Butadiene, also known as 1, 3-butadiene is either in gaseous or refrigerated liquid state and its monomer has many commercial uses. Butadiene is inflammable in nature and needs to be handled with immense care and precision.
The production of global BD was 11652 K MT in 2011 and is expected to reach 14956 K MT by 2021, growing at a CAGR of 3.03% from 2016 to 2021.
The global market is moderately concentrated with the top ten companies including Sinopec, TPC Group, Braskem, Shell Chemical, CNPC, FPCC, BASF, ExxonMobil, JSR Corp, Lotte accounting for over 60% of the global market in 2015. Other companies in the market include LyondellBasell, Ineos O&P, LG Chem, SABIC, Evonik, etc.
Butadiene is a raw material used in the production of rubber for tires, as well as for electrical appliances, footwear, plastics, asphalt, building materials, and latex. The demand for butadiene is over 1.2 billion MT per year worldwide, and growing. By producing a renewable butadiene, the everyday products made with it, like tires, can become more sustainable, with a smaller environmental footprint.
The technological level of butadiene in China has a big gap compared with the international advanced level. Outstanding performance in product application performance is not outstanding, function is not strong, supporting enough, clean low level, product updates slow, long development cycle. There is little butadiene performance in China at or near the international advanced level.
Butadiene industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to the agricultural field, especially in underdevelopment regions that have a large population and fast economic growth and the downstream application increasing, the need of butadiene maybe increase.
According to this study, over the next five years the Butadiene market will register a -3.3% CAGR in terms of revenue, the global market size will reach US$ 15600 million by 2024, from US$ 19100 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Butadiene business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Butadiene market by product type, application, key manufacturers and key regions and countries.
This study considers the Butadiene value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Extractive Distillation
Oxidative Dehydrogenation
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Styrene Butadiene Rubber (SBR)
Butadiene Rubber (BR)
Styrene Butadiene Latex (SBL)
Acrylonitrile Butadiene Styrene (ABS)
Adiponitrile
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Sinopec
TPC Group
Braskem
Shell Chemical
CNPC
FPCC
BASF
ExxonMobil
JSR Corp
Lotte
LyondellBasell
Ineos O&P
LG Chem
Sabina
Evonik
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Butadiene consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Butadiene market by identifying its various subsegments.
Focuses on the key global Butadiene manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Butadiene with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Butadiene submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Butadiene . Industry analysis & Market Report on Butadiene is a syndicated market report, published as Global Butadiene Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Butadiene market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.