Market Overview:
The global synthetic and bio-based butadiene market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for bio-based butadiene in medical applications, growing demand for synthetic butadiene in chemical applications, and rising demand for agricultural products. However, volatility in prices of raw materials may restrain the growth of the market during the forecast period. On the basis of type, synthetic butadiene is expected to account for a larger share than bio-based butadiene during the forecast period. On account of its properties such as high reactivity and good solubility in organic solvents, synthetic butadiene is used extensively in chemical applications such as polymerization initiators, rubber chemicals, plasticizers etc. .
Product Definition:
Synthetic Butadiene is a man-made chemical that is used to make rubber. Bio-based Butadiene is made from plants or other natural materials.
Synthetic Butadiene:
Synthetic butadiene also known as isobutylene, is a colorless and highly flammable liquid. It has a strong odor similar to gasoline. Isobutylene is used in the production of polyisobutylene (PIB), which has high demand for manufacturing engineering plastics, adhesives & sealants, rubber products and fibers.
Bio-based Butadiene:
Bio-based butadiene is a bio-degradable and renewable polymer, which is produced from the fermentation of yeast or bacteria. It can be derived from various sources such as sugarcane bagasse, corn cobs, jatropha oil & gas fields and milk & juice waste. Bio-based butadiene has high demand in synthetic rubber production due to its superior properties such as abrasion resistance and high strength.
Application Insights:
Chemical application led the global market in 2017 and is projected to continue its dominance over the forecast period. The chemical segment accounted for more than half of the overall revenue share in 2017. Chemical industry is one of the largest consumers of butadiene, which has been a major factor driving product demand globally. Other applications include medical and agriculture among others.
Medical was one of the fastest growing segments with CAGR around 10% from 2018 to 2030 on account of increasing health awareness among population worldwide coupled with rising number of surgeries being performed using polymers such as Surgical Glues made from BVB as a base polymer due to their high biodegradability will drive demand for BVB globally over next few years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The presence of emerging economies such as China, India, and Japan has resulted in high product demand from various end-use industries. In addition, increasing government support for promoting investments in energy & infrastructure projects along with growing automotive production is anticipated to drive synthetic butadiene market growth over the coming years.
The Asia Pacific was followed by Europe that accounted for a share of 29% in terms of volume consumed globally during 2017 owing to rising chemical manufacturing industry across major countries including Germany, France, Italy, U.K., and Russia among others are expected to have a positive impact on regional product demand over the forecast period.
Growth Factors:
- Increasing demand for synthetic and bio-based butadiene in automotive and construction industries due to its properties such as high durability, flexibility, and strength.
- Rising demand for synthetic and bio-based butadiene from emerging countries such as China and India due to the growth of their economies and rising population.
- Technological advancements in the production of synthetic and bio-based butadiene that would lead to lower production costs, making it more affordable for consumers.
- Growing awareness about the benefits of using synthetic and bio-based butadiene among consumers, which would lead to an increase in its demand over time.
Scope Of The Report
Report Attributes
Report Details
Report Title
Synthetic and Bio-based Butadiene Market Research Report
By Type
Synthetic Butadiene, Bio-based Butadiene
By Application
Medical, Chemical, Agriculture, Industrial, Others
By Companies
BASF, Evonik Industries, Eni, Exxon Mobil, INEOS Group, LyondellBasell Industries, PCS, Repsol, Shell, SABIC, BASF, TPC Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Synthetic and Bio-based Butadiene Market Report Segments:
The global Synthetic and Bio-based Butadiene market is segmented on the basis of:
Types
Synthetic Butadiene, Bio-based Butadiene
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical, Chemical, Agriculture, Industrial, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Evonik Industries
- Eni
- Exxon Mobil
- INEOS Group
- LyondellBasell Industries
- PCS
- Repsol
- Shell
- SABIC
- BASF
- TPC Group
Highlights of The Synthetic and Bio-based Butadiene Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Synthetic Butadiene
- Bio-based Butadiene
- By Application:
- Medical
- Chemical
- Agriculture
- Industrial
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Synthetic and Bio-based Butadiene Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Synthetic butadiene is a man-made product that is made from chemicals. Bio-based butadiene is a natural product that comes from the oilseed rape plant.
