Chan Ye Xin Xi Wang·2025-10-31 01:20Core Insights - The market for rare earth butadiene rubber is experiencing significant growth, driven by the booming electric vehicle and high-end automotive markets, with a projected market size of 4.958 billion yuan in 2024, representing a year-on-year increase of 15.30% [1][4]. Industry Overview - Rare earth butadiene rubber, also known as neodymium-based butadiene rubber, is characterized by a high cis content of over 98%, offering superior tensile strength, low rolling resistance, and excellent aging resistance [2][4]. Industry Development History - The development of rare earth butadiene rubber began in the 1960s, with significant advancements made in the 1990s and 2000s, leading to the establishment of industrial production capabilities and the achievement of international certifications [4][5]. Market Size - The demand for rare earth butadiene rubber is expected to continue growing, particularly in high-performance applications such as aerospace and electronics, due to its unique properties that meet stringent material requirements [1][4]. Key Enterprises - Major players in the rare earth butadiene rubber industry include state-owned enterprises like China Petroleum and China Petrochemical, which dominate the market due to their resource and production capacity advantages [9][10]. Industry Development Trends 1. Market Demand Expansion: The global electric vehicle boom is driving exponential growth in demand for rare earth butadiene rubber, particularly for high-performance tires [15]. 2. Technological Innovation: Advances in rare earth catalyst systems and molecular design are key to performance breakthroughs and green transformation in the industry [16]. 3. Policy Regulation: Stricter environmental regulations are reshaping the competitive landscape, with China implementing total control over rare earth mining and export quotas [17][18].