28-Feb-2020 | Facts and Factors
Findings from Facts and Factors report “Butadiene Market By Application (Nitrile Butadiene Rubber (NBR), Acrylonitrile Butadiene Styrene Resins (ABS), SB latex, Styrene Butadiene Rubber (SBR), and Hexamethylenediamine) and By Sales Channel (Direct Channel, and Indirect Marketing Channel): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Butadiene market in 2019 was approximately USD 35 Billion. The market is expected to grow at a CAGR of 4% and is anticipated to reach around USD 43 Billion by 2026.
Butadiene is a chemical that is used to manufacture synthetic rubber. The chemical has an aromatic odor, colorless, flammable and highly reactive in nature. It is ready to mix in alcohol and highly not soluble in water.
Browse the full “Butadiene Market By Application (Nitrile Butadiene Rubber (NBR), Acrylonitrile Butadiene Styrene Resins (ABS), SB latex, Styrene Butadiene Rubber (SBR), and Hexamethylenediamine) and By Sales Channel (Direct Channel, and Indirect Marketing Channel): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/butadiene-market-by-application-nitrile-butadiene-rubber-nbr
The rise in demand for consumer products is estimated to spur the Butadiene market in the forecasted period. The volatile prices of the raw material likely to hinder the market growth. The automobile industry growth in China and India is projected to drive the Butadiene market in the forecasted time. In addition to this, health alarms concerning the Butadieneare projected to make laws and regulations more stringent. To avoid such challenges, the industry is estimated to shift focus from the butadiene market to the bio-based substitutes. Butadiene is recognized as the carcinogenic substance.
The exposure of butadiene increases the odds of leukemia and cardiovascular disease. It is expected to limit the market growth.
Butadiene is a major prominent ingredient in rubber product formulations. The material has also been widely used in copolymers with acrylics. The crucial profits include economical source, dependability, a wide range of applications and easy obtainability. Several firms are collaborating on the substance's research and development dimension to improve their products and provide a larger market base that will fuel industry growth in the forthcoming time.
According to the sales channel, the market is bifurcated in direct and indirect market. Indirect marketing through intermediates and distributors is expected to have significant growth in the forecasted time.
The Asia Pacific has arisen as the prominent regional market for butadiene by India and China as the topmost end-user nations. In 2019, Asia Pacific contributed more than 40% of the total market volume for butadiene. In Europe and North America, the butadiene market is categorized by collective request for elastomers in the tyre industry. The Asia Pacific is also estimated to be the fastest-growing regional butadiene market in this area, owing to the growth of crucial end-use industries such as building & manufacturing, automotive and consumer products.
From all the Asia Pacific countries, by the naphtha cracking process, China is known as the major producer of butadiene. China started its first formulation of coal-to-olefin, and since then the ethylene production process based on CTO has been relevant. This has resulted in augmented butadiene consumption across China, as well as other Asia Pacific countries such as Indonesia, Japan and more.
Key leading players of the butadiene market are Braskem S.A., Lanxess A.G., Exxon Mobil Chemical Company, BASF S.E., ENI S.p.A, Nizhnekamskneftekhim O.A.O., LyondellBasell Industries N.V., Sinopec, TPC Group Inc., and Royal Dutch Shell Plc.
This report segments the Butadiene Market as follows:
Global Butadiene Market: By Application Segmentation Analysis
- Styrene-Butadiene Rubber (SBR)
- Acrylonitrile Butadiene Styrene Resins (ABS)
- Nitrile Butadiene Rubber (NBR)
- SB latex
Global Butadiene Market: By Sales Channel Segmentation Analysis
- Direct Channel
- Indirect Marketing Channel
Global Butadiene Market: Regional Segmentation Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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