The report, “Butadiene Market & Its Derivatives (SBR, PBR, ABS, SB Latex, Adiponitrile, NR & Others) Market by Applications & Geography - Trends and Forecasts to 2018” defines and segments the global butadiene market & its derivatives market with analysis and forecasting of the global consumption volume and value.
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Almost 90.0% of its total demand in butadiene market is by manufacturers of SBR, PBR, Acrylonitrile Butadiene Styrene Resins (ABS), SB Latex, Adiponitrile, and Nitrile Rubber (NR). The SBR and PBR application segment subjugates its consumption, with a share of over 50.0% of the total demand. Driven by the highly growing automotive tire industry, both OEM and replacement, the PBR application segment is expected to show the highest CAGR from 2013 to 2018.
Among all its derivatives ABS led the market, with a global consumption of about 7.0 million tons in 2012. SBR and PBR are subsequent to ABS with consumption figures of over 4.0 million tons and 3.0 million tons respectively.
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Asia-Pacific - Biggest Market of Butadiene
A few of the reasons for the high level growth in this region are growing population, vast economies–developed as well as developing, and favorable investment policies and government initiatives to promote industrial growth. The budding nature of the economies and rising consumption trends for various materials such as synthetic rubbers and ABS resin drives the demand of butadiene at a significant pace in the region.
Asia-Pacific is the world’s largest market of butadiene, which consumed more than half of the total global demand, and also for most of its derivatives that includes styrene butadiene rubber (SBR), polybutadiene rubber (PBR), acrylonitrile butadiene styrene (ABS), and nitrile rubber (NR).
“Styrene Butadiene Rubber - The Biggest and Polybutadiene Rubber - The Fastest Growing” Butadiene Markets
Butadiene is a major feedstock to manufacture SBR, with just less than one third of its total global demand being consumed to manufacture SBR. Butadiene demand by SBR manufacturers is quite high in the U.S., followed by China, South Korea, and Japan. Subsequently, PBR manufacturers were the second largest consumers of butadiene with a butadiene consumption share difference of 2.4%, compared to SBR manufacturers. The PBR manufacturing segment is also the fastest growing end-use segment with an expected CAGR of about 4.9% from 2013 to 2018.
The top six players accounted for about 24.8% of the market in 2012. Royal Dutch Shell Plc. (The Netherlands) was the leading market participant with a market share of about 5.2% at the end of 2012. The company is among the major producers of chemical products in the world with segments that include upstream, downstream, and corporate with its chemical products that cater to various application industries such as the automotive, building & construction, electronics, plastic & polymers, etc.