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Synthetic & Bio-based Butadiene Market Share

Report ID: GMI1595
Published Date: Apr 2023
Report Format: PDF

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Synthetic & Bio-based Butadiene Market Share

BASF SE
Eni S.p.A,
Evonik Industries
ExxonMobil Corporation
INEOS Styrolution Group GmbH
Lyondellbasell Industries, Inc,
Royal Dutch Shell
SABIC
TPC Group

are some of the major players operating in the synthetic & bio-based butadiene market. These firms are rapidly changing the industry landscape by investing in expansion strategies. To cite an instance, in January 2023, BASF announced an increase in polymer dispersions capacity at its Merak, Indonesia, manufacturing plant. The development is in line with the growing need for high-quality packaging in ASEAN, which is home to major paper and board makers.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of synthetic & bio-based butadiene valued at USD 22 billion in 2022 and is slated to grow at over 5% CAGR between 2023 and 2032 driven by the growing product demand from the automotive sector.

The SB latex segment is expected to reach USD 3.5 billion by 2032 owing to the rising product application in the paper coating sector.

Asia Pacific market size for synthetic and bio-based butadiene is set to generate USD 23.5 billion by 2032 due to the rising product demand from the expanding automotive, footwear, and construction sectors

BASF SE, Eni S.p.A, Evonik Industries, ExxonMobil Corporation, INEOS Styrolution Group GmbH, Lyondellbasell Industries, Inc, Royal Dutch Shell, SABIC, and TPC Group are some of the top firms engaged in the synthetic & bio-based butadiene business.