Albany, NY -- (SBWire) -- 02/16/2019 --Synthetic and Biobased Butadiene Market - Overview
Butadiene, also known as 1, 3-butadiene, is a non-corrosive, colorless, and aromatic gas that can be condensed to a liquid form at a certain temperature. Synthetic butadiene is produced by petroleum refining of crude oil. Steam cracking of hydrocarbons, dehydrogenation of butane, and dehydration of ethanol are the conventional methods of butadiene production. Butadiene can also be prepared from renewable biomass feedstock.
Butadiene is largely employed in rubber applications. It is primarily used as chemical intermediate and monomer to produce polymers such as elastomers including SBR, PBR, and NBR. Various types of rubber manufactured by incorporating butadiene as a key intermediate include styrene-butadiene latex, acrylonitrile-butadiene-styrene (ABS), polybutadiene, and adiponitrile.
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Based on end-use, the PBR segment held major share of the global synthetic and biobased butadiene market in 2017. This trend is likely to continue throughout the forecast period. SBR is a significant end-use segment of the global synthetic and biobased butadiene market. Synthetic and biobased butadiene are used as raw materials in the manufacture of SBR, synthetic butadiene latex, adiponitrile, and ABS. In terms of consumption, the automotive industry accounts for key share of the synthetic and biobased butadiene market. SBR, PBR, and ABS are used in the automotive industry for the production of tires and lightweight vehicles. In terms of volume, the PBR segment stood at 3,782.7 kilo tons in 2017. In terms of consumption, the biobased product type segment was highly attractive in 2017, due to the extensive demand to manufacture green tires.
In terms of volume and value, Asia Pacific constituted prominent share of the global synthetic and biobased butadiene market in 2017. The region is expected to continue its dominance throughout the forecast period. China and India are highly lucrative countries of the synthetic and biobased butadiene market in Asia Pacific. Stringent regulations imposed by the U.S. EPA (Environmental Protection Agency) on hazardous chemicals released from synthetic and biobased butadiene manufacturing facilities in the country are likely to hamper the synthetic and biobased butadiene market in North America during the forecast period.
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Market share of Europe is projected to decrease by the end of the forecast period, owing to the implementation of regulations about the environment, energy efficiency, and safe manufacture of tires in the region. The synthetic and biobased butadiene market in Latin America and Middle East & Africa is likely to expand at a sluggish pace during the forecast period. Volatility in prices of synthetic and biobased butadiene is adversely affecting the market in these regions, as several players are increasing the price of synthetic and biobased butadiene products.
This report analyzes and forecasts the market for synthetic and biobased butadiene at the global and regional levels. The market has been forecast in terms of revenue (US$ Mn) and volume (kilo tons) from 2018 to 2026, considering 2017 as the base year. The study includes market indicators, drivers, and restraints of the global synthetic and biobased butadiene market. It also covers the anticipated impact of these drivers and restraints on the demand for synthetic and biobased butadiene during the forecast period. The report also highlights opportunities in the synthetic and biobased butadiene market at the global and regional levels.
Synthetic and Biobased Butadiene Market Growth in Application of Synthetic and Biobased Butadiene in 2026