Global Butadiene Market, By Application (PBR, Chloroprene, SBR, Nitrile Rubber, ABS, Adiponitrile, S

Published Date: | Report Code : CH1958645

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Market Dynamics

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.

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.

Segment Analysis

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.

Key Factors Impacting Market Growth:

  • Increasing the use of polymers and synthetic rubbers in many industrial applications.
  • Rapidly increasing the production of automobiles
  • Innovation of bio-butadiene
  • Negative effects of  butadiene

Key Developments:

  • 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.

Regional Analysis

On the basis of the 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 preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regards to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include US, Germany, UK, France, Canada, Italy, Spain, and so on.  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.

Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. 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 has 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.

Companies Covered: ExxonMobil Chemical Company, Royal Dutch Shell Plc., BASF SE, Sinopec, TPC Group Inc., Braskem S.A., LyondellBasell Industries N.V., and ENI S.p.A. Other players include Ineos Group AG, China Petroleum & Chemical Corporation, Formosa Plastics Group, Evonik Industries AG, Lanxess AG, and JSR Corporation...

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:

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

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