The Rising Demand Of The Polymer Industry To Boost The Butadiene Market Growth

Butadiene Market
Butadiene Market 

The Butadiene Market is segmented by Application (Polybutadiene (PBR), Chloroprene, Styrene-butadiene (SBR), Nitrile Rubber (Acrylonitrile Butadiene NBR), Acrylonitrile Butadiene Styrene (ABS), Adiponitrile, Sulfolane, Ethylidene Norbornene, Styrene Butadiene Latex, and Other Applications), End-user Industry (Plastic and Polymer, Tire and Rubber, Chemical, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa) )- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

The global Butadiene Market is estimated to be valued at US$ XX million in XXX and is expected to exhibit a CAGR of XX% over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Butadiene is extracted by the processing of petroleum and is mostly utilized in the manufacturing of synthetic rubber, however is also observed in smaller quantities in plastics and gasoline. Butadiene has a benefit compared to other rubbers as it can be employed at high heat. This enables it to be utilized as an insulator in cable. Butadiene is utilized to produce biofuels. These fuels consist high energy content.

Competitive Landscape:

Major key players involved in the global Butadiene Market are LOTTE CHEMICAL TITAN HOLDING BERHAD, BASF SE, Braskem, China Petroleum & Chemical Corporation, Dow, Evonik Industries AG, LG Chem, Royal Dutch Shell Plc, Formosa Plastics Corporation, TPC Group, INEOS, Exxon Mobil Corporation, LyondellBasell Industries Holdings BV, Reliance Industries Limited., JSR, Corporation, Repsol, SABIC, and China National Petroleum Corporation.

Market Key Drivers:

The rising demand of the polymer industry is expected to augment the growth of global butadiene for market. For instance, as per IBEF, totally, the whole plastics exports amidst April-September 2022 reached US$ 6.38 billion in India.

The rising demand of tires is projected to propel the growth of global butadiene for market. For instance, as per USTMA, the total tire shipment in U.S reached 342.1 million units in 2022.

The Ethylene Carbonate Market is anticipated to expand significantly over the next few years as a result of its rising demand.

Covid-19 Impact Analysis:

The Covid-19 outbreak has adversely affected the growth of global Butadiene Market due to the imposition of strict lockdown. The closure of manufacturing units and the disruption in supply chain had led to the decline in demand of automobiles. This is expected to impede the market growth.

Key Takeaways:

The global butadiene for market is expected to exhibit a CAGR of XX % during the forecast period due rising demand of rubber. For instance, as per European Tyre and Rubber Manufacturers' Association (ETRMA), there are above 6000 organizations manufacturing rubber goods in Europe.

Among region North America, Asia Pacific and Europe are anticipated to witness robust growth in the global Butadiene Market due to rising demand of vehicles, rising use of rubber and tires and rising industrial growth. For instance, as per OICA, in 2021, total number of vehicles produced in India was around 4,399,112.

Comments

Post a Comment

Popular posts from this blog

Vehicle-To-Vehicle (V2V) Communication; Used To Wirelessly Interchange Data Regarding Their Speed, Place, And Heading

Image
Vehicle-To-Vehicle (V2V) Communication Vehicle-To-Vehicle (V2V) Communication allows vehicles to wirelessly interchange data regarding their speed, place, and heading. The mechanism behind Vehicle to Vehicle communication permits vehicles to transmit and receive multi-directional notifications, making a complete awareness of other automotive in proximity. Vehicles mechanized with correct software or security applications can utilize the texts from vehicles around to identify robust crash risks as they develop. The machinery can then use visual, tactile, and audible notifications or, a mix of these notifications to alert drivers. These notifications enable drivers the capability to take action to ignore or inhibit crashes. These Vehicle to Vehicle communication notifications have a range of above 300 meters and can identify threats obscured by terrain, traffic, or weather. Vehicle-To-Vehicle (V2V) Communication expands and improves presently accessible crash ignorance method that util
Read more

Global Polyphenol Market Is Expanding Owing To Growing Development Of Polyphenol-Rich Products For Health Improvement

Image
Polyphenol Market Overview: Polyphenols are a group of antioxidant plant compounds that have been shown to lower the risk of heart disease, improve blood sugar control, reduce inflammation and reduce the risk of cancer. Many foods are naturally rich in polyphenols. The most abundant phenolic compounds in plants are flavonoids, which include resveratrol, ellagic acid and luteolin. They are chemically characterized by multiple phenol rings linked to aromatic hydroxyl groups or phenyl groups. They may also contain carboxylic acid, amines, or lipids. They can be arranged in different ways and are classified on the basis of their structural elements that bind the phenol rings together. A polyphenol-rich diet has been linked to a reduced risk of diabetes, which can be due to preventing the breakdown of starch into simple sugars. They can also stimulate insulin secretion to keep blood sugar levels stable. Consuming a diet with lots of fruits and vegetables is an excellent way to get a variety
Read more

Global Ferrous Sulfate Market Is Anticipated To Witness High Growth Due To Growing Demand In The Water Treatment Segment And Increasing Applications In Cement And Agriculture

Image
Ferrous Sulfate Market Overview: Ferrous sulfate is an iron salt, it comes in a variety of forms. It is a solid crystalline form of iron with mild reducing power and is used as the iron catalyst component in Fenton's reagent. Iron is a mineral that the body needs to produce red blood cells. It also helps the body transport oxygen from the lungs to tissues and organs throughout the body. These supplements may help treat or prevent low blood levels of iron in people who are anemic or who are pregnant or have chronic diseases that require iron supplementation. This mineral is important for making hemoglobin, a protein that carries oxygen from the lungs to the rest of the body's cells and myoglobin, a protein that helps supply oxygen to the cells in the muscles. An essential component of beach sand deposits is the mineral ilmenite, which is an oxide of titanium and iron. Ilmenite is transformed into titanium dioxide pigment grade using either the sulphate method or the chloride pro
Read more