Stratview Research publishes a new report titled Synthetic & Bio-based Butadiene Market which is segmented by Product Type (Synthetic Butadiene and Bio-based Butadiene), by Application Type (SB Rubber, Butadiene Rubber, SB Latex, ABS, Adiponitrile, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Market Insights
The synthetic & bio-based butadiene market was estimated at USD 16.42 billion in 2021 and is likely to grow at a CAGR of 4.96% during 2022-2028 to reach USD 23.13 billion in 2028.
What is synthetic & bio-based butadiene?
Synthetic & bio-based butadiene is chemically known as 1,3-butadiene, which is a non-corrosive and colorless gas that condenses to a liquid form at -4.5°C and is produced commercially by refinement of crude butylene concentration stream.
Market Dynamics
Rapid growth in the tire and automotive industries globally, leading to increased product demand in automotive-related industries including raw materials for tires, body parts, and other accessories is the key factor expected to fuel the growth of the market during the forecast period.
Why is this report beneficial?
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
It also offers –
- Market Overview
- Key Manufacturers Profiles
- Market Analysis by Region
- Market Segment by Type
- Market Segment by Application
- Raw Material and Supply Chain
- Other Key Research Findings
All the data compiled by the market experts is the outcome of rigorous primary and secondary research conducted on the market players and reliable sources, including company white papers, journals, press releases, and more.
Key players active in the market –
The following are some of the key players in the Synthetic & Bio-based Butadiene Market:
- BASF SE
- Eni S.p.A
- Evonik Industries AG
- Exxon Mobil Corporation
- INEOS Group Ltd.
- LyondellBasell Industries N.V.
- Repsol S.A.
- Royal Dutch Shell Plc
- SABIC
- The Dow Chemical Company.
Customization of the report –
At Stratview Research, the market researchers make a note of opportunities, drawbacks/bottlenecks, estimations, and information related to the market using experienced skills and verified methodologies. Our research reports offer an exceptional experience of innovative solutions and outcomes to the users. If required, user can also opt for customization of the report.
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