Strong demand growth in the rubber and tire industries remains the key market driver for Polybutadiene rubber. The high resistance to wear and tear drives the Polybutadiene rubber applications in the tires, hoses, conveyor belts, floor coverings, footwear, golf balls, toys and other end-user industries. In addition, the growing demand for Polystyrene and ABS fuels the demand for the synthetic rubber. In these industries, Polybutadiene rubber is used to improve the impact resistance. Leading manufacturers market potential advantages of Polybutadiene rubber including resistance to temperature, cracks, weathering, abrasion, pressure, chemicals, and other conditions. To further strengthen the properties of PBR, products blended with alloys are also widely marketed across applications.
The global Polybutadiene rubber capacity is estimated at 4.8 million tons with over 75% plant utilization rates in most units. Manufacturing through the polymerization of isoprene is widely used technology for producing Polybutadiene rubber. Prices vary significantly across regions from around USD 1,600 per Ton to 2,900 per Ton based on availability and blends. Raw material price fluctuations have a significant impact on the product prices and profit margins of vendors. Polybutadiene rubber applications across SBR, ESBR, Nitrile Rubber, and others also have a direct correlation on the supply-demand dynamics. The table below presents the trade value of Butadiene (primary forms) in 2023-.
Table- Global Butadiene Rubber Imports and Exports by Country (Primary Forms), USD Million, 2023
USD MILLION |
Imports |
|
|
Exports |
World |
3343.7 |
|
World |
3270.5 |
China |
415.5 |
|
South Korea |
550.2 |
Viet Nam |
240.1 |
|
Russian Federation |
377.9 |
Thailand |
228.9 |
|
United States of America |
375.4 |
India |
211.7 |
|
China |
288.2 |
Indonesia |
177.7 |
|
Japan |
265.0 |
Others |
2,069.7 |
|
Others |
1,413.8 |
Strong demand growth in the global retreading industry presents robust growth prospects for Polybutadiene rubber manufacturers and exporters. According to the Tire Retread & Repair Information Bureau (TRIB), almost 90% of fleets with 100 or more trucks use retreads. Retreading reduces energy use by 30%, and requires approximately 15 gallons less oil to produce one retread than manufacturing a new truck tire as per the US Tire Manufacturers Association. With the growing investments in equipment and sustainability initiatives in the tire industry, PBR’s use in tire manufacturing and retreading, particularly in SBR-PBR blends continues to offer significant business prospects.
Regulatory push for stricter fuel efficiency and emissions standards in the US and Europe fuel the demand for high cis-polybutadiene rubber (BR). High-cis BR's properties including lower energy dissipation drive their adoption across the electric vehicle segment. Bridgestone, Michelin, Continental, and other tire manufacturers continue to high-performance, eco-friendly tires using high-cis BR to cater to the shifting consumer preferences. Accordingly, manufacturers including Kumho Petrochemical and Sibur continue to invest significantly in the industry.
A rise in crude oil prices due to geopolitical tensions (such as the Russia-Ukraine conflict) increased the cost of petrochemical derivatives, including butadiene, which in turn led to a surge in PBR prices. By mid-2023, as oil prices stabilized, the cost of PBR began to ease, though continued monitoring of oil market trends remains crucial for future outlooks. The average price of PBR in early 2023 was around $3,200 to $3,500 per ton, depending on the region and grade of rubber. Further, Growth in the automotive sector, driven by EVs and infrastructure projects, is likely to maintain steady demand for PBR.
In 2024, tire manufacturing accounted for 68.2% of the global polybutadiene rubber (PBR) market share, driven by the increasing demand for fuel-efficient, low rolling resistance tires. With the automotive industry rapidly adopting electric vehicles (EVs), the demand for PBR in tire manufacturing is expected to rise significantly. In addition, emerging technologies in tire retreading to reduce raw material usage and lower overall costs further strengthen the market prospects. Preference for impact resistance and hardness among tire manufacturers will drive the demand for blends.
Cis polybutadiene rubber (PB-cis)is the largest type of Polybutadiene rubber with 80% revenue share in 2024. Of this, the high-CIS sub-segment is the dominant form with 68% share in the segment. In addition to automotive applications, Automotive components, such as belts, hoses, and seals, also use CIS PBR due to its resilience and resistance to wear and tear. For instance, Kumho Petrochemical offers multiple grades of high-cis PBR for standard and high-performance tire applications. JSR Corporation and Lanxess are developing products that cater to the sustainability needs of tire manufacturers while Sibur and LG Chem continue to invest heavily in producing high-quality high-cis PBR to support the booming automotive industry across Asia.
