Butadiene Market trends research and projections for 2019-2025 Butadiene Market | Page 2

North America led by Mexico, Canada and the U.S. butadiene market size is projected
to witness substantial gains by 2025. Butadiene offers flexibility in integrating
components while being economical in nature. The product is also used for producing
tires owing to wear resistant properties. Growing regional automotive industry owing
to increased spending and easy vehicle financing is likely to favour industry growth.
Asia Pacific market led by Australia, South Korea, Japan, India and China butadiene
market size may fuel owing to increasing plastic demand in the region. The products
including styrene butadiene rubber and polybutadiene rubber are used in plastic
manufacturing process. Increasing polymer utilization for packaging and storage
purposes will fortify butadiene demand.
Global butadiene market share is moderately fragmented with major players includes
BASF SE, China Petroleum and Chemical Corporation, Haldia Petrochemicals Ltd,
Exxon Mobil Corporation, Royal Dutch Shell, Reliance Industries Limited, TPC Group
and Evonik Industries AG. Manufacturers are focusing on expansion by implementing
strategic alliance, joint ventures and mergers & acquisitions due to growing product
applications in tire & rubber, plastic, electricals, and textile industry which may
stimulate market size.
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