What is Global Neodymium Polybutadiene Rubber (Nd-BR) Market?
The Global Neodymium Polybutadiene Rubber (Nd-BR) Market is a vast and complex field that encompasses a variety of products and applications. Nd-BR is a type of synthetic rubber that is primarily used in the production of tires for vehicles. It is known for its high resistance to wear and tear, making it an ideal material for use in harsh environments. The market for this product is global in nature, with demand stemming from various industries and regions around the world. However, the market is not evenly distributed, with certain regions and industries accounting for a larger share of the overall demand. The market is also influenced by a variety of factors, including economic conditions, technological advancements, and regulatory policies. Despite these complexities, the market for Nd-BR is expected to grow in the coming years, driven by increasing demand from the automotive industry and other sectors.
Solid Nd-BR, Liquid Nd-BR in the Global Neodymium Polybutadiene Rubber (Nd-BR) Market:
The Global Neodymium Polybutadiene Rubber (Nd-BR) Market can be segmented into two main categories: Solid Nd-BR and Liquid Nd-BR. Solid Nd-BR is a type of Nd-BR that is solid at room temperature and is primarily used in the production of tires and other rubber products. On the other hand, Liquid Nd-BR is a type of Nd-BR that is liquid at room temperature and is primarily used in the production of adhesives and sealants. The market for these two types of Nd-BR is influenced by a variety of factors, including the specific needs and requirements of the end-use industries, the availability of raw materials, and the technological capabilities of the manufacturers. Despite these challenges, the market for both Solid Nd-BR and Liquid Nd-BR is expected to grow in the coming years, driven by increasing demand from various end-use industries.
Tires, Golf Balls, Conveyor Belts, Footwear Soles, Others in the Global Neodymium Polybutadiene Rubber (Nd-BR) Market:
The Global Neodymium Polybutadiene Rubber (Nd-BR) Market finds its usage in a variety of areas including Tires, Golf Balls, Conveyor Belts, Footwear Soles, and others. In the tire industry, Nd-BR is used to enhance the durability and performance of the tires. In the golf ball industry, it is used to improve the bounce and flight characteristics of the balls. In the conveyor belt industry, it is used to increase the lifespan and efficiency of the belts. In the footwear industry, it is used to enhance the comfort and durability of the soles. In other industries, it is used for a variety of applications, depending on the specific needs and requirements of the industry. Despite the diverse applications, the market for Nd-BR is expected to grow in the coming years, driven by increasing demand from these end-use industries.
Global Neodymium Polybutadiene Rubber (Nd-BR) Market Outlook:
The global Neodymium Polybutadiene Rubber (Nd-BR) market is a dynamic and evolving field. As of 2022, the market was valued at US$ 2101.2 million and is projected to reach US$ 2367.7 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 1.7% during the forecast period of 2023-2029. The market is dominated by a handful of key players, including Lanxess, Kumho Petrochemical, Nizhnekamskneftekhim, Goodyear, and Synthos. These companies collectively accounted for more than 60% of the total market share. The market is influenced by a variety of factors, including the economic conditions, technological advancements, and regulatory policies. Despite these challenges, the market is expected to grow in the coming years, driven by increasing demand from various end-use industries.
| Report Metric | Details |
| Report Name | Neodymium Polybutadiene Rubber (Nd-BR) Market |
| Accounted market size in 2023 | US$ 2101.2 million |
| Forecasted market size in 2030 | US$ 2367.7 million |
| CAGR | 1.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Lanxess, Kumho Petrochemical, Nizhnekamskneftekhim, Goodyear, Synthos, Eni, Sibur, Chimei, Firestone, Karbochem, CPNC, Sinopec |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
