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1, 3 Butadiene Market & Downstream Applications Market Size, Share - Industry Trend and Forecast 2012 - 2018

Press Release   •   Nov 15, 2017 04:25 EST

Latest industry research report on: Global 1, 3 Butadiene Market & Downstream Applications Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts

The objective of this report is to define, describe, and forecast the market on the basis of type, application, medical condition, and region. It provides detailed information regarding the major factors influencing the growth of the market. This report also tracks and analyzes competitive developments of the key players in terms of market developments, product portfolios, and financials.

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The world market for 1,3 butadiene is largely driven by demand for elastomers due to their extensive use in manufacture of tires. The global market for 1,3 butadiene was estimated at USD 22 billion for the year 2011, and is estimated to rise by 45.6% in the next 5 years and reach a market size of approximately 32 billion by year 2018.

The demand for elastomers is expected to rise at a CAGR of 5.8% during 2012 – 2018, which in turn will drive the 1.3 butadiene market growth, growing at 6.5% during the same period. The market for butadiene, segmented on the basis of applications includes sub segments such as – synthetic elastomers, polymers and resins, and other chemicals and uses. Butadiene consumption is dominated by its use in production of SBR (styrene butadiene rubber), which alone accounts for approximately 50% of the global market share. Asia Pacific holds the largest market share in terms of 1,3 butadiene production capacity and is expected to retain its leading position in the coming years too.

The major consumers of butadiene are regions such as China, Europe and U.S. These regions have the highest demand for elastomers, which account for 68% of the global butadiene market demand. Apart from demand from elastomers in the tire industry, the other downstream applications of butadiene include elastomers demand from industries such as carpet backing, footwear, mechanical belts, nitrile rubber hoses, and so on.

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Use of butadiene in manufacture of plastics as a copolymer is another significant sector, driving the global market demand. ABS (Acrylonitrile Butadiene Styrene) resins are the highest share holder under the plastics category. ABS accounts for 12% of the total market demand and are expected to grow at 5.4% CAGR from 2012 – 2017.

However, with development of alternate renewable materials, which is now used in tire manufacture, the demand for butadiene in the tire industry is expected to see a fall. The stringent environment regulations in Europe are further expected to dent the market growth in the developed regions. However, the rising demand due to growth of end downstream applications is set to drive and retain the market growth potential in the coming years. These emerging markets include Middle East and Asia Pacific regions such as China and India. Amidst robust economical growth, China is forecasted to become the largest producer and consumer of butadiene in the coming years. Asia Pacific accounts for the largest share of 45%, whereas North America accounts for 23% only.

The global butadiene market is dominated by key players such as Shell Chemicals, Dow Chemicals, Evonik Industries AG, BASF, and many more who are looking for opportunities in emerging markets.

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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

North America

Asia Pacific

Europe

Rest of the World

This report provides comprehensive analysis of

Market growth drivers

Factors limiting market growth

Current market trends

Market structure

Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report

This report provides pin-point analysis for changing competitive dynamics

It provides a forward looking perspective on different factors driving or restraining market growth

It provides a technological growth map over time to understand the industry growth rate

It provides a seven-year forecast assessed on the basis of how the market is predicted to grow

It helps in understanding the key product segments and their future

It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors

It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

It provides distinctive graphics and exemplified SWOT analysis of major market segments

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