Synthetic & Bio-Based Butadiene Market Size Was Fragmented In 2016 With Major Industry Share Contributors Accounting for Less Than 30% Of the Overall Share - PowerPoint PPT Presentation

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Synthetic & Bio-Based Butadiene Market Size Was Fragmented In 2016 With Major Industry Share Contributors Accounting for Less Than 30% Of the Overall Share

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In terms of volume, global tire market is accounted for over 2.5 billion units in 2016 and is expected to reach approximately 3.90 billion units by 2024 attaining a CAGR of over 4% during the forecast period. In addition, the overall vehicle production in 2016 was approximately 90 million units. These factors will subsequently boost the synthetic & bio-based butadiene market as automotive and tire industry accounts for approximately more than half of the overall share in the industry. – PowerPoint PPT presentation

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Title: Synthetic & Bio-Based Butadiene Market Size Was Fragmented In 2016 With Major Industry Share Contributors Accounting for Less Than 30% Of the Overall Share


1
Synthetic Bio-based Butadiene Market size was
more than USD 16.5 billion in from 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Synthetic Bio-based
Butadiene Market
  • 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.
  • The rise in automotive industry is expected to
    drive product demand in automotive related
    industries including raw material for body parts,
    tires and other accessories which will
    subsequently boost synthetic bio-based
    butadiene market size by 2024.
  • SB rubber (E-SBR and S-SBR) and butadiene rubber
    are the major raw materials used in the
    production of tires across automotive industry as
    they possess various advantages including better
    grip and low rolling resistance which provides
    improved fuel economy and reduced carbon dioxide
    emissions.

3
Continued...
  • Synthetic led the overall industry by capturing a
    major chunk of the synthetic bio-based
    butadiene market size in 2016.
  • In terms of revenue, the synthetic butadiene
    market was valued at over USD 15 billion in 2016
    and is expected to reach USD 20 billion in 2024,
    attaining a CAGR of over 4 during the forecast
    period.
  • Synthetic butadiene is highly volatile and
    exhibit lower water solubility and therefore has
    the tendency to evaporate easily, which is likely
    to pose serious threat to environment and human.

4
Continued...
  • Asia Pacific led the overall synthetic
    bio-based butadiene market size and accounted for
    a major chunk of the total market size in 2016,
    as key automobile manufacturers are based in
    China which drives the product demand in the
    region.
  • China is inclined towards plastic use for
    manufacturing automotive parts to reduce the
    overall weight of the car and improve fuel
    efficiency.
  • 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.
  • Synthetic bio-based butadiene market has
    applications across various end-user industries
    including automotive, construction, etc., as it
    possesses various advantages including high
    impact and chemical resistance, toughness, heat
    stability, rigidity, and ease of processing.
    Thus, increasing automotive industry across the
    globe will positively influence the synthetic
    bio-based butadiene market size during the
    forecast period.

5
U.S. Synthetic Bio-Based Butadiene Market size,
by application, 2014 - 2024 (USD Billion)

6

Browse Full Market Research Report On Synthetic
Bio-based Butadiene Market _at_
http//bit.ly/2pFJIC9 Request for a Sample
of this Research Report _at_ https//www.gminsights.c
om/request-sample/detail/1595 https//www.gminsig
hts.com/request-sample/detail/49
7
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