ALL >> Business >> View Article
Butadiene Derivatives Industry - Size, Growth, Trends, By 2023
Market Research Future has published a half-cooked research report on the Global Butadiene Derivatives Market.
Market Definition:
Butadiene is produced as a byproduct during the steam cracking process of ethylene and propylene. It is a highly reactive colorless gas, considered as a vital feedstock for manufacturing various chemicals and materials in automotive, paints, and textile end-use industries.
Butadiene Derivatives Industry has been divided into styrene butadiene rubber (SBR), polybutadiene rubber (PBR), acrylonitrile butadiene styrene (ABS), styrene butadiene latex, adiponitrile, nitrile rubber (NR), and others. Among these, SBR is the leading segment during the forecast period owing to its rising applications in tires and rubber products. Due to its exceptional properties such as better processability and heat and abrasion resistance, it finds applications in gaskets and seals, footwear, and adhesives. These materials offer better grip and low rolling resistance, thus, resulting in reduced CO2 emissions and improved fuel economy. PBR is also expected to account for a significant market share as ...
... it offers superior wear resistance and low-temperature properties and finds application as an impact modifier for ABS resin and polystyrene.
On the basis of application, the global butadiene derivatives market has been segmented into tires and rubber products, injection-molded products, adhesives, paints and coatings, footwear, and others. The tires and rubber is projected to account for the largest market share during the assessment period owing to the surging demand for SBR and ABS in the automotive industry. Rapid industrialization and increasing number of automobiles propel the global market growth. Rubber products such as hoses, gaskets, and seals, shoe heels, and soles drive the growth of the global butadiene derivatives market. Adhesives and paints and coatings segments hold a moderate market share.
Competitive Analysis
LyondellBasell Industries Holdings B.V. (The Netherlands), BASF SE (Germany), Royal Dutch Shell Plc (The Netherlands), PJSC "Nizhnekamskneftekhim" (Russia), TPC Group (US), Exxon Mobil Corporation (US), DowDuPont (US), Braskem (Brazil), Eni S.p.A (Italy), China National Petroleum Corporation (China), China Petrochemical Corporation (China), and CNOOC Limited (China) are some of the key players in the global butadiene derivatives market.
Market Segmentation
The global butadiene derivatives market has been classified into product derivatives, application, and region.
Based on product derivatives, the global butadiene derivatives market has been segmented based on styrene butadiene rubber (SBR), polybutadiene rubber (PBR), acrylonitrile butadiene styrene (ABS), styrene butadiene latex, adiponitrile, nitrile rubber (NR), and others.
By application, the global butadiene derivatives market has been categorized into tires and rubber, injection-molded products, adhesives, paints and coatings, footwear, and others.
The global butadiene derivatives market has been analyzed for five prominent regions —Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
Regional Analysis
Geographically, the global butadiene derivatives market has been analyzed for five regions —Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.
The Asia-Pacific market is expected to be the fastest-growing and is projected to account for the largest share during the assessment period. China is the largest and fastest-growing market in this region owing to the easy availability of raw material and increasing consumer demand. Increasing purchasing power, rapid industrialization, and high-demand from end-use industries are the major factors positively influencing the regional market growth. Japan, India, and South Korea are other prominent countries attributing to the regional market growth. The North American market is projected to account for a significant market share in the coming years owing to the rising applications of butadiene derivatives mainly in tires, rubber, and injection-molded product segments. The US accounts for the largest market share in the region due to the increasing demand for consumer goods such as wetsuits, gloves, hoses, and gaskets and seals.
Add Comment
Business Articles
1. Lucintel Forecasts The Global Crude Heater Market Is Expected To Grow With A Cagr Of 4.5% From 2024 To 2030Author: Lucintel LLC
2. How To Measure The Success Of Your Rpo Partnership
Author: VanatorRPO
3. Lucintel Forecasts The Global Cough Remedy Market To Reach $1 Billion By 2030
Author: Lucintel LLC
4. Are There Different Types Of Esd Tables Available?
Author: Jagadeesan
5. How To Extend The Lifespan Of Your Hydraulic Industrial Lift
Author: Jagadeesan
6. How Best Quality Skin Hydration Mask Work For Your Skin?
Author: Xtaz Mask
7. Mayank Domestic And International Movers | Call: @8792441400
Author: mayanksharma
8. Channel Partner Intelligence: The Power Of Collaborations To Unleash Growth
Author: Netscribes
9. How Customer Intelligence Helps Design Intelligent Business Practices
Author: Netscribes
10. The Importance And Evolution Of School Uniforms: A Comprehensive Guide
Author: abushaikh7261
11. Iso 17020 Certification Conformity Assessment - Comparison Of Iso 17020 And Iso 17025 Standards
Author: Sahin Alam
12. Dialyzer Market Size, Trends, Analysis, Demand, Outlook And Forecast By 2030
Author: pranju
13. How Can Ansoff Matrix Be Used For Developing Successful Business Strategies?
Author: Expandus Business Coaching
14. Deep Cleaning Service In Gurgaon
Author: Balaji Cleaning Agency
15. Lucintel Forecasts The Global Catheter Market To Reach $42 Billion By 2030
Author: Lucintel LLC