Bio Polybutadiene Market: Global Analysis and Forecast (2024-2030)

The Bio Polybutadiene Market size was valued at USD 478.68 Million in 2023 and the total Bio Polybutadiene revenue is expected to grow at a CAGR of 8.45% from 2024 to 2030, reaching nearly USD 844.60 Million by 2030.
Bio Polybutadiene Market Overview:
Bio-Polybutadienealso known as bio-PBD, is a type of Polybutadiene polymer that is derived from renewable, bio-based feedstock’s instead of traditional petroleum-based sources. Polybutadiene is a synthetic rubber that exhibits excellent elasticity, resilience, and low-temperature flexibility, making it a valuable material in various applications. Bio-Polybutadiene is produced using bio-based monomers derived from biomass, such as plant sugars or oils. The Bio Polybutadiene Market is thoroughly elaborated by offering several information such as market size, key players and their market value, their recent developments as well as their partnerships, mergers, and acquisitions. The graphical representation and structural exclusive information showed dominating region of the Bio Polybutadiene Market. The detailed and constructive formation of key drivers, opportunities, and unique segmentation outputs structural and optimistic data. Validated using primary as well as secondary research methodology and scope of the Bio Polybutadiene Market.

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Bio Polybutadiene Market Dynamics
Sustainability and Environmental Concerns: A large and growing number of manufacturers are reaping substantial financial, environmental, and product quality benefits from sustainable manufacturing technologies. In a nutshell, Sustainable manufacturing of Bio-Polybutadiene is deeply co-related with economically-sound processes that minimize negative environmental impacts and are highly energy efficient. Sustainable manufacturing in the Bio Polybutadiene Market also leads to greater manufacturing safety standards thereby enhancing compliance standards with the growing Bio Polybutadiene industry. Increase operational efficiency by reducing costs and waste, respond to or reach new customers and increase competitive advantage, Protect, and strengthen brand and reputation and build public trust, build long-term business viability and success, and respond to regulatory constraints and opportunities these are the factors regarding sustainability and environmental concerns that drivers the Bio Polybutadiene Market globally.

Government Initiatives and Regulations:

Governments all over the globe have designed policies and regulations to upstream the usage of Bio-Polybutadiene to reduce the usage of greenhouse gases emission. Various companies are adapting the usage of Bio Polybutadiene and taking the initiative into tax benefits, grants, and subsidies which are helping the companies to adapt the usage of Bio Polybutadiene. The initiatives have impacted positively the Bio Polybutadiene Market by creating a favorable environment for Bio Polybutadiene Market growth.

Rise in demand for Synthetic Rubber:

The increasing use of Bio Polybutadiene rubber in various industries as well as its trending applications via different companies are offering numerous benefits. Synthetic rubber has types where the most common elastic rubber is Styrene butadiene rubber and it gets commonly used in combination with other rubber kinds. Polybutadiene rubber is the second most widely used synthetic rubber, which is a combination of Bio Polybutadiene rubber and natural rubber and is commonly used in truck tires. Bio Polybutadiene is a flexible material for polymer analog reactions, which is a large-scale polymeric product available at a low price, due to its large amount of conveniently accessible double bonds. To widen uses in the Bio Polybutadiene Market, successive chemical functionalization was used to modify its characteristics. The heteroatoms to olefin entities increase polarity, which reduces content double bond hydrogenation and functionalization of double bonds allows for further reactions, particularly with nucleophilic reagents.

Growing automotive industry:

The automotive industry is wide and large users of rubber material and Bio Polybutadiene Market. Rising demand for Polybutadiene rubber from the downstream tire and automotive industries in the global market has increased. The electric vehicle demand is heightened due to, Synthetic rubber being used in electric vehicles due to its high-performance characteristics compared to traditional metals and other materials. The enhancing regulatory scenario and government policies support the usage of synthetic rubber in the growth of the Electric Vehicle industry. With the recovery of the automotive industry and the increasing penetration of Electric Vehicles worldwide, the demand for synthetic rubber in the Bio Polybutadiene Market is expected to increase during the forecast period.

