1, 3 The butadiene market will experience a strong expansion until 2024

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Synthetic and Bio-Based Butadiene Market: Instant

Synthetic butadiene and biobased butadiene, called 1,3-butadiene, are colorless, non-corrosive gases that condense into liquid form at -4.5 ° C. They have a mild aromatic odor. Synthetic butadiene is produced commercially by refining the concentrating stream of crude butylene (C4), a by-product of ethylene and propylene production.

Depending on the type of product, the market for synthetic and bio-based butadiene can be divided into synthetic and bio-based. Synthetics was the leading segment in 2017 due to the extensive consumption of synthetic butadiene in various end uses, including the production of SBR, PBR, latex SB, NBR and ABS. High crude oil prices and low natural gas prices in the US have forced petrochemical companies to shift their focus from petroleum-based naphtha cracking to natural gas-based ethane cracking. This has negatively affected the supply of butadiene. In turn, this has spurred interest in purposely producing butadiene from conventional and renewable raw materials. Interest in green tires has also been on the rise. These tires are made from synthetic rubber derived from bio-based monomers such as bioisoprene and biobutadiene. Genomatica and Cobalt Technologies signed an agreement to produce bio-based butadiene at their commercial plants over the next five years.

More than 75% of the synthetic and bio-based butadiene produced worldwide is used primarily in rubber products and the automotive industry. In rubber composites, synthetic and bio-based butadiene is mixed with natural and synthetic elastomers along with various processing oils. Then they are heated to produce SBR, PBR, SB latex, ABS, adiponitrile, etc. Synthetic and bio-based butadiene is used as rubber reinforcing agents in the tire manufacturing industry due to its ability to provide better reinforcement and higher resilience, tear resistance. , conductivity and other physical properties. PBR and SBR are used in treads, side walls and interior linings; non-tire related applications, as mechanical rubber articles (MRG), including industrial rubber articles, membrane roofs and automobile rubber parts (sealing systems, hoses and anti-vibration parts); and rubber articles in general, such as hoses, belts, gaskets and seals. SB latex is used in specialized sectors such as paints and coatings. ABS is mainly used in light vehicles.

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In value terms, the global biobased and synthetic butadiene market is projected to expand at a CAGR of over 5.4% from 2018 to 2026 to reach US $ 27,966.0 Mn in 2026. In terms in volume and value, the synthetic segment had a significant market share of more than 90% in 2017. Biobased is a rapidly expanding market segment, led by increased demand for bio-based butadiene in green tires and increased demand for biobased butadiene in green tires. of environmental concerns.

Increased demand for synthetic and bio-based butadiene in the automotive and rubber industries is expected to drive the market. The volatility of raw material prices (such as the mixture of c4 and oil butadiene raw material) and hazardous gases emitted into the atmosphere during the manufacture of synthetic butadiene are important factors restricting the global market for synthetic butadiene. Some substitutes for synthetic butadiene, such as biologically derived butadiene and silica, are commercially available. However, biologically derived butadiene is considered an internal substitute for synthetic butadiene.

In terms of volume, Asia Pacific held the major share of more than 50% of the global synthetic and bio-based butadiene market in 2017. China is a major producer of synthetic and bio-based butadiene, with some major producers operating in the country market along with several small manufacturers. India is a key importer of synthetic and bio-based butadiene from China. China and India account for the majority of the demand for synthetic and bio-based butadiene in Asia Pacific due to the expansion in the tire manufacturing and paint and coatings industries in these countries. Asia Pacific is expected to maintain its dominance in the world market throughout the forecast period. Tire manufacturers and the automotive industry are moving their production base to developing countries in the region. The Asia Pacific and Middle East and Africa market share is expected to grow at a rapid pace. The easy availability of crude oil and raw materials for the production of butadiene is encouraging leading players to start operations in these regions. Furthermore, the emerging economies of the GCC countries are likely to boost the auto industry in the Middle East and Africa. This, in turn, is increasing the market for synthetic and bio-based butadiene. The market share of North America, Europe and Latin America is projected to grow at a slow pace between 2018 and 2026. The Asia Pacific and Middle East and Africa market share is expected to grow at a rapid pace. The easy availability of crude oil and raw materials for the production of butadiene is encouraging leading players to start operations in these regions. Furthermore, the emerging economies of the GCC countries are likely to boost the auto industry in the Middle East and Africa. This, in turn, is increasing the market for synthetic and bio-based butadiene. The market share of North America, Europe and Latin America is projected to grow at a slow pace between 2018 and 2026. The Asia Pacific and Middle East and Africa market share is expected to grow at a rapid pace. The easy availability of crude oil and raw materials for the production of butadiene is encouraging leading players to start operations in these regions. Furthermore, the emerging economies of the GCC countries are likely to boost the auto industry in the Middle East and Africa. This, in turn, is increasing the market for synthetic and bio-based butadiene. The market share of North America, Europe and Latin America is projected to grow at a slow pace between 2018 and 2026. The emerging economies of the GCC countries are likely to boost the auto industry in the Middle East and Africa. This, in turn, is increasing the market for synthetic and bio-based butadiene. The market share of North America, Europe and Latin America is projected to grow at a slow pace between 2018 and 2026. The emerging economies of the GCC countries are likely to boost the auto industry in the Middle East and Africa. This, in turn, is increasing the market for synthetic and bio-based butadiene. The market share of North America, Europe and Latin America is projected to grow at a slow pace between 2018 and 2026.

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Around 70% -75% of the global synthetic and bio-based butadiene market is consolidated, while the rest is fragmented. Some small players operate in the market. There is a high degree of competition among market players. The market is dominated by big players. The prominent players described in the report are BASF SE, Eni SpA, Evonik Industries, Exxon Mobil Corporation, Petrochemical Corporation of Singapore Pte. Ltd., Repsol Group, Royal Dutch Shell Plc, Saudi Basic Industries Corporation, The Dow Chemical Company, TPC Group, Yeochun NCC Co., Ltd., INEOS Group AG, LyondellBasell Ind