Solid Polybutadiene to Drive Growth in the Polybutadiene Market
Polybutadiene is a synthetic rubber that is widely used in various industries due to its excellent mechanical properties, including high elasticity, low hysteresis loss, and resistance to abrasion, impact, and tearing. The polybutadiene industry produces this polymer in various forms, including high-cis, high-trans, and low-cis polybutadiene, to meet different application requirements. The polybutadiene market size is expected to grow from USD 10.8 billion in 2019 to USD 13.8 billion by 2024, at a CAGR of 5.1% during the forecast period. The report gives significant data and analysis on different major factors such as challenges, drivers, growth avenues, threats, and restraints with expert review data. The scope of the polybutadiene industry in 2023 is expected to be significant, with a projected market size of around USD 10.5 billion. This growth is driven by increasing demand from the tire industry, which accounts for more than half of the total polybutadiene c...