Synthetic & Bio-based Butadiene - Global Market Trajectory & Analytics

Global Synthetic and Bio-based Butadiene Market to Reach $23.3 Billion by 2027

Amid the COVID-19 crisis, the global market for Synthetic and Bio-based Butadiene estimated at US$18.4 Billion in the year 2020, is projected to reach a revised size of US$23.3 Billion by 2027, growing at a CAGR of 3.5% over the period 2020-2027. Synthetic, one of the segments analyzed in the report, is projected to record 2.6% CAGR and reach US$19.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Bio-based segment is readjusted to a revised 10.3% CAGR for the next 7-year period.

The U. S. Market is Estimated at $5 Billion, While China is Forecast to Grow at 6.4% CAGR

The Synthetic and Bio-based Butadiene market in the U. S. is estimated at US$5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.9 Billion by the year 2027 trailing a CAGR of 6.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR. We bring years of research experience to this 6th edition of our report. The 285-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

• BASF SE
• DowDupont Inc.
• Eni SpA
• Evonik Industries AG
• Exxon Mobil Corporation
• INEOS Group
• LyondellBasell Industries NV
• Nizhnekamskneftekhim
• Repsol SA
• Royal Dutch Shell PLC
• SABIC (Saudi Basic Industries Corporation)
• TPC Group
• Yeochun NCC Co., Ltd.