POLYBUTADIENE MARKET ANALYSIS

Regional Analysis

• Asia Pacific is expected to be the fastest growing market in the forecast period. Rubber market of this region is growing at a significant pace, owing to the economic growth and increased Foreign Direct Investment (FDI) witnessed over the past few years. Thailand is the world’s top natural rubber producing country followed by Malaysia, Indonesia, and Vietnam. Growth of automobile industry—the major end-use industry in the region—is further propelling the demand for polybutadiene. According to CAAM (China Association of Automobile Manufacturers), China has witnessed a sale of 2,167,000 cars in July 2017.
• The North America polybutadiene market is expected to experience a significant growth during the forecast period. Presence of major end-use industries such as automotive and the tire, further augments the demand for poybutadiene. According to the International Trade Administration, value of automotive parts exports from the U.S was US$ 81 billion in 2015.
• The Europe tire market has witnessed a moderate growth over the past couple of years. However, the region witness high import of tires. According to the European Tire and Rubber Manufactures Association, 206,672 tires were sold in 2016, with an increase of 2% from the previous year.
• The polybutadiene market in the Middle East and Africa is expected to witness a steady growth in the forecast period. This is due to the volatility in price as a result of low crude oil production in these regions.