Butadiene is one of the primary petrochemicals used as a monomer in the production of various industrial chemicals such as synthetic rubbers, resins, plastics, and other polymers. Butadiene is either employed as a principal monomer or in combination with other monomers such as styrene.
Albany, NY -- (SBWIRE) -- 06/16/2016 -- Butadiene is manufactured by using petrochemical as well as bio-based raw materials. Synthetic butadiene and bio-based butadiene are product segments of the market. Synthetic butadiene is one of the primary petrochemicals that is obtained by steam cracking of hydrocarbons. However, bio-based butadiene is produced by using renewable raw material sources such as non-food biomass. Synthetic & bio-based butadiene is widely used in synthetic rubber processing and industrial polymer industries. The market has been segmented based on application into styrene-butadiene rubber, butadiene rubber, styrene-butadiene latex, acrylonitrile butadiene styrene, adiponitrile, and others such as nitrile rubber. Butadiene rubber was the largest application segment of the synthetic & bio-based butadiene market in 2014; however, adiponitrile is estimated to be the fastest-growing segment of the global synthetic & bio-based butadiene market from 2015 to 2023. End-user industries of butadiene such as paints & coatings and printing inks are likely to drive the market by 2023. However, there is substantial threat of substitutes to raw materials as well as due to emerging process technologies in the market.
This report provides the estimate and forecast for the synthetic & bio-based butadiene market on the global, regional, and country level. The study provides forecast from 2015 to 2023 based on volume (Kilo Tons) and revenue (US$ Mn).
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The study provides a comprehensive view of the synthetic & bio-based butadiene market by bifurcating it into product segments such as synthetic and bio-based. The report also segments the global synthetic & bio-based butadiene market in terms of application such as styrene-butadiene rubber, butadiene rubber, styrene-butadiene latex, acrylonitrile butadiene styrene, adiponitrile, and others. Application segments have been analyzed based on historic, present, and future trends, and the market has been estimated from 2015 to 2023 in terms of volume (Kilo Tons) and revenue (US$ Mn). Regional segmentation includes the current and forecast demand for synthetic & bio-based butadiene in North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA). Additionally, country-level analysis with respect to volume and revenue for both product and application segments have been provided in the report. Key countries such as the U.S., the U.K, France, Russia, Italy, Germany, Finland, China, ASEAN, Brazil, South Africa, and GCC are included in the study. The market segmentation includes demand for individual products and applications in all regions and countries.
The report includes an exhaustive value chain analysis, which provides a comprehensive view of the market. Value chain analysis also provides detailed information about value addition at each stage of the value chain. The report comprises drivers and restraints for the synthetic & bio-based butadiene market along with their impact on demand during the forecast period. Additionally, the report comprises the study of opportunities in the synthetic & bio-based butadiene market on the global level.
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The report includes Porter's Five Forces Model to estimate the degree of competition in the synthetic & bio-based butadiene market. The report constitutes a qualitative write-up on market attractiveness analysis, wherein application has been analyzed based on attractiveness. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive general attractiveness of the market. The report includes price trend analysis for raw material (naphtha and ethylene) and butadiene from 2014 to 2023.
Secondary research sources that were typically referred to include, but were not limited to company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings. Other sources such as internal and external proprietary databases, statistical databases and market reports, news articles, national government documents, and webcasts specific to companies operating in the market have also been referred for the report.
In-depth interviews and discussions with a wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents bulk of the research efforts, supplemented by an extensive secondary research. Key players' product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further developed the analysis team's expertise and market understanding.
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The report covers a detailed competitive outlook that includes market share and profiles of key participants operating in the global market. Key players profiled in the report include BASF SE, Eni S.p.A., Evonik Industries, Exxon Mobil Corporation, INEOS Group AG, LyondellBasell Industries N.V., Petrochemical Corporation of Singapore Pte. Ltd., Repsol Group, Royal Dutch Shell plc, SABIC, The Dow Chemical Company, TPC Group, and Yeochun NCC Co., Ltd. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments and acquisitions, and financial overview.
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