Synthetic and biobased Butadiene Market Regional Analysis to Record an Exponential CAGR by 2024

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Synthetic and Biobased Butadiene Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2024

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Synthetic and Biobased Butadiene
Market

• Synthetic butadiene and biobased butadiene,
  termed as 1,3-butadiene, are non-corrosive,
  colorless gases that condense to a liquid form at
  -4.5C.
• They have a mild aromatic odor. Synthetic
  butadiene is produced commercially by refinement
  of crude butylene concentration (C4) stream, a
  by-product of ethylene and propylene production.

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Propelling Demand for Synthetic Products Boosts
the Growth

• Based on product type, the synthetic and biobased
  butadiene market can be bifurcated into synthetic
  and biobased.
• Synthetic was the leading segment in 2017 due to
  the wide consumption of synthetic butadiene in
  various end-uses including production of SBR,
  PBR, SB latex, NBR, and ABS. High crude oil
  prices and low natural gas prices in the U.S.
  have compelled petrochemical companies to shift
  their focus from oil-based naphtha cracking to
  natural gas-based ethane cracking.
• This has adversely affected the supply of
  butadiene. In turn, this has stimulated interest
  in on-purpose butadiene production from
  conventional and renewable feedstock

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Rising Adoption of Biobased Butadiene to Propel
the Growth

• Generation and interest for biobased butadiene
  are required to increment altogether during the
  conjecture time frame.
• Creation of biobased butadiene isn't just
  foreseen to bring down the reliance on raw
  petroleum, yet in addition make the butadiene
  advertise more cost focused.
• Different nations are adjusting their tasks to
  eco-accommodating activities, which incorporate
  limiting the utilization of rough oils and their
  side-effects.

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 Some of the key players in this market 

• Singapore Pte. Ltd.,
• Repsol Group,
• Royal Dutch Shell Plc,
• Saudi Basic Industries Corporation,
• The Dow Chemical Company,
• TPC Group

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