Butadiene market is expected to reach US$ 44.77 Bn. in 2027, with a CAGR of 4.4% for the period 2021-2027, because of growing demand in the tire industry.
Butadiene Market Overview:
A research team conducted extensive primary and secondary research for the Butadiene market study of the global market. In order to augment already-existing data, segment the market, calculate the overall market size, and project market size and growth rate, secondary research was conducted.
Market revenue is determined by primary and secondary research, and market leaders are recognised through these two methods. In-depth interviews with influential thought leaders and business leaders, including CEOs and marketing executives, were conducted as part of the main study.
As part of the primary research, extensive interviews with key opinion leaders and business leaders, including CEOs and marketing executives, were done. As part of the secondary research, the annual and financial reports of the major manufacturers were examined. Global market percentage splits, market shares, growth rates, and breakdowns are produced from secondary sources and validated against primary data.
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Market Scope:
The report contributes to a better knowledge of the global Butadiene market’s dynamic structure by identifying and assessing market segments and estimating market size. The report also contains a comparison of key firms’ pricing, financial standing, application growth objectives, and regional presence. To assist shareholders in prioritising their efforts and investments in the global Butadiene market, the study also contains a PESTLE analysis.
Decision-makers now have a clear picture of the future of the market thanks to the investigation of external and internal factors that are expected to either benefit or harm enterprises. Through the analysis of market segmentation and projections of market size, the study also contributes to an understanding of the dynamic structure of the global ## market. The study is a resource for investors by giving a thorough representation of the competitive analysis of significant organizations in the Global Butadiene Market based on price, financial position, growth strategies, and geographic presence.
Segmentation:
Asia-Pacific currently has a dominant position in the butadiene market and is anticipated to expand at the highest rate during the forecast period as a result of the region’s rapid industrialization and increased demand for butadiene in automotive and rubber applications. The fastest-growing market in the region is China, which consumes the most butadiene, followed by India and other South-East Asian nations. This is due to rising car production. Commercial vehicle sales and production in April 2020 were 5,01,000 and 4,68,000 units, respectively, up significantly from March by 91 percent and 73.8 percent, according to the China Association of Automobile Manufacturers (CAAM). This creates lucrative opportunities for butadiene market participants.
Key Players: The key players are
• 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.
• Nizhnekamskneftekhim.
• Repsol
• SABIC
• The Dow Chemical Company
• TPC Group
• Formosa Plastics Corporation
• ZEON Corporation.
• Shanghai Petrochemical
• Borealis AG.
• Versalis S.p.A.
• Others
Regional Analysis:
The Butadiene Market is examined at the national level with a focus on nations with the largest market shares, categories with the potential for strong growth, and categories. The regional breakdowns in the Butadiene Market research include North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations.
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COVID-19 Impact Analysis on Butadiene Market: The report covers COVID-19 impact on Butadiene market.
Key Questions Answered in the Butadiene Market Report are:
- What will the CAGR of the ## market be during the forecast period?
- In the ## market, which market segment has become the market leader?
- Which companies dominate the ## market?
- In 2029, how big will the ## market be?
- Which company held the largest proportion of the ## market?
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