|Highlights of the Report:
Synthetic & Bio-based Butadiene Market is likely to witness an impressive CAGR of 5.0% during the forecast period. Rapid growth in the tire and automotive industries globally, leading to an 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.
Some of the key players in the synthetic & bio-based butadiene market are-
• 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
• The Dow Chemical Company.
Market Segment Analysis
Product Type Segment
Synthetic butadiene held the largest share of the market in the past few years but due to increasing stringent rules and regulations imposed by the government to use bio-based products in the current scenario, bio-based butadiene is expected to witness significant growth in the market during the forecast period.
Application Type Segment
Butadiene rubber is estimated to account for the major share of the market during the forecast period on account of its capability of offering various added benefits such as better grip and low rolling resistance making it more preferable in the automotive industry. On the other hand, SB latex is estimated to witness significant growth in the market owing to its wide utilization in building and construction activities.
Asia-Pacific is estimated to be the leading region of the market during the forecast period on account of increasing disposable income of consumer with the growing population and China being the growth engine of the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
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The report on Synthetic & Bio-based Butadiene to be published by Stratview Research focusses on current trend insights and also predicts about the market condition and its future in the forecast period of 2021 – 2026
This report, from Stratview Research, studies the global synthetic & bio-based butadiene market over the trend period from 2015 to 2020 and the forecast period from 2021 to 2026. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.