POLYBUTADIENE MARKET ANALYSIS

Name: Polybutadiene Market News
Creator: Coherent Market Insights
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Polybutadiene Market, By Product Type (High Cis Polybutadiene, Low Cis Polybutadiene, High trans Polybutadiene, High Vinyl Polybutadiene), By Application (Industrial Rubber Manufacturing, Polymer Modification, Tire Manufacturing, Chemical Industry, Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

Polybutadiene Market Key Developments:

In March 2013, Mitsubishi Corporation joined forces with Ube Industries, Ltd., Lotte Chemical Corporation and wholly owned Lotte Chemical subsidiary, Lotte Chemical Titan to set up a three-company joint venture in Malaysia for the manufacture and sale of poly-butadiene rubber. This joint venture was established to overcome the increasing demand of poly-butadiene rubber in Asia.
In May 2014, SIBUR, a leading Russian gas processing and petrochemicals company, signed a contract with China Petroleum and Chemical Corporation (“Sinopec”) to establish a joint venture for the construction of a 50 ktpa butadiene nitrile rubber (or “NBR”) plant at the Shanghai Chemical Industry Park. This venture was established for expanding its production and commercial operations.
In December 2018, Kuraray Co. Ltd, PTT Global Chemical PCL and Sumitomo Corp. announced about their investment in a project for the manufacture of butadiene derivatives in Thailand. This project will be operated by a joint venture called Kuraray GC Advanced Materials Co. Ltd. And it is expected to increase the company’s annual capacity.