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%
According to a report by FactMR, the global liquid polybutadiene market is expected to witness steady growth over the forecast period from 2021 to 2031. Liquid polybutadiene is a type of synthetic rubber that is primarily used in the production of tires, adhesives, and coatings. The report notes that the growth of the automotive industry is a key driver of the liquid polybutadiene market. Liquid polybutadiene is widely used in tire manufacturing, which is a major application area for the product. As the demand for tires continues to grow, the demand for liquid polybutadiene is also expected to increase.
Additionally, the report highlights the increasing demand for adhesives and coatings in various industries, such as construction, packaging, and electronics. Liquid polybutadiene is used as a key ingredient in the production of adhesives and coatings due to its high resilience and durability.
The report also notes that the Asia Pacific region is expected to be the largest market for liquid polybutadiene, driven by the growth of the automotive and construction industries in countries such as China and India. Some of the key players in the global liquid polybutadiene market include Kuraray Co., Ltd., Evonik Industries AG, Total SA, Idemitsu Kosan Co., Ltd., and Sibur Holding.
Overall, the liquid polybutadiene market is expected to continue growing over the coming years due to the increasing demand for tires, adhesives, and coatings in various industries, particularly in the Asia Pacific region
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Segmentation of Liquid Polybutadiene Industry Research
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Key Companies Profiled
However, the market is highly competitive and manufacturers are vying to keep their long-term hegemony. For instance, major manufacturers are continuously working to create new product lines to access the new application space.
Which Factors Drive High Demand for the Market in Germany?
Several factors are driving high demand for the liquid polybutadiene market in Germany, including:
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Why does Elastomers Manufacturing Requires Liquid Polybutadiene?
Elastomers, also known as rubber, are commonly used in a wide range of applications such as tires, seals, hoses, and gaskets due to their elasticity, durability, and resistance to chemicals and heat. Liquid polybutadiene is a type of synthetic rubber that is used in the manufacturing of elastomers due to its unique properties and characteristics.
One of the main reasons why liquid polybutadiene is used in the manufacturing of elastomers is its ability to improve the mechanical properties of the final product. Liquid polybutadiene is a high-performance elastomer that can be blended with other rubbers to enhance their elasticity, resilience, and tensile strength. This makes it a popular choice for applications where high-performance elastomers are required.
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Jun 19, 2023