Butadiene Market Report Analysis and Forecasts 2014 to 2021
Research Report on Global Butadiene Market 2014 to 2021 added by DecisionDatabases.com studies the current and upcoming Market Size, Share, Demand, Growth Trend and Forecast.
Butadiene is a chemical compound derived from ethylene and is used to produce synthetic rubber and bio-based rubber. 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. Commercially, butadiene has wide range of applications which include adhesives, rubber coatings, automotive tires, insulation of electric wires, construction, footwear, sealants and others.
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Rapid growth of automotive industry and increase in number of private and transport vehicles are major factors to upsurge the growth of global butadiene market. Construction industry uses synthetic butadiene rubber for roof construction and waterproofing which is another significant factor to boost the growth of this market.
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Major player assessed in the report is :
– BASF SE
– Eni S.p.A.
– Evonik Industries
– Exxon Mobil Corporation
– INEOS Group AG
– LyondellBasell Industries N.V.
– Petrochemical Corporation of Singapore Pte. Ltd.
– Repsol Group
– Royal Dutch Shell plc
– The Dow Chemical Company
– TPC Group
– Yeochun NCC Co. Ltd.
Footwear is a major trend of modern society and use of SBR in production of footwear is expected to provide high market penetration for butadiene segment for the forecast. In addition, use of bio-based butadiene rubber in many commercial applications is expected to open new opportunities for this market. Fluctuating price of raw materials and health related hazards of butadiene are major restraints of this market.
Asia Pacific dominates this market owing major regions like India and China. Rapid growth of automotive industry and ever-increasing population of these regions augment market growth of Asia Pacific. Followed by Asia Pacific, North America is the second region with high market growth. Latin America and MEA are emerging market expected to show steady growth for the forecast.
SEGMENTATIONS IN REPORT :
1. Butadiene By Product Types :
– Synthetic Butadiene
– Bio-Based Butadiene
2. Butadiene By Applications :
– Styrene Butadiene Rubber (SBR)
– Butadiene Rubber (BR)
– Styrene Butadiene Latex (SBL)
– Acrylonitrile Butadiene Styrene (ABS)
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