Limited Supply and High Cost:

The Bio Polybutadiene supply is still less than the compared to petroleum- that used in vehicles in the Bio Polybutadiene Market. This crisis in the availability of Polybutadiene in a cheaper manner is the main reason for to increase in the cost value of Polybutadiene in the market. This limited supply restricts some industries to use Bio Polybutadiene as a result, the usage of Bio Polybutadiene is degraded at the industrial level.

Advancement in Biotechnology:

The advancement in biotechnology and bioengineering hold the potential to improve the production of Bio Polybutadiene in the Bio Polybutadiene Market. Innovation in multiple industries such as the fermentation process, biomass feedstock, and biological engineering leads to cost-effective and sustainable production methods. These advancements create multiple industrial opportunities for manufacturers of Polybutadiene.

Collaboration and Partnerships:

In the Bio Polybutadiene market the key players, industries, research institutes, and government agencies have started investing and by such investment, accelerates the bio Polybutadiene market. The development and adoption of Bio Polybutadiene help to overcome the technical barriers and limited knowledge and innovation to promote the Bio Polybutadiene market to growth.
Bio Polybutadiene Market Segment Analysis:
The dominant segment in the market, the High cis polybutadiene product segment, took the lead, capturing over 63.0% of the global revenue in 2023. This category encompasses various products, including High cis polybutadiene, high vinyl polybutadiene, low cis polybutadiene, and high trans polybutadiene. The surge in demand for derivatives of high cis polybutadiene can be attributed to their remarkable growth resistance and durability, particularly in tire manufacturing applications. Low cis polybutadiene is gaining traction in polymer modification and industrial rubber manufacturing during the forecast period. Comprising 36% cis, 54% trans, and 10% vinyl contents, it is utilized in tire manufacturing, often blended with other tire polymers. Additionally, low cis polybutadiene serves as an additive in plastics due to its low gel content and finds applications in the production of high impact polystyrene and polystyrene ABS grades.

The high trans polybutadiene derivative is expected to exhibit a Compound Annual Growth Rate (CAGR) of XX% from 2023 to 2030. Initially prominent in golf ball manufacturing, efforts are underway to explore new applications to enhance its commercial significance. The limited commercialization of high trans butadiene is attributed to its highly crystalline nature. However, blends of this product are utilized in conjunction with neoprene, styrene butadiene rubber, and natural rubber for tire building. The burgeoning demand for high trans polybutadiene is particularly driven by the presence of rubber manufacturers in the Asia Pacific region.
Bio Polybutadiene Market Regional Analysis
North American Bio Polybutadiene Market is exponentially grown in this region in the past few years. There is a huge demand for strong, durable, flexible bio-based materials. This region has focused on sustainability and durability for various industries such as automotive, packaging, and other consumer goods. The United States specifically, has been significant developments in the bio-based butadiene sector. Europe has been at the forefront of promoting sustainable materials and implementing strict environmental regulations. The region has a well-established for Bio Polybutadiene Market, driven by the automotive industry's demand for eco-friendly rubber materials. Countries such as Germany, France, and the Netherlands have been key contributors to the European bio Polybutadiene market.

The Asia Pacific region has been experiencing rapid growth in the bio Polybutadiene market. The rising demand for sustainable materials in countries like China, Japan, and South Korea, coupled with the booming automotive and packaging industries, has contributed to the market's expansion. Also, initiatives promoting bio-based materials in emerging economies further drive regional market growth. Latin America has experienced increasing interest in bio-based materials, including bio Polybutadiene. Brazil, in particular, has a significant presence in the bio Polybutadiene market due to its well-established rubber industry. The region's market focus on sustainable practices and the growing demand for environmentally friendly materials contribute to its market share.



Bio Polybutadiene Market Competitive Landscape

Arlanxeo, a leading synthetic rubber company, offers a bio-based version of Polybutadiene called Keltan Eco. ARLANXEO's portfolio of rubbers includes butadiene rubber products, branded as Buna®, used in the tire industry and several non-tire applications like plastic modification and golf balls in the bio Polybutadiene market. Baymod L is a unique powder grade based on EVM rubber.In 2021, ARLANXEO and Solvay launch TECHSYN to give tiresunrivaled strength and environmental performance. Also, Arlanxeo has announced the planned construction of a world-class rubber facility in Jubail, Saudi Arabia. Saudi Aramco Completes Acquisition of Remaining 50 Percent Stake in Arlanxeo Joint Venture from Lanxess. Saudi Aramco’s purchase of Laxness’s 50% share in ARLANXEO, valued at €1.5 billion on an enterprise value basis, makes it 100% owner of Arlanxeo.

