Butadiene Market Size, Status and Business Growth 2021 to 2026

The market for butadiene is expected to register a CAGR of around 4% during the forecast period.The Global Butadiene Market Research Report 2021-2026 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope, and application of this report.

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Key Market Players:

BASF SE, Braskem SA, China Petroleum & Chemical Corporation (Sinopec), Dow, Exxonmobil Chemical Company, Formosa Plastics Group, Ineos Group AG, JSR Corporation, Lanxess AG, LG Chem Limited, Lotte Chemical Titan Holding Berhad, Lyondellbasell Industries NV, Reliance Industries Limited, Repsol SA, Royal Dutch Shell PLC, Saudi Basic Industries Corporation (SABIC), TPC GROUP  and Other and Other

Key Market Trends

Polybutadiene (PBR) to Dominate the Market

- The automotive industry relies on PBR for non-tire applications, such as hoses, belts, gaskets, and other automotive components, because of its high resistance to cold temperatures.
- The increasing number of automobiles across the world and the increasing demand for PBR for numerous applications are expected to stimulate the growth of the global butadiene market. However, the recent downfall in automobile production and sales is likely to hinder the market growth.
- PBR consumption is dominated by Northeast Asia, particularly China. West Europe and North America are the next largest consumer regions for PBR.
- On the supply side, the PBR plants in Asia are running at full rates to meet the strong demand. Deep-sea supplies from Europe and the Middle East are also expected to head to Asia, in order to help meet the strong demand.
- Leading producers of PBR around the world include Lanxess, Korea Kumho, Michelin, Ncgromcx, Nippon Zeon, Petkim, Turkey, Petrochim, RcpsonOuimica, Taiwan Synthetic, Ube and Romania, and CIS.

Asia-Pacific Region to Dominate the Market

- The Asia-Pacific region dominated the global butadiene market. The downstream market in Asia-Pacific witnessed a huge spur in the past few years, owing to which, the demand for butadiene has witnessed a rapid increase due to its requirement.
- China has achieved some milestones in shale gas exploration, both in capacity and drilling techniques, making it one of the top shale gas suppliers worldwide.
- India, with the support of the United States, is working on developing the shale gas exploration in its coastal regions, with US companies joining the exploration process. India has recoverable shale gas reserves, which are estimated to have a capacity of 96 trillion cubic feet (tcf), mainly in Tamil Nadu, Andhra Pradesh, and Rajasthan. The Krishna-Godavari basin, located in eastern India, holds the countrys largest shale gas reserves, extending over 7,800 gross square miles, with a prospective area of 4,340 square miles.
- Presently, Australia has the seventh-biggest potential shale gas resources and the sixth-biggest shale oil resources in the world. According to an estimate, the technically recoverable shale resources were at 437 tcf in six basins, and about 1,000 tcf in all the prospective basins, in 2013. Australia has large shale gas formations that are similar in size to the Marcellus and Bakken formations in the United States.
- Therefore, the aforementioned factors are expected to drive the demand for butadiene in the coming years.

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What are the market factors that are explained in the report?

Executive Summary: It includes key trends of the global Butadiene market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the global Butadiene market based on production and revenue.

Production and Consumption by Region: It covers all regional markets focusing on the research study. It discusses prices and key players besides production and consumption in each regional market.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the global Butadiene market.

Market Segments: This part of the report discusses product type and application segments of the global Butadiene market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approaches Butadiene used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format

- 3 months of analyst support

How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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