The Key players of the Asia-Pacific butadiene Market include Formosa Petrochemical Corporation (Taiwan), CPC Corporation (Taiwan), Lotte Chemical Corporation (South Korea), JSR Corporation (Japan), Kumho Petrochemical Co., Ltd. (Korea).
(PRWEB) March 22, 2015
The Asia-Pacific butadiene market is expected to reach $14,918.3 million by 2019, at a CAGR of 7.5% from 2014 to 2019.
Browse through the TOC of Asia-Pacific butadiene market for an analysis of industry trends and segments, with the help of various tables and figures.
Butadiene is a basic petrochemical that is majorly obtained as a by-product from the manufacture of ethylene and propylene. The butadiene market is driven due to the growing demand for its derivatives that include SBR, PBR, ABS, and others. The largest application segment of butadiene is styrene butadiene rubber (SBR), which is principally used to manufacture automobile tires. SBR is also used in adhesives, sealants, coatings, and rubber articles such as shoe soles. The global butadiene market is largely driven by the demand for elastomers, which are used to manufacture tires.
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The rising demand due to growth of downstream applications is set to drive and retain the market growth potential in the coming years. It remains at a reassuring position for the existing players of the Asia-Pacific market. The countries included in the region are China, South Korea, Japan, and India. The butadiene market in Asia-Pacific is the largest market, globally, and is expected to grow at a CAGR from 2014 to 2019. In 2014, the market in China accounted for the maximum consumption in the region.
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The report covers the Asia-Pacific butadiene market, which is segmented on the basis of application and geography. In the Asia-Pacific region, the butadiene is applied in acrylonitrile butadiene styrene, adiponitrile, nitrile butadiene rubber, styrene butadiene rubber (SBR),Polybutadiene rubber (PBR) and styrene-butadiene latexes.
Europe Butadiene Market
The Butadiene market is experiencing strong growth that is expected to get stronger in the future, which is majorly due to the growing demand for its derivatives, which includes SBR, PBR and ABS among others. The Europe Butadiene Market was valued at $6,950.08 million in 2012, and is projected to reach $5,287.07 million by 2018, at a CAGR of 4.4%, for the given period. The Europe butadiene market is largely driven by their extensive use in manufacture of tires, since Germany is one of the major hubs for the manufacturing of automobiles. The Butadiene market demand will remain strong in European region.
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