PUBLISHER: TechSci Research | PRODUCT CODE: 1881488
PUBLISHER: TechSci Research | PRODUCT CODE: 1881488
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The Global Bio-polybutadiene Market, valued at USD 0.53 Billion in 2024, is projected to experience a CAGR of 11.25% to reach USD 1.00 Billion by 2030. Bio-polybutadiene is a synthetic rubber derived from renewable biomass sources, serving as a sustainable alternative to conventional petroleum-based polybutadiene. The market's expansion is primarily driven by increasing global emphasis on environmental sustainability, supportive regulatory frameworks promoting bio-based materials, and the automotive industry's rising demand for eco-friendly tire components.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 0.53 Billion |
| Market Size 2030 | USD 1.00 Billion |
| CAGR 2025-2030 | 11.25% |
| Fastest Growing Segment | High Cis Polybutadiene |
| Largest Market | Asia Pacific |
Key Market Drivers
The Global Bio-polybutadiene Market is significantly influenced by stringent environmental regulations and sustainability mandates, which are compelling industries to adopt bio-based alternatives to reduce carbon footprints and reliance on fossil fuels. These regulations often include binding targets for renewable content in various products and fuels. For instance, according to the revised Renewable Energy Directive (RED II rev), published by ePURE in June 2024, a binding combined sub-target for renewable fuels of non-biological origin and advanced biofuels from Annex IX Part A is set at a minimum of 1% in 2025, rising to 5.5% by 2030 after double counting.
Key Market Challenges
The relatively higher production cost of bio-polybutadiene when compared to its petroleum-derived counterparts presents a significant economic challenge for manufacturers and consumers alike. This elevated cost structure directly hinders the widespread adoption and market penetration of bio-polybutadiene. Manufacturers face reduced profit margins when producing bio-based alternatives, which can limit investment in scaling up production capacities and improving technologies. This situation often necessitates higher selling prices for bio-polybutadiene products, making them less competitive in comparison to established, lower-cost fossil-based options.
Key Market Trends
The bio-polybutadiene market is increasingly expanding its reach into various non-tire sectors, moving beyond its primary use in automotive tires. This trend is driven by the material's properties, such as excellent abrasion resistance, flexibility, and sustainability benefits, which make it suitable for a wider range of industrial and consumer products. For instance, bio-polypolybutadiene is finding applications in industrial belts and hoses, footwear soles, seals, gaskets, and as an impact modifier in plastics like high-impact polystyrene (HIPS) and acrylonitrile-butadiene-styrene (ABS) resins. This expansion is crucial for broadening market opportunities and reducing reliance on a single end-use sector.
In this report, the Global Bio-polybutadiene Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Bio-polybutadiene Market.
Global Bio-polybutadiene Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: