The report offers detailed coverage of Synthetic Butadiene industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Synthetic Butadiene by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
Butadiene, also known as 1, 3-butadiene, is a colorless, non-corrosive gas that condenses to a liquid at minus 4.5 degrees centigrade and has a mild aromatic odor. It readily polymerizes with oxygen. It is soluble in alcohol and ether, however it is insoluble in water. It is an industrial chemical used in the manufacture of synthetic rubber. It is produced as a byproduct in the steam cracking process of ethylene and olefin production and acts as a predecessor to many processing materials and chemicals. Butadiene is used to make plastics including acrylics. Small amounts are found in gasoline.
Butadiene is a raw material for the production of synthetic rubbers, which go into tyres for the automotive industry.
In the world wide, giant manufactures mainly distribute in China, American and Europe. American has a long history and unshakable status in this industry, like Texas Petrochemicals and LyondellBasell, both have perfect products. Europe is the largest producer and consumption market of butadiene, it is BASF and Evonik that lead the technology development. In China, the manufactures focus in CNPC, CNOOC and Sinopec.
Due to the wide downstream consumption of the Butadiene, it should have large production share in daily chemical products. Recent years, there are some companies starting to research and development the product. The industry will form a much high concentration of global market competition in future. At present, the China, American and Europe account for above 70% of global market share in butadiene field.
After decades of development, the giant manufacturers have proven technique. The butadiene industry concentration is not very high in China, focusing in CNPC, CNOOC and Sinopec.
However, with additional supply coming amid continued weakness in the downstream synthetic rubber market, butadiene buyers have retreated to the sidelines, some factories shut down its butadiene unit. Recently, the price increases for the lack of butadiene, some small factories restart the unit.
In several years, more butadiene will be produced, and the cost will go down as the improvement of skill. The price of butadiene is effected by the economy and policy, after China G20, the price will increase in a short time. With the recovery of industry, butadiene market will be warm.
The report forecast global Synthetic Butadiene market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.
First, this report covers the present status and the future prospects of the global Synthetic Butadiene market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
BASF(DE)
Lyondell Basell (US)
Shell Chemical(NL)
Ineos O&P (DE)
FPCC(TW)
ExxonMobil(US)
Sabic(SA)
Zeon(JP)
Dow(US)
LG Chem(KR)
JSR Corp(JP)
Evonik(DE)
Reliance Industries (IN)
Nizhnekamskneftekhim(RU)
Sinopec (CN)
CNPC (CN)
CNOOC(CN)
FREP(CN)
North Huajin (CN)
At the same time, we classify Synthetic Butadiene according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
Market by Order Type
Oxidative dehydrogenation
Extractive distillation
Market by Application
SBR
PBR
SBS
ABS
Others
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Synthetic Butadiene market for the forecast period 2021 - 2025?
• What are the driving forces in the Synthetic Butadiene market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Synthetic Butadiene industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?