Press release
Introduction of Bio-based Alternatives to Present New Opportunities to Growth of Global Butadiene and its Derivatives Market
MarketResearchReports.biz announces the addition of a new report, titled “Global Butadiene and its Derivatives Market 2017-2021,” to its expanding database. The report looks into market indicators, growth trends, and product developments to present insights about the growth of the global butadiene and its derivatives market over the forecast period from 2017 to 2021. In this report, the regional markets of the Americas, EMEA, and APAC are examined for a know-how of the growth curve of the global market for butadiene and its derivatives. The report has been prepared after an extensive research phase and insights received from industry experts on their viewpoint about the market’s progression.
According to the report, the global butadiene and its derivatives market is expected to expand at a CAGR of 10.16% between 2017 and 2021.
The report says that the surging demand for tires and other rubber products is the primary factor driving the butadiene and its derivatives market. The thriving automobile industry predominantly in the emerging economies is indirectly benefitting the butadiene and its derivatives market. The ever-rising demand for consumer goods across the world is also benefitting this market, says the report.
However, the growth of this market is challenged due to several factors. The availability of substitutes that are cost-effective and the demand-supply gap between butadiene and its derivatives is limiting the growth of this market.
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Nevertheless, the prominence of bio-based products and rising popularity of green tires is expected to have a positive bearing on the growth of this market.
The report presents the vendor landscape of the market as well. The leading players in the butadiene and its derivatives market include BASF, Dow Chemical, LyondellBasell Industries, China Petrochemical Corporation, ExxonMobil, and Royal Dutch Shell. Some other players in this market include Braskern, China National Petroleum Corporation, Evonik, FUJAN REFINING & PETROCHEMICAL, INEOS, LANXESS, Lion Elastomers, North Huajin Chemical Industries, Repsol, Synthos, Zeon, CNOOC Limited, Eni, Formosa Petrochemical, Genomatica, JSR, LG Chem, Nizhnekamskneftekhim, Reliance Industries, SABIC, and TPC Group.
The report begins with an overview of terms and terminologies, industry statutes, and industry policies that are relevant in the context of the butadiene industry. This is followed by a detailed discussion on manufacturing cost of butadiene and its derivatives. This includes raw material costs, labor costs, logistics, and additional costs. An analysis of upstream raw materials for butadiene and downstream availability of finished products over the forecast period between 2017 and 2021 is also presented herein.
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The concluding part of the report covers feasibility and profitability analysis of new ventures and new investments in the global butadiene and its derivatives market. An analysis of strengths, weakness, opportunities, and threats of this market until 2021 is also presented herein.
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