Butadiene Market Expansion Throughout the Forecast Period 2029
Butadiene market is expected to reach US$ 48.79 Bn. in 2029, with a CAGR of 4.4% for the period 2022-2029, because of growing demand in the tire industry.
Butadiene Market Overview
The report on Butadiene Market published by the renowned business consulting firm Maximise Market Research indicates the substantial growth in the Butadiene market is expected in forecast period by 2022-2029. The key market drivers are driving the markets growth and in depth analysis of it is provided in the report. It emphasizes how competitive global economy and gives description of the key competitors and recent most successful strategies that were used by the competitors.
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Market Scope
The report of MMR provides the in-depth analysis of the market segmentation and the Butadiene markets key competitors analysis which gives a competitive landscape. A noteworthy analysis of the Butadiene market sectors and opportunities is included in the MMR’s report. The report provides the current market trends in terms of demand and supply chain, sales and recent changes in market. The primary and secondary data is analysed to understand the Butadiene market behaviour. The primary data consists of the personal interviews of industry experts and professionals, lower market level study, telephonic surveys and in secondary date the annual reports, government reports, financial reports, data bases of organisations, industry journals, white papers, releases of product manufacturers and suppliers in the industry along with the paid databases. Different methodologies are used to understand the strengths and weakness of the Butadiene market.
Segmentation
Many elastomers, including styrene-butadiene rubber (SBR), polybutadiene, acrylonitrile butadiene styrene (ABS), styrene-butadiene latex, and nitrile rubber, employ butadiene as their principal raw ingredient. It is mostly made by steam cracking, but it can also be made via butane or butene dehydrogenation. The automobile sector has a significant impact on the demand for synthetic rubbers, which in turn has an impact on the butadiene market, while supply is reliant on the ethylene industry, which is a main product required for the steam cracking process. As a result, the demand-supply pressures of other markets have a significant impact on the butadiene business.
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Key Players
• China Petroleum & Chemical Corporation
• Royal Dutch Shell Plc
• Eni S.p.A.
• Evonik Industries AG
• Ineos Group AG
• LANXESS
• LG Chem
• LyondellBasell Industries Holdings B.V.
• Nizhnekamskneftekhim.
• Repsol
• SABIC
• The Dow Chemical Company
• TPC Group
• Formosa Plastics Corporation
• ZEON Corporation.
• Shanghai Petrochemical
• Borealis AG.
• Versalis S.p.A
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Regional Analysis
The Butadiene region had highest market share of the Butadiene market in 2021 and is also expected to keep the dominance in the market. The research for the report is done globally on specific regions to understand the regional Butadiene market thoroughly what are its restrictions and developments and opportunities. Government subsidiaries or initiatives also boosts the regional market growth and it is also studied in the MMR’s report. The region wise survey is done in a wide range of high end regional investigations to understand the regional Butadiene market.
Key Questions answered in the Butadiene Market Report are:
- What is Butadiene Market?
- What is the forecast period of the Butadiene Market?
- What is the competitive scenario of the Butadiene market?
- Which region held the largest market share in the Butadiene Market?
- What are the opportunities for the Butadiene Market?
- What factors are affecting the Butadiene market growth?
- Who are the key players of the Butadiene market?
- Which company held the largest share in the Butadiene market?
- What will be the CAGR of the Butadiene market during the forecast period?
- What key trends are likely to emerge in the Butadiene market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Butadiene
- Landscape- Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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