Global Butadiene Market to Garner USD 44.77 Billion With CAGR of 4.4% By Forecast 2027

[akash Arjun pingale]

Global Butadiene Market:  is expected to reach US$ 44.77 Bn. in 2027, with a CAGR of 4.4% for the period 2021-2027, because of growing demand in the tire industry.

Global Butadiene Market Overview: Many elastomers, including styrene-butadiene rubber (SBR), polybutadiene, acrylonitrile butadiene styrene (ABS), styrene-butadiene latex, and nitrile rubber, employ butadiene as their principal raw ingredient. It is mostly made by steam cracking, but it can also be made via butane or butene dehydrogenation. The automobile sector has a significant impact on the demand for synthetic rubbers, which in turn has an impact on the butadiene market, while supply is reliant on the ethylene industry, which is a main product required for the steam cracking process. As a result, the demand-supply pressures of other markets have a significant impact on the butadiene business.

Maximize Market Research's new report, Global Butadiene Market 2021-2027, is useful for understanding the market's competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2021-2027). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Global Butadiene market. 

Global Butadiene Market Scope:

The research provides an analytical view of the business by studying several elements such as worldwide Global Butadiene market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market's complexities. The research provides an overview of the worldwide Global Butadiene market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.

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Global Butadiene Market Segmentation: Because of the region's rapid industrialization and rising demand for butadiene in automotive and rubber applications, Asia-Pacific dominates the butadiene market and is expected to grow at the fastest rate during the forecast period. China is the largest consumer of butadiene, followed by India and other South-East Asian countries, and is the fastest-growing market in the area due to increased vehicle production. According to the China Association of Automobile Manufacturers (CAAM), commercial vehicle sales and production reached 5,01,000 and 4,68,000 units, respectively, in April 2020, representing a considerable increase of 91 percent and 73.8 percent over March. For players in the butadiene market, this presents profitable prospects. Also, the growing use of butadiene derivatives in the textile industry for the production of footwear, gloves, and belts is boosting regional market growth.

Global Butadiene Market Key Players: 

• China Petroleum & Chemical Corporation
• Royal Dutch Shell Plc
• Eni S.p.A.
• Evonik Industries AG
• Ineos Group AG
• LANXESS
• LG Chem
• LyondellBasell Industries Holdings B.V.
• Nizhnekamskneftekhim.
• Repsol
• SABIC
• The Dow Chemical Company
• TPC Group
• Formosa Plastics Corporation
• ZEON Corporation.
• Shanghai Petrochemical
• Borealis AG.
• Versalis S.p.A.
• Others

It then discusses the top competitors in the worldwide Global Butadiene market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:

 

Global Butadiene Market Regional Analysis:

The report has analyzed the Global Butadiene market in the following regions:

• America, North (the United States, Canada, and Mexico)
• European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
• Latin America (Brazil, Argentina, Colombia, and Rest of South America)
• Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)

The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Global Butadiene market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.

COVID-19 Impact Analysis on Global Butadiene Market:

COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.

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Key Questions Answered in the Global Butadiene Market Report are:

• Which are the major companies in the Global Butadiene market?

• Which is the potential market for Global Butadiene in terms of the region?

• Which application area of Global Butadiene is expected to grow at a significant rate in the market in the next 5 years?

• What are the opportunities for new market entrants?

• What will be the Global Butadiene market size by 2027?

• What are the growth prospects for the Global Butadiene market?

• What is the base year considered in the Global Butadiene market report?

• Which region holds the largest market share in the Global Butadiene market?

• What factors are anticipated to drive the Global Butadiene market?

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