Butadiene, also known as 1, 3-butadiene, is a colorless, non-corrosive gas that condenses to a liquid at minus 4.5 degrees centigrade and has a mild aromatic odor. It readily polymerizes with oxygen. It is soluble in alcohol and ether, however it is insoluble in water. It is an industrial chemical used in the manufacture of synthetic rubber. It is produced as a byproduct in the steam cracking process of ethylene and olefin production and acts as a predecessor to many processing materials and chemicals. Butadiene is used to make plastics including acrylics. Small amounts are found in gasoline.
LPI (LP Information)' newest research report, the “Synthetic Butadiene Industry Forecast” looks at past sales and reviews total world Synthetic Butadiene sales in 2022, providing a comprehensive analysis by region and market sector of projected Synthetic Butadiene sales for 2023 through 2029. With Synthetic Butadiene sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Synthetic Butadiene industry.
This Insight Report provides a comprehensive analysis of the global Synthetic Butadiene lands cape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Synthetic Butadiene portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Synthetic Butadiene market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Synthetic Butadiene and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Electronic Grade Phosphoric Acid.
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The global Synthetic Butadiene market size is projected to grow from US$ 11390 million in 2022 to US$ 9832.5 million in 2029; it is expected to grow at a CAGR of 9832.5 from 2023 to 2029.
Global Synthetic Butadiene key players include Sinopec(CN), CNPC(CN), Texas Petrochemicals(US), BASF(DE), LyondellBasell(US), etc. Global top five manufacturers hold a share over 30%.
Europe is the largest market, with a share over 25%, followed by China, and USA, both have a share about 45 percent.
In terms of product, Extractive Distillation is the largest segment, with a share over 95%. And in terms of application, the largest application is SBR, followed by PBR, SBS, ABS, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Synthetic Butadiene market by product type, application, key manufacturers and key regions and countries.
Top Manufactures in Global Synthetic Butadiene Includes:
Texas Petrochemicals(US)
BASF(DE)
LyondellBasell(US)
Shell Chemical(NL)
Ineos O&P(DE)
FPCC(TW)
ExxonMobil(US)
Sabic(SA)
Zeon(JP)
Dow(US)
LG Chem(KR)
JSR Corp(JP)
Evonik(DE)
Reliance Industries(IN)
Nizhnekamskneftekhim(RU)
Sinopec(CN)
CNPC(CN)
CNOOC(CN)
FREP(CN)
North Huajin(CN)
Market Segment by Type, covers:
Oxidative Dehydrogenation
Extractive Distillation
Market Segment by Applications, can be divided into:
SBR
PBR
SBS
ABS
Others
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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