Liquid Polybutadiene Market is expected to grow at a CAGR 4.85% during forecast period 2016-2023
The global liquid polybutadiene market is projected to reach USD 3,776.5 million till 2023, expanding at CAGR of 4.85% during review period. The primary factor favoring this growth is an increasing demand of the product from transportation sector. The tire manufacturing segment holding the largest market share, as of 2016 and is growing at a highest CAGR of 5.31% during the forecast period.
The prominent players in the Global Liquid Polybutadiene Market are Kuraray Co. Ltd (Japan), SIBUR International GmbH (Austria), Idemitsu Kosan Co.,Ltd. (Japan), Versalis S.p.A (Italy), Evonik Industries AG (Germany), Cray Valley (France), and NIPPON SODA CO., LTD (Japan), among others.
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The Global Liquid Polybutadiene Market is segmented on the basis application, end use, and region. On the basis of application the market is divided into tire manufacturing, industrial rubber, polymer modification, protective films, chemicals, coatings, adhesives & sealants, and others. Based on end use, the market is segmented transportation, construction, industrial, and others.
North America is another significant region in the Global Liquid Polybutadiene Market. The US dominates the North American market in terms of value and volume. Latin America and the Middle East & Africa are estimated to grow at a moderate rate during the forecast period. The Global Liquid Polybutadiene Market is segmented into five key regions Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among them, Asia Pacific accounted for the largest market share in 2016, and is projected to grow at the highest CAGR of 5.34% to reach USD 1,483.2 million by the end of 2023.
The Global Liquid Polybutadiene Market is estimated to reach USD 3,776.5 million by 2023 at a CAGR of 4.85% during the forecast period. This is attributed to increasing demand for the product from the transportation sector. Based on the application, the Global Liquid Polybutadiene Market is characterized into tire manufacturing, industrial rubber, polymer modification, protective films, chemicals, coatings, adhesives & sealants, and others.
Browse the market data and information spread across 123 pages with 33 data tables and 12 figures of the report “Liquid Polybutadiene Market Research Report- Forecast to 2023” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/liquid-polybutadiene-market-3999
June 29, 2017- Total Cray Valley introduced a new PolyFarnesene diol in line of Krasol- brand and Ricon-brand which is liquid polybutadiene resin. It is based on trans-β-farnesene, a renewable alternative to petroleum-based feedstocks like butadiene. Krasol F 3000 can replace polyether and polyester diols.
February 20, 2017- Kuraray Co., Ltd. has developed liquid farnesene rubber for tire manufacturing. Sumitomo Rubber Industries, Ltd. has adopted liquid farnesene rubber (LFR) as performance enhancing additive in studless tire WINTER MAXX 02. This LFR is developed by Kuraray using bio-technology derived monomer called Farnesene with help of Amyris, Inc.
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