Bio-Polybutadiene Market Size, Share & COVID-19 Impact Analysis, By Source (Biomass, Sugarcane and Others), By End-use (Adhesives & Sealants, Tire, Rubber Products and Others), and Regional Forecast, 2024-2032

One of the primary driving factors for the bio-polybutadiene market size is its potential to reduce the environmental impact. As it is derived from renewable resources such as plant-based feedstock, it helps to decrease the dependency on fossil fuels. Moreover, it lowers the greenhouse gas emission, contributing to a more sustainable and eco-friendly material option. In addition, in the fashion industry, bio-polybutadiene fibers can be incorporated into clothing, contributing to sustainable and biodegradable textiles.

The automotive industry also drives the polybutadiene market. The rubber industry is the largest consumer of polybutadiene rubber, primarily for tire production. It partially or completely replaces traditional polybutadiene in tire compounds. It improves performance, by including better rolling resistance, traction, and wear characteristics, making it a suitable alternative to traditional polybutadiene. Furthermore, bio-polybutadiene materials can be designed to absorb oil spills in water bodies. These materials can help to mitigate environmental damage in case of oil spills.

• In April 2022, The U.S. Air Force Research Laboratory collaborated with BioMADE, Goodyear Tire & Rubber Company, and the Company Farmed Materials to work on a project. The purpose of the project will be to produce aircraft tires from TK dandelion.

Bio-polybutadiene is also used in the manufacturing of adhesives and sealants. These compounds require good flexibility, sealing properties, and resistance to environmental conditions. It provides the necessary performance while reducing the carbon footprint of these products later used in the automotive, electronics, and construction industries.

Europe is the dominating producer of bio-polybutadiene, with around 45% of global production. At the same time, other companies from Japan and Saudi Arabia are investing huge chunks of money to produce bio-polybutadiene.

The report has analyzed major bio polybutadiene manufacturers from major economies such as the U.S. and Canada in North America; Germany and France in Europe; China, Japan, and India in Asia Pacific; Brazil and Mexico in Latin America; Saudi Arabia and the UAE in the Middle East.

• In 2021, China was the largest importer of butadiene rubber, with a sales value of USD 354 million, and the seventh largest exporter in the world.

Key Insights

The report will cover the following key insights:

• Key Market Trends

• Regulatory Scenario of the Market


• Key Developments in the Market


• Latest Technological Advancement


• Impact of COVID-19 on the Market

Segmentation

Analysis By Source

By source, the biomass segment holds a significant global bio-polybutadiene market share. 

• Biomass plays a crucial role in bio-polybutadiene production, as it serves as the renewable feedstock for synthesizing this sustainable elastic polymer. The process involves collecting and sourcing biomass materials, which can be obtained from various natural sources such as agriculture residue, non-food crops, and other organic waste materials.


• Bio polybutadiene’s excellent properties make it suitable for formulating eco-friendly adhesives and sealants. These products are used in construction, packaging, and consumer goods. In addition, it can be integrated into textile production to enhance the performance and sustainability of fabrics. It contributes to bio-based clothing, outdoor gear, and technical textile creation.

Analysis By End-use

By end-use, the rubber segment accounts for the highest proportion of the global bio-polybutadiene market.

• Bio-polybutadiene is a type of synthetic rubber derived from renewable biomass sources. Its properties make it suitable for various applications, including tires, industrial belts and hoses, footwear, seals, and gaskets. These products find application in the automotive, aerospace, industrial machinery, and construction industries.


• It is widely used in the manufacturing of tires due to its excellent abrasion resistance, grip, and overall performance. In addition, it is used to produce shoe soles and other rubber components of footwear. It offers good impact resistance and durability, making it suitable for a wide range of footwear products.

Regional Insights

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Asia Pacific accounts for a significant market share due to increased focus and investments in bio-based products. The presence of leading bio-based polybutadiene companies in this region will create a progressive bio-polybutadiene market growth environment.

Global Consumption of Butadiene by Region:

• Asia Pacific - 62%


• Europe - 17%


• North America - 15%


• Rest of the World - 6%

Key Players Covered

The report will include the profiles of key players, such as Evonik, Versalis, YOKOHAMA, Kuraray Co. Ltd., Sabic, and others.

Key Industry Developments:

• July 2022 - Evonic launched a POLYVEST, a sustainable bio-based liquid polybutadiene, to its product list, reducing the use of fossil fuel feedstock by 99.9%.


• April 2021 - YOKOHAMA announced the world's first technology to produce butadiene from biomass. This technology will help reduce petroleum dependence and lower carbon dioxide emissions.


• March 2022 - SABIC collaborated with KRATON to deliver renewable butadiene to produce renewable styrenic block copolymers (SBC).