Global Butadiene Derivatives Market was valued US$ XX Mn in 2019 and is expected to grow around US$ XX Mn by 2027, at a CAGR of XX% during the forecast period.
Global Butadiene Derivatives Market
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Definition:
Butadiene is produced as a by-product 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. It can be liquefied below -4.0°C and can be easily polymerized in the presence of oxygen. Butadiene derivatives are copolymers produced from reacting butadiene and styrene and/or acrylonitrile, which include Styrene-Butadiene Rubber (SBR), Polybutadiene Rubber (PBR), Acrylonitrile Butadiene Styrene (ABS), and others.
Market Drivers:
The demand for tires and other rubber products is the key driver for the butadiene derivatives market growth. Synthetic rubber is the main application of butadiene and its derivatives used in various end-use, such as tires, footwear, gloves, wetsuits, soles, gaskets, chewing gum, conveyor belts, industrial hoses, and several molded & extruded rubber goods. Factors such as the fluctuating cost of natural rubber, improved properties of synthetic rubber, and geographic restraints of rubber plantation have forced the consumers to shift from natural rubber to synthetic rubber. Also, the cost-benefits and high-profit margins for the tire and rubber products will force the growth of the butadiene derivatives market.
An increase in the use of synthetic rubbers and polymers in many end-use industries drive the demand for butadiene. According to the China Association of Automobile Manufacturers (CAAM), as of April 2019, the sales and production of commercial vehicles reached 5,01,000 and 4,68,000 units, individually, and registered a significant growth of 91% and 73.8% than in March. This creates beneficial opportunities for the players operating in the butadiene derivatives market.
On the other hand, factors such as the carcinogenic nature of butadiene and different acute & chronic harms caused by its fumes may restrain the market. Strict regulations imposed by the government also restricts growth.
Market Segmentation:
By application, the SBR segment is expected to hold the largest market share of the global market by 2027, thanks to its rising applications in tires and rubber products. Because of its exceptional properties, like better processability, and heat & abrasion resistance, it finds applications in gaskets & 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.
Global Butadiene Derivatives Market1
Region-wise, the Asia-Pacific market is expected to be the fastest-growing and is expected to account for the largest market share by 2027. China is the largest and fastest-growing market in the APAC region, on account of the easy availability of raw material and increasing consumer demand. Increasing purchasing power, rapid industrialization, and high demand from end-use industries are the key factors positively influencing the regional market growth. Japan, India, and South Korea are other prominent countries, because of the regional market growth. The North American market is expected to account for a significant market share of the global market, thanks to the rising applications of butadiene derivatives mostly in tires, rubber, and injection-molded product segments.
The objective of the report is to present a comprehensive analysis of the Global Butadiene Derivatives Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Butadiene Derivatives Market dynamics, structure by analyzing the market segments and project the Global Butadiene Derivatives Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Butadiene Derivatives Market make the report investor’s guide.
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Scope of the Global Butadiene Derivatives Market
Global Butadiene Derivatives Market, By Application
• Styrene-butadiene rubber (SBR)
• Polybutadiene rubber (PBR)
• Acrylonitrile butadiene styrene (ABS)
• Styrene-butadiene latex
• Adiponitrile
• Nitrile rubber (NR)
• Others
Global Butadiene Derivatives Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Butadiene Derivatives Market
• Royal Dutch Shell Plc
• LyondellBasell Industries Holdings B.V.
• TPC Group
• China Petrochemical Corporation
• Exxon Mobil Corporation
• BASF SE
• Dow
• Braskem
• China National Petroleum Corporation
• Eni S.p.A
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