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Butadiene Market 2018 Leaders Analysis - 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
Butadiene Market
The Global Butadiene Market is expected to reach 17,877.17 Kilotons by 2025, from 14,112.58 Kilotons in 2017 growing at a CAGR of 3.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Market Definition: Global Butadiene Market
Butadiene is a colourless and highly reactive gas. It is one of the important industrial compounds used for the production of synthetic rubber and plastic. The resultant rubber and plastic products are used by the automotive industries, for construction material, packaging, as a consumer product and for protective clothing. Butadiene-based polymers help to improve functionality, performance and protection at lower cost. According to Outlook magazine, in 2016, China’s light vehicle market was increased from 3.26 million units to 25.4 million units, with almost 14.7% increase in the market. This reflects the strong economy and growth. These above mentioned factors prove that the market of automotive industry around the globe is growing and will drive the demand for butadiene.
Market Drivers:
High demand by tire industry
Growing demand form end use industries
Improve functionality at lower cost
Market Restraint:
Butadiene production decrement due to shale oil discoveries
Harmful acute and chronic effect.
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Segmentation: Global Butadiene Market
By Product
Butadiene Rubber
Styrene Butadiene Rubber
Acrylonitrile Butadiene Rubber
Nitrile Butadiene Rubber
Styrene Butadiene Latex
Hexamethylenediamine
Others
By End User
Automobile Industries
Building & Construction
Consumer Products Industries
Healthcare
Others
By Geography
North America
Europe
Asia-Pacific
South America
Middle East & Africa
Competitive Landscape: Global Butadiene Market
The global butadiene market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of butadiene market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Butadiene Market
The key players operating in the global butadiene market are –
BASF SE
Exxonmobil Chemical Company
Reliance Industries Limited
Braskem
JSR Corporation
The other players in the market are 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, U.S.A., ZEON Corporation., Shanghai Petrochemical, Borealis AG., Versalis S.p.A., and many more.
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