1,3 Butadiene (BD) Market is Projected to Reach USD 3.99 Billion by 2030, Registering a CAGR of 5.6%

𝟏,𝟑 𝐁𝐮𝐭𝐚𝐝𝐢𝐞𝐧𝐞 (𝐁𝐃) 𝐌𝐚𝐫𝐤𝐞𝐭

1,3 Butadiene (BD)-Market Insights, Size Revenue, Outlook, Overview, and Analysis. The 1,3 Butadiene (BD) market was estimated to be worth USD 2.47 billion in 2021 and is predicted to expand to USD 3.99 billion by 2030, with a CAGR of 5.6% from 2022 to 2030.

𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐜𝐨𝐩𝐞:

This comprehensive study provides an accurate overview of the worldwide 1,3 Butadiene (BD) market. Comprehensive analyses of sales volume, price, revenue, market share, and important companies are included. The market is further divided into segments by type, application, and region in the study, which offers a comprehensive picture of the state of the market.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧:

Butadiene is also commonly recognized as 1,3 butadiene. This industrial chemical is employed in manufacturing synthetic rubber. It is generated as a secondary product while producing olefin and ethylene through steam-cracking. It is a highly reactive, transparent, and flammable gas with a slight aromatic smell. It readily undergoes polymerization with oxygen. It can dissolve in ether as well as alcohol.

𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.polarismarketresearch.com/industry-analysis/1-3-butadiene-market/request-for-sample

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐓𝐫𝐞𝐧𝐝𝐬:

● Anticipated increases in consumer product preferences are expected to drive up demand for BD in resin. The main companies are implementing plans to introduce consumer goods utilizing Big Data, increasing market expansion throughout the projected time frame.
● The growing manufacturing of cars has resulted in a higher need for the 1,3 Butadiene (BD) market due to its usage in tire production.

𝐓𝐨𝐩 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬:

In this extremely competitive market, major rivals constantly innovate and differentiate their products in an effort to take the lead in the market. Here are the top companies in the market:

• BASF SE
• Bangkok Synthetics Co. Ltd
• China National Petroleum Corporation
• China Petroleum & Chemical Corporation
• Dow Chemical Inc.
• ExxonMobil Chemical Corp.
• Jiutai Energy Inner Mongolia Co. Ltd.
• Lanxess Corporation
• LG Chem Corp
• Royal Dutch Shell PLC
• Reliance Industries Inc.
• Shell Chemical LP
• TPC Group

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞:
https://www.polarismarketresearch.com/industry-analysis/1-3-butadiene-market/inquire-before-buying

𝟏,𝟑 𝐁𝐮𝐭𝐚𝐝𝐢𝐞𝐧𝐞 (𝐁𝐃) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• Polybutadiene rubber (BR) is expected to grow at a lucrative CAGR over the forecast period. In place of natural rubber, synthetic BR is employed. Two techniques, anion exchange polymerization or coordinating polymerization of 1,3- BD in the non-polar solution, can be used to create BR.
• The ABS segment accounted for a significant share. Acrylonitrile BD Styrene, sometimes known as ABS plastic, is a polymer that is crystalline, impact-resistant, and opaque. While Styrene provides qualities like hardness and ease of processing, BD provides durability and toughness, while Acrylonitrile gives high levels of temperature and chemical tolerance.
• Asia-Pacific growing with the fastest CAGR over the forecast period. The increase in government regulation along with the rising product demand from various applications. The nation's finest producer of automobiles is the Asia-Pacific area. Styrene- BD as well as other intermediaries, which are needed to make automotive components like tires and conveyor belts, are produced from BD.

𝐂𝐨𝐮𝐧𝐭𝐫𝐲-𝐖𝐢𝐬𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

According to regional analysis, the demand in North America is anticipated to witness substantial growth due to its strong automotive industry and the existence of major manufacturers' production plants, and North America is expected to maintain a portion of the global market.
Also, there has been a drop in the East Asia market demand as a result of a temporary shortage in the automotive sector. However, it is expected to increase profitably in the upcoming years.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/1-3-butadiene-market

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

Polaris Market Research has segmented the 1,3 Butadiene (BD) market report based on type, application, and region:

1,3 Butadiene (BD), Type Outlook (Revenue - USD Billion, 2018 - 2030)
• Extractive Distillation
• Oxidative Dehydrogenation

1,3 Butadiene (BD), Application Outlook (Revenue - USD Billion, 2018 - 2030)

• Styrene Butadiene Rubber (SBR)
• Butadiene Rubber (BR)
• Styrene Butadiene Latex (SBL)
• Acrylonitrile Butadiene Styrene (ABS)
• Adiponitrile
• Others

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Shell and Tube Heat Exchanger Market: https://www.polarismarketresearch.com/industry-analysis/shell-and-tube-heat-exchanger-market

Polytetrafluoroethylene (PTFE) Market: https://www.polarismarketresearch.com/industry-analysis/polytetrafluoroethylene-market

Silicon Market: https://www.polarismarketresearch.com/industry-analysis/silicone-market

Purging Compound Market: https://www.polarismarketresearch.com/industry-analysis/purging-compound-market

Dicyclopentadiene (DCPD) Market: https://www.polarismarketresearch.com/industry-analysis/dicyclopentadiene-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
Likhil G
8 The Green Ste 19824,
Dover, DE 19901,
United States
Phone: +1-929 297-9727
Email: sales@polarismarketresearch.com
Web: https://www.polarismarketresearch.com
Follow Us: LinkedIn | Twitter

𝐀𝐛𝐨𝐮𝐭 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 & 𝐂𝐨𝐧𝐬𝐮𝐥𝐭𝐢𝐧𝐠, 𝐈𝐧𝐜:

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.

This release was published on openPR.