Polybutadiene Market is expected to reach USD 14.08 Billion by 2024 from USD 9.75 Billion in 2016 at a CAGR of 5.4% (Detailed analysis of the market CAGR is provided in the report).
The polybutadiene market based on type has been segmented into solid polybutadiene rubber and liquid polybutadiene rubber. The solid polybutadiene rubber segment is expected to be major contributors for the market during the forecast period. This is due to suitability of polybutadiene in numerous applications such as tires and plastics. The market based on application has been segmented into tire, polymer modification, chemical, industrial rubber manufacturing and others. The tire application segment is expected to hold one of the largest shares of the market during the forecast period due to the high abrasion resistance of polybutadiene and high growth of the automotive industry.
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