Global Butadiene Market overview:
The report of global Butadiene Market includes the competitive landscape section which provides the full and in-depth analysis of the current market trends, changing technologies and developments that will be beneficial for the companies, which are competing in the market. The report offers an overview of revenue, demand, and supply of data, futuristic cost, and growth analysis during the projected the year.
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With the slowdown in world economic growth, the Butadiene industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Butadiene market size to maintain the average annual growth rate of -0.0141515164673 from 18900.0 million $ in 2014 to 17600.0 million $ in 2019, Market analysts believe that in the next few years, Butadiene market size will be further expanded, we expect that by 2024, The market size of the Butadiene will reach 16700.0 million $.
Some of observe Butadiene or 1,3-butadiene is a highly reactive gas that is colorless and noncorrosive with a mild aromatic or gasoline-like odor at room temperature and pressure. It is produced as a by-product from ethylene & propylene manufacturing units and primarily used as a monomer for production of synthetic rubbers and plastics. It can be used as a chemical intermediate, if utilized in little amount. The resultant rubbers or plastics further find applications in automobiles, construction materials, appliance parts, computers & telecommunication equipment, protective clothing, packaging, and household articles. Butadiene-based polymers exhibit improved functionality, performance, and safety at lower costs
The Global Butadiene Market is segmented on the basis of Product Type, Application, End Use Industry and Region. On the Basis of Product Type segment, the Butadiene Market is sub segmented into Extractive Distillation, Oxidative Dehydrogenation. Based on End Use Industry segment, the Butadiene Market is sub segmented into SBR, BR, SBL, ABS, Adiponitrile, Acrylonitrile Butadiene Styrene, SB latex, Nitrile Rubber.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
In terms of market shares of regions, APAC is the largest market for butadiene & its derivatives and China is the leading consumer of the chemical. The butadiene market is expected to register substantial growth in India & China during the forecast period, attributed to increase in population, developing economies, and favorable investment policies by government to promote industrial growth. Increase in use of synthetic rubbers and polymers in various end-use industries drive the demand for butadiene. However, factors such as carcinogenic nature of butadiene and different acute & chronic harms caused by its fumes may restrain the market. Strict regulations imposed by government also restricts the growth.
Some of the major players that operate in the Global Butadiene Market are Sinopec, TPC Group, Braskem, Shell Chemical, CNPC, FPCC, BASF, ExxonMobil, JSR Corp, Lotte, LyondellBasell, Ineos O&P, LG Chem, Sabina, Evonik
Latest Industry Updates:
Braskem: -This will be the first commercial plastic recycling operation in the history of space missions. Equipment will close the consumption cycle, contributing to the increased autonomy of space missions and reducing dependence on raw materials.
The plastic recycler developed by Made In Space - a US company hired by NASA to develop new technologies for zero-gravity operation - in partnership with Braskem will be launched into space during Northrop Grumman's 12th commercial refueling mission (NG12) to the International Space Station. The bold project will be the first commercial plastic recycling operation in the history of space missions.
The launch is scheduled for 10:59 am on November 2, Brasília time at Wallops Flight Facility, NASA's flight station on Wallops Island, on the east coast of Virginia, United States. The recycler should arrive at the station two days after launch. The goal is to further extend the autonomy and sustainability of space missions by facilitating the day-to-day life of astronauts, who will be able to transform plastic waste, which has already reached its useful life at the International Special Station, into raw materials for the development of space. new items.
Key questions answered in this report
1 What will the market size be in 2024 and what will the growth rate be?
2 What are the key market trends?
3 What is driving this market?
4 What are the challenges to market growth?
5 Who are the key vendors in this market space?
6 What are the market opportunities and threats faced by the key vendors?
7 What are the strengths and weaknesses of the key vendors?
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Table of Contents:
Global Butadiene Market Report 2019
1 Butadiene Definition
2 Global Butadiene Market Major Player Share and Market Overview
3 Major Player Butadiene Business Introduction
4 Global Butadiene Market Segmentation (Region Level)
5 Global Butadiene Market Segmentation (Product Type Level)
6 Global Butadiene Market Segmentation (Industry Level)
7 Global Butadiene Market Segmentation (Channel Level)
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