The world market for 1,3 butadiene is
largely driven by demand for elastomers due to their extensive use in
manufacture of tires. The global market for 1,3 butadiene was estimated
at USD 22 billion for the year 2011, and is estimated to rise by 45.6%
in the next 5 years and reach a market size of approximately 32 billion
by year 2018.
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The demand for elastomers is expected
to rise at a CAGR of 5.8% during 2012 – 2018, which in turn will drive
the 1.3 butadiene market growth, growing at 6.5% during the same
period. The market for butadiene, segmented on the basis of
applications includes sub segments such as – synthetic elastomers,
polymers and resins, and other chemicals and uses. Butadiene
consumption is dominated by its use in production of SBR (styrene
butadiene rubber), which alone accounts for approximately 50% of the
global market share. Asia Pacific holds the largest market share in
terms of 1,3 butadiene production capacity and is expected to retain
its leading position in the coming years too.
The major consumers of butadiene are
regions such as China, Europe and U.S. These regions have the highest
demand for elastomers, which account for 68% of the global butadiene
market demand. Apart from demand from elastomers in the tire industry,
the other downstream applications of butadiene include elastomers demand
from industries such as carpet backing, footwear, mechanical belts,
nitrile rubber hoses, and so on.
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Use of butadiene in manufacture of
plastics as a copolymer is another significant sector, driving the
global market demand. ABS (Acrylonitrile Butadiene Styrene) resins are
the highest share holder under the plastics category. ABS accounts for
12% of the total market demand and are expected to grow at 5.4% CAGR
from 2012 – 2017.
However, with development of alternate
renewable materials, which is now used in tire manufacture, the demand
for butadiene in the tire industry is expected to see a fall. The
stringent environment regulations in Europe are further expected to dent
the market growth in the developed regions. However, the rising demand
due to growth of end downstream applications is set to drive and
retain the market growth potential in the coming years. These emerging
markets include Middle East and Asia Pacific regions such as China and
India. Amidst robust economical growth, China is forecasted to become
the largest producer and consumer of butadiene in the coming years.
Asia Pacific accounts for the largest share of 45%, whereas North
America accounts for 23% only.
The global butadiene market is
dominated by key players such as Shell Chemicals, Dow Chemicals, Evonik
Industries AG, BASF, and many more who are looking for opportunities in
emerging markets.
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This research report analyzes
this market depending on its market segments, major geographies, and
current market trends. Geographies analyzed under this research report
include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints.
It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report
also includes a review of micro and macro factors essential for the
existing market players and new entrants along with detailed value
chain analysis.
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