Global Synthetic and Bio-Based Butadiene Market Propelled by Extensive Rise in Automotive Industry

Transparency Market

Research

Butadiene Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast 2015 - 2023

Published Date

05-Oct-2015

163 Page Report

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Global Synthetic & Bio-based Butadiene Market is Likely to

Reach US$ 23.45 Bn in 2023 : TMR

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Butadiene Market

REPORT DESCRIPTION

Butadiene Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

The global synthetic and bio-based butadiene market is deriving significant growth opportunities from the rapid

expansion of the automotive industry across the globe. In 2014, the global market stood at US$15.2 bn and

analysts anticipate it to expand at a CAGR of 4.9% from 2015 to 2023 and reach a value of US$23.4 bn by the

end of 2023.

Synthetic Butadiene Market to Maintain Dominance in Future

Synthetic butadiene and bio-based butadiene are the two major components of this global market. Among the

two, the synthetic butadiene market emerged as the biggest product segment in 2014. Synthetic butadiene is

processed to obtain several derivatives such as SB rubber, ABS, and SB latex, which are used in making tyre

and various other products in the automotive industries.

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The rapid development of the global automotive industry is expected to increase the demand for synthetic

butadiene in the near future owing to which the synthetic butadiene market is likely to maintain its leading

position in the coming years. On the other hand, analyst project the bio-based butadiene market to report the

fastest growth in the overall synthetic and bio-based butadiene market in future owing to government

initiatives, encouraging the usage of bio-based butadiene market....