Key Players in the European Butadiene Market are TPC Group Inc. (U.S.), China Petroleum & Chemical Corporation (China), BASF SE (Germany), and ExxonMobil Chemical Company (U.S.)
(PRWEB) November 13, 2014
The European Butadiene Market report defines and segments the concerned market in Europe with analysis and forecast of revenue. This market is estimated to reach a value of $5,290.2 million by 2018 at a CAGR of 4.4% from 2013 to 2018.
Browse through the TOC of the European Butadiene Market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation in the market, which is supported by 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 experiencing strong growth, which is only expected to get stronger in the future, because of the growing demand for its derivatives. Butadiene breaks down quickly in the atmosphere; it is found in ambient air in urban and suburban areas as a consequence of its constant emission from motor vehicles. The largest single use of butadiene is in the production of styrene butadiene rubber (SBR), which is principally used in the manufacture of automobile tires. SBR is also used in adhesives, sealants, coatings, and rubber articles such as shoe soles. The world market for butadiene is largely driven by the demand for elastomers due to their extensive use in manufacture of tires.
The European region is the third-largest market in terms of butadiene consumption. The market in this region witnessed great fluctuations in the last few years as butadiene is used in highly cyclical applications. The past trend of the world economy clearly shows the economic downturn and a stagnant western economy, because of which both developed and developing countries were affected. This scenario has also resulted in low economic activities around the world and has lowered the demand for industrial goods and services. Due to the stagnant economy there has been a drop in the manufacturing output, as a result of which there has been a significant slowdown in majority of industries. This affected the demand for butadiene, and in turn, had a negative effect on many associated markets such as its derivatives. However, despite the economic downturn, the consumption of butadiene in the market is growing, albeit at a slower rate, every year.
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The report covers the European butadiene market, which is segmented on the basis of applications and ingredients. Applications of butadiene include acrylonitrile butadiene styrene, 1,4-Butanediol (1,4-BDO), adiponitrile, engineering plastics, nitrile elastomers or nitrile butadiene rubber (NBR) OR Buna N, polybutadiene, styrene butadiene rubber (SBR), and styrene-butadiene latexes. Ingredients include ethane, naphtha, and propane.
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This report also includes market shares and value chain analyses, along with market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of the key players in this market.
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Asia-Pacific Butadiene Market
Asia-Pacific Butadiene Market was valued at $16,090.70 million in 2012, and is projected to reach $14,110.27 million by 2018, at a CAGR of 7.5%, for the given period. Asia-Pacific is the major butadiene market, which accounted for nearly 51.5% of the total global demand. The Asia-Pacific Butadiene market is further expected to show quite a high growth in future, mainly due to high growth potential of the Chinese and Indian markets.
Butadiene or 1, 3-butadiene is a colorless gas which is condensed to liquid just below minus 4.0°C and is highly reactive. Butadiene is soluble in alcohol and ether, but insoluble in water and is polymerized easily in the presence of oxygen. Butadiene is obtained as a byproduct of ethylene and propylene manufacturing by selective distillation of cracked naphtha or gas oil stream. It is an important feed stock for manufacturing various chemicals and materials which further serve diverse industries including automotive, paints, textile and manufacturing.
Asia-Pacific Butadiene Market is the most promising chemical market and is expected to be the same in the near future. The continuous rise in production of end products for use within the region and for exports derives a huge demand for chemicals.
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