Menu ×

CHEMICALS AND ADVANCED MATERIALSDISCOUNT VALID TILL 31st-JANUARY , 2022

Butadiene Extraction Market Segmentation by Process (Catalytic Dehydrogenation, Aqueous NMP, Houdry Catadiene, and Others); by Application (Thermoplastics, Synthetic Rubber, Adhesive and Sealants, Resin, and Others); and by End-User (Automotive, Construction, Textile, Paper and Plastics, and Others) – Global Demand Analysis & Opportunity Outlook 2031

  • Text Size:

Extensive insights into the Growth of Butadiene Extraction Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

IN THE NEWS

  • November, 2021: Asahi Kasei Corporation to produce sustainable solution-polymerized styrene-butadiene rubber (S-SBR) using the sustainable butadiene.

  • October, 2021: Shell Oil Products US announced the acquisition of Texas Petroleum Group, LLC, to grow the company-owned retail sites in the U.S.

Global Butadiene Extraction Market Highlights over 2022 – 2031

The global butadiene extraction market is estimated to grow at a significant CAGR over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the increasing use of butadiene for making synthetic rubber, and thermoplastics. Butadiene is a highly flammable gas, which is extracted from heavier hydrocarbons. The growing demand for butadiene amongst various sectors, especially automotive sector, is estimated to primarily boost the market growth. Butadiene is used to make tires for vehicles, along with its extensive use as adhesive in automobiles. Such factors are estimated to raise the demand for butadiene extraction. Moreover, growing production and sales of automobiles, across the globe, is further anticipated to promote the market growth. According to the data by the International Energy Agency (IEA), in 2019, the total car sales reached 25 million cars in China, 17 million in United States, 4 million in India, 17 million in European Union, 4 million in Japan, and 21 million in the rest of the world.  

Butadiene Extraction Market

The market is segmented by process into catalytic dehydrogenation, aqueous NMP, Houdry catadiene, and others, out of which, the Houdry catadiene segment is anticipated to hold the notable share in the global butadiene extraction market over the forecast period. Houdry catadiene is one of the most common extraction process, owing to its high commercial viability. This process includes catalytic oxy-dehydrogenation of n-butene to butadiene using aluminum silicate catalysts. The low cost and high production scale of Houdry catadiene is estimated to boost the segment growth.  CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Chemicals (% of Value Added in Manufacturing) – 2016-2018

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Butadiene Extraction Market Regional Synopsis

On the basis of geographical analysis, the global butadiene extraction market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is estimated to witness noteworthy growth over the forecast period on the back of increasing demand of butadiene in the automotive industry. Presence of major automobile manufacturers in the region, is also anticipated to boost the market growth.

The market in the Asia Pacific region is anticipated to gain the largest market share throughout the forecast period on the back of presence of major chemical manufacturing companies, backed by availability of cheap labor and raw materials in the developing countries. Meanwhile, increasing domestic consumption of chemicals in the region, is also estimated to boost the market growth. For instance, China is the largest manufacturer and consumer of chemicals, with more than 25,000 large scale chemical companies in the country.

Butadiene Extraction Market Share

The global butadiene extraction market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global butadiene extraction market includes the following segments:

By Process

  • Catalytic Dehydrogenation
  • Aqueous NMP
  • Houdry Catadiene 
  • Others

By Application

  • Thermoplastics
  • Synthetic Rubber
  • Adhesive and Sealants
  • Resin
  • Others

By End-User

  • Automotive
  • Construction
  • Textile
  • Paper and Plastics
  • Others

Growth Drivers

  • Increasing Demand for Synthetic Rubber
  • Growing Application in Automotive Sector

Challenges

  • High Risk of Accidents Involved with Extraction Process

Top Featured Companies Dominating the Market

  • BASF SE
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Reliance Industries Limited
  • Qatar Petroleum
  • ZEON Corporation
  • TPC Group Inc.
  • Indian Oil Corporation Limited
  • Evonik Industries AG
  • Royal Dutch Shell plc
  • Asahi Kasei Corporation
  • Shell Oil Products US

FREQUENTLY ASKED QUESTIONS


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2021 Research Nester. All Rights Reserved