GLOBAL POLYBUTADIENE MARKET FORECAST WITH A CAGR OF 6.4 PERCENT BY 2028


GLOBAL POLYBUTADIENE MARKET FORECAST WITH A CAGR OF 6.4 PERCENT BY 2028

The global polybutadiene market is poised to grow at a CAGR of around 6.4 percent by 2028, according to the latest report from Reportlinker. Some of the prominent trends that the market is witnessing include soaring demand for synthetic rubber in tire manufacturing, growing demand from the automotive industry and rise in adoption of polybutadiene across various industries. Based on type, the market is categorized into solid polybutadiene rubber and liquid polybutadiene rubber. Furthermore, solid polybutadiene rubber is divided into high CIS polybutadiene, low CIS polybutadiene, high vinyl polybutadiene and high trans polybutadiene. By application, the market is segmented into tire manufacturing, chemical, polymer modification, industrial rubber manufacturing and other applications. This industry report analyzes the market estimates and forecasts of all the given segments on global, as well as regional levels presented in the research scope. The study provides historical market data for 2017 and 2018; revenue estimations are presented for 2019, and forecasts until 2028. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and rest of the world, the report is a valuable asset for the existing players, new entrants and future investors. The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data are gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub-segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

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