Crude Butadiene Market, By Application (Styrene Butadiene Rubber (SBR), Polybutadiene Rubber (PBR), Acrylonitrile Butadiene Styrene Resins (ABS), Styrene Butadiene Latex (SB Latex), & Geography - Forecast to 2022
The global Crude Butadiene market is estimated to grow at a CAGR of XX% in terms of value from 2017 to 2022. In terms of volume the market recorded a consumption of XX.X KT in 2016 and is expected to reach XX.X KT by 2022 growing at a CAGR of X.X% in between 2017 to 2022. Asia-Pacific recorded the highest consumption of crude butadiene in 2016 and will continue to follow similar trend due to robust growth in the Asia-Pacific region and increased demand of crude butadiene from rubber for various applications.
The market has been segmented on basis of applications such as Styrene Butadiene Rubber (SBR), Polybutadiene Rubber (PBR), Acrylonitrile Butadiene Styrene Resins (ABS), Styrene Butadiene Latex (SB Latex). Styrene Butadiene Rubber (SBR) segment held the largest share in 2016, followed by polybutadiene manufacturers with latter being the fastest growing end use segment in overall market.
Crude Butadiene market scenario has changed significantly in the past, which is majorly due to a significant shift in feedstock for manufacturing ethylene. In 2006, about 39.5% of the feedstock being fed to ethylene crackers was light, and this number reached around 48.0% by the end on 2012. This reduced the operating rates of ethylene crackers with respect to butadiene, especially in U.S. So, budding demand for butadiene in the country and low operating rates may create a significant demand production gap in the country. So, the Chinese and U.S. markets may turn out to be attractive markets for various market players which can be capitalized by capacity expansions and plant integration.
In terms of market activities, Nizhnekamskneftekhim OAO (Russia) was the most active player from 2010 to 2013 with the highest share in the total development activities. The company took various efforts to improve its production through expansion activities and various collaborations. Subsequently, LANXESS AG and Braskem S.A. were the other active players to get into agreements and focus on expansions to obtain a wide presence.
An in-depth market share analysis, in terms of revenue, of the top companies is also included in the report. These numbers are arrived at based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts and key opinion leaders such as CEOs, directors, and marketing executives. A detailed market share analysis of the leading players in the global crude butadiene market has been covered in this report. The key companies in this market include Royal Dutch Shell Plc. (The Netherlands), LyondellBasell Industries N.V. (The Netherlands), TPC Group Inc. (US), Sinopec (China), BASF SE (Germany), ExxonMobil Chemical Company (US), Braskem S.A. (Brazil), ENI S.p.A (Italy), and others.
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