Liquid Polybutadiene Market Size, Share, Growth Analysis, By Application (Adhesives & Sealants, Polymer Modification), By End-User (Automotive, Construction), By Region - Industry Forecast 2024-2031

Global Liquid Polybutadiene Market size was valued at USD 3.9 Billion in 2022 and is poised to grow from USD 4.1 Billion in 2023 to USD 6.15 Billion by 2031, growing at a CAGR of 5.2% during the forecast period (2024-2031).

The global liquid polybutadiene market has witnessed significant growth and advancements in recent years. The market's expansion depends on various factors, including the rising need for liquid polybutadiene in tire applications, the growing demand for natural rubber, and the increasing use of liquid polybutadiene in construction applications. There has been a notable rise in the use of plastic within the liquid polybutadiene (LPBD) industry, and this upward track is anticipated to persist in the upcoming future. The upsurge in the utilization of liquid polybutadiene (LPBD) in thermosetting plastic materials, particularly in processes like curing and handling for polyester resins, is a key driver propelling the market's expansion. However, strict regulations concerning the environmental impact of plastic could hamper the growth of the plastic segment in this marketplace. To address these environmental concerns, the increased production of both biodegradable and petroleum-based plastics might provide a practical solution.

Synthetic rubbers, which are by-products of petroleum, find significant application due to their viscoelastic properties. Due to its prevalent use in tire production, the liquid polybutadiene (LPBD) market is poised for robust growth across the forecast period. Beyond the factors influencing liquid polybutadiene production, the surging popularity of bio-adhesives and the growing incorporation of bio-based elements in tire manufacturing are also contributing to the increased demand for liquid polybutadiene (LPBD). Moreover, the increasing adoption of low-rolling resistance and high-performance tires in the automotive industry is expected to significantly contribute to the expansion of the liquid polybutadiene market. Nevertheless, the market faces challenges, including the volatility of crude oil prices and the fluctuating costs of raw materials.