Global Butadiene Market was valued US$ 17.49 Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a XX % CAGR of around during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Butadiene is one of the important industrial chemicals used for the production of synthetic rubber and plastic. High demand from the tire industry, growing demand from end-use industries, and Improve functionality at lower cost is driving the butadiene market. Butadiene finds its application in manufacturing tires, hoses, gasket seals, fuel lines, and other parts of the vehicles. Rising demand for lightweight cars and electric vehicles, the demand for butadiene in automotive parts production, and is expected to expand the butadiene market. Butadiene production reduction because of shale oil discoveries and harmful carcinogenic nature, acute and chronic effect of butadiene has restrained the butadiene market.
Acrylonitrile butadiene styrene is used to manufacture lightweight electrical resistance products. Among butadiene derivatives, styrene-butadiene rubber is the leading segment in the butadiene market by application type. Nitrile butadiene rubber is used in aeronautical and automotive industries to manufacture oil handling hoses, sealants, and grommets. Polybutadiene rubber is used in the manufacture of tires that require high resistance. Styrene-butadiene rubber is used in adhesives and sealants as a modifier and in rubber-based products owing to its high strength, viscosity, and abrasion resistance. Styrene-butadiene latex is used in coated papers and carpet back coatings due to its high elasticity and adhesive strength.
The tire and rubber industry is expected to dominate the market demand for butadiene. Increasing the manufacturing of lightweight vehicles is predicted to augment the growth tire and rubber industry and in turn a butadiene market. Butadiene rubber is used majorly in tires with over 70% of the polymer produced going into sidewalls and treads. Besides this, nitrile butadiene rubber is used in the production of various cables, molded and extruded products, belts, gloves, adhesives & sealants, foamed products, etc.
The Asia Pacific is dominating the regional butadiene market owing to India and China being the leading consuming nations. Asia Pacific is expected to be the fastest-growing regional market. Butadiene market in North America is featured by growing demand for elastomers in the tire and other applications. Europe and the Middle East together accounted for around 30% of the global butadiene demand.
The objective of the report is to present a comprehensive analysis of the Global Butadiene Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Butadiene Market dynamics, structure by analyzing the market segments and project the Global Butadiene Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Butadiene Market make the report investor’s guide.
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Scope of the Butadiene Market: Inquire before buying
Butadiene Market, By Application Type:
• Butadiene Rubber
• Styrene Butadiene Rubber
• Acrylonitrile Butadiene Rubber
• Nitrile Butadiene Rubber
• Styrene Butadiene Latex
Butadiene Market, By End Use Type:
• Plastic and Polymer
• Tire and Rubber
Butadiene Market, By Region:
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key player Analysed For Butadiene Market Report:
• BASF SE
• China Petroleum & Chemical Corporation
• ExxonMobil Chemical Company
• LyondellBasell Industries N.V.
• Saudi Basic Industries Corporation
• Dow Du Pont
• Royal Dutch Shell Plc.
• TPC Group Inc.
• Nizhnekamskneftekhim O.A.O.
• Lanxess A.G.
• Evonik Industries AG
• Formosa Plastics Group
• Ineos Group AG
• JSR Corporation
• ZEON Corporation.
• Shanghai Petrochemical
• Borealis AG.
• Versalis S.p.A.
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