According to the ChemAnalyst report, “USA Butadiene Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032”, The Butadiene market is likely to experience a significant increase by reaching 4000 thousand tonnes in 2032, at a steady CAGR of 4.76% in the upcoming years. The demand for Butadiene is anticipated to grow in the forthcoming years because of the rising demand from end-use industries such as Styrene Butadiene Rubber, Poly Butadiene Rubber, Acrylonitrile Butadiene Styrene, and Others.
Butadiene, also known as 1,3-butadiene, is a colourless gas that can be generated by dehydrating butanes or by cracking petroleum derivatives, Such as distillates at high temperatures. In the presence of a catalyst, butadiene transforms into a stretchable elastic and exhibits characteristics similar to rubber. Styrene Butadiene Rubber, Poly Butadiene Rubber, and Acrylonitrile Butadiene Styrene are just a few of the rubber and plastics that may be made using butadiene. It has a high degree of flexibility and is heat and electrical resistant. Butadiene is used in a variety of products, including rubberized insulators, conveyer belts, tennis balls, industrial components, car tyres, shoe soles, and much more.
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The market in the USA is primarily being driven by the need for butadiene in the production of chemical derivatives and elastomers. These elastomers include Styrene Butadiene Rubber (SBR), Poly Butadiene Rubber and Acrylonitrile Butadiene Styrene. Styrene Butadiene Rubber is highly functional synthetic rubber used mainly for tyres and industrial products. Increase in demand from the tyre industry is major driving factors propelling the market growth Moreover, the demand of Acrylonitrile Butadiene to manufacture components of automobile to produce light-weight vehicles is anticipated to further propel the demand of Butadiene in the forecast period. Since USA is the one of the biggest economies in the world, in the upcoming years, the demand of vehicles is bound to increase, anticipated to swell up the demand of butadiene in the forecast period. Additionally, the growing demand for green tyres made from butadiene monomers obtained from bio-based resources, has a huge potential in future.
The Butadiene market is segmented based on end-use, sales channel, and region. Based on end-uses, the Butadiene market is segregated into industries such as Styrene Butadiene Rubber, Poly Butadiene Rubber, Acrylonitrile Butadiene Styrene, and Others. Among these, The Styrene Butadiene Rubber segment is the dominating the market is anticipated to maintain its dominance over the forecast period. With the rising demand of Styrene Butadiene Rubber for applications in automobile sector for making tyres of Heavy Commercial Vehicles (HCVs), passenger cars, conveyor belts, along with other uses such as shoe soles and molded good, the Butadiene market will most likely expand in the forecast period.
Based on demand by region, the USA Butadiene market is divided into West, Midwest, Northeast, Southwest, and Southeast. Among these regions, Southeast and Southwest are dominating the USA market. It is due to the presence of top synthetic butadiene rubber manufacturing factories located in these regions. The majority of the butadiene production in the country occurs in Texas, USA.
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“USA Butadiene Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032”, the significant players functional in the Butadiene market include USA Butadiene are TPC Group, The BASF, TOTAL Petrochemicals LLC, Lyondell Basell, Royal Dutch Shell, ExxonMobil Corporation, Ineos Olefins & Polymers, and others.
“The rapidly increasing demand of Butadiene as a feedstock to manufacture commercially significant polymers such as Styrene Butadiene Rubber (SBR), Poly Butadiene Rubber, and Acrylonitrile Butadiene Styrene (ABS) is driving the global Butadiene market. SBR is a synthetic rubber that possess properties like high resistance to organic solvents, oils, and fuel in, high slip-resistance and resistance to abrasion and widely used in various industries such as the automotive industry as a replacement to natural rubber to manufacture tyres. The automobile sector has a substantial impact on the demand for synthetic rubbers, which in turn has an impact on the butadiene market. Furthermore, the application of ABS to replace bulky metal parts with light-weight automotive components also contributes finely to the Butadiene market in USA. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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