- A polymer, known as polybutadiene, is obtained from the polymerization of the monomer 1, 3-butadiene. Polybutadiene is a synthetic rubber. The polybutadiene market is witnessing considerable growth. This is due to increasing consumer industries, including automotives, aerospace and plastic.
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The main purpose of polybutadiene is to manufacture tires. Polybutadiene has high resistance to wear and tear. Tires consume 70 percentage of the total polybutadiene market. Other products manufactured from polybutadiene are golf balls and coatings of electronic assemblies.
The key factor driving the polybutadiene market is the increasing use of polybutadiene in the manufacture of tires. However, volatility in feedstock, regulatory issues and increasing use of bio-based polybutadiene are likely to hamper the market over the coming years.
The polybutadiene market is bifurcated into types and geographies. On the basis of types, the market can be fragmented into high vinyl polybutadiene, metallocene polybutadiene, low cis polybutadiene, high trans polybutadiene and high cis polybutadiene.
Both high and low cis polybutadiene have emerged as the leading products. This is on account of low manufacturing costs and easy availability of cis polybutadiene. Metallocene polybutadiene is the fastest growing product and is expected to continue likewise in the years to come. This is due to the high wear and tear resistance and durability of metallocene polybutadiene.
Globally, Asia Pacific dominated the polybutadiene market. North America, Europe and ROW (rest of the world) followed Asia Pacific. This was on account of increasing automotives sector in the region. China has emerged as the largest manufacturer of automotives. Europe and North America are experienced markets and projected to show sluggish growth over the coming years.
Information Source: Grand View Research
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