The 1,3 Butadiene (BD) Market was valued at USD 2.5Bn in 2021, at CAGR of 5.8% during the forecast period (2022-2030), and the Market is projected to be worth USD 4.15 Bn by 2030.
The increased adoption of 1,3 Butadiene (BD) in the Petrochemicals industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for 1,3 Butadiene (BD) also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of 1,3 Butadiene (BD) in many sectors also boosts the market growth during the forecast period.
An industrial chemical called 1,3 butadiene, usually known as butadiene, is used to make synthetic rubber. It is created as a by-product of the steam cracking method used to make ethylene and olefins. It is a colourless, flammable gas that is extremely reactive and aromatic in nature. With oxygen, it quickly polymerizes. It dissolves in ether and alcohol. But water cannot dissolve it.
1,3 Butadiene (BD) Market Research Report” was just released by Market Research Community. It is divided into several categories, including by Type (Extractive Distillation, Oxidative Dehydrogenation), By Application (Butadiene Rubber (BR), Styrene Butadiene Latex (SBL), Styrene Butadiene Rubber (SBR), Acrylonitrile Butadiene Styrene (ABS), Adiponitrile, Others (Including Nitrile Rubber, etc)), and companies (Jiutai Energy Inner Mongolia Co., Ltd., Lanxess Corporation, LG Chem Corp., Royal Dutch Shell PLC, Reliance Industries Inc., Shell Chemical LP, and TPC Group, BASF SE, Bangkok Synthetics Co. Ltd, China National Petroleum Corporation, China Petroleum & Chemical Corporation, Dow Chemical Inc., ExxonMobil Chemical Corp.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 5.8%, over the forecast period of 2022–2030
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||4.15 Billion|
|By Type||Extractive Distillation, Oxidative Dehydrogenation|
|By Application||Butadiene Rubber (BR), Styrene Butadiene Latex (SBL), Others|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Jiutai Energy Inner Mongolia Co., Ltd., Lanxess Corporation, LG Chem Corp., Royal Dutch Shell PLC, Reliance Industries Inc., Shell Chemical LP, and TPC Group, BASF SE, Bangkok Synthetics Co. Ltd, China National Petroleum Corporation, China Petroleum & Chemical Corporation, Dow Chemical Inc., ExxonMobil Chemical Corp.|
The COVID-19 pandemic has had a substantial negative influence on the 1,3 Butadiene (BD) market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Jiutai Energy Inner Mongolia Co., Ltd., Lanxess Corporation, LG Chem Corp., Royal Dutch Shell PLC, Reliance Industries Inc., Shell Chemical LP, and TPC Group, BASF SE, Bangkok Synthetics Co. Ltd, China National Petroleum Corporation, China Petroleum & Chemical Corporation, Dow Chemical Inc., ExxonMobil Chemical Corp.
Market Segment Analysis:
- Extractive Distillation
- Oxidative Dehydrogenation
- Butadiene Rubber (BR)
- Styrene Butadiene Latex (SBL)
- Styrene Butadiene Rubber (SBR)
- Acrylonitrile Butadiene Styrene (ABS)
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of 1,3 Butadiene (BD) industries in the region.
Key 1,3 Butadiene (BD) Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global 1,3 Butadiene (BD) Market segments.
– Largest Market Share Held by Industry to Industry for 1,3 Butadiene (BD)
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the 1,3 Butadiene (BD) Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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