Market Highlights:
Market Research Future (MRFR) reveals insights on the Global Liquid Polybutadiene Market 2020 for the review period. By 2023, the Liquid Polybutadiene Market can rise exponentially to earn above USD 3,776.5 million. The Liquid Polybutadiene Market can thrive at 4.85% CAGR in the forecast period. The increase in Liquid Polybutadiene applications across the transportation sector can earn high revenue for the market. The surge in demand for manufacturing tires and hoses can add momentum to the market. The construction industry can improve the market impetus as it is one of the major consumers of Liquid Polybutadiene. In addition, the growing number of new entrants and their intensifying competition with existing organizations can work in favor of the market. Urbanization and industrilization are other forces that can support the market. On the contrary, the most likely bottleneck of the Liquid Polybutadiene global Market is the fluctuating cost of raw material. However, the construction industry in the MEA and Asia offers lucrative opportunity that can counter the slowdown of the global market in the approaching years.
Key Players:
SIBUR International GmbH (Austria), Kuraray Co. Ltd (Japan), NIPPON SODA CO., LTD (Japan), Evonik Industries AG (Germany), Idemitsu Kosan Co.,Ltd. (Japan), Cray Valley (France), and Versalis S.p.A (Italy) among others are some reputed companies operating in the Liquid Polybutadiene Market that are listed by MRFR.
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Segment Analysis:
The Segment Assessment of the Liquid Polybutadiene Global Market is studied by Application and End Use.
The Application Basis of the Liquid Polybutadiene Market is industrial rubber, tire manufacturing, protective films, polymer modification, adhesives & sealants, and chemicals, coatings among others. The increase in application of Polybutadiene, especially as industrial rubber and in tire manufacturing can promote the expansion of the market in the years ahead. The tire manufacturing segment can earn high revenue for the global market. The ease of availability, superior resistance, and immense flexibility of Polybutadiene as Industrial rubber can aid dealers earn high long-term benefits.
The End Use Based Segment of the Liquid Polybutadiene global Market are industrial, transportation, and construction among others. The end uses based segment of the Liquid Polybutadiene Market can be attribute to it high consumption by the transportation sector, along with the automobile sector. The utility of Polybutadiene in manufacturing of hoes, tires, and other automotive rubber parts can support the expansion of the market through the analysis period. The transportation industry can earn about USD 1,548.3 Mn by 2023. The dynamics of the construction industry can add momentum to the expansion of the Liquid Polybutadiene Market through the analysis period. The surge in the need for manufacturing sealants and adhesives, paints and coating can support the expansion of the market.
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Regional Analysis:
North America Liquid Polybutadiene Market is likely to be headed by the US, following Canada. As per MRFR analysis assessment, the market in North America can rise at 16% CAGR in the study period due to the ease of procurement of raw materials. In Asia Pacific, the LIQUID POLYBUTADIENE MARket can rise at 5.34% CAGR in the review period. India can rise as the leading market. The expansion of APAC market can be attributed to the penetration of new technology and introduction of latest innovations on Polybutadiene. Emerging trends can be boosting the application of Polybutadiene across high end-users. This can add to the expansion of the regional market through the study period. The liquid Polybutadiene Market in Europe is likely to secure a decent value at USD 627.6 million on the conclusion of the review period.
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