The North American Butadiene Market is estimated to grow to $5,508.9 million by 2018 - New Report by MicroMarket Monitor
(PRWEB) November 12, 2014 -- The North American Butadiene Market report defines and segments the butadiene market in the concerned market with analysis and forecast of revenue.
Browse through the TOC of the North American 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.
http://www.micromarketmonitor.com/market/north-america-butadiene-4797088252.html
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 butadiene market in North America is the second-largest market globally, and is expected to grow at a moderate CAGR owing to slow growth in the region. In 2013, the U.S. led the market in terms of consumption in the region, and the market is driving high in the country because producers of butadiene adopt a low-cost leadership approach to the marketplace.
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The stringent environment regulations in North America are expected to affect the market growth in developed regions. However, the rising demand for butadiene due to the growth of downstream applications is set to drive and maintain the growth potential of the market in coming years. It remains at a reassuring position for existing players in the market.
The report covers the North American 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. The countries included in the region are U.S., Canada, and Mexico.
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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.
Related Reports :
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.
http://www.micromarketmonitor.com/market/europe-butadiene-1017096794.html
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