Synthetic & Bio-Based Butadiene Market Size Was Fragmented In 2016 With Major Industry Share Contributors Accounting for Less Than 30% Of the Overall Share

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Synthetic Bio-based Butadiene Market size was
more than USD 16.5 billion in from 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Synthetic Bio-based
Butadiene Market

• Escalating tire and automotive industry across
  the globe is the major factor which is likely to
  stimulate the synthetic bio-based butadiene
  market size by 2024.
• The rise in automotive industry is expected to
  drive product demand in automotive related
  industries including raw material for body parts,
  tires and other accessories which will
  subsequently boost synthetic bio-based
  butadiene market size by 2024.
• SB rubber (E-SBR and S-SBR) and butadiene rubber
  are the major raw materials used in the
  production of tires across automotive industry as
  they possess various advantages including better
  grip and low rolling resistance which provides
  improved fuel economy and reduced carbon dioxide
  emissions.

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Continued...

• Synthetic led the overall industry by capturing a
  major chunk of the synthetic bio-based
  butadiene market size in 2016.
• In terms of revenue, the synthetic butadiene
  market was valued at over USD 15 billion in 2016
  and is expected to reach USD 20 billion in 2024,
  attaining a CAGR of over 4 during the forecast
  period.
• Synthetic butadiene is highly volatile and
  exhibit lower water solubility and therefore has
  the tendency to evaporate easily, which is likely
  to pose serious threat to environment and human.

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Continued...

• Asia Pacific led the overall synthetic
  bio-based butadiene market size and accounted for
  a major chunk of the total market size in 2016,
  as key automobile manufacturers are based in
  China which drives the product demand in the
  region.
• China is inclined towards plastic use for
  manufacturing automotive parts to reduce the
  overall weight of the car and improve fuel
  efficiency.
• Key companies in the business are BASF SE, Eni
  S.p.A, Evonik Industries AG, Exxon Mobil, INEOS
  Group, LyondellBasell Industries N.V., Royal
  Dutch Shell Plc, The Dow Chemical Company, PCS,
  Repsol, SABIC, TPC Group and Yeochun NCC.
• Synthetic bio-based butadiene market has
  applications across various end-user industries
  including automotive, construction, etc., as it
  possesses various advantages including high
  impact and chemical resistance, toughness, heat
  stability, rigidity, and ease of processing.
  Thus, increasing automotive industry across the
  globe will positively influence the synthetic
  bio-based butadiene market size during the
  forecast period.

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U.S. Synthetic Bio-Based Butadiene Market size,
by application, 2014 - 2024 (USD Billion)

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