High-cis Polybutadiene Rubber Market
High-cis Polybutadiene Rubber Market Scope:
Industry Analysis, Market Size, Growth, Trends Till
2031
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High-cis Polybutadiene Rubber Market Size and Growth
The High-cis Polybutadiene Rubber market is experiencing growth driven by increasing demand in automotive and tire production. The global market size was valued at approximately $1.5 billion in 2023, with a projected CAGR of 5% over the next five years. Key factors include performance characteristics and sustainability initiatives in manufacturing.
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Companies Covered
(Covid 19 Impact Covered)
◍ Korea Kumho Petrochemical Co., Ltd (KKPC)
◍ Arlanxeo
◍ Trinseo
◍ Eni
◍ Ube Industries, Ltd
◍ Lanxess
◍ SABIC
The High-cis Polybutadiene Rubber market features players like KKPC, Arlanxeo, Trinseo, Eni, Ube Industries, Lanxess, and SABIC. These companies enhance market growth through innovative technologies, product enhancements, and strategic partnerships, catering primarily to tire manufacturing and various industrial applications. Sales figures include:
- KKPC: $2.8 billion
- Lanxess: $9 billion
- SABIC: $39 billion
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Market Segmentation
By Application
Tires
Belts
Golf Balls
Shoes
Automotive Parts
Others
By Product
◍ Cobalt Catalyst Type ◍ Nickel Catalyst Type
Neodymium Catalyst Type
Others
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Market Growth
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$ X Billion USD
