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Global Butadiene Market Overview

09-10-2019 04:19 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Prismane Consulting

Global butadiene demand was estimated to be around 12296 kilo tons in 2018.

Global butadiene demand was estimated to be around 12296 kilo tons in 2018.

Global butadiene demand was estimated to be around 12296 kilo tons in 2018. The global butadiene market has grown at an average of 3.2% from 2014 to 2018 mainly due to strong demand from butadiene derivatives like Styrene Butadiene Rubber (SBR), Polybutadiene Rubber (PBR), Acrylonitrile Butadiene Styrene (ABS) and others in the Asia-Pacific region. The global butadiene market was impacted by the economic meltdown in 2008-2009. The demand declined during that period, with an estimated decline of more than 4% in 2009. The demand bounced back in 2011.
The global butadiene demand is dominated by the production of rubber and latex elastomers, to serve its major market, SBR and Polybutadiene Rubber (PBR). The dynamics in the automotive and tyre industries has a major impact on the global butadiene market. The downturn observed in the automotive industry in the USA and Western Europe owing to the global economic recession had a severe impact on the automotive industry in 2008-2009. The biggest non-elastomer application of Butadiene is ABS resin accounting for almost 15.7% of the total butadiene demand. It was also expected to one be the fastest growing application during that period. Other major large volume applications of Butadiene like SBR and SB latex have grown at an annual average of 3.3% and 2.7% respectively.
In terms of major end-use applications and derivatives market, SBR was expected to lead the consumption with more than 28.6% market share followed by PBR with a market share of around 23.9%. Adiponitrile and ABS followed with 5.1% and 15.7% market share respectively while Nitrile and Polychloroprene elastomers trailed with 7.7% share in global butadiene market.
For Further Information,Please visit:https://prismaneconsulting.com/blog_details/121/Global-Butadiene-Capacity-Additions-and-Market-Overview

Prismane Consulting
Office #519, Amanora Chambers, Amanora Park Town,
Hadapsar-Magarpatta Road,
Pune 411028
India

Prismane Consulting is a unique global boutique consulting firm with an Indian origin. We present ourselves to the world outside providing management, economic and technical expertise to improve customer engagement, boost operational efficiency, reduce costs and achieve superior business results. Prismane Consulting serves leading businesses in the field of Chemicals, Petrochemicals, Polymers, Materials, Environment and Energy. We have been advising clients on their key strategic issues solving their toughest and most critical business problems.

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