Polybutadiene is a polymer formed by polymerization of 1, 3-butadiene. It is a synthetic rubber, which is mostly used in the production of tires, and also to enhance the resistance of polystyrene and ABS (acrylonitrile butadienestyrene). Production of golf balls and coating of electronics also require polybutadiene. High resistivity of polybutadiene is a major factor augmenting its demand in tire manufacturing plants.
One of the significant drivers for the global polybutadiene market is the rapid growth in automotive and plastic industries. Properties such as low transition, high resistance, high tensile strength, abrasion resistance, and toughness fuel the demand for polybutadiene globally. Moreover, increasing demand for ecofriendly and fuel efficient tires is also driving the global polybutadiene market. However, price volatility of raw materials is a prominent restraint in the polybutadiene market.
Polybutadiene Market Taxonomy
On the basis of product type, the global polybutadiene market is classified as:
On the basis of application, the global polybutadiene market is classified as:
High cis polybutadine contains typically 92% or over cis and very small quantity of vinyl, typically less than 3%. It is produced by using the Natta-Ziegler catalyst, however the properties vary depending on the quality of the metal. Rubber is the second largest application segment of polybutadine market, tire industry being the fastest growing segment.
Polybutadiene Market Outlook
Major players operating in the global polybutadiene market follow various organic and inorganic growth strategies in order to gain a competitive edge. For instance, new techniques have been adopted for the production of high grade polybutadiene using alkyllithium by Ziegler. Some of the major players in the global polybutadiene market are JSR Corporation, PJSC Sibur Holding, Mitsubishi Corporation, Firestone Polymers LLC, China Wanda Group, Kuraray Co. Ltd., LG Chem Ltd., and Nippon Soda Co. Ltd., among others.
Polybutadiene Market Key Developments:
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