The North American Butadiene Market is Expected to Reach $5,665.5 Million by 2019 – A Market Report by MicroMarket Monitor

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The North American Butadiene Market is estimated to grow to $5,665.9 million by 2019, driven by the growing demand in the region for the derivatives of butadiene

MicroMarket Monitor

MicroMarket Monitor

The Key Players in the North American Butadiene Market include TPC Group (U.S.), ExxonMobil (U.S.), LyondellBasell (U.S.), Shell Chemicals (Netherlands), and BASF SE (Germany), among others.

The North American butadiene market is expected to reach a value of $5,665.5 million by 2019, at a CAGR of 5.0% during the forecast period of 2014 to 2019.

Browse through the TOC of North American butadiene market for an analysis of industry trends, segments and forecasts.

Butadiene is a basic petrochemical which is majorly obtained as a by-product of ethylene and propylene. The butadiene market is experiencing strong growth and expected to get stronger in the future. It is majorly due to the growing demand for its derivatives. Butadiene breaks down quickly in the atmosphere. Nevertheless it is found in ambient air in urban and suburban areas as a consequence of its constant emission from the motor vehicles.

The largest application of butadiene is in the production of styrene butadiene rubber (SBR), which is principally used in the manufacture of automobile tyres. SBR is also used in adhesives, sealants, coatings, and rubber articles such as shoe soles.

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The stringent environmental regulations in North America may restrain the market growth in the developed regions. However, 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 North American market. The countries included in the region are the U.S., Canada, and Mexico. The butadiene market in North America is the second-largest market, globally, and is expected to grow at a moderate CAGR from 2014 to 2019. In 2013, the U.S. accounted for the maximum consumption in the region and is driving the North American market because of producers of butadiene adopting a low-cost leadership approach in the market.

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The report covers the North American butadiene market, which is segmented on the basis of application and geography. In the North American region, the butadiene is applied in 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.

Related Report:

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. Butadiene consumption in Europe Butadiene Market is dominated by its use in production of SBR (styrene butadiene rubber), which alone accounts for approximately 50% of the global market share.

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MicroMarket Monitor produces exclusive market research reports, based on real-time data to provide better understanding of the dynamic market conditions of the Chemicals and Advanced Materials Industry. The reports offer in-depth and complete analysis of the regional and country level marketplaces. The research reports for Chemicals and Advanced Materials Industry are updated on quarterly basis and are easily available for purchase through annual subscriptions.

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