How has Covid-19 Impacted the future of 1, 3 Butadiene Market?
1, 3 butadiene market
will reach an estimated valuation of 19.6 Million Tons by 2027, while
registering this growth at a rate of 4.50% for the forecast period of 2020 to
2027. 1, 3 butadiene market report analyses the growth, which is currently
being growing due to the rising preference of butadiene in production of
consumer products.
1, 3 Butadiene Market Scope and
Market Size
1, 3
butadiene market is segmented on the basis of type, product and end user. The
growth amongst the different segments helps you in attaining the knowledge
related to the different growth factors expected to be prevalent throughout the
market and formulate different strategies to help identify core application
areas and the difference in your target markets.
·
On the basis of type, the 1, 3 butadiene market is segmented into
extractive distillation and oxidative dehydrogenation.
·
On the basis of product, the 1, 3 butadiene market is segmented
into butadiene rubber, styrene butadiene rubber, acrylonitrile butadiene
rubber, nitrile butadiene rubber, sb latex, hexamethylenediamine and others.
·
On the basis of end user, the 1, 3 butadiene market is segmented into
automobile industries, building and construction, consumer products industries,
healthcare and other.
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Market Analysis and Insights:
Global 1, 3 Butadiene Market
1, 3
butadiene market will reach an estimated valuation of 19.6 Million Tons by
2027, while registering this growth at a rate of 4.50% for the forecast period
of 2020 to 2027. 1, 3 butadiene market report analyses the growth, which is
currently being growing due to the rising preference of butadiene in production
of consumer products.
1, 3
butadiene also known as butadiene is a colorless, synthetic gas or liquid used
in the manufacture of synthetic rubber or elastomers. The steam cracking
process of ethylene and olefin production leads to creation of the 1, 3
butadiene which is its by-product. It is categorized as a colorless gas which
is flammable, highly reactive especially with oxygen and possesses a mild
aromatic odor. This product is highly soluble in alcohol,
ether, ethanol, acetone and benzene, whereas it displays insolubility with
water.
The
increase in adoption of 1, 3 butadiene in various end-use industries such as
construction, automotive and healthcare is the key factor driving the
1, 3 butadiene market. The high demand of the product in the automotive
industrial activities such as production of tires and other parts, increase in
disposable income and consumer’s purchasing capabilities, growing population
and change in lifestyles accelerate the 1, 3 butadiene market growth.
Furthermore, the need to conserve resources and reduce fuel cost increases the
demand of 1, 3 butadiene which extends profitable opportunities to the market
players.
On the
other hand, growing health concerns regarding the 1, 3 butadiene and renewable
alternatives for the product are factors projected to obstruct the 1, 3
butadiene market growth. Fluctuation in the cost of raw materials for the
production and maturity of 1, 3 butadiene are factors expected to challenge the
market in the above mentioned forecast period.
Global 1, 3 Butadiene Market
Country Level Analysis
1, 3
butadiene market is analyzed and market size, volume information is provided by
country, type, product and end user as referenced
above.
The
countries covered in the 1, 3 butadiene market report are the U.S., Canada and
Mexico in North America, Germany, France, U.K., Netherlands, Switzerland,
Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan,
India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia,
Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi
Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa
(MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of
South America as part of South America.
Asia-Pacific
dominates the 1, 3 butadiene market due to developing economies, implementation
of favorable investment policies to promote industrial growth by the
governments, increase in end-user industries such as automotive, consumer
products and construction and increase in population in this region.
The
country section of the report also provides individual market impacting factors
and changes in regulation in the market domestically that impacts the current
and future trends of the market. Data points such as consumption volumes,
production sites and volumes, import export analysis, price trend analysis,
cost of raw materials, down-stream and upstream value chain analysis are some
of the major pointers used to forecast the market scenario for individual
countries. Also, presence and availability of global brands and their
challenges faced due to large or scarce competition from local and domestic
brands, impact of domestic tariffs and trade routes are considered while
providing forecast analysis of the country data.
1, 3 Butadiene Market Share
Analysis
1, 3
butadiene market competitive landscape provides details by competitor. Details
included are company overview, company financials, revenue generated, market
potential, investment in research and development, new market initiatives,
global presence, production sites and facilities, production capacities,
company strengths and weaknesses, product launch, product width and breadth,
application dominance. The above data points provided are only related to the
companies’ focus related to 1, 3 butadiene market.
Major players covered in the 1, 3
butadiene market
The
major players covered in the 1, 3 butadiene market report are BASF SE, Exxon
Mobil Corporation., LyondellBasell Industries Holdings B.V., China
Petrochemical Corporation., PJSC "Nizhnekamskneftekhim," Braskem,
Royal Dutch Shell, TPC Group, LANXESS, INEOS, YEOCHUN NCC CO.,
LTD., JSR Corporation., SABIC, LG Chem., Reliance Industries Limited.,
Bangkok Synthetics Co., Ltd., China National Petroleum Corporation, FPCC LTD.,
LOTTE Chemical CORPORATION., Evonik Industries AG, Chevron Phillips Chemical
Company, Formosa Plastics Corporation., WANDA Group among other domestic and
global players. Market share data is available for global, North America,
Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America
separately. DBMR analysts understand competitive strengths and provide
competitive analysis for each competitor separately.
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MAJOR TOC OF THE REPORT
·
Chapter One: Introduction
·
Chapter Two: Market Segmentation
·
Chapter Three: Market Overview
·
Chapter Four: Executive Summary
·
Chapter Five: Premium Insights
·
Chapter Six: 1, 3 butadiene mar
Get TOC Details
https://www.databridgemarketresearch.com/toc/?dbmr=global-1-3-butadiene-market
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