Synthetic & Bio-based Butadiene Market - Industry Analysis, Share, Growth, Trends and Forecast, 2017 - 2024

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Synthetic Bio-based Butadiene Market Research
Report, 2017 2024s Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Synthetic Bio-based Butadiene
Market

• Strong growth indicators in the automotive and
  tire business globally will be the major growth
  prospect for the synthetic bio-based butadiene
  market in the coming years.
• For instance, SB rubber owing to its value-added
  features of reduced rolling resistance and better
  grip is widely preferred in the tire
  manufacturing, as it helps in reducing carbon
  emissions along with increasing the vehicle
  efficiency.
• In 2016, the overall tire industry size was close
  to 2.5 billion units and is projected to reach 4
  billion units by 2024. This trend will in turn
  stimulate the synthetic bio-based butadiene
  market share, as the product is essentially used
  in tire manufacturing.

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Continued...

• Petrochemical derivatives are the major raw
  materials used in the product manufacturing.
  Thus, synthetic bio-based butadiene market
  price trends follow similar dynamics with the
  crude oil. As a result, wavering crude oil prices
  shall obstruct synthetic butadiene market share
  in the coming years.
• The product is majorly used in tire manufacturing
  and other automotive parts, particularly due to
  its characteristics such as superior grip and
  reduced rolling resistance.
• Bio-based will exhibit gains close to 13 CAGR
  from 2017 to 2024. The growth will be mainly
  attributed to favoring government norms towards
  bio-based material use on account of its
  ecofriendly characteristics.
• Key industry players are BASF, Exxon Mobil,
  Shell, Evonik, INEOS, LyondellBasell, Dow, SABIC,
  PCS, Repsol, and TPC Group.

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U.S. Synthetic Bio-Based Butadiene Market size,
by application, 2013 - 2024 (USD Billion)

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360 Analysis

• Product Analysis
• In terms of revenue, bio-based butadiene market
  size was close to USD 450 million in 2016 and is
  projected to expand at over 13 during the
  forecast period.
• Regional Analysis
• China is inclined towards plastic use for
  manufacturing automotive parts to reduce the
  overall weight of the car and improve fuel
  efficiency. For example, ABS are extensively
  utilized in manufacturing automobile parts.
• Competitive Market Share
• Key companies in the business are BASF SE, Eni
  S.p.A, Evonik Industries AG, Exxon Mobil, INEOS
  Group, LyondellBasell Industries N.V., Royal
  Dutch Shell Plc, The Dow Chemical Company, PCS,
  Repsol, SABIC, TPC Group and Yeochun NCC.

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