Press release
Butadiene Market: Global Industry Trends and Forecast Analysis (2022-2029)
The Butadiene Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering the base year as 2021.
Essentially, butadiene is an odorless, extremely reactive gas. It is a crucial industrial ingredient utilised in the creation of synthetic rubber and plastic. The automotive sector uses the resulting rubber and plastic products for packaging, consumer goods, and protective apparel. Applications for them include polybutadiene, chloroprene, styrene-butadiene, nitrile rubber, SB latex, acrylonitrile butadiene styrene, adiponitrile, sulfolane, ethylidene norbornene, among others.
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The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
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Market Dynamics
Driver:
Most synthetic rubbers and elastomers, such as polybutadiene rubber (PBR), styrene-butadiene rubber (SBR), nitrile rubber (NR), and polychloroprene, are made using butadiene (Neoprene). They are then used to create additional products and materials. Tires are made using PBR and SBR. Among other things, neoprene and nitrile rubber are used to make gloves, seals, gaskets, hoses, wetsuits, foams, and water. Latex made of styrene-butadiene (SB) is used to make coatings for paper and carpet. The total number of automobiles produced in 2021, according to OICA, was 80,145,988 and increased by 3% from 2020. A total of 16,330,509 motor vehicles were made in Europe, 16,151,639 were produced in America, and 931,056 were produced in Africa in 2021. The butadiene market was controlled by the Asia-Pacific region. The Asia-Pacific downstream market experienced a significant boom in recent years, which contributed to the sharp rise in demand for butadiene.
Opportunities:
In the approaching years, it is projected that the development of bio-based butadiene would create lucrative prospects. Many market opportunities are projected as a result of manufacturers' attention on the development of bio-based production processes for butadiene and the rising demand for nylon 66 resin in significant end-use industries like automotive and electronics. Several academics are engaged in similar research, and governments support the use of bio-based substitutes in their respective countries.
Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help
Segmentation Analysis Of The Butadiene Market:
By Product
• Butadiene Rubber
• Styrene Butadiene Rubber
• Acrylonitrile Butadiene Rubber
• Nitrile Butadiene Rubber
• Others
By End-Users
• Automobile Industries
• Building & Construction
• Consumer Products Industries
• Healthcare
• Others
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Top Key Players Covered In Butadiene Market
• China Petroleum & Chemical Corporation (China)
• Shell PLC(UK)
• Eni Corporations (Italy)
• Evonik Industries (Germany)
• INEOS Group Ltd. (UK)
• LANXESS Chemicals Company (Germany)
• LG Chemicals Company (South Korea)
• LyondellBasell Industries Holdings BV (Netherlands)
• PJSC "Nizhnekamskneftekhim" (Russia)
• Repsol S. A. (Spain)
• Saudi Basic Industries Corporation (Saudi Arabia)
• The Dow Chemical Company (US)
• TPC Group(US)
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