Liquid Polybutadiene Market
Liquid Polybutadiene Market By Application (Rubber Manufacturing, Adhesives & Sealants, Polymer Modification, Coating Formulations), By End-use (Paints & Coatings, Elastomers, Adhesives, Construction, Printing & inks), By Region - Global Market Insights 2022 to 2032
Analysis of Liquid Polybutadiene market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Innovative Trends to Steer Liquid Polybutadiene Market
The global liquid polybutadiene market is set to enjoy a valuation of US$ 353.6 million in 2022 and further expand at a CAGR of 6.1% to reach US$ 642.7 million by the end of 2032.
Sales of liquid polybutadiene accounted for nearly 3.1% of the global polybutadiene market at the end of 2021. Booming demand across paints and coatings fuels the overall sales of the market.
Liquid Polybutadiene Market Size (2022A)
US$ 353.6 Million
Polybutadiene Market (Parent)
US$ 11.4 Billion
Forecasted Market Value (2032F)
US$ 642.7 Million
Global Market Growth Rate (2022-2032)
North America Market Share (2022)
Europe Market Share (2022)
China Market Share (2022)
Key Companies Profiled
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Competitive landscape highlights only certain players
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Sales Analysis of Liquid Polybutadiene
With the growing demand for the LPD across various end-use industries such as elastomers, paints, and coatings, to augment the market's growth. Companies are constantly looking for better purity grades for customers in the field of producing rubber and coatings.
Further, key manufacturers and new players are focused to expand and grow in international markets by acquiring new customers and avenues for revenue growth. Practicing sales diversification strategy to provide an extra edge to the manufacturers. Resilient customer relationships with end-consumers, reinforced through long-term supply contract has been at the front of the diverse policies and strategies adopted by major market players.
Most of the manufacturers are continuing in the market with existing product offerings. On the other hand, other players, specifically in developed countries are adopting long-lasting and increased durability approaches to improvise product quality for their customers. The companies have been significantly looking for acquiring customers in tire manufacturing owing to the rapid demand growth of the market.
- Early Market Growth Factors: The booming paints and coatings industry offers the market immense growth opportunities during the projected period.
- Medium Term (2025-2028): Demand from emerging markets and a plethora of applications to bolster the market’s growth over the period.
- Long Term (2028-2032): The adoption of organic and inorganic marketing strategies by market players coupled with the power of digitalization and R&D to supplement the market's growth during the forecast period.
Over the 2017-2021 historical period, the global liquid polybutadiene market registered a CAGR of 5.0%, and according to the Fact.MR, a market research and competitive intelligence provider, the market is projected to exhibit growth at 6.1% CAGR between 2022 and 2032.
Market share analysis of liquid polybutadiene based on application and region is provided in a nutshell in the above image. Under the application segment, the rubber manufacturing segment dominates with a 37.3% market share in 2022.
“Growing Demand for Moisture Resistant Electronics to Augment Need for the Market”
Key electronic product manufacturers market their products as moisture and water-resistant or water-repellent. Consumers across the region are preferring water-resistant devices to enhance the life of the product and to lower the overall spending of the product over amortized years. This cascades the effect on manufacturers as they tend to incline towards inexpensive yet lucrative hydrophobic formulations.
One such formulation is utilizing liquid polybutadiene as a precursor for processing the hydrophobic films and compounds. The growing hydrophobic film market is set to bolster the demand for the market over the long-run forecast period. Moreover, an increase in the need for inexpensive low-cost formulations is preferred by manufacturers. Furthermore, for producing medical devices, a relatively lower VOC formulation is required that could be obtained through the utilization of the market.
“Diversification of Application to Open Avenues for Manufacturers to Earn Extra Dollar”
In the beginning, the market was restricted to the rubber and coatings industry. Now the product has evolved and has spread out into different avenues such as flex printing, electrical and electronics, plasticizer additive, metal adhesion, and the bundle of other niche applications.
With the growing investments in R&D and spreading out in product lines, the market risk has also diversified for manufacturers.
Therefore, the decline in one industry has little impact on the business of liquid polybutadiene. Its demand is concentrated in the coatings industry, followed by the rubber industry. Therefore, over the short-term forecast period, the market is concentrated on countable applications.
However, the scenario is expected to take a turn over the medium-term to the long-run forecast period. Owing to the aforementioned factors, the market is expected to provide manufacturers a risk-free growth over the long-run forecast period.
“Fluctuating Prices of Petrochemicals to Negatively Affect Market Growth”
Petrochemical prices have largely fluctuated in the past half-decade and the price fluctuations could largely be assessed concerning crude oil prices. It is considered under the umbrella of petrochemicals. Therefore, price fluctuations could largely be assessed over the same period.
