Global Butadiene Extraction Market: Snapshot by 2021
In the recent years, the most significant butadiene consuming regions of the world are North America, West Europe, and Northeast Asia. Countries such as China has been witnessing a rapid growth of tire and rubber goods production, both for domestic consumption and export, is causing rapid growth in demand for synthetic rubber, indirectly boost the demand for butadiene market. The location of existing and future butadiene extraction capacity will be critical to meet demand growth into the synthetic rubber (polybutadiene & styrene-butadiene), nylon (via adiponitrile), and ABS (acrylonitrile- butadiene-styrene) markets. In North America, butadiene extraction capacity is expected to operate below maximum rates, restricted by the limitations of reasonable feedstock and local demand. In Northeast Asia, expansion of existing butadiene extraction capacity beyond what has currently been announced is needed to maintain reasonable extraction operating rates and secure the supply chain of the rapidly expanding butadiene derivative markets. In West Europe, butadiene extraction units will be required to run at high rates to supply slowly growing domestic demand and take advantage of high netback export sales where possible.
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Some of the major companies operating in the global butadiene extraction market are BASF SE, Qatar Petroleum, Reliance Industries Limited, ZEON CORPORATION, TPC Group Inc., Indian Oil Corporation Limited, Evonik Industries AG and Royal Dutch Shell.
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