Synthetic and Bio-based Butadiene Market

Synthetic and Bio-based Butadiene Market is prophesied to rise strongly from the common usage of butadiene as a monomer in the manufacture of several chemicals.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

In multiple industrial applications, a vital butadiene isomer, 1, 3-butadiene could showcase an excessive scope. Synthetic and Bio-based Butadiene Market is expected to gain a significant revenue from the automotive sector subject to the increased production and sales of automobiles by the day.

The rise in the automotive sector is expected to drive product demand in automotive industries including raw material for body parts, tires and other accessories which will subsequently boost Synthetic and Bio-based Butadiene Market size by 2026. The product is mainly used to manufacture tires, as butadiene based tires offer notable benefits such as low rolling resistance and excellent grip, which will stimulate the Synthetic and Bio-based Butadiene Market.

Synthetic butadiene is highly volatile and exhibit lower water solubility and therefore has the tendency to disappear easily, which is likely to suggest a serious threat to environment and human. Butadiene is one of the major petrochemicals and holds significant importance in end-user industries such as automotive and tire.

Butadiene rubber is primarily used in tire production; however, it is also used as an additive in plastics such as polystyrene and ABS. Butadiene derivatives such as SB rubber, ABS, and butadiene rubber are used in the processing of tires and automotive parts. SB rubber products such as S-SBR and E-SBR are primarily consumed raw materials in the production of tires.

The global synthetic and bio-based butadiene market can be segmented into an application, product, end users, and region. In terms of application synthetic and bio-based butadiene market can be classified into SB rubber and four more segments. The SB rubber segment anticipates to propel the demand in forecasting year due to its versatile properties. Base on product synthetic product expected in the near future due to rise in the automotive component industry. In terms of end, user automotive industry boosts the synthetic and bio-based butadiene market with high CAGR.

As per the maximize market research, Asia Pacific Synthetic and Bio-based Butadiene Market share accounted more than half of the industry share. Europe and North America are likely to exhibit a decline in the market growth due to lower demand and stringent regulations related to butadiene.

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Some major players in the market are BASF SE, Eni S.p.A, PCS, Royal Dutch Shell, TPC Group.
The Scope of the Synthetic and Bio-based Butadiene Market :

Synthetic and Bio-based Butadiene Market By Product

• Synthetic
• Bio-based
Synthetic and Bio-based Butadiene Market By Application

• SB Rubber
• Butadiene Rubber
• SB Latex
• Adiponitrile
Synthetic and Bio-based Butadiene Market By Geography

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Synthetic and Bio-based Butadiene Market Key Players operating in the market:

• Eni S.p.A
• Royal Dutch Shell
• TPC Group
• Evonik Industries AG
• INEOS Group
• Exxon Mobil
• LyondellBasell Industries
• Repsol
• The Dow Chemical Company
• Yeochun NCC
• Yeochun NCC
• Shell
• Dow
• TPC Group

This Report Is Submitted By : Maximize Market Research Company

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