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
- Liquid Polybutadiene Market by Application :
- Rubber Manufacturing
- Adhesives & Sealants
- Polymer Modification
- Coating Formulations
- Liquid Polybutadiene Market by End-Use :
- Paints & Coatings
- Printing & inks
- Liquid Polybutadiene Market by Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
Key Companies Profiled
- Evonik Industries AG
- Nippon Soda Co., Ltd
- TOTAL Cray Valley
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.
- In June 2022, Evonik’s Adhesives and Coatings division announced the launch of a new line of long-lasting liquid polybutadiene. This cutting-edge product line is expected to utilize up to 99.9% less fossil fuel when made with butadiene that is sustainably produced.
Which Factors Drive High Demand for the Market in Germany?
Several factors are driving high demand for the liquid polybutadiene market in Germany, including:
- Robust automotive sector: Liquid polybutadiene is widely utilized in tire production, which raises demand for the commodity. Germany has a significant automotive industry.
- Construction industry expanding: The demand for building materials, such as flooring and adhesives, which use liquid polybutadiene as a key raw material, is predicted to increase as a result of Germany’s construction industry, which is expanding in particular in residential and infrastructure development.
- Emphasis on sustainability: The German government and private groups are putting a lot of effort into sustainability, which is increasing demand for green products like liquid polybutadiene-based adhesives and coatings.
- Germany is known for its high-tech production skills, which is anticipated to increase demand for liquid polybutadiene because the substance necessitates specialist knowledge and high-tech production procedures.
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.