The global liquid polybutadiene market is set to enjoy a valuation of US$ 353.6 million in 2022 and further expand at a CAGR of 6.1% to reach US$ 642.7 million by the end of 2032.
Sales of liquid polybutadiene accounted for nearly 3.1% of the global polybutadiene market at the end of 2021. Booming demand across paints and coatings fuels the overall sales of the market.
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The global liquid polybutadiene market is expected to witness a significant growth in the coming years. This is attributed to the increasing demand for rubber components in the automotive, healthcare, and electronics industries. The growing demand for tires, sealants, and adhesives is expected to contribute to the growth of the market.
Additionally, the growing use of liquid polybutadiene in the manufacture of synthetic rubbers, thermoset plastics, and coatings is anticipated to drive the growth of the market. Furthermore, the increasing demand for liquid polybutadiene in the production of latex products is expected to propel the growth of the market. Moreover, the growing demand for liquid polybutadiene in the production of synthetic motor oils and lubricants is expected to fuel the growth of the market.
Prominent players covered in this research are
- Evonik Industries AG
- Nippon Soda Co., Ltd
- Synthomer
- TOTAL Cray Valley
Competitive Landscape
The market’s Prominent Manufacturers include Evonik Industries AG, Nippon Soda Co., Ltd, Synthomer, and TOTAL Cray Valley, among others.
Manufacturers strategize to list out the potential consumers across the globe and promote the product by adjusting price points. Furthermore, manufacturers possess the ability to present the product as a potential alternative in the market and find out potential end users to collaborate with under two-price tariffs.
This is set to create a wave in the market over utilization of the novel product. This is set to create a domino effect, which is also called positive network externalities, driving revenue growth. Further, market players are closely working with the customers to understand their specific requirements and develop innovative solutions to meet the demand.
Further, the market is highly consolidated and manufacturers are trying to maintain their long-run dominance in the market. Key manufacturers for instance are constantly involved in developing new product lines to enter the new application arena.
- In June 2022, Evonik’s Adhesives and Coatings company announced a new line of sustainable and durable liquid polybutadiene. The utilization of sustainably created butadiene in the production of this innovative product line is estimated to decrease the usage of fossil fuels by up to 99.9%.
Key Liquid Polybutadiene Market Survey Highlights and Projections
- Demand-supply data from Fact.MR’s of the liquid polybutadiene market show that sales will increase from US$ 353.6 million in 2022 to US$ 642.7 million in 2032.
- According to the report’s sales outlook for the liquid polybutadiene market, revenues will grow at a CAGR of 6.1% from 2022 to 2032.
- Sales of liquid polybutadiene in the US will increase steadily due to rising consumer confidence and the country’s economic recovery.
- The demand estimate for liquid polybutadiene in Europe is expected to stay stable as many nations, including the UK, France, and Germany, focus on accelerating growth.
- both South Korea and Japan Demand for liquid polybutadiene is anticipated to increase steadily between 2022 and 2032.
Segmentation of Liquid Polybutadiene Industry Research
- by Application :
- Rubber Manufacturing
- Adhesives & Sealants
- Polymer Modification
- Coating Formulations
- Others
- by End-Use :
- Paints & Coatings
- Elastomers
- Adhesives
- Construction
- Printing & inks
- Others
- by Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Key Takeaways from Market Study
- The global liquid polybutadiene market is valued at US$ 353.6 million in 2022
- Worldwide demand for liquid polybutadiene is anticipated to reach US$ 642.7 million by 2032-end
- During 2017-2021, sales of liquid polybutadiene increased at 5.0% CAGR
- East Asia tops the global liquid polybutadiene market accounting for 36.3% market share
- Rubber manufacturing application of liquid polybutadiene account for 37.3% share of global sales
“Mushrooming Construction and Paints & Coating Industries will offer Immense Growth Opportunity to the Market Over the Assessment Period.” says a Fact.MR analyst.
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