Global Butadiene Market sights, Size & Share | Global Analysis Report 2028

Posted January 17, 2022 by Salvina

Global Butadiene Market sights, Size & Share | Global Analysis Report 2028
Global Butadiene Market is valued approximately at USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3.5% over the forecast period 2021-2027. Butadiene is a colorless, highly reactive gas that is utilized in the manufacture of synthetic rubber and plastic. Automobile manufacturers employ the resulting rubber and plastic products as construction materials, packaging, consumer goods, and protective gear. The market is driven by key factors such as rising number of automobiles and growth by the tire industry. for instance, as per Statista, between 2019 and 2027, the worldwide automobile tire industry is expected to expand significantly. While the market was valued at over USD 112 billion in 2019, it is anticipated to reach over USD 154 billion by 2027. Furthermore, several industrial players are continuously involving into the rubber and plastic products manufacturing activities. However, maturity of the product, may impede market growth over the forecast period of 2021-2027.
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Asia-Pacific leading the butadiene market owing to enhanced & favorable investment policies by the government in order to promote industrial growth, rise in population, and developing economies. Furthermore, China is one of the largest chemical manufacturing hubs in the world, with wide range of industries. The butadiene market in China is projected to develop significantly. Because a high number of indigenous players are present.
Major market player included in this report are:
Exxon Mobil Corporation
China Petroleum & Chemical Corporation
LyondellBasell Industries Holdings BV
Evonik Industries AG
Formosa Plastics Group
Reliance Industries Limited
JSR Corporation
LG Chem
Royal Dutch Shell PLC
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Polybutadiene (PBR)
Styrene-Butadiene (SBR)
Nitrile Rubber (Acrylonitrile Butadiene NBR)
Acrylonitrile Butadiene Styrene (ABS)
By End users Industry:
Plastic and Polymer
Tire and Rubber
Other End-user Industries
By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World
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Tags global butadiene market , global butadiene market trends
Last Updated January 17, 2022