Butadiene Market Growth Analysis by Company: Sinopec, TPC Group, Braskem, Shell Chemical, CNPC, FPCC, BASF, ExxonMobil, JSR Corp, Lotte, LyondellBasell and More

Researchbeam.com has added a new “Global Butadiene Market by Manufacturers, Regions, Type and Application, Forecast to 2023” focusing on global major leading players with information such as company profiles, market trend, share and forecast.

This report focuses on the Butadiene in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

The production of global BD was 11652 K MT in 2011 and is expected to reach 14956 K MT by 2021, growing at a CAGR of 3.03% from 2016 to 2021.

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The global market is moderately concentrated with the top ten companies including Sinopec, TPC Group, Braskem, Shell Chemical, CNPC, FPCC, BASF, ExxonMobil, JSR Corp, Lotte accounting for over 60% of the global market in 2015. Other companies in the market include LyondellBasell, Ineos O&P, LG Chem, SABIC, Evonik, etc.

Butadiene is a raw material used in the production of rubber for tires, as well as for electrical appliances, footwear, plastics, asphalt, building materials, and latex. The demand for butadiene is over 1.2 billion MT per year worldwide, and growing. By producing a renewable butadiene, the everyday products made with it, like tires, can become more sustainable, with a smaller environmental footprint.

The technological level of butadiene in China has a big gap compared with the international advanced level. Outstanding performance in product application performance is not outstanding, function is not strong, supporting enough, clean low level, product updates slow, long development cycle. There is little butadiene performance in China at or near the international advanced level.

Butadiene industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to the agricultural field, especially in underdevelopment regions that have a large population and fast economic growth and the downstream application increasing, the need of butadiene maybe increase.

The worldwide market for Butadiene is expected to grow at a CAGR of roughly -3.3% over the next five years, will reach 15600 million US$ in 2023, from 19100 million US$ in 2017, according to a new study.

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Market Segment by Manufacturers, this report covers Sinopec, TPC Group, Braskem, Shell Chemical, CNPC, FPCC, BASF, ExxonMobil, JSR Corp, Lotte, LyondellBasell, Ineos O&P, LG Chem, Sabina and Evonik.

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