Global 1,3 butadiene (bd) market Trends 2014 to 2020 by Grand View Research, Inc

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Growing demand for ABS on account of increasing demand for high performance plastics from automotive industry is also expected to have a positive influence on the global market. Volatile raw material prices coupled with stringent regulatory scenario is expected to remain key challenges for market participants. In order to overcome such challenges, industry has shifted its focus towards developing bio-based routes to manufacture 1,3 butadiene.

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  • Global 1,3 Butadiene (BD) Market By Application (SBR,

    Butadiene Rubber, SB Latex, ABS, HMDA, NBR) Expected To

    Reach USD 33.01 Billion By 2020: Grand View Research, Inc

    The global market for 1,3 butadiene (http://www.grandviewresearch.com/industry-

    analysis/butadiene-market) is expected to reach USD 33.01 billion by 2020, according to a

    new study by Grand View Research, Inc. Growing demand for tires (both OEM and

    replacement) on account of an upturn in the automotive industry, particularly in China, India

    and Brazil, is expected to remain a key driving factor for the global market. In addition,

    growing demand for ABS on account of increasing demand for high performance plastics

    from automotive industry is also expected to have a positive influence on the global market.

    Volatile raw material prices coupled with stringent regulatory scenario is expected to remain

    key challenges for market participants. In order to overcome such challenges, industry has

    shifted its focus towards developing bio-based routes to manufacture 1,3 butadiene.

    Butadiene rubber emerged as the leading application segment for BD and accounted for

    30.8% of total market volume in 2013. More than two third of butadiene rubber goes for

    manufacturing tires, thus global tire industry dynamics are a key factor for the growth of this

    market. HMDA (hexamethylenediamine) is expected to be the fastest growing application

    market for BD, at an estimated CAGR of 6.8% from 2014 to 2020. Growing demand for

    nylon 66 resin in major end-use industries such as automotive and electronics is expected to

    fuel the demand for BD in HMDA.

    The report 1,3 Butadiene (BD) Market Analysis By Application (Butadiene Rubber, ABS,

    SBR, SB Latex, NBR, Hexamethylenediamine), Bio-based Opportunities And Segment

    Forecasts To 2020 is available now to Grand View Research customers and can also be

    purchased directly at http://www.grandviewresearch.com/industry-analysis/butadiene-

    market

    Further key findings from the study suggest:

    Global BD market volume was 10,500 kilo tons in 2013 and is expected to reach 14,179.9

    kilo tons by 2020, growing at a CAGR of 4.4% from 2014 to 2020.

    Asia Pacific emerged as the largest regional market for BD and accounted for 53.6% of total

    market volume in 2013. Growth of automotive industry particularly in emerging markets of

    China and India is expected to remain a key driving factor for the regional market. Asia

    Pacific is expected to grow at a CAGR of 5.5% from 2014 to 2020.

  • Growth of major end-use industries such as automotive and construction in Latin America

    and Middle East is expected to push BD demand for these regions to grow at an estimated

    CAGR of 8% from 2014 to 2020.

    Naphtha remained the primary petrochemical feedstock for the production of BD. However,

    emergence of coal based ammonia and methanol facilities in Asia is expected to provide

    alternative sources for the production of 1,3 butadiene..

    The global market is moderately concentrated with the top four companies including Dow

    Chemical Company, Shell, Lyondell Basell and Shanxi Sanwei accounting for over 55% of

    the global market in 2013. Other companies in the market include XioJiang Markor, Sinopec

    and TPC Group, Inc.

    Request free sample of this Report @ http://www.grandviewresearch.com/industry-

    analysis/butadiene-market/request

    For the purpose of this study, Grand View Research has segmented the 1,3 butadiene market

    on the basis of application and region:

    Global 1, 3 Butadiene Application Outlook (Volume, Kilo Tons; Revenue, USD Million,

    2012 - 2020)

    Butadiene Rubber

    Acrylonitrile Butadiene Styrene Resins (ABS)

    Styrene Butadiene Rubber (SBR)

    SB Latex

    Nitrile Butadiene Rubber (NBR)

    Hexamethylenediamine (HMDA)

    Others

    Global 1, 3 Butadiene Regional Outlook (Volume, Kilo Tons; Revenue, USD Million,

    2012 - 2020)

    North America

    Europe

    Asia Pacific

    RoW

  • Browse All Reports of this category @

    http://www.grandviewresearch.com/industry/petrochemicals-and-downstream-

    derivatives

    About Grand View Research

    Grand View Research, Inc. is a market research and consulting company that provides off-

    the-shelf, customized research reports and consulting services. To help clients make informed

    business decisions, we offer market intelligence studies ensuring relevant and fact-based

    research across a range of industries, from technology to chemicals, materials and energy.

    With a deep-seated understanding of varied business environments, Grand View Research

    provides strategic objective insights. For more information, visit

    http://www.grandviewresearch.com/

    Contact:

    Sherry James

    Corporate Sales Specialist, USA

    Grand View Research, Inc

    Phone: 1-415-349-0058

    Email: sales@grandviewresearch.com