The Butadiene Global Market Report 2023, provides comprehensive information on the butadiene market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/butadiene-global-market-report
As per The Business Research Company’s Butadiene Global Market Report 2023, the market size is expected to grow from $10.28 billion in 2022 to $12.41 billion in 2023 at a compound annual growth rate (CAGR) of 120.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of butadiene market is expected to reach $24.94 billion in 2027 at a CAGR of 19.1%.
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Product innovations are a key trend gaining popularity in the butadiene market. Major companies operating in the butadiene market are focused on innovating new products to meet demand and sustain their position in the market. For instance, in June 2022, Evonik Industries AG, a Germany-based specialty chemicals company, launched POLYVEST eCO, an innovative range of sustainable liquid polybutadienes that reduces the use of fossil raw materials by up to 99.9%. It meets the needs of an increasingly sustainable market and has identical physiochemical properties to fossil-based products. POLYVEST eCO is a raw material used in the automotive, electronics, and construction industries for adhesives and sealants. It can also be used as a rubber additive in tire manufacturing.
The butadiene market is segmented:
1) By Product: Polybutadiene (PBR), Styrene-Butadiene (SBR), Chloroprene, Nitrile Rubber, Acronitrile Butadiene Styrene (ABS), Adiponitrile, Sulfonale, Ethylidene Norbornene, Styrene Butadiene Latex, Other Products
2) By Production Process: C4 Hydrocarbon Extraction, N-Butane Dehydrogenation, From Ethanol, From Butenes
3) By Sales Channel: Direct Sale, Indirect Sale
4) By End-User Industry: Plastic And Polymer, Tire And Rubber, Chemical, Other End-User Industries
Asia-Pacific was the largest region in the butadiene market in 2022.
The table of contents in TBRC’s butadiene market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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