Butadiene is the primary raw material of many elastomers, including styrene-butadiene rubber (SBR), polybutadiene, acrylonitrile butadiene styrene (ABS), styrene-butadiene latex, and nitrile rubber. It is mainly produced through steam cracking, but it can also be produced using butane or butene dehydrogenation. The automobile industry has a considerable impact on synthetic rubber demand, which in turn has an impact on the butadiene market, while supply is dependent on the ethylene industry, which is a key commodity necessary for the steam cracking process. As a result, other markets’ demand-supply tensions have a considerable impact on the butadiene business.
Butadiene Market Overview:
The Butadiene Market is predicted to develop at a rapid pace during the forecast period, owing to a variety of factors such as rising Butadiene demand, increasing Butadiene technology adoption, and rising consumer disposable incomes. The paper also notes a number of market issues, such as increased competition from replacement products and regulatory impediments.
Key Insights :
Butadiene Market Size is expected to reach US$ 48.79 Bn. in 2029, with a CAGR of 4.4% for the period 2023-2029, because of growing demand in the tire industry.
Butadiene Market Scope:
This study’s market scope is to evaluate the Butadiene market size, share, trends, total profits, gross revenue, and profit margin. Using a SWOT analysis, the study also seeks to identify the strengths and weaknesses of the market’s major rivals. The report will provide expert insights to investors to keep them up to date on market trends.
The research will also include information on the top industry players in the Butadiene market, such as company biographies, product pictures and specifications, capacity, production, pricing, cost, revenue, and contact information. The analysis will also look at regional and company market trends, volume, and value.
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Butadiene Market Drivers:
Asia-Pacific dominates the butadiene market and is predicted to grow at the quickest rate during the forecast period due to the region’s rapid industrialisation and increased demand for butadiene in automotive and rubber applications. Butadiene use in China is the highest, followed by India and other South-East Asian countries, and it is the fastest-growing market in the region due to rising vehicle production.
Butadiene Market Segmentation:
by Type
1Butadiene Rubber
2Styrene Butadiene Rubber
3Acrylonitrile Butadiene Rubber
4Nitrile Butadiene Rubber
Styrene Butadiene Latex
Hexamethylenediamine
by Application
Polybutadiene
Chloroprene
Styrene-Butadiene
Nitrile Rubber
SB Latex
Acrylonitrile Butadiene Styrene
Adiponitrile
Sulfolane
Ethylidene Norbornene
Other Applications
by Industry
Automobile Industries
Building & Construction
Consumer Products Industries
Healthcare
Others
Key Players:
The research looks at important advancements in the Butadiene business, as well as organic and inorganic growth strategies. Organic growth tactics, such as new product releases, product approvals, patents, and events, are being pursued by a variety of businesses. Acquisitions, partnerships, and collaborations are examples of inorganic growth tactics mentioned in the industry. As demand rises, industry participants in the Butadiene markets are expected to profit from favourable growth opportunities in the future.
The following is a list of a few firms involved in the document camera industry.
1. China Petroleum & Chemical Corporation
2. Royal Dutch Shell Plc
3. Eni S.p.A.
4. Evonik Industries AG
5. Ineos Group AG
6. LANXESS
7. LG Chem
8. LyondellBasell Industries Holdings B.V.
9. Nizhnekamskneftekhim.
10. Repsol
11. SABIC
12. The Dow Chemical Company
13. TPC Group
14. Formosa Plastics Corporation
15. ZEON Corporation.
16. Shanghai Petrochemical
17. Borealis AG.
18. Versalis S.p.A.
Table Of Content :
1. Global Butadiene Market: Research Methodology
2. Global Butadiene Market: Executive Summary
2.1. Market Overview and Definitions
2.1.1. Introduction to Global Butadiene Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Butadiene Market: Competitive Analysis
3.1. MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2. Consolidation in the Market
3.2.1 M&A by region
3.3. Key Developments by Companies
3.4. Market Drivers
3.5. Market Restraints
3.6. Market Opportunities
3.7. Market Challenges
3.8. Market Dynamics
3.9. PORTERS Five Forces Analysis
3.10. PESTLE
3.11. Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12. COVID-19 Impact
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Regional Analysis:
The market is separated into five regions for regional analysis: North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Each region is divided further into sub-regions and countries. Profit estimates and market share data for each country are included in the analysis. Throughout the estimated time period, the share and growth rate of each region, country, and sub-market region are also analysed.
The PEST analysis for each region looks at the political, economic, social, and technological factors driving the Butadiene market in that region. Government laws, trade policy, and political stability are examples of political influences. GDP growth, inflation, and interest rates are all economic factors. Demographics, consumer spending, and lifestyle trends are examples of social influences. Technological innovation, product development, and the adoption of new technologies are examples of technical factors.
COVID-19 Impact Analysis on Butadiene Market:
The pandemic of COVID-19 has had a tremendous impact on customer behaviour across many industries. To remain competitive, industries will need to adjust their strategy to shifting market demand.
In addition, the study covers extensive market research, competition analysis, and industry trends.
The study’s conclusions can assist organisations in the Butadiene market in adapting to the new normal and building a prosperous future.
Here are a few examples of how the COVID-19 epidemic has affected the Butadiene market:
As people spend more time at home, the market for Butadiene products have skyrocketed.
The supply chain for Butadiene products have been interrupted, resulting in certain shortages.
Government measures have been implemented to restrict people’s migration, affecting demand for Butadiene products.
Key Questions Answered in the Butadiene Market Report are:
- Market potential: What is the total addressable market for Butadiene ? What is the current market size? What is the expected growth rate for the market over the next few years?
- Regional market: Which regional market is expected to lead the Butadiene market in the next few years? What are the factors driving growth in these regions?
- Application category: Which application category is expected to see the most rapid growth in the Butadiene market? What are the factors driving growth in this category?
- Development opportunities: What are the key development opportunities for the Butadiene sector in the next few years? What are the trends that are driving these opportunities?
- Future challenges: What are the most important future challenges that the Butadiene market may face? How can businesses mitigate these challenges?
- Market leaders: Who are the leading companies in the Butadiene segment? What are their strengths and weaknesses?
- Positive trends: What are the primary trends that are positively affecting market growth? How can businesses capitalize on these trends?
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