Synthetic Butadiene Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030 (Financial Impact Analysis)
ID : MRU_
317956 | Date :
Nov, 2021 | Pages :
164 | Region : Global |
Publisher : RI
The Market Research Update provide detailed report study and highlights market share and size, and regional changing trends, production value predication, new prospects for Synthetic Butadiene market development rate. This study report offers a current scenario of the market. The report also comprises a several market dynamics.
The Synthetic Butadiene is projected to rise moderately in the projected time frame of 2023-2030.
Butadiene, also known as 1, 3-butadiene, is a colorless, non-corrosive gas that condenses to a liquid at minus 4.5 degrees centigrade and has a mild aromatic odor. It readily polymerizes with oxygen. It is soluble in alcohol and ether, however it is insoluble in water. It is an industrial chemical used in the manufacture of synthetic rubber. It is produced as a byproduct in the steam cracking process of ethylene and olefin production and acts as a predecessor to many processing materials and chemicals. Butadiene is used to make plastics including acrylics. Small amounts are found in gasoline.
Butadiene is a raw material for the production of synthetic rubbers, which go into tyres for the automotive industry.
In the world wide, giant manufactures mainly distribute in China, American and Europe. American has a long history and unshakable status in this industry, like Texas Petrochemicals and LyondellBasell, both have perfect products. Europe is the largest producer and consumption market of butadiene, it is BASF and Evonik that lead the technology development. In China, the manufactures focus in CNPC, CNOOC and Sinopec.
Due to the wide downstream consumption of the Butadiene, it should have large production share in daily chemical products. Recent years, there are some companies starting to research and development the product. The industry will form a much high concentration of global market competition in future. At present, the China, American and Europe account for above 70% of global market share in butadiene field.
After decades of development, the giant manufacturers have proven technique. The butadiene industry concentration is not very high in China, focusing in CNPC, CNOOC and Sinopec.
However, with additional supply coming amid continued weakness in the downstream synthetic rubber market, butadiene buyers have retreated to the sidelines, some factories shut down its butadiene unit. Recently, the price increases for the lack of butadiene, some small factories restart the unit.
In several years, more butadiene will be produced, and the cost will go down as the improvement of skill. The price of butadiene is effected by the economy and policy, after China G20, the price will increase in a short time. With the recovery of industry, butadiene market will be warm.
Global Synthetic Butadiene market size will increase to 10700 Million US$ by 2030, from 12600 Million US$ in 2020, at a CAGR of -2.0% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for Synthetic Butadiene.
Objectives of Research:
The overview of the global Synthetic Butadiene market
Report comprised of the market companies, to describe and define and analyze the Synthetic Butadiene market value, share competition landscape, development plans and SWOT analysis.
The report also involves the structure of the industry by identifying its several sub-segments.
To observe the industry with reverence to individual future prospects, development trends, and contribution to the overall market.
Major Players in the Market: The major competitors working in the market are:
, BASF(DE), Lyondell Basell (US), Shell Chemical(NL), Ineos O&P (DE), FPCC(TW), ExxonMobil(US), Sabic(SA), Zeon(JP), Dow(US), LG Chem(KR), JSR Corp(JP), Evonik(DE), Reliance Industries (IN), Nizhnekamskneftekhim(RU), Sinopec (CN), CNPC (CN), CNOOC(CN), FREP(CN), North Huajin (CN)
Market by Order Type
Oxidative dehydrogenation
Extractive distillation
Synthetic Butadiene Data by Application
SBR
PBR
SBS
ABS
Others
Synthetic Butadiene Production Regions Covered in the Report are:
North America
Europe
Asia Pacific
Middle East & Africa
Rest of the World
Our team of enthusiastic analysts, research experts, and experienced forecasters work precisely to produce such kind of market report. The research report defines USD values, CAGR (compound annual growth rate) values and their variations for the precise projected time frame.
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The research information and studies associated with participant analysis keep the competitive landscape noticeably into the focus with which the market can select or advance their own policies to increase in the market growth.
The Key Questions Answered In Market Report Are:
Summary of the Synthetic Butadiene market comprising definition
Synthetic Butadiene Market Growth Drivers, Restrains, Challenges and opportunities
Major trends which is impacting the global Synthetic Butadiene market
Synthetic Butadiene Market segmentation and complete information about the market
Regional analysis of the market
Which regional market will develop as a champion at intervals in the coming years?
What are the top companies at intervals in the global Synthetic Butadiene market?
What are the growth strategies of the key players to sustain hold at intervals in the global Synthetic Butadiene market?
Synthetic Butadiene Market – By Regions (Market Size –USD Million)
7.1 North America
7.2 Europe
7.3 Asia-Pacific
7.4 Middle East and Africa
7.5 Rest of the World
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