by Polybutadiene rubber is ideal for sustainable vehicle tires due to its strength, flexibility and recyclability. Polybutadiene rubber is a type of synthetic rubber derived from petroleum that provides strength and elasticity to tires without using natural rubber latex. With better wear resistance and similar performance to natural rubber, polybutadiene rubber tires help reduce fuel consumption and lower greenhouse gas emissions from vehicles.
The Global Polybutadiene Market is estimated to be valued at US$ 6.23 Bn in 2024 and is expected to exhibit a CAGR of 8.8% over the forecast period from 2024 to 2030.
Polybutadiene rubber is mainly used in the production of vehicle tires due to its excellent reinforcement properties, tread wear resistance and lower heat build-up compared to natural rubber. The rising automotive industry and stricter environmental regulations are expected to drive demand for polybutadiene rubber in tires.
Key Takeaways
Key players operating in the Global Polybutadiene Market Size are Envista Holdings Corporation, Planmeca Oy, Acteon Group, DENTSPLY Sirona, Carestream Dental, VATECH Co. Ltd., Owandy Radiology, Durr Dental SE, Midmark Corporation, Genoray Co. Ltd., Asahi Roentgen Co. Ltd., 3Shape, PreXion Inc., Cefla Medical Equipment, Apteryx Imaging (Canada), Yoshida Dental Mfg. Co. Ltd, and Align Technology Inc.
The increasing vehicle fleet and kilometers traveled globally have been driving the demand for tires. Polybutadiene rubber provides better wear resistance and lower rolling resistance over natural rubber, increasing its use in efficient and durable tires.
Top tire manufacturers have been investing in polybutadiene rubber production facilities globally to cater to the growing tire demand. The rising Automotive industry in emerging countries of Asia Pacific and Latin America is expected to boost polybutadiene rubber consumption.
Market Key Trends
Self-healing tire technology using polybutadiene rubber is a key trend gaining attention to enhance tire durability and puncture resistance. Microcapsules of bio-based healing agent are added to polybutadiene rubber which helps closing of puncture holes automatically. Besides higher mileage and safety, self-healing tires made of polybutadiene rubber are more sustainable and recyclable at the end-of-life compared to conventional tires. This emerging technology is expected to transform the tire industry in the coming years.
Porter’s Analysis
Threat of new entrants: The polybutadiene market requires high initial investments for R&D and production facilities which makes it difficult for new players to enter.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and differentiated products from existing players in the market.
Bargaining power of suppliers: A few major suppliers exist for key raw materials like butadiene which gives them some control over prices.
Threat of new substitutes: Potential substitution threat exists from other synthetic rubber products and natural rubber however polybutadiene has established applications.
Competitive rivalry: The market has many global and regional players competing on factors like pricing, quality and production capacity.
Geographical Regions
Asia Pacific accounts for the largest share of the global polybutadiene market both in terms of production and consumption. Countries like China, Japan and India have a large rubber manufacturing industry utilizing polybutadiene.
Western Europe is the fastest growing geographical region for the polybutadiene market driven by recovery of the automotive sector there and high demand from the tire industry. Countries like Germany, UK, Italy and France are major European consumers.
