Research Nester published a report titled “Butadiene Extraction Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global butadiene extraction market in terms of market segmentation by process, application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global butadiene extraction market is anticipated to attain a significant CAGR over the forecast period, i.e., 2022 – 2031. The market is segmented on the basis of process into catalytic dehydrogenation, aqueous NMP, Houdry catadiene, and others. Out of these, the Houdry catadiene segment is anticipated to hold the notable share over the forecast period owing to its high commercial viability. On the basis of end-user, the automotive segment is anticipated to hold largest market size over the forecast period owing to the use of butadiene for making tires.
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The global butadiene extraction market is projected to grow on the back of growing demand for butadiene amongst the automotive and construction sector. Butadiene is used to make tires, adhesive, sealants, and thermoplastics, which is estimated to boost the demand for butadiene. Moreover, this gas is extracted from heavier hydrocarbons, obtained from petrochemicals. Furthermore, the growing application of synthetic rubber and plastics in automotive sector, for making tires and internal parts of the vehicles, is further estimated to fuel the market growth.
On the basis of geographical analysis, the global butadiene extraction market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is anticipated to gain the largest market share throughout the forecast period, on the back of high domestic consumption and production of chemicals, along with the presence of major chemical manufacturing companies in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Growing Application of Butadiene in Automotive Sector to Boost the Market Growth
According to the data by the International Energy Agency (IEA), in 2019, the car sales reached 25 million cars in China, and 17 million in United States in the year 2019.
Butadiene is extensively used in the automotive industry to make tires, internal parts of vehicles, and as adhesives. The growing demand for cars across the globe, along with the surge in purchase capacity of the individuals, are estimated to positively impact the demand for butadiene extraction.
However, high risk of accident due to the inflammable nature of butadiene expected to operate as key restraint to the growth of global butadiene extraction market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global butadiene extraction market which includes company profiling of Reliance Industries Limited, BASF SE, Qatar Petroleum, ZEON Corporation, TPC Group Inc., Indian Oil Corporation Limited, Evonik Industries AG, Royal Dutch Shell plc, Asahi Kasei Corporation, and Shell Oil Products US. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global butadiene extraction market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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