The increase in the application of synthetic rubbers and polymers in several end-use industries are expected to drive the market.
The global Butadiene market is forecast to reach USD 24.26 billion by 2028, according to a new report by Reports and Data. Global Butadiene market is expected to grow due to the ever-growing automotive industry. It is a colorless organic compound with an aromatic gasoline-like odor.
Butadiene is produced as a byproduct of ethylene steam cracking of naptha feedstock. It is also used as a chemical intermediate and as a monomer for the manufacture of plastics and rubber and is applicable in several consumer and industrial products, such as construction, automobile, electronics, packaging, protective clothing, and appliance parts.
The growing interest of the green tires that are manufactured from synthetic rubber is derived from bio-butadiene. A major share of bio-butadiene is consumed in the production of synthetic rubber and coatings that are used in the manufacture of automotive accessories and tires. Factors such as increasing use of rubber substitutes, like guayule or rice husk, and manufacture of new version of rubber are hindering the market growth.
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Further key findings from the report suggest
Acrylonitrile butadiene styrene (ABS) is a sturdy engineering thermoplastic and amorphous polymer that is used in the production of lightweight, rigid, and molded products which are used in a diverse set of end-use applications.
Key participants BASF SE, Reliance Industries Limited, Braskem, ExxonMobil Chemical Company, Royal Dutch Shell Plc., TPC Group Inc., Sinopec, LyondellBasell Industries N.V., Jiutai Energy Inner Mongolia Co. Ltd., and Lanxess among others.
ABS is usually used to manufacture protective housing for power tools and plastic face guards for a wall socket. It is also commonly used in the automotive industry for manufacturing of items including plastic alloys and decorative interior car parts. In the construction industry, this polymer finds application in the production of plastic tubing and corrugated plastic structures.
In developed regions such as Japan, the United States, and Western Europe, butadiene is produced as a byproduct of the steam cracking process used to manufacture ethylene and other alkenes. The amount of butadiene produced in C4 hydrocarbon extraction process depends on the hydrocarbons used as feed. Ethane, a light feed, give ethylene when cracked, but heavier feeds produced heavier butadiene.
Asia Pacific has the highest growth rate during the study, and it is expected that it would dominate the growth-share. Credit for this goes to the rapid development of the economies. China has invested heavily in research and development and in the expansion of production capacity. Growing automotive industry in Indonesia and Thailand, along with increasing construction activities mainly in India, China, and Indonesia, is anticipated to create growth opportunities in the region.
Regional Outlook
The key regions covered in the report are as follows:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- The Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
To know more about the report: https://www.reportsanddata.com/report-detail/butadiene-market
Market Segmnetation:
Production Process Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)
- C4 hydrocarbon extraction
- n-butane dehydrogenation
- From ethanol
- From butenes
Product Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)
- Styrene-Butadiene Rubber
- Styrene Butadiene Latex
- Butadiene Rubber
- Acrylonitrile Butadiene Rubber
- Nitrile Butadiene Rubber
- Hexamethylenediamine
End-User Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2018-2028)
- Building and Construction
- Healthcare
- Automobile Industries
- Consumer Products Industries
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Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Butadiene market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Butadiene market size
2.2 Latest regional market trends
2.3 Emerging growth trends
- Competitive Outlook
3.1 Global Butadiene market key players
3.2 Global Butadiene size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Butadiene market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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