Global Liquid Polybutadiene (LPBD) Market, By Application (Adhesives and Sealants, Rubber Compounds and Elastomers, Tire manufacturing, Electrical Insulation, Polymer/Resin Modification, Paints and Coatings, Others), End Use (Automotive, Chemical, Industrial, Housing and Construction, Electronics, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
The use of plastic in the liquid polybutadiene (LPBD) industry has increased in recent years, and this trend is expected to continue in the near future. The increased use of liquid polybutadiene (LPBD) in thermosetting plastic materials, curing, and handling processes such as those used for polyester resins fuel market growth.
Global Liquid Polybutadiene (LPBD) Market was valued at USD 1470.00 million in 2021 and is expected to reach USD 2171.86 million by 2029, registering a CAGR of 5.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Application (Adhesives and Sealants, Rubber Compounds and Elastomers, Tire manufacturing, Electrical Insulation, Polymer/Resin Modification, Paints and Coatings, Others), End Use (Automotive, Chemical, Industrial, Housing and Construction, Electronics, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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ARLANXEO (Netherlands), JSR Corporation (Japan), UBE Corporation (Japan), KUMHO PETROCHEMICAL.(South Korea), The Goodyear Tire & Rubber Company (U.S.), SABIC (Saudi Arabia), China Petroleum Corporation (China), Shell (U.K.), corporate.evonik (Germany), Ineos (U.K.), LANXESS (Germany), LG Chem (South Korea), LyondellBasell Industries Holdings B.V. (Netherlands), PJSC "Nizhnekamskneftekhim" (Russia), Repsol (Spain), TPC Group (U.S.), Formosa Plastics Corporation (U.S.)
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Market Opportunities
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Market Definition
Liquid polybutadiene is a colorless, transparent chemical molecule that is the highly reactive counterpart to solid polybutadiene. It's a common ingredient in paint and coating intermediates. Because of its hydrophobic properties, liquid polybutadiene is also in high demand in the electronics industry. It is also used to modify polymers to change the finished product's characteristics or improve its performance.
Liquid Polybutadiene (LPBD) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Utilization Across Various End Users
The ongoing demand for chemical resistance is driving the market for liquid polybutadiene (LPBD). Moreover, the growing use of liquid polybutadiene (LPBD) in thermosetting plastic materials, curing, and process handling, such as for polyester resins, is fueling the growth of the liquid polybutadiene (LPBD) market. Furthermore, the expansion of the construction industry is driving demand for the liquid-polybutadiene market, assisting in reaching a good market valuation by the end of the global forecast period.
- Various Applications in Automotive Sector
As per the liquid polybutadiene (LPBD) market report, the global usage of liquid polybutadiene in various sectors is expected to increase massively over the next few years. Treads, rims, apex, tyre manufacturing and carcasses are common applications for liquid polybutadiene rubber within the automotive sector. Therefore, with the surge in vehicle sales, the liquid polybutadiene (LPBD) market is expected to thrive during the forecast period. Electric vehicle stocks are expected to grow at a 36 percent annual rate and to sell up to 245 million vehicles by 2030. Developing countries such as India, Brazil, and China are experiencing an increase in automobile demand, which is further expected to influence the growth of the global liquid polybutadiene (LPBD) market.
Furthermore, polybutadiene's high demand can be attributed to properties such as abrasion resistance, high resilience, and cut growth resistance. Also, rising disposable incomes, a large consumer base, and increased raw material availability accelerate market growth.
Opportunities
- Surge in Adoption of Bio-Based Liquid Polybutadiene and Investments
Furthermore, the growing adoption of bio-based liquid polybutadienes extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the growing investments and developmental activities for liquid polybutadiene (LPBD) will further expand the future growth of the liquid polybutadiene (LPBD) market.
Restraints/Challenges
- Stringent Environmental Regulations
However, the global liquid polybutadiene (LPBD) market is governed by stringent regulations. The main reason for the imposition of these regulations is the negative impact of plastic use on the environment and the growing concerns about it.
- Volatility In Prices
The market for liquid polybutadiene (LPBD) is also largely hampered by the volatility of crude oil and raw material costs throughout the forecast period. The volatility of crude oil and raw material costs further increase the overall cost of the product. This factor pose as a major challenge for the market.
This liquid polybutadiene (LPBD) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the liquid polybutadiene (LPBD) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Liquid Polybutadiene (LPBD) Market
The recent outbreak of coronavirus had a negative impact on the liquid polybutadiene (LPBD) market. The virus's obnoxious spread is forcing production and manufacturing units to reduce their output levels. Also due to the temporary and permanent lockdown, some of them have ceased operations. However, some of them have been forced to close their services due to a lack of cash flow and raw materials, both of which are critical to the market's operation. Furthermore, meeting market demand is becoming increasingly difficult, so the target audience is looking for alternatives. The lockdown has forced people to reduce their use of vehicles, and those who had planned to do so are deferring their plans as the second wave hits the countries in a much worse way. Additionally, there is a growing emergence and volatility in commodity prices such as crude oil and other raw materials. This presents market barriers that are being removed by adopting new uses of the market's key players through its functions.
On the brighter side, the government is developing schemes, key research options, and strategies in collaboration with the market's emerging players. Furthermore, the emphasis is on the development of marketing strategies and product lines that will assist markets in recovering from losses and resuming operations in a profitable manner.
Global Liquid Polybutadiene (LPBD) Market Scope
The liquid polybutadiene (LPBD) market is segmented on the basis of application and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
- Adhesives and Sealants
- Rubber Compounds and Elastomers
- Tire manufacturing, Electrical Insulation
- Polymer/Resin Modification
- Paints and Coatings
- Others
End Use
- Automotive
- Chemical
- Industrial
- Housing and Construction
- Electronics
- Others
Liquid Polybutadiene (LPBD) Market Regional Analysis/Insights
The liquid polybutadiene (LPBD) market is analyzed and market size insights and trends are provided by country, application and end use as referenced above.
The countries covered in the liquid polybutadiene (LPBD) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the region's rise in the downstream industry.
On the other hand, Asia-Pacific is estimated to show lucrative growth over the forecast period of 2022-2029, due to the presence of leading automotive manufacturers in the region. India has seen the highest demand for liquid polybutadiene among all countries in the region because of the country's growing end-use industry application.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Liquid Polybutadiene (LPBD) Market Share Analysis
The liquid polybutadiene (LPBD) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to liquid polybutadiene (LPBD) market.
Some of the major players operating in the liquid polybutadiene (LPBD) market are
- ARLANXEO (Netherlands)
- JSR Corporation (Japan)
- UBE Corporation (Japan)
- KUMHO PETROCHEMICAL (South Korea)
- The Goodyear Tire & Rubber Company (U.S.)
- SABIC (Saudi Arabia)
- China Petroleum Corporation (China)
- Shell (U.K.)
- corporate.evonik (Germany)
- Ineos (U.K.)
- LANXESS (Germany)
- LG Chem (South Korea)
- LyondellBasell Industries Holdings B.V. (Netherlands)
- PJSC "Nizhnekamskneftekhim" (Russia)
- Repsol (Spain), TPC Group (U.S.)
- Formosa Plastics Corporation (U.S.)
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