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Liquid Polybutadiene Market Research Report- Forecast to 2030

Liquid Polybutadiene Market 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 2030

ID: MRFR/CnM/2682-CR | October 2017 | Region: Bric | 123 pages

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Liquid-Polybutadiene Market Overview:

The market stood at a valuation worth USD 2.96 billion in the historic forecast year of 2018 and is expected to grow at a considerable CAGE of 4.80% by the end of the current forecast period ending in 2030.

The liquid polybutadiene (LPBD) can be recognized as a very high reactive liquid polymer that supports a solvent-free coating formulation. These polymers possess properties that are similar to those possessed by natural drying oils. However, these are highly unsaturated. This is one of the reasons because of which, the curing rate of the LPBSs is relatively faster than the huge number of natural oils that are available in the market. Also, these can act as a stimulator for the metal dryers. The current market is undergoing a huge demand for chemical resistance and thus, the demand for the LPBD market is witnessing a mushrooming growth and demand.

The industry experts and market leaders predict an increase in the worldwide use of the liquid-polybutadiene in a lot of market sectors. These are inclusive of the tire, increase in the figure of the vehicle sales, as well as, the rubber manufacturers by the end of the global forecast period ending in 2023. 


Competitive Landscape:
The global liquid-polybutadiene market is estimated to grow at a 4.8% CAGR by the end of the global forecast period in 2023. The emergence of the key market players is important to help the market grow and reach the predicted figures by the end of the forecast period in 2023. Also, it is important to draw a competitive market landscape considering the revenue collection, mergers, acquisitions, as well as, the product developments and launches. The key market players are as follows:



  • Cray Valley

  • Kuraray Co. Ltd.

  • Evonik Industries AG

  • SIBUR International GmbH

  • Nippon Soda Co. Ltd.

  • Reliance Industries Limited

  • Synthomer plc

  • Versalis S.p.A.

  • Uber Industries


COVID 19 Analysis:
The world is struggling to move over the adverse impact which the COVID 19 pandemic has brought along. The obnoxious spread of the virus is subsequently forcing the production and manufacturing units to reduce their production levels. Some of them have shut their functioning due to the imposition of temporary and permanent lockdown. However, some of them have been forced to shut the services due to the unavailability of cash flow and raw material that is important for the market’s working. Also, it is becoming difficult to meet the market demand and hence, the target audience is on the lookout for alternate options. The lockdown has imposed people to reduce the use of vehicles and the ones who had planned to do so, are also deferring the thought as the second wave is hitting the countries in a rather more worse way.


However, the government is coming up with schemes, key research options, and strategies in collaboration with the emerging players of the market. Also, the focus is on the development of marketing strategies and product lines that will help the markets emerge from the losses that have been incurred and resume the operations in an awarding way.


Market Dynamics:
Drivers:
The global market is witnessing a huge increase in the segment of tire manufacturing. This is under various production lanes belonging to the key market players. This is going to surge the global demand at a considerable quantum. Also, the growth of the construction industry is playing a major role in driving the demand for the liquid-polybutadiene market, helping to reach a good market valuation by the end of the global forecast period in 2023.


Restraints:
However, the global LPBD market is witnessing strict regulations. The main reason behind the imposition of these regulations is the adverse impact of the use of plastic on the environment and the rising concerns related to the same.


Technology Analysis:
The ongoing LPBD market is witnessing an emerging trend in the form of wide-scale adoption of bio-based liquid polybutadiene. This is majorly and more prominent in the marketing and manufacturing industry. Also, there has been an upsurge in the construction activities that are on the way. This is in geographical locations like Asia, as well as, the Middle East and Africa. These are offering lucrative opportunities for growth to major industries functioning in these areas. The key market players of major locations like Asian Pacific nations, European countries, as well as, the North American nations are targeting widespread growth during the forecast period ending in 2023.


Study Objectives:


  • To study the market trends and dynamics that are going to impact the growth of the market by the end of the global forecast period in 2023

  • To consider the operations of the market and its segments that will play a major role in helping the market grow by the end of the forecast period

  • To analyze the functioning of the key market players in various regions across the globe and also draw a competitive market landscape of the market considering the revenue cycles of these players


Segment Overview:
The global liquid-polybutadiene market is further bifurcated into various segments that will help the market grow as per the predicted CAGR growth by the end of the future forecast period in 2023. The market has been segmented based on the following:


Application:
Based on application, the market has been segmented into tire manufacturing, chemicals, industrial rubber, coatings, adhesives, polymer modification, sealants, protective films, and much more. Tire manufacturing is expected to dominate the market by the end of the future forecast period in 2023.


End-use:
The market end-use is extended to the transportation sector, construction, industrial among other sectors. Owing to the current market trends, the transportation and construction sector is likely to emerge and enjoy domination in the future forecast ending in 2023.


Regions:
Based on the geographical regions, the global liquid-polybutadiene market is extended to major locations like Europe, Asian Pacific nations, the North American region, Latin America, as well as, the Middle East and Africa (MEA).


Regional Analysis:
The growth of the LPBD market is a result of different factors like the emerging market players. These players are coming up with espousing growth strategies that have a major role to play when it comes to working through the expansions, partnerships, as well as, growth agreements.


Also, the Asian Pacific market is expected to increase at a considerable market rate that will help in the expansion of the key market players of this region in the upcoming forecast period ending in 2023. The companies belonging to the Asian Pacific nations are deploying major workforce and inputs like machinery to drive major market growth by the end of 2023. Also, the European nations are expecting a huge demand for the LPBD market during the ongoing forecast period.


Recent 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.


Report Overview:
The global LPBD market report includes the market dynamics that include the drivers, trends, opportunities, as well as, restraints on the way of growth for the market. Also, the report considers the viewpoint of the industry experts and leaders and studies the revenue models, mergers, and acquisitions of the key market players and subsequently draws a competitive landscape for the market growth. Further, the market report shows the impact of the global pandemic and the steps that are being taken by the government side, market players, as well as, the research institutions for overcoming the loss and emerging for growth results. Also, the report includes the performance of the market segments, as well as, their performance in various domestic and international regions.



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2030: USD 2.96 billion
  • 2030: Significant Value
  •   CAGR   4.8%(2022-2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Application and End-Use
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Cray Valley, Kuraray Co. Ltd., Evonik Industries AG, SIBUR International GmbH, Nippon Soda Co. Ltd., Reliance Industries Limited, Synthomer plc, Versalis S.p.A., Uber Industries
      Key Market Opportunities   The current market is undergoing a huge demand for chemical resistance
      Key Market Drivers   The growth of the construction industry is playing a major role


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    Frequently Asked Questions (FAQ) :

    The market is expected to grow at a CAGR of 4.85 by the end of the forecast period in 2030.

    The market has been segmented based on application, end-users and regions.