Stratview Research published a new report on the “Synthetic & Bio-based Butadiene Market” that offers detailed segmentation of the market based on Product Type, Application Type, and Region.
According to the report, the Synthetic & Bio-based Butadiene Market is likely to witness an impressive CAGR of 5.0% during the forecast period. Rapid growth in the tire and automotive industries globally, leading to increased product demand in automotive-related industries including raw materials for tires, body parts, and other accessories is the key factor expected to fuel the growth of the market during the forecast period.
The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment but also help in rearranging the strategies and future- decisions in a fruitful manner.
Covid Impact –
The Corona Virus Pandemic has caused significant losses in nearly every industry all over the world. The pandemic has had a rapid impact on the global economy, affecting the market's manufacturing, demand, and distribution network. The Synthetic & Bio-based Butadiene Market has also been influenced by the unprecedented COVID-19 outbreak. The market analysts have thoroughly examined the market and gathered insightful data related to covid impact such as before and after market size, regional impact, financial losses, organic and inorganic growth factors, etc.
Leading players in the market -
To build a successful business, it is vital to understanding the market - both the customers and the competitors. The report published consists of a list of key players active in the Synthetic & Bio-based Butadiene Market, which is given below -
Based on the product type, the market is segmented as synthetic butadiene and bio-based butadiene. Synthetic butadiene held the largest share of the market in the past few years but due to increasing stringent rules and regulations imposed by the government to use bio-based products in the current scenario, bio-based butadiene is expected to witness significant growth in the market during the forecast period.
Based on the application type, the market is segmented as SB rubber, butadiene rubber, SB latex, ABS, adiponitrile, and others. Butadiene rubber is estimated to account for the major share of the market during the forecast period on account of its capability of offering various added benefits such as better grip and low rolling resistance making it more preferable in the automotive industry. On the other hand, SB latex is estimated to witness significant growth in the market owing to its wide utilization in building and construction activities.
In terms of regions, Asia-Pacific is estimated to be the leading region of the market during the forecast period on account of increasing disposable income of consumer with the growing population and China being the growth engine of the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
The research report aims to help the users learn about their market size and potential to connect with customers. This report answers to the following questions:
- How big is the potential Synthetic & Bio-based Butadiene Market?
- Will this market grow or shrink in the future?
- Who are our top competitors or key players?
- What market share do the competitors own?
- How Covid19 has affected the market?
- How long will it take to recover from the Covid-impact?
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