Neodymium-based Butadiene Rubber (NdBR) Market Size, CAGR, Trends 2024-2030
The "Neodymium-based Butadiene Rubber (NdBR) Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Neodymium-based Butadiene Rubber (NdBR) market is expected to grow annually by 9.7% (CAGR 2024 - 2031).
This entire report is of 101 pages.
Neodymium-based Butadiene Rubber (NdBR) Introduction and its Market Analysis
The Neodymium-based Butadiene Rubber (NdBR) market research reports analyze the current market conditions for this type of synthetic rubber. NdBR is a synthetic rubber that is used in various industries such as automotive, construction, and consumer goods. The major factors driving revenue growth in the NdBR market include the increasing demand for high-performance tires and the growth of industries such as automotive and construction. The report provides a market analysis of key players such as Zhejiang Transfar Synthetic Material, TSRC-UBE, Chimei, Arlanxeo, and others. The main findings of the report highlight the growing demand for NdBR and recommend that companies focus on innovation and product development to stay competitive in the market.
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The Neodymium-based Butadiene Rubber (NdBR) market is experiencing growth with various applications such as radial tires, bias tires, shoes, golf products, hoses, belts, and others. The market segmentation includes different types of NdBR with Cis content ranging from 95% to 97%. Regulatory and legal factors specific to market conditions play a crucial role in determining the growth and development of the NdBR market. Companies operating in this sector need to comply with regulations related to environmental protection, health and safety standards, and other legal requirements to maintain a competitive edge in the market. Overall, the NdBR market is expected to witness significant development in the coming years due to its versatile applications and growing demand in various industries.
Top Featured Companies Dominating the Global Neodymium-based Butadiene Rubber (NdBR) Market
The Neodymium-based Butadiene Rubber (NdBR) market is highly competitive with key players such as Zhejiang Transfar Synthetic Material, TSRC-UBE, Chimei, Arlanxeo, Qixiang Tengda Chemical, Synthos, JSR, DuShanzi Petrochemical, Sibur, Nizhnekamskneftekhim, Yanshan Petrol-Chemical, and Kumho Petrochemical vying for market share. These companies are involved in the production and distribution of NdBR, which is a synthetic rubber with high abrasion resistance, low rolling resistance, and excellent grip performance.
These companies utilize NdBR in the manufacturing of various products such as tires, industrial rubber products, footwear, automotive parts, and more. NdBR is known for its superior performance characteristics, making it a preferred choice for industries requiring high-quality rubber materials.
These companies play a crucial role in driving the growth of the NdBR market by investing in research and development to enhance product quality and performance. They also focus on expanding their production capacity and global presence to cater to the increasing demand for NdBR in various industries.
Some of the sales revenue figures of these companies are as follows: Arlanxeo reported sales revenue of $ billion in 2020, Sibur reported sales revenue of $7.5 billion in 2020, and JSR reported sales revenue of $4.1 billion in 2020. These figures demonstrate the significant market presence and financial strength of these companies in the NdBR market.
In conclusion, the companies operating in the NdBR market are instrumental in driving innovation, expanding market reach, and meeting the growing demand for high-performance rubber materials. Their contributions play a crucial role in propelling the growth of the NdBR market and supporting various industries that rely on NdBR for their manufacturing needs.
- Zhejiang Transfar Synthetic Material
- TSRC-UBE
- Chimei
- Arlanxeo
- Qixiang Tengda Chemical
- Synthos
- JSR
- DuShanzi Petrochemical
- Sibur
- Nizhnekamskneftekhim
- Yanshan Petrol-Chemical
- Kumho Petrochemical
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Neodymium-based Butadiene Rubber (NdBR) Market Analysis, by Type:
- Cis Content (%): min. 95
- Cis Content (%): min. 96
- Cis Content (%): min. 97
Neodymium-based Butadiene Rubber (NdBR) comes in three different types based on its cis content percentage - 95%, 96%, and 97%. The higher the cis content, the better the properties of the rubber, such as improved tensile strength, abrasion resistance, and heat resistance. This makes NdBR with higher cis content more desirable for various applications in industries like automotive, construction, and electronics. The availability of different types of NdBR with varying cis content levels caters to a wider range of specific requirements, thereby boosting the demand for NdBR in the market.
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Neodymium-based Butadiene Rubber (NdBR) Market Analysis, by Application:
- Radial Tire
- Bias Tire
- Shoes
- Golf
- Hoses and Belts
- Others
Neodymium-based Butadiene Rubber (NdBR) is commonly used in various applications including radial tires, bias tires, shoes, golf balls, hoses, and belts. In radial tires, NdBR improves traction and wear resistance. In bias tires, it enhances strength and durability. In shoes, it provides flexibility and longevity. In golf balls, it improves hardness and rebound properties. In hoses and belts, it enhances elasticity and durability. The fastest growing application segment in terms of revenue is radial tires, due to the increasing demand for high-performance and long-lasting tires in the automotive industry.
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Neodymium-based Butadiene Rubber (NdBR) Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The Neodymium-based Butadiene Rubber (NdBR) market is expected to experience significant growth across various regions. In North America, the United States and Canada are projected to lead the market, followed by key European countries such as Germany, France, the ., Italy, and Russia. In the Asia-Pacific region, China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia are anticipated to dominate the market. Latin America, including Mexico, Brazil, Argentina, and Colombia, is also expected to show substantial growth. In the Middle East & Africa, Turkey, Saudi Arabia, and the UAE are likely to see increased demand for NdBR. Overall, China is expected to dominate the market with a market share of around 40%, followed by North America with a market share of 25%, and Europe with a market share of 20%. Asia-Pacific is expected to have a market share of around 12%, Latin America with 2%, and the Middle East & Africa with 1%.
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