Global Synthetic and Biobased Butadiene Market Size By Type, By Application, By Geographic Scope And Forecast
Synthetic and Bio-based Butadiene Market Size And Forecast
Synthetic and Bio-based Butadiene Market is growing at a fast pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2020 to 2027
Global Synthetic and Bio-based Butadiene Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
To reduce dependency on feedstock, butadiene is produced from bio-based sources such as non-food biomass. The growing automotive sector is fueling growth of synthetic and bio-based butadiene. Continuous growth of tyre and polymers in developing countries and non-availability of natural rubber is propelling the growth of Synthetic and Bio based Butadiene Market. Moreover, butadiene is used as monomer in resins, rubber, plastic and bio-butadiene is used as raw material for producing butadiene which in turn driving the market of bio butadiene. On the other side high prices of volatile raw material such as petrochemical derivatives and stringent government regulations to control usage of synthetic butadiene is expected to restrict synthesis and bio based butadiene market. Developing countries like India and china are expected to generate huge opportunities as stringent regulations by U.S EPA on hazardous chemical releases hampering the market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The Global Synthetic and Bio-based Butadiene Market is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
Global Synthetic and Bio-based Butadiene Market Competitive Landscape
The Global Synthetic and Bio-based Butadiene Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as BASF SE, Eni S.p.A, PCS, Royal Dutch Shell, TPC Group, Evonik Industries AG, INEOS Group, Exxon Mobil, LyondellBasell Industries, Repsol, SABIC and The Dow Chemical Company.
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