S&P Global has announced the acquisition of two flagship conferences on the energy sector from the Singapore-based Conference Connection.
DYNASOL Group has announced that it has installed a brand-new styrene-butadiene rubber (SSBR) production line in Santander, Spain.
Author Credits: Smruti Ranjan, Rajrani Baghel
Report ID: 447
Published Date: Feb 13, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Rapid expansion of automotive sector, rising disposable income along with surge in exports of butadiene rubber worldwide are the major factors driving the growth of the 1 3 butadiene market.
The market is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2023-2033.
Availability of renewable substitutes for the product and high price of raw material are the challenges affecting the market growth.
The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
The major players in the market are BASF S.E., Braskem S.A, Exxon Mobil Chemical Company, S&P Global Inc., Lyondell Basell Industry N.V., Royal Dutch Shell PLC., DYNASOL Group, TPC Group Incorporation, Nizhnekamskneftekhim O.A.O, Lanxess A.G.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, product, end user and, by region.
The styrene butadiene rubber segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.