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

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

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Get more information @ Escalating tire and automotive industry across the globe is the major factor which is likely to stimulate the synthetic & bio-based butadiene market size by 2024. – PowerPoint PPT presentation

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


1
Synthetic Bio-based Butadiene Market Research
Report, 2017 2024s Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
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.

3
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.

4
U.S. Synthetic Bio-Based Butadiene Market size,
by application, 2013 - 2024 (USD Billion)

5

Browse Full Market Research Report On Synthetic
Bio-based Butadiene Market _at_ http//bit.ly/2kyLT
DG Request for a Sample of this Research
Report _at_ https//www.gminsights.com/request-sample
/detail/1595 https//www.gminsights.com/reques
t-sample/detail/49
6
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.


7
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