The polybutadiene market size is expected to grow from USD 10.8 billion in 2019 to USD 13.8 billion by 2024, at a CAGR of 5.1% during the forecast period. The polybutadiene market is driven by tire, polymer modification, and industrial rubber manufacturing industries. However, fluctuating raw material prices can hinder the growth of the market.
Emerging economies such as China, India, Indonesia, and Thailand are experiencing high demand for polybutadiene. Increasing disposable income, huge consumer base, rising urban population, low labour costs, and easy availability of raw materials are attracting global automobile manufacturers to shift their production facilities to the region, thus, creating a high demand for polybutadiene in this region.
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Recent Developments
- In February 2019, SIBUR decided to launch an investment project aimed at enhancing polybutadiene rubber (Nd-BR) production efficiency at its Voronezh facility (Voronezhsintezkauchuk). The project aims for a large-scale upgrade to boost the operational efficiency of the existing facility and ensure the production of consistently high quality products. This project will enable SIBUR to produce quality products with improved operational efficiency.
- In July 2018, ARLANXEO executed the modernization of the production facility of PBR rubber in Triunfo, Brazil. Post completion, the company will be able to produce advanced PBR types Nd-BR (neodymium butadiene rubber) by 2020. This expansion will help the company provide better products & services to its customers and will help in expanding its foothold in an emerging markets.
- In January 2016, Versalis S.P.A expanded in Asia through its new distribution center and subsidiary Versalis Pacific Trading (Shanghai). This center has started the distribution of rubber process oils in the Asian synthetic rubber market, particularly in the tire segment.
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