Synthetic and Bio-based Butadiene Market Size And Forecast
Synthetic and Bio-based Butadiene Market is growing at a fast pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2020 to 2027
The Global Synthetic and Bio-based Butadiene Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market is outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Global Synthetic and Bio-based Butadiene Market study provide an outlook on the development of the market in terms of revenue throughout the prognosis period.
What is Synthetic and Bio-based Butadiene?
Synthetic Butadiene is produced from crude oil by the process of refining. Conventional methods of butadiene production are dehydrogenation of butane, steam cracking of hydrocarbons and dehydration of ethanol. Most prominently butadiene is used in the rubber industry as a chemical intermediate and monomer to produce elastomers. Rubber manufacturing industry incorporates butadiene as an intermediate which include acrylonitrile-butadiene-styrene (ABS), adiponitrile, styrene butadiene latex and polybutadiene.
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Global Synthetic and Bio-based Butadiene Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
To reduce dependency on feedstock, butadiene is produced from bio-based sources such as non-food biomass. The growing automotive sector is fueling growth of synthetic and bio-based butadiene. Continuous growth of tyre and polymers in developing countries and non-availability of natural rubber is propelling the growth of Synthetic and Bio based Butadiene Market. Moreover, butadiene is used as monomer in resins, rubber, plastic and bio-butadiene is used as raw material for producing butadiene which in turn driving the market of bio butadiene. On the other side high prices of volatile raw material such as petrochemical derivatives and stringent government regulations to control usage of synthetic butadiene is expected to restrict synthesis and bio based butadiene market. Developing countries like India and china are expected to generate huge opportunities as stringent regulations by U.S EPA on hazardous chemical releases hampering the market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global Synthetic and Bio-based Butadiene Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Synthetic and Bio-based Butadiene Market Competitive Landscape
The “Global Synthetic and Bio-based Butadiene Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as BASF SE, Eni S.p.A, PCS, Royal Dutch Shell, TPC Group, Evonik Industries AG, INEOS Group, Exxon Mobil, LyondellBasell Industries, Repsol, SABIC and The Dow Chemical Company. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Synthetic and Bio-based Butadiene Market, By Type
• Synthetic Butadiene
• Bio-based Butadiene
Synthetic and Bio-based Butadiene Market, By Application
• Butadiene Rubber
• Latex
• Rubber
• Adiponitrile
• Others
Synthetic and Bio-based Butadiene Market, By Geographic Scope
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
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