The industry experts and market leaders predict an increase in the worldwide use of the liquid-polybutadiene in a lot of market sectors. These are inclusive of the tire, increase in the figure of the vehicle sales, as well as, the rubber manufacturers by the end of the global forecast period ending in 2023.
Competitive Landscape:The global liquid-polybutadiene market is estimated to grow at a 4.8% CAGR by the end of the global forecast period in 2023. The emergence of the key market players is important to help the market grow and reach the predicted figures by the end of the forecast period in 2023. Also, it is important to draw a competitive market landscape considering the revenue collection, mergers, acquisitions, as well as, the product developments and launches. The key market players are as follows:
COVID 19 Analysis:The world is struggling to move over the adverse impact which the COVID 19 pandemic has brought along. The obnoxious spread of the virus is subsequently forcing the production and manufacturing units to reduce their production levels. Some of them have shut their functioning due to the imposition of temporary and permanent lockdown. However, some of them have been forced to shut the services due to the unavailability of cash flow and raw material that is important for the market’s working. Also, it is becoming difficult to meet the market demand and hence, the target audience is on the lookout for alternate options. The lockdown has imposed people to reduce the use of vehicles and the ones who had planned to do so, are also deferring the thought as the second wave is hitting the countries in a rather more worse way.
However, the government is coming up with schemes, key research options, and strategies in collaboration with the emerging players of the market. Also, the focus is on the development of marketing strategies and product lines that will help the markets emerge from the losses that have been incurred and resume the operations in an awarding way.
Market Dynamics:Drivers:The global market is witnessing a huge increase in the segment of tire manufacturing. This is under various production lanes belonging to the key market players. This is going to surge the global demand at a considerable quantum. Also, the growth of the construction industry is playing a major role in driving the demand for the liquid-polybutadiene market, helping to reach a good market valuation by the end of the global forecast period in 2023.
Restraints:However, the global LPBD market is witnessing strict regulations. The main reason behind the imposition of these regulations is the adverse impact of the use of plastic on the environment and the rising concerns related to the same.
Technology Analysis:The ongoing LPBD market is witnessing an emerging trend in the form of wide-scale adoption of bio-based liquid polybutadiene. This is majorly and more prominent in the marketing and manufacturing industry. Also, there has been an upsurge in the construction activities that are on the way. This is in geographical locations like Asia, as well as, the Middle East and Africa. These are offering lucrative opportunities for growth to major industries functioning in these areas. The key market players of major locations like Asian Pacific nations, European countries, as well as, the North American nations are targeting widespread growth during the forecast period ending in 2023.
Segment Overview:The global liquid-polybutadiene market is further bifurcated into various segments that will help the market grow as per the predicted CAGR growth by the end of the future forecast period in 2023. The market has been segmented based on the following:
Application:Based on application, the market has been segmented into tire manufacturing, chemicals, industrial rubber, coatings, adhesives, polymer modification, sealants, protective films, and much more. Tire manufacturing is expected to dominate the market by the end of the future forecast period in 2023.
End-use:The market end-use is extended to the transportation sector, construction, industrial among other sectors. Owing to the current market trends, the transportation and construction sector is likely to emerge and enjoy domination in the future forecast ending in 2023.
Regions:Based on the geographical regions, the global liquid-polybutadiene market is extended to major locations like Europe, Asian Pacific nations, the North American region, Latin America, as well as, the Middle East and Africa (MEA).
Regional Analysis:The growth of the LPBD market is a result of different factors like the emerging market players. These players are coming up with espousing growth strategies that have a major role to play when it comes to working through the expansions, partnerships, as well as, growth agreements.
Also, the Asian Pacific market is expected to increase at a considerable market rate that will help in the expansion of the key market players of this region in the upcoming forecast period ending in 2023. The companies belonging to the Asian Pacific nations are deploying major workforce and inputs like machinery to drive major market growth by the end of 2023. Also, the European nations are expecting a huge demand for the LPBD market during the ongoing forecast period.
Recent Developments:In 2016, Kuraray Co. Ltd, PTT Global Chemical, as well as, Sumitomo Corporation had signed a memorandum of understanding to conduct a shared study targeting the expansion of the Butadiene derivates in various parts of Thailand.
Report Overview:The global LPBD market report includes the market dynamics that include the drivers, trends, opportunities, as well as, restraints on the way of growth for the market. Also, the report considers the viewpoint of the industry experts and leaders and studies the revenue models, mergers, and acquisitions of the key market players and subsequently draws a competitive landscape for the market growth. Further, the market report shows the impact of the global pandemic and the steps that are being taken by the government side, market players, as well as, the research institutions for overcoming the loss and emerging for growth results. Also, the report includes the performance of the market segments, as well as, their performance in various domestic and international regions.
| Report Attribute/Metric | Details |
| Market Size | 2030: USD 2.96 billion 2030: Significant Value |
| CAGR | 4.8%(2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Application and End-Use |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Cray Valley, Kuraray Co. Ltd., Evonik Industries AG, SIBUR International GmbH, Nippon Soda Co. Ltd., Reliance Industries Limited, Synthomer plc, Versalis S.p.A., Uber Industries |
| Key Market Opportunities | The current market is undergoing a huge demand for chemical resistance |
| Key Market Drivers | The growth of the construction industry is playing a major role |
Liquid Polybutadiene Market Highlights:
Frequently Asked Questions (FAQ) :
The market is expected to grow at a CAGR of 4.85 by the end of the forecast period in 2030.
The Asian Pacific or APAC region
The market has been segmented based on application, end-users and regions.
Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
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