Polybutadiene Market Size Worth USD 23.34 Billion by 2034 | CAGR: 5.15%

The global polybutadiene market size is expected to reach USD 23.34 billion by 2034, according to a new study by Polaris Market Research. The report “Polybutadiene Market Size, Share, Trends, Industry Analysis Report: By Type, Application (Polymer Modification, Tire Manufacturing, and Industrial Rubber Manufacturing), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Polybutadiene is a synthetic rubber made from polymerized butadiene. It has several desirable properties, such as elasticity, wear resistance, ozone resistance, heat resistance, and filler and oil accommodation. Polybutadiene is used in various industries, including automotive and plastics.

Polybutadiene is most frequently utilized in the tire manufacturing sector. Because of its low rolling resistance and excellent abrasion resistance, it is a crucial part of the production of high-performance tires for cars, trucks, and other vehicles. It is utilized to create the soles and outsoles of shoes, which gives you a range of shoe styles, more comfort, and durability. It is employed in surgical gloves to offer protection and flexibility in the medical field. Additionally, it is occasionally added to adhesives to increase their flexibility and resistance to impacts.

The demand for polybutadiene is increasing as the construction industry expands, including road construction and tire replacement. Polybutadiene’s strong resilience and durability are used extensively in the industrial sector for applications like conveyor belts, hoses, tubing, and power transmission belts. The demand for sports equipment is increasing as more people become aware of the importance of healthy lifestyles, which is, in turn, driving up the demand for the market for polybutadiene. The development of new polybutadiene variants with enhanced properties is offering lucrative growth opportunities.

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Major polybutadiene market key players are investing in R&D initiatives to develop innovative formulations with improved qualities that meet specific requirements. In addition, major corporations are implementing advanced manufacturing technology to improve product quality and efficiency.

Key Highlights of Polybutadiene Market Report

• Based on application, the tire manufacturing segment accounted for the largest market share of 80.4% in 2024 due to the exceptional properties of polybutadiene that improve tire performance and durability.
• Based on type, the market is segmented into low cis polybutadiene, high cis polybutadiene, high vinyl butadiene, and high trans polybutadiene. In 2024, the high cis polybutadiene segment dominated the market with a 63% revenue share. The growing automobile industry and increased emphasis on high-performance tires are driving the demand for high cis polybutadiene.
• In 2024, Asia Pacific dominated the global market, accounting for 41% of total revenue share. The developing automobile sector, rapid urbanization, and rising disposable incomes contribute to the region’s dominance.
• The North America polybutadiene market is expected to register a CAGR of 4.3% during the forecast period. This demand is being driven by the region's large vehicle manufacturing base, as well as an increased emphasis on tire performance and lifetime.
• A few of the leading companies in the market are China Petroleum and Chemical Corporation, Evonik Industries, Reliance Industries Ltd., JSR Corporation, Lanxess AG, The Goodyear Tire and Rubber Company, Kumho Petrochemical Co. Ltd, Synthos S.A, UBE Industries Ltd., and Lyondel Basell Industries NV.

Polaris Market Research has segmented the polybutadiene market report on the basis of type, application, and region:

Polybutadiene Market Segmentation

By Type Outlook (Revenue – USD Billion, 2020–2034)

• Low Cis Polybutadiene
• High Cis Polybutadiene
• High Vinyl Polybutadiene
• High Trans Polybutadiene

By Application Outlook (Revenue – USD Billion, 2020–2034)

• Polymer Modification
• Tire Manufacturing
• Industrial Rubber Manufacturing

By Regional Outlook (Revenue – USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

Polybutadiene Market Report Scope