Liquid Polybutadiene Market: Investment Analysis and Growth...

Liquid Polybutadiene Market: Investment Analysis and Growth Potential till 2032

Posted 2024-04-17 17:55:37

The global Liquid Polybutadiene Market is projected to reach US$ 353.6 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.1% over the forecast period of 2022–2032, according to Fact.MR, a provider of competitive intelligence and market research.

Liquid polybutadiene is added to products as an external additive or as a supplemental chemical to improve performance or add certain features. The rubber, adhesives & sealants, and coatings industries' improving adaptation to the favorable network externalities and rising integration are expected to fuel market expansion. Liquid polybutadiene that is biobased and sustainable is an added benefit for the market's expansion.

Further, it has applications across paints and coatings. It is used in formulating the coatings to reduce the overall solvent content for the final coating formulation. Currently, Liquid Polybutadiene-A is majorly channelled in the market but the novel higher vinyl content liquid polybutadiene is gaining traction in the coatings industry. Thus, growth in the paints and coatings industry is expected to bolster the demand for liquid polybutadiene.

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Moreover, growing demand for the product and the unavailability of substitutes not in the near future has ignited the price of the product. Price increase has hardly affected the demand for liquid polybutadienes which is set to grow strong on demand curves where the curve is set to provide a strong equilibrium over a medium-term forecast period even at higher price points.

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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Market Development

Growing research and development and expansion of production capacity among the manufacturers such as Evonik and Nippon Soda, in liquid polybutadiene portrays a clear picture of the market's key strategy. Furthermore, investment by the firms to promote the product and collaborate with the tire manufacturers provides an image of the higher market potential over the medium-term forecast period.

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 Companies Profiled

Evonik Industries AG
Nippon Soda Co., Ltd
Synthomer
TOTAL Cray Valley
Others

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global liquid polybutadiene market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of application (rubber manufacturing, adhesives & sealants, polymer modification, coating formulations, and others), end-use (paints & coatings, elastomers, adhesives, construction, printing & inks, and others), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

Segmentation of Liquid Polybutadiene Industry Research:

Liquid Polybutadiene Market by Application :
- Rubber Manufacturing
- Adhesives & Sealants
- Polymer Modification
- Coating Formulations
- Others
Liquid Polybutadiene Market by End-Use :
- Paints & Coatings
- Elastomers
- Adhesives
- Construction
- Printing & inks
- Others
Liquid Polybutadiene Market by Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA