As per this study, the Global Synthetic Butadiene And Biobased Butadiene Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%. By volume, the market was estimated XX KT in 2021 and is expected to reach XX KT by 2026 with a CAGR of XX%.
Synthetic butadiene and biobased butadiene are also referred to as 1, 3-butadiene. They are non-corrosive and colorless gas with mild aromatic smell. Synthetic butadiene and biobased butadiene are primarily used for the production of rubber products around the globe and tires for automobiles. Owing to their excellent tear strength, conductivity, and enhanced resilience property they are widely used as rubber-reinforcing agents in the tire manufacturing industry.
The rising demand for Synthetic butadiene and biobased butadiene from automotive and rubber industry is primarily fueling the market growth. Expanding the chemical industry around the globe coupled with the ongoing industrialization is further expected to propel the market demand. On the other hand, the fluctuating price of raw materials and toxic gases emitted in the environment during the production of synthetic butadiene is likely to hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of synthetic butadiene and biobased butadiene.
The broad synthetic butadiene and biobased butadiene market has been sub-grouped into product type and end-use. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Type
- Styrene Butadiene Rubber (SBR)
- Poly Butadiene Rubber (PBR)
- Styrene Butadiene Latex (SB Latex)
- Acrylonitrile Butadiene Styrene (ABS)
- Others (including NBR and SSBR)
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for synthetic butadiene and biobased butadiene in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Synthetic Butadiene And Biobased Butadiene Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the synthetic butadiene and biobased butadiene market includes BASF SE, Eni S.p.A., Evonik Industries, Exxon Mobil Corporation, Petrochemical Corporation of Singapore Pte. Ltd, Repsol Group., Royal Dutch Shell Plc, Saudi Basic Industries Corporation, The Dow Chemical Company, TPC Group, and others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.