Solid Polybutadiene Rubber Market
Solid Polybutadiene Rubber Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Solid Polybutadiene Rubber Market Size and Growth
The Solid Polybutadiene Rubber market is experiencing steady growth, driven by increased demand in automotive and industrial applications. In 2023, the market size is estimated to reach approximately $3.5 billion, with a projected CAGR of 4.2% over the next five years, reflecting ongoing innovations and expansions in production capacities.
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Companies Covered (Covid 19 Impact Covered)
◍ Kumho Petrochemical Co. Ltd. (South Korea)
◍ SIBUR (Russia)
◍ JSR Corporation (Japan)
◍ LANXESS AG (Germany)
◍ Kuraray Co. Ltd. (Japan)
◍ UBE Industries Ltd. (Japan)
◍ SABIC (Saudi Arabia)
◍ LG Chem ltd. (South Korea)
◍ Versalis S.p.A. (Italy)
◍ Sinopec (China)
The Solid Polybutadiene Rubber Market features players like Kumho Petrochemical, SIBUR, and JSR Corporation, focusing on innovation and production efficiency. Companies leverage applications in tires and industrial goods, enhancing market growth. Notable revenues include SABIC with $40 billion and LG Chem with $26 billion, driving demand through diverse product offerings.
Market Segmentation
By Application
Tire
Polymer Modification
Chemical
Industrial Rubber Manufacturing
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By Product
High Cis Solid Polybutadiene
Rubber
Low Cis Solid Polybutadiene
Rubber
High Trans Solid Polybutadiene
Rubber
High Vinyl Solid Polybutadiene
Rubber
Market Growth
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$ X Billion USD