Some of the major companies in the synthetic and bio-based butadiene market are BASF, Evonik Industries, Eni, Exxon Mobil, INEOS Group, LyondellBasell Industries, PCS, Repsol, Shell, SABIC, BASF, TPC Group.
The synthetic and bio-based butadiene market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Synthetic and Bio-based Butadiene Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Synthetic and Bio-based Butadiene Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Synthetic and Bio-based Butadiene Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Synthetic and Bio-based Butadiene Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Synthetic and Bio-based Butadiene Market Size & Forecast, 2018-2028
4.5.1 Synthetic and Bio-based Butadiene Market Size and Y-o-Y Growth
4.5.2 Synthetic and Bio-based Butadiene Market Absolute $ Opportunity
Chapter 5 Global Synthetic and Bio-based Butadiene Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Synthetic and Bio-based Butadiene Market Size Forecast by Type
5.2.1 Synthetic Butadiene
5.2.2 Bio-based Butadiene
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Synthetic and Bio-based Butadiene Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Synthetic and Bio-based Butadiene Market Size Forecast by Applications
6.2.1 Medical
6.2.2 Chemical
6.2.3 Agriculture
6.2.4 Industrial
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Synthetic and Bio-based Butadiene Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Synthetic and Bio-based Butadiene Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Synthetic and Bio-based Butadiene Analysis and Forecast
9.1 Introduction
9.2 North America Synthetic and Bio-based Butadiene Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Synthetic and Bio-based Butadiene Market Size Forecast by Type
9.6.1 Synthetic Butadiene
9.6.2 Bio-based Butadiene
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Synthetic and Bio-based Butadiene Market Size Forecast by Applications
9.10.1 Medical
9.10.2 Chemical
9.10.3 Agriculture
9.10.4 Industrial
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Synthetic and Bio-based Butadiene Analysis and Forecast
10.1 Introduction
10.2 Europe Synthetic and Bio-based Butadiene Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Synthetic and Bio-based Butadiene Market Size Forecast by Type
10.6.1 Synthetic Butadiene
10.6.2 Bio-based Butadiene
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Synthetic and Bio-based Butadiene Market Size Forecast by Applications
10.10.1 Medical
10.10.2 Chemical
10.10.3 Agriculture
10.10.4 Industrial
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Synthetic and Bio-based Butadiene Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Synthetic and Bio-based Butadiene Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Synthetic and Bio-based Butadiene Market Size Forecast by Type
11.6.1 Synthetic Butadiene
11.6.2 Bio-based Butadiene
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Synthetic and Bio-based Butadiene Market Size Forecast by Applications
11.10.1 Medical
11.10.2 Chemical
11.10.3 Agriculture
11.10.4 Industrial
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Synthetic and Bio-based Butadiene Analysis and Forecast
12.1 Introduction
12.2 Latin America Synthetic and Bio-based Butadiene Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Synthetic and Bio-based Butadiene Market Size Forecast by Type
12.6.1 Synthetic Butadiene
12.6.2 Bio-based Butadiene
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Synthetic and Bio-based Butadiene Market Size Forecast by Applications
12.10.1 Medical
12.10.2 Chemical
12.10.3 Agriculture
12.10.4 Industrial
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Synthetic and Bio-based Butadiene Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Synthetic and Bio-based Butadiene Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Synthetic and Bio-based Butadiene Market Size Forecast by Type
13.6.1 Synthetic Butadiene
13.6.2 Bio-based Butadiene
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Synthetic and Bio-based Butadiene Market Size Forecast by Applications
13.10.1 Medical
13.10.2 Chemical
13.10.3 Agriculture
13.10.4 Industrial
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Synthetic and Bio-based Butadiene Market: Competitive Dashboard
14.2 Global Synthetic and Bio-based Butadiene Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Evonik Industries
14.3.3 Eni
14.3.4 Exxon Mobil
14.3.5 INEOS Group
14.3.6 LyondellBasell Industries
14.3.7 PCS
14.3.8 Repsol
14.3.9 Shell
14.3.10 SABIC
14.3.11 BASF
14.3.12 TPC Group
