1,3 Butadiene (BD) Market Research Report: Information by Region (Europe, Asia Pacific, North America and South America), Type and Application, Forecast to 2030 (Recession Impact Analysis)
ID : MRU_
97226 | Date :
Jan, 2023 | Pages :
160 | Region : Global |
Publisher : MRU
The Global 1,3 Butadiene (BD) Market touched xxx million USD with a CAGR xx % from 2018-2022 around the world. In the future, it is predicted to reach xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.
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 main supply of Butadiene is extracted from the mixed c4 stream produced in steam crackers, the c4 stream composition and yield depending on operations severity and feedstocks.
BD is a key raw material in the manufacture of different materials and chemicals that are used across a wide range of end-user industries such as building & construction, automotive, healthcare and consumer durables. Butadiene market can be segmented on the basis of the application of its derivatives. Major products derived include styrene butadiene rubber (SBR), acrylonitrile butadiene styrene resins (ABS), nitrile butadiene rubber (NBR), SB latex and hexamethylenediamine among other products such as PBR and adiponitrile. ABS as a terpolymer is used to manufacture lightweight electrical resistance products. SBR is derived by polymerization of styrene and butadiene monomers. It is used in adhesives and sealants as a modifier and in rubber based products owing to its high strength, viscosity, and abrasion resistance. SB latex is a water based emulsion copolymer made of styrene and BD. It is used in coated papers and carpet back coatings due to its high elasticity and adhesive strength. NBR is used in aeronautical and automotive industries to manufacture oil handling hoses, sealants, and grommets. PBR is used in the manufacture of tires that require high resistance. Adiponitrile is an organic compound that is viscous in nature. It an important material required for the production of polymers.
Asia Pacific emerged as the leading regional butadiene market with India and China being the leading consuming nations. Asia Pacific accounted for over 40% of total butadiene market volume in 2013. Asia Pacific is also expected to be the fastest growing regional market for 1,3 BD on account of the growth of key end-use industries such as building & construction, automotive and consumer products in this region. Butadiene market in Europe and North America is characterized by growing demand for elastomers in the tire and other downstream applications.
North America emerged as the second largest market for 1,3 BD at 23.6% of total market volume in 2013. RoW is also expected to exhibit considerable growth over the next six years owing to growing construction, automotive and other end-user industries particularly in Brazil, Argentina, and South Africa.
As the report focuses on global 1,3 Butadiene (BD) Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.
This report focuses on 1,3 Butadiene (BD) volume and value at the global level, regional level and company level. From a global perspective, this report represents overall 1,3 Butadiene (BD) market size by analysing historical data and future prospect.
in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.
In Market segmentation by manufacturers, the report covers the following companies-
Sinopec
TPC Group
Braskem
Shell Chemical
CNPC
FPCC
BASF
ExxonMobil
JSR Corp
Lotte
LyondellBasell
Ineos O&P
LG Chem
Evonik In Market segmentation by geographical regions, the report has analyzed the following regions- North America (USA, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, Columbia etc.) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
In Market segmentation by types covers:
Extractive Distillation
Oxidative Dehydrogenation In Market segmentation by applications :
Styrene Butadiene Rubber (SBR)
Butadiene Rubber (BR)
Styrene Butadiene Latex (SBL)
Acrylonitrile Butadiene Styrene (ABS)
Adiponitrile
Others (Including Nitrile Rubber, etc)
Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.
The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the 1,3 Butadiene (BD) Market for the forecast period 2023 - 2030?
• What are the driving forces in the 1,3 Butadiene (BD) Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the 1,3 Butadiene (BD) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players? Any special requirements about this report, please let us know and we can provide custom report.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
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