H1 2023: The largest consumer of Polybutadiene Rubber (PBR) in H1 2023 was the Asia Pacific region. The Asia-Pacific Polybutadiene Rubber market exhibited mixed sentiments. Prices initially decreased in January, rebounded in February, and declined again in March. China's destocking of car inventories, excess supply and low sales, triggered a pricing competition within the Chinese auto industry. Consequently, other manufacturers followed suit, intensifying the automotive industry's destocking efforts. This reduction in automobile production had a cascading effect, impacting Polybutadiene Rubber consumption and leading to a dip in demand and prices in the Asian market. Throughout the second quarter of 2023, the Asia-Pacific Region witnessed a consistent uptrend in Polybutadiene Rubber prices. April recorded a price surge for Polybutadiene Rubber driven by heightened downstream demand. Increased tire demand during the month directly translated to elevated Polybutadiene Rubber requirements. Likewise, May 2023 saw a substantial uptick in Polybutadiene Rubber usage, primarily attributable to burgeoning activity within the tire industries. The notable expansion of these sectors significantly escalated Polybutadiene Rubber demand, thereby propelling its market value upwards in Asia Pacific region.
The global Polybutadiene Rubber (PBR) market stood at approximately 4330 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 4.10% during the forecast period until 2032. The demand for high-quality tires has increased due to the global automotive sector's ongoing growth and rising vehicle demand, particularly in emerging markets. PBR's market expansion is significantly fueled by its capacity to enhance tire performance and longevity, which is in line with the automobile industry's efforts to prioritize safety, fuel economy, and environmental sustainability.
The remarkable qualities of Polybutadiene Rubber (PBR), a synthetic rubber polymer with a wide range of applications across industries, include high durability, low heat accumulation, and exceptional resistance to abrasion. The tire manufacturing industry is where PBR is most commonly used. It is an essential component in the creation of high-performance tires for cars, trucks, and other vehicles because of its superior abrasion resistance and low rolling resistance. PBR is used to make the outsoles and soles of shoes, which add comfort and durability to a variety of footwear styles, including as work boots and athletic shoes. Gaskets & Seals: PBR is a good material for gaskets and seals in the automotive, industrial, and manufacturing sectors because of its toughness and resistance to heat and chemicals. PBR is used in surgical gloves to provide flexibility and protection in the healthcare industry. PBR is used in hoses and tubes that are utilized in a variety of industries, including construction and the automobile, where flexibility and durability are crucial. PBR is sometimes used in adhesives to improve their flexibility and impact resistance.
Polybutadiene Rubber (PBR) is experiencing remarkable market growth driven by various pivotal factors in the business landscape. Notably, the automotive industry, propelled by heightened global mobility and the quest for fuel-efficient vehicles, favours PBR for tire manufacturing due to its exceptional wear resistance and low rolling resistance. The industrial sector extensively relies on PBR for applications such as conveyor belts, power transmission belts, hoses, and tubing, capitalizing on its robust durability and resilience, a demand further fuelled by the expanding global industrial activities. Furthermore, PBR's contribution to enhancing impact resistance and flexibility in consumer products, ranging from sporting equipment to toys, caters to the rising disposable income of the burgeoning middle-class population, further stimulating demand. The healthcare industry benefits from PBR's flexibility and protective attributes, as it finds application in the production of surgical gloves and medical items, resonating with the expanding healthcare landscape's emphasis on hygiene and safety standards. PBR's versatility also extends to sealants, damping materials, and adhesives in the construction and infrastructure sectors, in sync with the surging infrastructure development projects on a global scale. Moreover, the polymer modification sector leverages PBR to augment impact resistance and flexibility in plastic products. PBR remains central in the evolution of green tire technologies, aligning with the shift towards eco-friendly and fuel-efficient tires driven by environmental concerns and regulatory standards. The global Polybutadiene Rubber (PBR) market is anticipated to reach nearly 6550 thousand tonnes by 2032.
Based on region, Asia Pacific is the major consumer of Polybutadiene Rubber (PBR), followed by North America. The Asia Pacific region stands as the primary consumer of Polybutadiene Rubber (PBR), driven by several compelling factors. This includes its prominent role in the automotive industry within nations like China, India, Japan, and South Korea, where PBR is vital for tire manufacturing, meeting the escalating demand due to heightened vehicle production and mobility. China is the largest automotive market in the world, and its strong production capabilities and growing consumer demand for cars have made the country a thriving hub for the tire business. As the Asia Pacific region continues to expand economically and industrially, its consumption of PBR remains central in meeting evolving demands.
Based on the end-user industry, the global Polybutadiene Rubber (PBR) market is segmented into Tire, Plastics, Technical Rubber, and Others. Among these, Tire is the dominating segment and held a market share of roughly 70% in 2022. In the plastics sector, Polybutadiene Rubber (PBR) serves as an additive that elevates the impact resistance and flexibility of a wide array of plastic products. By integrating PBR into plastic formulations, it fortifies the robustness and longevity of plastics, rendering them less susceptible to cracking and damage.
Major players in the Global Polybutadiene Rubber (PBR) market are Kuraray Co. Ltd., JSR Corporation, Ube Industries Ltd, Lanxess, LG Chem, Sabic, Kumho Petrochemical, Sibur, Reliance Industries Limited, And Zeon Corporation.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Polybutadiene Rubber (PBR) which covers production, demand and supply of Polybutadiene Rubber (PBR) market in the globe.
• To analyse and forecast the market size of Polybutadiene Rubber (PBR)
• To classify and forecast Global Polybutadiene Rubber (PBR) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Polybutadiene Rubber (PBR) market in the globe.
To extract data for Global Polybutadiene Rubber (PBR) market, primary research surveys were conducted with Polybutadiene Rubber (PBR) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Polybutadiene Rubber (PBR) market over the coming years.
ChemAnalyst calculated Polybutadiene Rubber (PBR) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Polybutadiene Rubber (PBR). ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Polybutadiene Rubber (PBR) manufacturers and other stakeholders
• Organizations, forums and alliances related to Polybutadiene Rubber (PBR) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Polybutadiene Rubber (PBR) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Polybutadiene Rubber (PBR) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
4330 thousand tonnes
Market size Volume in 2032
6500 thousand tonnes
Growth Rate
CAGR of 4.10% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Tire, Plastics, Technical Rubber, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
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What was the net market size of Polybutadiene Rubber (PBR) in terms of volume in 2022?
Ans:
The global market size of Polybutadiene Rubber (PBR) has reached approximately 4330 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Polybutadiene Rubber (PBR)?
Ans:
Asia Pacific region is the leading consumer of Polybutadiene Rubber (PBR) globally.
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