Global Butadiene Market – Industry Trends and Forecast to 2025
Global Butadiene Market, By Product (Butadiene Rubber, Styrene Butadiene Rubber, Acrylonitrile Butadiene Rubber, Nitrile Butadiene Rubber, Styrene Butadiene Latex, Hexamethylenediamine), By End User (Automobile Industries, Building & Construction, Consumer Products Industries, Healthcare, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
The Global Butadiene Market is expected to reach 17,877.17 Kilotons by 2025, from 14,112.58 Kilotons in 2017 growing at a CAGR of 3.1% during the forecast period of 2018 to 2025.
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The key players operating in the global butadiene market are –
- BASF SE
- Exxonmobil Chemical Company
- Reliance Industries Limited
- Braskem
- JSR Corporation
- China Petroleum & Chemical Corporation
- Royal Dutch Shell Plc
- Eni S.p.A.
- Evonik Industries AG
- Ineos Group AG
- LANXESS
- LG Chem
- LyondellBasell Industries Holdings B.V.
- Repsol
- SABIC
- The Dow Chemical Company
- TPC Group
- Formosa Plastics Corporation
- S.A.
- ZEON Corporation.
- Shanghai Petrochemical
- Borealis AG.
- Versalis S.p.A.
- Many more.
Butadiene is a colourless and highly reactive gas. It is one of the important industrial compounds used for the production of synthetic rubber and plastic. The resultant rubber and plastic products are used by the automotive industries, for construction material, packaging, as a consumer product and for protective clothing. Butadiene-based polymers help to improve functionality, performance and protection at lower cost. According to Outlook magazine, in 2016, China’s light vehicle market was increased from 3.26 million units to 25.4 million units, with almost 14.7% increase in the market. This reflects the strong economy and growth. These above mentioned factors prove that the market of automotive industry around the globe is growing and will drive the demand for butadiene.
Market Drivers:
- High demand by tire industry
- Growing demand form end use industries
- Improve functionality at lower cost
Market Restraint:
- Butadiene production decrement due to shale oil discoveries
- Harmful acute and chronic effect.
Report Segmentation:
By Product
- Butadiene Rubber
- Styrene Butadiene Rubber
- Acrylonitrile Butadiene Rubber
- Nitrile Butadiene Rubber
- Styrene Butadiene Latex
- Hexamethylenediamine
- Others
By End User:
- Automobile Industries
- Building & Construction
- Consumer Products Industries
- Healthcare
- Others
By Geography:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
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Competitive Landscape:
The global butadiene market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of butadiene market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Research Methodology:
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key questions answered in the Global Butadiene Market report:
- What will be the market growth rate of Global Butadiene Market in 2025?
- What are the key factors driving the Butadiene Market?
- What are sales, revenue, and price analysis of top manufacturers of Butadiene?
- Who are the distributors, traders and dealers of Global Butadiene Industry?
- Who are the key vendors in Global Butadiene Market?
- What are the Butadiene Market opportunities and threats faced by the vendors in the Global Butadiene Market?
- What are sales, revenue, and price analysis by types, application and regions of Butadiene Market?
- What are the market opportunities, market risk and market overview of Global Butadiene Market?
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