Butadiene Market Behavior Forecast With Trends, Challenges & Drivers | ExxonMobil Chemical Company, Royal Dutch Shell Plc. | Forecast To 2025

A recent report published by QMI on Butadiene market is a detailed assessment of the most important market dynamics. After carrying out thorough research of butadiene market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for butadiene during the forecast period. It can enable manufacturers of butadiene to change their production and marketing strategies in order to envisage maximum growth.

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According to the report, increasing the use of polymers and synthetic rubbers in many industrial applications is expected to drive the growth of the Global Butadiene Market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Understanding the chemistry and uses of Butadiene
Butadiene is a colorless gas compressed to a liquid readily. Industrially, it is essential as a monomer in synthetic rubber manufacturing. The molecule can be seen as uniting two communities of vinyls. It's the easiest diene in conjugation.

Butadiene also offers producers extra benefits such as a glossy and impermeable layer, and the butadiene portion, which is a rubbery material, provides resilience even at small altitudes and is impact-resistant, hard and heat-resistant. Furthermore, global growth in supply for lightweight cars is anticipated to increase automotive manufacturing, riding requirement for butadiene in the days to come.

Butadiene is primarily used in the production of synthetic rubbers and elastomers including polybutadiene rubber (PBR), styrene-butadiene gum (SBR), nitrile gum (NR), and polychloroprene (Neoprene). In short, these are used in the manufacture of other products and equipment. Plastics produced from butadiene-based rubber comprise primarily of acrylonitrile-butadiene-styrene (ABS) glue, which has many apps.

Polybutadiene is widely used in automotive tire manufacturing. It has been reported that the tire production method consumes a considerable portion of the world's polybutadiene production. It is largely used in tires as a sidewall to enhance fatigue induced during the ride by constant flexing. Butadiene also discovers different apps in other components of the automobile.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. ExxonMobil Chemical Company
2. Royal Dutch Shell Plc.
3. BASF SE
4. Sinopec
5. TPC Group Inc.
6. Braskem S.A.
7. LyondellBasell Industries N.V.
8. ENI S.p.A.
9. Ineos Group AG
10. China Petroleum & Chemical Corporation
11. Formosa Plastics Group
12. Evonik Industries AG
13. Lanxess AG
JSR Corporation

Important Factors Impacting Market Growth:

o Increasing the use of polymers and synthetic rubbers in many industrial applications.
o Rapidly increasing the production of automobiles
o Innovation of bio-butadiene
o Negative effects of butadiene
Significant Developments:
o March 2018, Kuraray Co., Ltd, Sumitomo Corp., and PTT Global Chemical signed an agreement to enter into a joint venture company that will focus on the progression of a feasibility study for the sales and manufacturing of butadiene in Thailand.

Insights about regional distribution of market:

Based on region, the global butadiene market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe are some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe.

This region has been witnessing the number of transitions in terms of productions of chemicals and respective applications by end-use industries. The Asia Pacific and the Middle East are expected to register substantial growth in the global butadiene market during the forecast period. This demand is with regard to the growth of major end-use industries such as Plastic and Polymer, Tire and Rubber, Automobile, Chemical, Others.

Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for the global butadiene market. There have been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the global butadiene market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Market Segmentation:

By Application:
Polybutadiene (PBR)
Chloroprene
Styrene-Butadiene (SBR)
Nitrile Rubber (Acrylonitrile Butadiene NBR)
Acrylonitrile Butadiene Styrene (ABS)
Adiponitrile
Sulfolane
Ethylidene Norbornene
Styrene Butadiene Latex
Others

By End-use Industry:
Plastic and Polymer
Tire and Rubber
Automobile
Chemical
Others

By Region:
North America
By Country (US, Canada, Mexico)
By Application
By End-use industry
Western Europe:
By Country (Germany, UK, France, Spain, Rest of Western Europe)
By Application
By End-use industry
Eastern Europe:
By Country (Russia, Turkey, Rest of Eastern Europe)
By Application
By End-use industry
Asia Pacific
By Country (China, Japan, India, Rest of Asia Pacific)
By Application
By End-use industry
Middle East:
By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
By Application
By End-use industry
Rest of the World
By Region (Latin America, Brazil, Rest of the World)
By Application
By End-use industry

Reasons To Buy This Report:
o Market size estimation of the butadiene market on a regional and global basis
o The unique research design for market size estimation and forecast
o Profiling of major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:
We provide customization of the study to meet specific requirements:
o By Segment
o By Sub-segment
o By Region/Country

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +91 - 9850603687 / 7972869557
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.