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Global Synthetic and Bio-Based Butadiene Market Propelled by Extensive Rise in Automotive Industry

  • Date Submitted: 07/26/2016 06:54 AM
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Transparency Market
Butadiene Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2023

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Global Synthetic & Bio-based Butadiene Market is Likely to
Reach US$ 23.45 Bn in 2023 : TMR
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Butadiene Market

Butadiene Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
The global synthetic and bio-based butadiene market is deriving significant growth opportunities from the rapid
expansion of the automotive industry across the globe. In 2014, the global market stood at US$15.2 bn and
analysts anticipate it to expand at a CAGR of 4.9% from 2015 to 2023 and reach a value of US$23.4 bn by the
end of 2023.
Synthetic Butadiene Market to Maintain Dominance in Future
Synthetic butadiene and bio-based butadiene are the two major components of this global market. Among the
two, the synthetic butadiene market emerged as the biggest product segment in 2014. Synthetic butadiene is
processed to obtain several derivatives such as SB rubber, ABS, and SB latex, which are used in making tyre
and various other products in the automotive industries.
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The rapid development of the global automotive industry is expected to increase the demand for synthetic
butadiene in the near future owing to which the synthetic butadiene market is likely to maintain its leading
position in the coming years. On the other hand, analyst project the bio-based butadiene market to report the
fastest growth in the overall synthetic and bio-based butadiene market in future owing to government
initiatives, encouraging the usage of bio-based butadiene market....


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