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.
Select Competitors (Total 42 Featured):
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.
Select Competitors (Total 42 Featured):
- 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.
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
III. MARKET ANALYSIS
IV. COMPETITION
II. EXECUTIVE SUMMARY
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 42
Note: Product cover images may vary from those shown
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