Press Release

India Polybutadiene Rubber (PBR) Market to Grow with a CAGR of 4.86% through 2029

Growth in research and development activities is expected to drive the India Polybutadiene Rubber (PBR) Market growth in the forecast period, 2025-2029.

 

According to TechSci Research report, “India Polybutadiene Rubber (PBR) Market- By Region, Competition, Forecast and Opportunities, 2019-2029”, the India Polybutadiene Rubber (PBR) Market stood at USD542.65 million in 2023 and is anticipated to grow with a CAGR of 4.86% in the forecast period, 2024-2029. Initiatives taken by government based on polybutadiene rubber (PBR) has led to favorable market conditions for the India Polybutadiene Rubber (PBR) Market. Several factors contribute to the growth of various polybutadiene rubber (PBR) products.

The Indian government has recently launched several initiatives to actively promote and foster the growth of the synthetic rubber industry. These initiatives encompass a wide range of measures, such as providing attractive financial incentives, tax benefits, and regulatory support, all aimed at encouraging and supporting companies involved in the production of synthetic rubbers to thrive and expand their operations.

In line with these efforts, the Directorate General of Trade Remedies in India conducted a comprehensive Bilateral Safeguard Investigation with regards to the import of PBR, a type of synthetic rubber. This investigation sought to carefully analyze and assess the potential impact of PBR imports on the domestic synthetic rubber industry, taking into consideration factors such as market conditions, trade dynamics, and the overall competitiveness of both domestic and imported products.

 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "India Polybutadiene Rubber (PBR) Market

 

Research and development (R&D) initiatives have played a pivotal role in the evolution of high-performance variants of Polybutadiene Rubber (PBR). These advancements have resulted in significant enhancements in key properties such as resilience, abrasion resistance, and fuel efficiency. As a result, PBR is increasingly being embraced by tire and automobile manufacturers who recognize its immense potential in meeting the demands of modern vehicles and driving conditions. The growing adoption of these advanced PBR formulations is fueling the overall demand for this versatile and innovative material.

The India Polybutadiene Rubber (PBR) Market is segmented into application, regional distribution, and company.

Based on its application, the tire manufacturing segment held the largest market share in the forecast period. Due to the demand-supply gap in the production and consumption of rubber in the country, the domestic market has witnessed a significant increase in the price of natural rubber. This surge in price has prompted tire manufacturers to explore alternative options such as synthetic rubber, with Polybutadiene Rubber (PBR) being a notable choice. PBR not only serves as a substitute for natural rubber in tire manufacturing but also finds application in the production of various industrial rubber products. As a result, the demand for PBR in the country has further intensified, driven by its versatility and suitability for different sectors.

Based on region, West India segment is expected to grow during the forecast period. 

The government's supportive policies, including tax incentives and simplified regulations, have played a pivotal role in fostering the growth of industries in this region. By providing financial incentives and reducing bureaucratic hurdles, the government has created an environment conducive to innovation and business expansion. This has attracted both domestic and international investors, leading to the establishment of new companies and the expansion of existing ones.

In addition to the government's efforts, the presence of numerous state-of-the-art research and development (R&D) facilities in the region has further accelerated market growth. These facilities serve as hotbeds of innovation, bringing together talented researchers, scientists, and engineers to push the boundaries of technology. Through rigorous experimentation, collaboration, and access to cutting-edge resources, these R&D facilities contribute to the development of high-quality, innovative products that meet the ever-evolving demands of consumers. This not only strengthens the competitiveness of companies in the region but also positions them as leaders in their respective industries.

 

Major companies operating in India Polybutadiene Rubber (PBR) Market are:

  • ARLANXEO India Pvt. Ltd.
  • Indian Oil Corporation Limited
  • JSR INDIA PRIVATE LIMITED
  • Kumho Petrochemical Co., Ltd
  • LANXESS India Private Limited
  • Reliance Industries Limited

 

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“Growing application of polybutadiene rubber (PBR) in various end user industries are key drivers of the polybutadiene rubber (PBR) market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of polybutadiene rubber (PBR) with every passing year are anticipated to register an impressive growth to India Polybutadiene Rubber (PBR) Market in the forecast period.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“India Polybutadiene Rubber (PBR) Market By Application (Tire Manufacturing, Footwear, Sports Accessories, Others), By Region, By Competition Forecast & Opportunities, 2019-2029”, has evaluated the future growth potential of India Polybutadiene Rubber (PBR) Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Polybutadiene Rubber (PBR) Market.

 

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