Synopsis of Liquid Polybutadiene Market:
Polybutadiene is generally known as synthetic rubber, is a polymer formed form polymerization of the monomer 1, 3-butadiene. It has high resistance to wear which made it highly suitable in tire manufacturing and is also used as additives to improve the toughness of the plastics. Liquid Polybutadiene commercially known as liquid rubber and is largely usable in various industrial applications. It is colorless, transparent & odorless stored at zero temperature; highly unsaturated and dries oxidatively to form protective films. Earlier liquid rubber was produced by using finely dispersed sodium catalyst of rubbery butadiene-styrene copolymers in a hydrocarbon diluent to control the heat. Furthermore, the processes used to produces this rubber has been changed due to industrial revolutions.
Over the years Global Liquid Polybutadiene Market has been grown progressively and it is estimated to show positive growth over the forecast period. Liquid Polybutadiene is used in various applications such as coating, adhesive and sealants, protective films, tire manufacturing, chemical, industrial rubber, polymer modifications, and others. Increasing tire manufacturing across the globe is a key factor driving demand for liquid rubber over the past few years. Growth in transportation and automotive industry has led to increased demand for tires which has made this rubber highly demandable in these industries. Moreover, construction industry emerged as aggressive growth driving factor for Liquid Polybutadiene. This is due to Polybutadiene are used in all new and repair constructional activities for coatings and sealants. Massive growth in residential and non-residential as well as constructional projects likely to provide several growth opportunities for liquid rubber market. Additionally, industrial rubber application of liquid polybutadiene, chemical manufacturing and polymer modification are the other important growth driving factors across the globe. Although driven by aforementioned factors, growth in this market is restrained by unstable prices of raw material as well as preservation issues.
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Regional Analysis:
The Global Liquid Polybutadiene Market is dominated by Asia Pacific region followed by Europe and North America. By having over 45% of global market shares in terms of value and volume, Asia Pacific emerged as leader in global market. Asian market growth is driven by economic growth across the region, growing manufacturing industries, proximity to cheap labor, and increasing foreign investments. Furthermore, greater adoption of Liquid Polybutadiene in plastic, automotive and construction industries have played vital role in regional growth. Favorable government policies and increasing investments in construction industry have raised construction activities including residential, non-residential and commercial. Due to which Liquid Polybutadiene has shown remarkable growth over the years, and it is likely to keep up this trend in the years to come. Europe region is the second largest consumer of liquid polybutadiene driven by growth in transportation industry. This is attributed to key automotive giants have shifted their manufacturing base in this region by contributing in regional growth. On the other hand, large scale tire production in this region is the major growth driving factor, as Europe stands second in overall tire production in global market. North America occupy smaller pie of shares in Global Liquid Polybutadiene Market. U.S. and Canada are the key markets in this region driving regional growth owing to chemical industry base.
Segmentation:
The Global Liquid Polybutadiene Market is majorly segmented on the basis of application, end use industries and regions. Market segmentation based on application include coating, adhesive and sealants, tire manufacturing, chemical, industrial rubber, protective films, polymer modifications, and others. Based on the end use industries global market has been segmented into transportation, construction, industrial manufacturing and other industries. Geographically global market has been segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
Key Players:
Key players of the Global Liquid Polybutadiene are KURARAY CO. LTD (Japan), SIBUR INTERNATIONAL GMBH (Russia), Idemitsu Kosan Co.,Ltd (Japan), Versalis (Italy), Evonik Industries AG (Germany), Cray Valley (France), NIPPON SODA CO., LTD (Japan) and others.
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Key Points from Table of Contents:
11. Company Profiles
11.1 KURARAY CO. LTD
11.1.1 Company Overview
11.1.2 Product/Business Segment Overview
11.1.3 Financial Updates
11.1.4 Key Developments
11.2 SIBUR INTERNATIONAL GMBH
11.2.1 Company Overview
11.2.2 Product/Business Segment Overview
11.2.3 Financial Updates
11.2.4 Key Developments
11.3 Idemitsu Kosan Co.,Ltd
11.3.1 Company Overview
11.3.2 Product/Business Segment Overview
11.3.3 Financial Updates
11.3.4 Key Developments
11.4 Versalis
11.4.1 Company Overview
11.4.2 Product/Business Segment Overview
11.4.3 Financial Updates
11.4.4 Key Developments
11.5 Evonik Industries AG
11.5.1 Company Overview
11.5.2 Product/Business Segment Overview
11.5.3 Financial Updates
11.5.4 Key Developments
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