What Are The Growth Factor Of Synthetic And Biobased Butadiene Market? In terms of revenue, the global synthetic and biobased butadiene market is projected to expand at a CAGR of 5.4% from 2018 to 2026, according to a new research report titled ‘Synthetic and Biobased Butadiene Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026’ published by Transparency Market Research (TMR). In terms of volume, the global synthetic and biobased butadiene market is expected to reach 18,628.2 kilo tons by 2026. The market is driven by the rise in demand for synthetic and biobased butadiene in automotive and rubber industries. The synthetic and biobased butadiene market in Asia Pacific is estimated to expand at a CAGR of 5.1% during the forecast period, owing to the growth of the automotive industry in the region. Based on product type, the synthetic segment held major share of the global synthetic and biobased butadiene market in 2017. Read More Report overview @ https://www.transparencymarketresearch.com/synthetic-and-bio-based-butadiene-market.html Rise in Demand for Synthetic Product Type in Synthetic and Biobased Butadiene Market Based on product type, the synthetic and biobased butadiene market has been bifurcated into synthetic and biobased. Synthetic and biobased butadiene are used as key raw materials in the manufacture of styrene butadiene rubber (SBR), poly butadiene rubber (PBR), styrene butadiene (SB) latex, etc. The synthetic segment held significant share of the market in 2017. The segment is estimated to maintain its leading position during the forecast period. Synthetic butadiene is produced with C4 feedstock mixtures. Synthetic butadiene can be employed to generate acrylonitrile butadiene styrene (ABS) and other derivatives. High Use of PBR and SBR in Automotive & Rubber Industries to Propel Synthetic and Biobased Butadiene Market Butadiene is largely consumed in rubber applications. It is primarily used as chemical intermediate and monomer to produce polymers such as elastomers including SBR, PBR, and NBR (nitrile butadiene rubber). Synthetic and biobased butadiene are key components used in the manufacture of SBR, PBR, SB latex, ABS, and adiponitrile. The others segment includes NBR and synthetic styrene butadiene rubber (SSBR). SBR and PBR are widely employed in automotive and rubber industries. ABS is majorly used in automation system as well as in lightweight vehicles. On the other hand, PBR and SBR are the key components used in tire manufacturing. Additionally, rise in demand for gloves, foams, plastic materials, automotive tires, paper coatings, and carpets is anticipated to propel the market in the near future. Request A Sample – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=493
Rise in Trend of Adopting Biobased Butadiene in Various Industries Production and demand for biobased butadiene are expected to increase significantly during the forecast period. Production of biobased butadiene is not only anticipated to lower the dependency on crude oil, but also make the butadiene market more cost competitive. Various countries are aligning their operations with eco-friendly initiatives, which include minimizing the consumption of crude oils and their by-products. Rise in demand for green tires and eco-friendly products due to environmental concerns plays a major role in driving the demand for biobased butadiene. Asia Pacific Estimated to Dominate Global Synthetic and Biobased Butadiene Market