Kuraray, a specialty chemical company, produces bio-based Polybutadiene called LIRICA™. Kuraray America, Inc. is a global leader in specialty chemical, fiber, and resin production. With top-of-the-line research and production facilities located in Houston, Texas and a vast network of supply from around the world, Kuraray leads the industry in specialty dental, fiber, resin, and elastomer products. The company has been investing in R&D to expand its bio-based product portfolio and meet the demand for sustainable materials in bio Polybutadiene market. On 7th April 2023, Kuraray Co., Ltd. partnered with PTT Global Chemical Public Company Limited (GC) and Sumitomo Corporation to open a manufacturing plant under the name of Kuraray GC Advanced Materials Co., Ltd., and Kuraray Advanced Chemicals (Thailand) Limited. As part of the strategic partnership, Kuraray signed a capacity reservation agreement with Origin Materials to purchase sustainable, carbon-negative intermediate chemicals used in the large-scale synthesis of many polymers, including PTA, PET, and polyamide.Kuraray to acquire DuPont’s glass laminating solutions and vinyls business.
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Global Bio Polybutadiene Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 478.68 Mn.


Forecast Period 2024 to 2030 CAGR:
8.45%
Market Size in 2030:
US $ 844.60 Mn.


 Segments Covered:
by Product
High cis Polybutadiene
Low cis Polybutadiene
High Vinyl Polybutadiene
High Trans Polybutadiene


by Application
Tire Manufacturing
Polymer Modification
Industrial Rubber Manufacturing



Bio Polybutadiene Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Bio Polybutadiene Market Key Players:
North America:
1. Genomatica (San Diego, California, USA)
2. Amyris (Emeryville, California, USA)
3. Butamax Advanced Biofuels (Wilmington, Delaware, USA)
4. Gevo (Englewood, Colorado, USA)
5. Rennovia (Menlo Park, California, USA)
6. Myriant Corporation (Quincy, Massachusetts, USA)
Europe:
1. Arlanxeo (Maastricht, Netherlands)
2. Kuraray Co., Ltd. (Tokyo, Japan - with global operations)
3. Global Bioenergies (Evry, France)
4. Braskem (São Paulo, Brazil - with global operations)
5. Versalis (Eni) (Milan, Italy)
6. Royal DSM (Heerlen, Netherlands)
7. Green Biologics (Abingdon, United Kingdom)
8. Ineos Bio (London, United Kingdom)
9. Metabolic Explorer (Clermont-Ferrand, France)
Asia Pacific:
1. Petrochemical Corporation of Singapore (PCS) (Singapore)
2. Global Bio-chem Technology Group (Hong Kong)
Middle East & Africa:
1. Arlanxeo (Saudi Aramco) (Dhahran, Saudi Arabia)
Global:
2. Michelin (Clermont-Ferrand, France - with global operations)
3. Lanxess (Cologne, Germany - with global operations)
4. Evonik Industries (Essen, Germany - with global operations)

FAQs:
1. Which region has the largest share in Global Bio Polybutadiene Market?
Ans: Asia-Pacific region holds the highest share in 2023.

2. What is the growth rate of Global Bio Polybutadiene Market?
Ans: The Global Bio Polybutadiene Market is growing at a CAGR of 8.45% during forecasting period 2024-2030.

3. What segments are covered in Global Bio Polybutadiene market?
Ans: Global Bio Polybutadiene Market is segmented into Product, Application and region.

4. Who are the key players in Global Bio Polybutadiene market?
Ans: The important key players in the Global Bio Polybutadiene Market are – Genomatica (San Diego, California, USA), Amyris (Emeryville, California, USA), Butamax Advanced Biofuels (Wilmington, Delaware, USA), Gevo (Englewood, Colorado, USA), Rennovia (Menlo Park, California, USA), Myriant Corporation (Quincy, Massachusetts, USA) and others.

5. What is the study period of this market?
Ans: The Global Bio Polybutadiene Market is studied from 2023 to 2030.