Asia Pacific is set to be the fastest-growing market for Polybutadiene Rubber vendors during the forecast period with a 5.5% CAGR.
Asia Pacific is the largest end-user of Polybutadiene rubber and is poised to register a robust 5.5% CAGR over the forecast period to 2032. China is the largest country in the region and Northeast Asia is the most potential growth market in Asia Pacific. China remains the world’s largest automobile producer, manufacturing over 27 million vehicles in 2022, according to the International Organization of Motor Vehicle Manufacturers (OICA). Similarly, the ATMA (Automotive Tyre Manufacturers’ Association) estimates 8% CAGR in tires market.
Large automotive hubs including Japan, South Korea, South East Asia, and others present strong growth prospects. Japan Automobile Tyre Manufacturers Association (JATMA) estimates over 70 million tires production annually and he Automotive Industry Club of the Federation of Thai Industries (FTI) marks 50 million tires. With Southeast Asia witnessing strong industrial growth with countries like Malaysia, Philippines, and Vietnam investing in automotive, the demand forecast for PBR remains robust.
The global Polybutadiene Rubber market is fragmented with the presence of both local and global players. Leading companies included in the study are Arlanxeo, Indian Oil Corp Ltd, JSR Corp, Kumho Petrochemical Co. Ltd, Kuraray Co. Ltd, Lanxess AG, LG Chem Ltd, Reliance Industries Ltd, Saudi Basic Industries Corp (SABIC), SIBUR International GmbH, Synthos SA, The Yokohama Rubber Co. Ltd, Trinseo, UBE Corp, Versalis S.p.A., Zeon Corp, and others.
Parameter |
Details |
Market Size (2024) |
$7.4 Billion |
Market Size (2032) |
$11.2 Billion |
Market Growth Rate |
5.2% |
Largest Segment- Application |
Tire Manufacturing (68.2% market share) |
Fastest Growing Market- Region |
Asia Pacific (5.5% CAGR) |
Largest Segment- Grade |
Cis polybutadiene rubber (PB-cis)- 80% |
Segments |
Types, Grades, Technology, Manufacturing Process, Applications |
Study Period |
2018- 2023 and 2024-2032 |
Units |
Revenue (USD) |
Qualitative Analysis |
Porter’s Five Forces, SWOT Profile, Market Share, Scenario Forecasts, Market Ecosystem, Company Ranking, Market Dynamics, Industry Benchmarking |
Companies |
Arlanxeo, Indian Oil Corp Ltd, JSR Corp, Kumho Petrochemical Co. Ltd, Kuraray Co. Ltd, Lanxess AG, LG Chem Ltd, Reliance Industries Ltd, Saudi Basic Industries Corp (SABIC), SIBUR International GmbH, Synthos SA, The Yokohama Rubber Co. Ltd, Trinseo, UBE Corp, Versalis S.p.A., Zeon Corp |
Countries |
US, Canada, Mexico, Germany, France, Spain, Italy, UK, Russia, China, India, Japan, South Korea, Australia, South East Asia, Brazil, Argentina, Middle East, Africa |
Application
Type
Countries Analyzed
Polybutadiene Rubber Companies Profiled in the Study
*- List Not Exhaustive
About USD Analytics
Table of Contents
1. Executive Summary
What’s New in 2024?
