PUBLISHER: TechNavio | PRODUCT CODE: 1602040
PUBLISHER: TechNavio | PRODUCT CODE: 1602040
Butadiene Market 2024-2028
The butadiene market is forecasted to grow by USD 13898.4 mn during 2023-2028, accelerating at a CAGR of 6.9% during the forecast period. The report on the butadiene market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand from automotive industry, mounting demand for s-sbr, and rising demand from emerging economies.
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 6.4% |
CAGR | 6.9% |
Incremental Value | $13898.4 mn |
Technavio's butadiene market is segmented as below:
By Derivative Type
By Geographical Landscape
This study identifies the rising demand for bio-based feedstock as one of the prime reasons driving the butadiene market growth during the next few years. Also, expanding applications in consumer goods and rising acceptance of green tires will lead to sizable demand in the market.
The report on the butadiene market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading butadiene market vendors that include BASF SE, Braskem SA, China National Petroleum Corp., Dow Inc., Evonik Industries AG, Exxon Mobil Corp., Formosa Petrochemical Corp., INEOS Group Holdings S.A., JSR Corp., Kumho Petrochemical Co. Ltd., Lanxess AG, LG Chem Ltd., Lotte Chemical Titan Holding Bhd, LyondellBasell Industries Holdings BV, Reliance Industries Ltd., Repsol SA, Saudi Basic Industries Corp., Shell plc, and TPC Group. Also, the butadiene market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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