Construction
  • Industrial

Liquid Polybutadiene Market Application Outlook

  • Tire Manufacturing
  • Chemicals
  • Industrial Rubber
  • Coatings
  • Adhesives
  • Polymer Modification
  • Sealants
  • Protective Films

Report Scope

MARKET SIZE 20243.251(USD Million)
MARKET SIZE 20253.407(USD Million)
MARKET SIZE 20355.445(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)4.8% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies ProfiledMarket analysis in progress
Segments CoveredMarket segmentation analysis in progress
Key Market OpportunitiesGrowing demand for eco-friendly materials drives innovation in the Global Liquid-Polybutadiene Market.
Key Market DynamicsRising demand for eco-friendly materials drives innovation and competition in the liquid-polybutadiene market.
Countries CoveredNorth America, Europe, APAC, South America, MEA

Market Highlights

Author
Priya Nagrale
Senior Research Analyst

With an experience of over five years in market research industry (Chemicals & Materials domain), I gather and analyze market data from diverse sources to produce results, which are then presented back to a client. Also, provide recommendations based on the findings. As a Senior Research Analyst, I perform quality checks (QC) for market estimations, QC for reports, and handle queries and work extensively on client customizations. Also, handle the responsibilities of client proposals, report planning, report finalization, and execution

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FAQs

What is the projected market valuation for the Global Liquid-Polybutadiene Market in 2035?

The projected market valuation for the Global Liquid-Polybutadiene Market in 2035 is 5.445 USD Million.

What was the overall market valuation for the Global Liquid-Polybutadiene Market in 2024?

The overall market valuation for the Global Liquid-Polybutadiene Market in 2024 was 3.251 USD Million.

What is the expected CAGR for the Global Liquid-Polybutadiene Market during the forecast period 2025 - 2035?

The expected CAGR for the Global Liquid-Polybutadiene Market during the forecast period 2025 - 2035 is 4.8%.

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