1, 3 butadiene market will reach an estimated valuation of 19.6 Million Tons by 2027, while registering this growth at a rate of 4.50% for the forecast period of 2020 to 2027. 1, 3 butadiene market report analyses the growth, which is currently being growing due to the rising preference of butadiene in production of consumer products.
1, 3 Butadiene Market Scope and Market Size
1, 3 butadiene market is segmented on the basis of type, product and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the 1, 3 butadiene market is segmented into extractive distillation and oxidative dehydrogenation.
- On the basis of product, the 1, 3 butadiene market is segmented into butadiene rubber, styrene butadiene rubber, acrylonitrile butadiene rubber, nitrile butadiene rubber, sb latex, hexamethylenediamine and others.
- On the basis of end user, the 1, 3 butadiene market is segmented into automobile industries, building and construction, consumer products industries, healthcare and other.
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Market Analysis and Insights: Global 1, 3 Butadiene Market
1, 3 butadiene market will reach an estimated valuation of 19.6 Million Tons by 2027, while registering this growth at a rate of 4.50% for the forecast period of 2020 to 2027. 1, 3 butadiene market report analyses the growth, which is currently being growing due to the rising preference of butadiene in production of consumer products.
1, 3 butadiene also known as butadiene is a colorless, synthetic gas or liquid used in the manufacture of synthetic rubber or elastomers. The steam cracking process of ethylene and olefin production leads to creation of the 1, 3 butadiene which is its by-product. It is categorized as a colorless gas which is flammable, highly reactive especially with oxygen and possesses a mild aromatic odor. This product is highly soluble in alcohol, ether, ethanol, acetone and benzene, whereas it displays insolubility with water.
The increase in adoption of 1, 3 butadiene in various end-use industries such as construction, automotive and healthcare is the key factor driving the 1, 3 butadiene market. The high demand of the product in the automotive industrial activities such as production of tires and other parts, increase in disposable income and consumer’s purchasing capabilities, growing population and change in lifestyles accelerate the 1, 3 butadiene market growth. Furthermore, the need to conserve resources and reduce fuel cost increases the demand of 1, 3 butadiene which extends profitable opportunities to the market players.
On the other hand, growing health concerns regarding the 1, 3 butadiene and renewable alternatives for the product are factors projected to obstruct the 1, 3 butadiene market growth. Fluctuation in the cost of raw materials for the production and maturity of 1, 3 butadiene are factors expected to challenge the market in the above mentioned forecast period.
Global 1, 3 Butadiene Market Country Level Analysis
1, 3 butadiene market is analyzed and market size, volume information is provided by country, type, product and end user as referenced above.
The countries covered in the 1, 3 butadiene market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the 1, 3 butadiene market due to developing economies, implementation of favorable investment policies to promote industrial growth by the governments, increase in end-user industries such as automotive, consumer products and construction and increase in population in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
1, 3 Butadiene Market Share Analysis
1, 3 butadiene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to 1, 3 butadiene market.
Major players covered in the 1, 3 butadiene market
The major players covered in the 1, 3 butadiene market report are BASF SE, Exxon Mobil Corporation., LyondellBasell Industries Holdings B.V., China Petrochemical Corporation., PJSC "Nizhnekamskneftekhim," Braskem, Royal Dutch Shell, TPC Group, LANXESS, INEOS, YEOCHUN NCC CO., LTD., JSR Corporation., SABIC, LG Chem., Reliance Industries Limited., Bangkok Synthetics Co., Ltd., China National Petroleum Corporation, FPCC LTD., LOTTE Chemical CORPORATION., Evonik Industries AG, Chevron Phillips Chemical Company, Formosa Plastics Corporation., WANDA Group among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: 1, 3 butadiene mar
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