Global 1,3 Butadiene (BD) Market is expected
to reach USD 33.01 billion by 2020,
according to a new study by Grand View Research, Inc. Growing demand for tires
(both OEM and replacement) on account of an upturn in the automotive industry,
particularly in China, India and Brazil, is expected to remain a key driving
factor for the global market. In addition, growing demand for ABS on account of
increasing demand for high performance plastics from automotive industry is
also expected to have a positive influence on the global market. Volatile raw
material prices coupled with stringent regulatory scenario is expected to
remain key challenges for market participants. In order to overcome such challenges,
industry has shifted its focus towards developing bio-based routes to
manufacture 1,3 butadiene.
Butadiene rubber
emerged as the leading application segment for BD and accounted for 30.8% of
total market volume in 2013. More than two third of butadiene rubber goes for
manufacturing tires, thus global tire industry dynamics are a key factor for
the growth of this market. HMDA (hexamethylenediamine) is expected to be the
fastest growing application market for BD, at an estimated CAGR of 6.8% from 2014
to 2020. Growing demand for nylon 66 resin in major end-use industries such as
automotive and electronics is expected to fuel the demand for BD in HMDA.
Full Research Report on Global 1,3 Butadiene (BD) Market
Analysis:
Further key findings from the study suggest:
- Global BD market volume was 10,500 kilo
tons in 2013 and is expected to reach 14,179.9 kilo tons by 2020, growing
at a CAGR of 4.4% from 2014 to 2020.
- Asia Pacific emerged as the largest
regional market for BD and accounted for 53.6% of total market volume in
2013. Growth of automotive industry particularly in emerging markets of China
and India is expected to remain a key driving factor for the regional
market. Asia Pacific is expected to grow at a CAGR of 5.5% from 2014 to
2020.
- Growth of major end-use industries such
as automotive and construction in Latin America and Middle East is
expected to push BD demand for these regions to grow at an estimated CAGR
of 8% from 2014 to 2020.
- Naphtha remained the primary
petrochemical feedstock for the production of BD. However, emergence of
coal based ammonia and methanol facilities in Asia is expected to provide
alternative sources for the production of 1,3 butadiene..
- The global market is moderately
concentrated with the top four companies including Dow Chemical Company,
Shell, Lyondell Basell and Shanxi Sanwei accounting for over 55% of the global
market in 2013. Other companies in the market include XioJiang Markor,
Sinopec and TPC Group, Inc.
View more reports of this category by Grand View Research
at: http://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives
For the purpose of this study, Grand View Research has
segmented the Global 1,3 Butadiene Market on the basis of application and
region:
• Global 1,3 Butadiene
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Butadiene
Rubber
• Acrylonitrile
Butadiene Styrene Resins (ABS)
• Styrene
Butadiene Rubber (SBR)
• SB Latex
• Nitrile
Butadiene Rubber (NBR)
•
Hexamethylenediamine (HMDA)
• Others
• Global 1,3 Butadiene Regional Outlook (Volume, Kilo
Tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
View Press Release Of This Report by Grand View Research:
http://www.grandviewresearch.com/press-release/global-butadiene-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more Information visit: www.grandviewresearch.com
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