Top 10 Takeaways from the industry
Potential Opportunities for Industry Stakeholders
Strategic Imperatives
Company Market Positioning
Industry Benchmarking Matrix
2. Research Scope and Methodology
Market Definition
Market Segments
Companies Profiled
Research Methodology
Data Sources
Conversion Rates for USD
Abbreviations
3. Strategic Landscape: Key Insights and Implications
Spotlight: Key Strategies opted by Business Leaders
Competitive Landscape
SWOT Analysis
Porter’s Five Force Analysis
Macro-Environmental Analysis
5. Growth Opportunity Analysis
Trends at a Glance
Market Dynamics
Key Industry Stakeholders
Regulatory Landscape
6. Market Size Outlook to 2032
Global Polybutadiene Rubber Market Size Forecast, USD Million, 2018- 2032
Scenario Analysis
Pricing Analysis and Outlook
7. Historical Polybutadiene Rubber Market Size by Segments, 2018- 2023
Key Statistics, 2024
Polybutadiene Rubber Market Size Outlook by Type, USD Million, 2018-2023
Growth Comparison (y-o-y) across Polybutadiene Rubber Types, 2018-2023
Polybutadiene Rubber Market Size Outlook by Application, USD Million, 2018-2023
Growth Comparison (y-o-y) across Polybutadiene Rubber Applications, 2018-2023
8. Polybutadiene Rubber Market Size Outlook by Segments, 2024- 2032
Polybutadiene Rubber Market Size Outlook by Type, USD Million, 2024-2032
Growth Comparison (y-o-y) across Polybutadiene Rubber Types, 2024-2032
Polybutadiene Rubber Market Size Outlook by End-Users, USD Million, 2024-2032
Growth Comparison (y-o-y) across Polybutadiene Rubber End-Users, 2024-2032
9. Polybutadiene Rubber Market Size Outlook by Region
North America
Europe
Asia Pacific
South America
Middle East and Africa
10. United States Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
United States Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
United States Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
United States Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
11. Canada Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
Canada Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
Canada Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
Canada Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
12. Mexico Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
Mexico Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
Mexico Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
Mexico Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
13. Germany Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
Germany Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
Germany Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
Germany Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
14. France Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
France Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
France Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
France Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
15. United Kingdom Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
United Kingdom Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
United Kingdom Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
United Kingdom Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
10. Spain Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
Spain Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
Spain Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
Spain Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
16. Italy Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
Italy Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
Italy Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
Italy Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
17. Benelux Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
Benelux Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
Benelux Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
Benelux Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
18. Nordic Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
Nordic Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
Nordic Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
Nordic Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
19. Rest of Europe Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Europe Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
Rest of Europe Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
Rest of Europe Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
20. China Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
China Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
China Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
China Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
21. India Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
India Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
India Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
India Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
22. Japan Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
Japan Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
Japan Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
Japan Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
23. South Korea Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
South Korea Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
South Korea Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
South Korea Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
24. Australia Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
Australia Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
Australia Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
Australia Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
25. South East Asia Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
South East Asia Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
South East Asia Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
South East Asia Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
26. Rest of Asia Pacific Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Asia Pacific Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
Rest of Asia Pacific Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
Rest of Asia Pacific Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
27. Brazil Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
Brazil Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
Brazil Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
Brazil Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
28. Argentina Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
Argentina Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
Argentina Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
Argentina Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
29. Rest of South America Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of South America Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
Rest of South America Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
Rest of South America Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
30. United Arab Emirates Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
United Arab Emirates Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
United Arab Emirates Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
United Arab Emirates Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
31. Saudi Arabia Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
Saudi Arabia Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
Saudi Arabia Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
Saudi Arabia Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
32. Rest of Middle East Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Middle East Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
Rest of Middle East Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
Rest of Middle East Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
33. South Africa Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
South Africa Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
South Africa Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
South Africa Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
34. Rest of Africa Polybutadiene Rubber Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Africa Polybutadiene Rubber Market Size Outlook by Type, 2021- 2032
Rest of Africa Polybutadiene Rubber Market Size Outlook by Application, 2021- 2032
Rest of Africa Polybutadiene Rubber Market Size Outlook by End-User, 2021- 2032
35. Key Companies
Market Share Analysis
Company Benchmarking
Financial Analysis
36. Recent Market Developments
37. Appendix
Looking Ahead
Research Methodology
Legal Disclaimer
Application
Type
Countries Analyzed
The global Polybutadiene Rubber market size is set to increase from $7.4 Billion in 2024 to $11.1 Billion in 2032, registering a CAGR of 5.2% during the forecast period
Tire Manufacturing (68.2% market share), Cis polybutadiene rubber (PB-cis)- 80%
Arlanxeo, Indian Oil Corp Ltd, JSR Corp, Kumho Petrochemical Co. Ltd, Kuraray Co. Ltd, Lanxess AG, LG Chem Ltd, Reliance Industries Ltd, Saudi Basic Industries Corp (SABIC), SIBUR International GmbH, Synthos SA, The Yokohama Rubber Co. Ltd, Trinseo, UBE Corp, Versalis S.p.A., Zeon Corp
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: Revenue (USD); Volume
Asia Pacific (5.5% CAGR)