Market Size of Polybutadiene Rubber (PBR) Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 7.71 Billion |
| Market Size (2029) | USD 9.31 Billion |
| CAGR (2024 - 2029) | 3.95 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
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*Disclaimer: Major Players sorted in no particular order |
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Polybutadiene Rubber Market Analysis
The Polybutadiene Rubber Market size is estimated at USD 7.71 billion in 2024, and is expected to reach USD 9.31 billion by 2029, growing at a CAGR of 3.95% during the forecast period (2024-2029).
The COVID-19 pandemic had negatively impacted the market for polybutadiene rubber market. The nationwide lockdowns and strict social distancing measures had resulted in a halt in automotive vehicle manufacturing, thereby affecting the market for polybutadiene rubber. However, post-COVID pandemic, the market recovered well after the restrictions were lifted. The market recovered significantly, owing to the rise in demand for polybutadiene rubber in tire manufacturing, footwear, and sports accessories applications.
- The increasing demand from the automobile industry and the growth in the synthetic rubber industry are expected to drive the polybutadiene rubber market.
- The stringent environmental regulations and the health concerns regarding exposure to polybutadiene are expected to hinder the market's growth.
- The upcoming consumer shift to electric vehicles is expected to create opportunities for the market during the forecast period.
- The Asia-Pacific region is expected to dominate the market. It is also expected to register the highest CAGR during the forecast period due to rising demand for polybutadiene rubber in tire manufacturing, footwear, and sports accessories applications.
