DUBLIN, Sept. 22, 2023 /PRNewswire/ -- The "Polybutadiene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global polybutadiene market size reached US$ 5.2 Billion in 2022. Looking forward, the market is set to reach US$ 6.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.
Polybutadiene, a synthetic elastomer produced through the free radical polymerization of multiple 1,3-butadiene monomers to form long polymer chain molecules, boasts remarkable properties such as exceptional elasticity, resistance to abrasion, low hysteresis loss, minimal heat buildup, low coefficient of friction, and impressive strength characteristics.
Notably, these attributes make it a prime choice for tire manufacturing worldwide, contributing to the production of high-quality tires. Additionally, polybutadiene serves as a valuable additive for enhancing the toughness and impact resistance of various plastics, including polystyrene, high-impact polystyrene (HIPS), and acrylonitrile butadiene styrene (ABS).
The surging global sales of vehicles have significantly boosted the demand for high-performance tires, presenting a pivotal driver of market growth. Furthermore, polybutadiene's resistance to low temperatures has led to its increased adoption in the automotive sector for producing belts, gaskets, inner tubes, sandblasting hoses, and covers for pneumatic and water hoses.
Beyond the automotive industry, the thriving construction sector is fueling the requirement for polystyrene plastics, widely utilized in insulated panel systems for walls, roofs, and concrete floors in both residential and commercial buildings. These plastics find application in civil engineering projects, road and railway development, as well as the manufacturing of pontoons and marinas, contributing significantly to market expansion.
Moreover, polybutadiene is gaining popularity as a substitute for natural rubber (NR) in manufacturing golf ball cores and various elastic objects, as well as for coating or encapsulating electronic assemblies, offering excellent electrical resistivity. Combined with the growing focus of major global players on mergers and acquisitions (M&A) activities, these factors are anticipated to propel market growth.
Key Questions Answered in This Report:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
Key Market Segmentation:
Breakup by Product:
Breakup by Type:
Breakup by Industry Vertical:
Breakup by Region:
For more information about this report visit https://www.researchandmarkets.com/r/qi37c1
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
These press releases may also interest you
|