Press release
Synthetic & Bio-based Butadiene Market Growth Analysis Focusing On Top Manufactures Shell, Evonik, INEOS, LyondellBasell, Dow, SABIC, PCS, Repsol, and TPC Group
Synthetic & Bio-based Butadiene
Synthetic & Bio-based Butadiene Market size is set to cross USD 24 billion by 2024, Bio-based will exhibit gains close to 13% CAGR from 2017 to 2024. The growth will be mainly attributed to favoring government norms towards bio-based material use on account of its ecofriendly characteristics.
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Report Mainly focuses on the top Manufacturers in global market are given bellow
BASF, Exxon Mobil, Shell, Evonik, INEOS, LyondellBasell, Dow, SABIC, PCS, Repsol, and TPC Group.
SB latex will experience growth close to 3% CAGR by 2024. It is widely used across building & construction industry for sealing & binding applications mainly due to its high flexibility, reduced shrinkage and extended durability. Furthermore, high bond strength of SB latex makes it preferred in waterproofing applications. In 2016, butadiene rubber generated revenue close to USD 5 billion. This segment led the application base in the same year due to its prevalent application in the tire manufacturing business.
Synthetic & Bio-Based Butadiene Market By Product
Synthetic butadiene
Bio-based butadiene
Synthetic & Bio-Based Butadiene Market By Application
SB rubber
Butadiene rubber
SB latex
ABS
Adiponitrile
Others
Strong growth indicators in the automotive and tire business globally will be the major growth prospect for the synthetic & bio-based butadiene market in the coming years. The industry will follow similar growth dynamics with automotive sector, as the product is essentially used in vehicle body parts. For instance, SB rubber owing to its value-added features of reduced rolling resistance and better grip is widely preferred in the tire manufacturing, as it helps in reducing carbon emissions along with increasing the vehicle efficiency. Furthermore, the global automobile sales, including both passenger cars and commercial vehicles, was approximately 75 million units in 2010 and reached close to 94 million units in 2016. This elevation in the automotive sales will consequently propel the synthetic & bio-based butadiene market share.
In 2016, the overall tire industry size was close to 2.5 billion units and is projected to reach 4 billion units by 2024. This trend will in turn stimulate the synthetic & bio-based butadiene market share, as the product is essentially used in tire manufacturing. Petrochemical derivatives are the major raw materials used in the product manufacturing. Thus, synthetic & bio-based butadiene market price trends follow similar dynamics with the crude oil. As a result, wavering crude oil prices shall obstruct synthetic butadiene market share in the coming years. However, escalating bio-based material demand in tire manufacturing along with increasing commercialization of sustainable products will boost bio-based butadiene market size by 2024.
Synthetic accounted for the largest share of the business in 2016. The product is majorly used in tire manufacturing and other automotive parts, particularly due to its characteristics such as superior grip and reduced rolling resistance. However, the segment will exhibit moderate CAGR during the projected timespan mainly due to volatility in raw material prices along with its potential threat for health as well as the environment.
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The above information is provided on a regional and country basis for the following:
• North America (U.S., Canada, Mexico)
o Europe (Germany, Italy, UK, France, Austria, Spain, Portugal, Ukraine, Switzerland)
o Asia Pacific (Japan, China, India, South Korea, Australia)
o Latin America (Brazil, Mexico)
o MEA (South Africa, Saudi Arabia)
In 2016, Asia Pacific synthetic & bio-based butadiene market share accounted more than half of the industry share. Substantial industry size along with decent growth rate by 2024 will be primarily due to prevalence of enormous end-user industries (construction, automotive) in China and India. In 2016, synthetic & bio-based butadiene share was fragmented with key companies holding close to 30% industry share. Key industry players are BASF, Exxon Mobil, Shell, Evonik, INEOS, LyondellBasell, Dow, SABIC, PCS, Repsol, and TPC Group.
Data Tables:
TABLE 1 Synthetic & bio-based butadiene industry 360° synopsis, 2013 – 2024
TABLE 2 Global synthetic & bio-based butadiene market (Volume & Revenue), 2013 - 2024
TABLE 3 Global synthetic & bio-based butadiene market by product, (Kilo Tons), 2013 - 2024
TABLE 4 Global synthetic & bio-based butadiene market by product, (USD Million), 2013 - 2024
TABLE 5 Global synthetic & bio-based butadiene market by application, (Kilo Tons), 2013 - 2024
TABLE 6 Global synthetic & bio-based butadiene market by application, (USD Million), 2013 – 2024
TABLE 7 Global synthetic & bio-based butadiene market by region (Kilo Tons), 2013 - 2024
TABLE 8 Global synthetic & bio-based butadiene market by region (USD Million), 2013 - 2024
TABLE 9 Industry impact forces
TABLE 10 Global synthetic butadiene market, (Volume & Revenue), 2013 – 2024
TABLE 11 Global synthetic butadiene market volume by region (Kilo Tons), 2013 – 2024
TABLE 12 Global synthetic butadiene market revenue by region (USD Million), 2013 – 2024
TABLE 13 Global bio-based butadiene market, (Volume & Revenue), 2013 – 2024
TABLE 14 Global bio-based butadiene market volume by region (Kilo Tons), 2013 – 2024
TABLE 15 Global biobased butadiene market revenue by region (USD Million), 2013 – 2024
TABLE 16 Global synthetic & bio-based butadiene market for SB rubber (Volume & Revenue), 2013 – 2024
TABLE 17 Global synthetic & bio-based butadiene market volume for SB rubber, by region (Kilo Tons), 2013 – 2024
TABLE 18 Global synthetic & bio-based butadiene market revenue for SB rubber, by region (USD Million), 2013 – 2024
TABLE 19 Global synthetic & bio-based butadiene market for butadiene rubber (Volume & Revenue), 2013 – 2024
TABLE 20 Global synthetic & bio-based butadiene market volume for butadiene rubber, by region (Kilo Tons), 2013 – 2024
TABLE 21 Global synthetic & bio-based butadiene market revenue for butadiene rubber, by region (USD Million), 2013 – 2024
TABLE 22 Global synthetic & bio-based butadiene market for SB latex (Volume & Revenue), 2013 – 2024
TABLE 23 Global synthetic & bio-based butadiene market volume for SB latex, by region (Kilo Tons), 2013 – 2024
TABLE 24 Global synthetic & bio-based butadiene market revenue for SB latex, by region (USD Million), 2013 – 2024
TABLE 25 Global synthetic & bio-based butadiene market for ABS (Volume & Revenue), 2013 – 2024
To View Full Report@ https://www.marketstudyreport.com/reports/synthetic-bio-based-butadiene-market-size-by-product-synthetic-bio-based-by-application-sb-rubber-butadiene-rubber-sb-latex-abs-adiponitrile-industry-analysis-report-regional-outlook-u-s-canada-germany-uk-france-spain-italy-china-india-japan-australia-indonesia-malaysia-brazil-mexico-south-africa-gcc-growth-potential-price-trends-competitive-market-share-forecast-2017-2024
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