Market overview

The Global Bio-polybutadiene Market is expected to reach a valuation of USD 598.7 million in 2023 with a projected CAGR of 21.9% for the forecast period (2023-2032).

Bio-polybutadiene is a polymer derived from renewable feedstocks such as corn, sugarcane and vegetable oils. It serves as a sustainable substitute to synthetic polybutadiene rubber commonly used in tires, seals, coatings, etc.

Market Demand Drivers:

  • Increasing regulations supporting consumption of bio-based polymers instead of fossil fuel-derived options.
  • Shift in tire manufacturing towards developing green tires using natural rubber substitutes like bio-polybutadiene.

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Market Leading Segmentation

By Type

• Low Cis-Butadiene
• High Cis-Butadiene
• High Trans Butadiene
• High Vinyl Butadiene

By Application

• Polymer Modification
• Tire Manufacturing
• Industrial Rubber Manufacturing

Market Top Players

• Lanxess AG
• Kuraray Co., Ltd.
• Kraton Corporation
• Sibur
• Zeon Corporation
• JSR Corporation
• Sinopec
• LG Chem
• Trinseo LLC
• Goodyear Tire & Rubber Company
• Evonik Industries
• Other Key Players

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Market Trends:

  • Proliferation in R&D activities to improve properties and performance efficiency of bio-polybutadiene.
  • Strategic alliances between market players across the value chain to accelerate technology innovation and product deployment.

Key Opportunities:

  • High applicability potential as sustainable alternative to traditional polybutadiene in tire manufacturing enhancing growth avenues.
  • Favorable regional regulatory scenario and positive perception regarding eco-friendly materials expected to support rapid market penetration.
  • Scope for cost optimization through process improvements in bio-based feedstock supply and manufacturing efficiency.

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