Zion Market Research Global Butadiene Market, 2016-2024 | Page 3

Butadiene Market
regulations imposed by the government for the use of butadiene, and different acute &
chronic harms caused by its fumes may hinder the global market to some extent.
Global Butadiene Market: Segmentation
The global butadiene market is classified based on applications as adiponitrile, ABS, SBR,
NR, SB latex, PBR, and others. Of these, SBR is the leading segment in the global market
due to its high consumption from the manufacturers across the world, which is followed by
the polybutadiene. Geographic breakdown of the global market is given by North America,
Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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Global Butadiene Market: Regional Analysis
Asia-Pacific is the largest market for butadiene and its derivatives. Additionally, China is the
major consumer of the chemicals. Other developing countries such as India & China
contributed to high growth of the global market due to favorable investment policies by the
government in order to promote industrial growth, increase in population, and developing
economies. The U.S. contributed for the largest market share owing to high growth
opportunities in this region. Increasing demand for the butadiene derivatives is witnessed
from China as many manufacturing industries are integrated with the butadiene facilities.
This is expected to foster the global market growth in future. Hence, many market players
rely on the supply of butadiene from the domestic Chinese market. Changing preferences in
feedstock for manufacturing ethylene also drives the global butadiene market in this region.
Moreover, low operating rates of ethylene crackers as compared to butadiene especially in
the U.S may enhance the global market growth in the coming future. Hence, Chinese and
U.S. markets may emerge as attractive markets for many players globally.