BURNABY, Canada, July 21, 2015 /PRNewswire/ --
Increasing demand for synthetic rubber and anticipated growth in global tyre industry to drive global butadiene market through 2020
According to recently published TechSci Research report "Global Butadiene Market Forecast & Opportunities, 2020", global butadiene market is expected to cross 13 million metric tons in volume terms by 2020. Butadiene is an organic compound used in production of synthetic rubber, which being a substitute for natural rubber, is further used in manufacturing tyres and other components. Butadiene is obtained as a by-product during the production of ethylene and propylene by two different types of processes: Dehydrogenation and Steam cracking. The yield of butadiene is directly related to feedstock, i.e. heavier the feedstock, higher would be the butadiene yield. LyondellBasell, Royal Dutch Shell, TPC Corporation, BASF are some of the leading global players involved in the production of butadiene.
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The report reveals that majority chunk of butadiene is processed for manufacturing derivatives that are categorized as synthetic rubber. Wherein, PBR and SBR dominate the quantity of butadiene processed and they are followed by ABS Resins, SB latex and Adiponitrile. Further they are used primarily for manufacturing tire and automotive components followed by carpets, paper coats, etc. The recovery of the automobile sector is expected to create higher demand for tyres which is expected to drive the synthetic rubber, and consequently, butadiene market through 2020. Along with increasing stringency of legislations to reduce carbon emissions from vehicles and improving the performance of tires, the automotive industry is graduating from SBR to PBR.
"Developing economies in Asia-Pacific are expected to witness increasing production across various downstream sectors, owing to which, the region would continue to dominate the global butadiene market through 2020. Asia-Pacific is followed by North America, wherein US is the major contributor, followed by Canada and Mexico. Due to the increasing availability of ethane in the US, the percentage yield of butadiene is getting hampered. Hence, the butadiene derivative producers are increasingly relying on butadiene imports from Europe and Asia-Pacific, a trend that is expected to continue through 2020." said Mr. Karan Chechi, Research Director, with TechSci Research, a research based global management consulting firm.
"Global Butadiene Market Forecast & Opportunities, 2020" has analyzed the potential of the butadiene market and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers and key challenges faced by the industry.
About TechSci Research
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
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