Polybutadiene Market Projected to Reach USD 23.34 Billion By 2034, Growing at a CAGR of 5.15%
The global Polybutadiene market size was valued at USD 14.22 billion in 2024 and is projected to grow from USD 14.85 billion in 2025 to USD 23.34 billion by 2034 , exhibiting a Compound Annual Growth Rate (CAGR) of 5.15% during the forecast period from 2025 to 2034 .
- Rising Demand from the Tire Industry: Polybutadiene rubber (BR) is extensively used in tire manufacturing due to its high abrasion resistance, low rolling resistance, and excellent resilience. The growing automotive tires industry and increasing demand for fuel-efficient tires are key growth drivers.
- Expansion of the Automotive Sector: As vehicle production rises globally—especially in Asia Pacific and Latin America—the use of polybutadiene in tire treads, belts, and other automotive components is also increasing.
- Growth in Footwear and Industrial Applications: Polybutadiene is widely used in the footwear industry for sole production and in industrial applications such as conveyor belts, hoses, and rollers due to its elasticity and durability.
- Technological Advancements in Polymerization Techniques: Manufacturers are adopting advanced catalyst systems and polymerization processes to enhance product properties, reduce environmental impact, and improve process efficiency.
- Sustainability and Recycling Initiatives: With rising environmental concerns, companies are investing in sustainable production practices and exploring recycling options for end-of-life rubber products to meet regulatory requirements and consumer expectations.
Market Size & Forecast
- Market Size in 2024 – USD 14.22 billion
- Market Size in 2025 – USD 14.85 billion
- Projected Market Size by 2034 – USD 23.34 billion
- CAGR (2025–2034) – 5.15%
Polybutadiene is a synthetic rubber primarily produced from the polymerization of butadiene monomer. It is known for its excellent resistance to abrasion, low heat build-up, and good cold resistance, making it ideal for high-performance applications across industries such as automotive, construction, and consumer goods.
The market is experiencing steady growth driven by the expanding automotive sector, increasing demand for durable and lightweight materials, and the ongoing development of new applications in industrial and consumer markets. Additionally, government regulations promoting fuel-efficient vehicles are encouraging the use of polybutadiene-based tires with reduced rolling resistance.
Technological innovation continues to shape the future of the polybutadiene industry. Companies are focusing on developing high-cis polybutadiene grades with enhanced performance characteristics and investing in greener production methods. Strategic collaborations between raw material suppliers, tire manufacturers, and research institutions are accelerating the commercialization of next-generation products. As demand grows across key sectors, the polybutadiene market is poised for sustained expansion over the coming decade.