The decline in petrochemical prices acts as a boon to manufacturers to maintain prices whereas an incline in prices of butadiene negatively affects the production parameter and the overall cost structure of the market. Therefore, price fluctuations always remain high and the manufacturer of the product is always at risk to channel the product at a relatively lower price affecting the margins and short-term strategy and goals of the firm concerning the liquid butadiene market.
Which Factors Drive High Demand for the Market in Germany?
The booming automotive industry across Germany pushes the market’s growth trajectory. For instance, Europe is dominated by Germany which accounts for around one-third of the regional demand. Germany is the largest manufacturer and exporter of automobiles in the EU.
- German OEMs invested US$ 28.3 billion in research and development accounting for one-third of global automotive R&D investments in 2021.
As, it is used for rubber manufacturing used in vehicles coupled with application in tires, spurs the market’s demand outlook.
Why is the China Market is Expected to Be Highly Lucrative?
The surging paints and coatings industry across China determine the market’s strength. Alkyd resin is set to capture the majority of the market share. The dominance of alkyd resin in the coatings market is due to the relatively low cost of the product.
Liquid polybutadiene could be used in formulating the coatings to reduce the overall solvent content for the final coating formulation. Currently, Liquid Polybutadiene-A is majorly channeled in the market but the novel higher vinyl content liquid polybutadiene is gaining traction in the coatings industry. All in all, growth in the paints and coatings industry is expected to bolster the demand for the market.
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Why Rubber Manufacturing is the market’s major application?
In addition to direct automotive assembly, LPBd plays an important role in auxiliary components made from rubber. These polymers are formulated into a wide variety of rubber components, from oil seals, tire compounds engine mounts, transmission belts, and cooling tubes, among others. Numerous auxiliary chemicals are frequently used in rubber compounds to improve their properties.
It executes a variety of roles as co-curing during vulcanization to expand the crosslinking density of the compound and rubber modifiers. This can improve a wide range of characteristics, from adequate compression set in engine seals and mounts to reduced Tg for improved wet grip in winter tires.
In tubes and reinforced belts, bonding the rubber base to the metal-reinforced or textile material is essential for strength. The polar maleic anhydride groups on some types of liquid polybutadiene significantly improve the bonding strength betwixt rubber and steel reinforcement. Such factors are projecting the proliferating demand for the market across the rubber manufacturing segment.
Why does Elastomers Manufacturing Requires Liquid Polybutadiene?
It is extensively used as a co-agent and modifier in manufacturing elastomers. High heat, chemical, and solvent resistance are key characteristics of liquid polybutadiene-made elastomers. Owing to these characteristics, various end-use industries ranging from electronics, paints, coatings, and tire industry have inclined towards utilization of the product to manufacture downstream products.
Manufacturers and their key Stratagem
The market’s Prominent Manufacturers include Evonik Industries AG, Nippon Soda Co., Ltd, Synthomer, and TOTAL Cray Valley, among others.
Manufacturers strategize to list out the potential consumers across the globe and promote the product by adjusting price points. Furthermore, manufacturers possess the ability to present the product as a potential alternative in the market and find out potential end users to collaborate with under two-price tariffs.
This is set to create a wave in the market over utilization of the novel product. This is set to create a domino effect, which is also called positive network externalities, driving revenue growth. Further, market players are closely working with the customers to understand their specific requirements and develop innovative solutions to meet the demand.
Further, the market is highly consolidated and manufacturers are trying to maintain their long-run dominance in the market. Key manufacturers for instance are constantly involved in developing new product lines to enter the new application arena.
- In June 2022, Evonik's Adhesives and Coatings company announced a new line of sustainable and durable liquid polybutadiene. The utilization of sustainably created butadiene in the production of this innovative product line is estimated to decrease the usage of fossil fuels by up to 99.9%.
Fact.MR has provided detailed information about the price points of key manufacturers of liquid polybutadiene positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Liquid Polybutadiene Industry Research
Liquid Polybutadiene Market by Application :
- Rubber Manufacturing
- Adhesives & Sealants
- Polymer Modification
- Coating Formulations
Liquid Polybutadiene Market by End-Use :
- Paints & Coatings
- Printing & inks
Liquid Polybutadiene Market by Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
- FAQs -
For the global liquid polybutadiene market, the estimated growth rate is 6.1% from 2022-2032.
Rising demand across construction and automobile drives the market’s demand over the projection period.
Application and end-use are the preferred segments for the market.
Evonik, and Nippon Soda, are leading players in the global market.