About Synthetic Butadiene
Synthetic Butadiene is an organic compound or polymer. Which has wide scale applications in the industry, because of which it comes in wide array of physical and chemical properties. Butadiene a main component is p+roduced by the cracking of petroleum distillates. Synthetic Butadiene is widely preferred in tire manufacturing because of its high thermal stability and resistance to oil, as well as resistance to cracking like properties. Cheaper or less expensiveness of Synthetic Butadiene is another factor for driving its high demand. Geographically, Asia Pacific led with highest demand fuelled by rapid urbanization and growing per capita incomes of individuals. Although recent pandemic set the Asia Pacific markets in a down turn because of heavy production cuts and shutting up of many end user industries.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF(DE), Lyondell Basell (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) and North Huajin (CN) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Synthetic Butadiene market by Type (Styrene-Butadiene Rubber (SBR), Styrene-Butadiene Latex, Polybutadiene Rubber (PBR), Styrene-Butadiene-Styrene (SBS), Acrylonitrile Butadiene Styrene (ABS) and Others), Application (Tires, Footwear, Wire, Cable Insulation, Conveyer Belt and Others) and Region.
On the basis of geography, the market of Synthetic Butadiene has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Synthetic Butadiene market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2021, Lotte Chemical, an industry leader polymers, monomers, basic and petrochemical products based in South Korea has shown interests to acquire JSR’s elastomers business. The recent JV between Lotte Chemical and Versalis has been making losses due to difficulty in making quality standards. Thus the acquisition will help the JV, to meet the required product quality standards as set by Global Tire manufacturers.
In 2019, Trinseo, manufacturer of plastics, latex binders and synthetic rubber has announced the acquisition of The Dow Chemical Company’s latex production facilities and related infrastructure based in Rheinmunster, Germany. The acquisition will help Trinseo expand its latex binders business as well as in applications serving adhesives and construction industry.
Market Drivers
- Rapid Growth of Industrialisation and Automated Factories is Increasing Demand for Conveyer Belts
- Increase in Sales of Automobiles
- Rise in Population and Urbanisation is also leading to Increase in Demand for End User Applications
Opportunities
- Asia Pacific Specifically Markets of China and India Open a Wide Scope of Opportunities for Synesthetic Butadiene Manufacturers
Restraints
- Long Term Exposure to the Synthetic Butadiene is linked with Cardiovascular Diseases
Challenges
- Making the Manufacturing Process More Sustainable and Less Harmful to Environment
Key Target Audience
Synthetic Butadiene Manufactures, Producers and Suppliers, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.