Chemicals Industry Today
Liquid Polybutadiene Market Growth at 4.85% Manufactures, Types and Regions, Market Dynamics, & Forecast
Global Liquid Polybutadiene Market Information by Application (Tire Manufacturing, Industrial Rubber, Polymer Modification, Protective Films, Chemicals, Coatings, Adhesives & Sealants, and Others), by End Use (Transportation, Construction, Industrial, and Others) and by Region (Asia Pacific, Europe, North America, Latin America, and Middle East & Africa) - Forecast till 2023
Published 19 January 2018
Market Synopsis of Global Liquid Polybutadiene Market:
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. Among these applications, the tire manufacturing accounts for the largest market share as of 2016 and is estimated to grow at the highest CAGR of 5.31% during the forecast period. In the coming years, the tire manufacturing segment is anticipated to retain its dominance due to the constantly rising demand from the automotive industry. Apart from tire manufacturing industry, industrial rubber is another substantial application of the Liquid Polybutadiene and is holding 19% share of the market.
On the basis of end use, the Global Liquid Polybutadiene Market is segmented into transportation, construction, industrial, and others. Transportation is the leading segment and it is expected to grow at the highest CAGR to reach USD 1,548.3 million by the end of 2023. This industry is the key consumer of Liquid Polybutadiene and accounts for the major share of the overall demand for the product. The construction industry is closely following the leading transportation industry, and is estimated to grow at a considerable CAGR over the review period.
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Regional Analysis:
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 dominance of Asia Pacific region is mainly attributed to the rapid industrialization in the region along with the presence of considerable number of producers coupled with cheap labor cost. Asia Pacific region is followed by Europe, which accounted for the second largest market share owing to rising renovation and repair in construction industry. As of 2016, Germany accounted the largest market share of 29.70% in Europe and expected to remain dominance throughout the forecast period owing to greater penetration of end user industries in the country.
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.
Industry/ Innovation/ Related News:
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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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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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. Among these applications, the tire manufacturing accounts for the largest market share as of 2016 and is estimated to grow at the highest CAGR of 5.31% during the forecast period. In the coming years, the tire manufacturing segment is anticipated to retain its dominance due to the constantly rising demand from the automotive industry. Apart from tire manufacturing industry, industrial rubber is another substantial application of the Liquid Polybutadiene and is holding 19% share of the market.
On the basis of end use, the Global Liquid Polybutadiene Market is segmented into transportation, construction, industrial, and others. Transportation is the leading segment and it is expected to grow at the highest CAGR to reach USD 1,548.3 million by the end of 2023. This industry is the key consumer of Liquid Polybutadiene and accounts for the major share of the overall demand for the product. The construction industry is closely following the leading transportation industry, and is estimated to grow at a considerable CAGR over the review period.
Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/3999
Regional Analysis:
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 dominance of Asia Pacific region is mainly attributed to the rapid industrialization in the region along with the presence of considerable number of producers coupled with cheap labor cost. Asia Pacific region is followed by Europe, which accounted for the second largest market share owing to rising renovation and repair in construction industry. As of 2016, Germany accounted the largest market share of 29.70% in Europe and expected to remain dominance throughout the forecast period owing to greater penetration of end user industries in the country.
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.
Industry/ Innovation/ Related News:
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.
Access Complete Report @ https://www.marketresearchfuture.com/reports/liquid-polybutadiene-market-3999
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
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