Butadiene Market was valued US$ 16.5 Bn in 2017 and is estimated to reach US$ 25 Bn by 2026 at a CAGR of about 6 % during a forecast.
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Butadiene is one of the important industrial chemical used for the production of synthetic rubber and plastic. High demand from tire industry, growing demand from end-use industries, Improve functionality at lower cost is driving the butadiene market. Butadiene finds its application in manufacturing tires, hoses, gasket seals, fuel lines, and other parts of the vehicles. Rising demand for lightweight cars and electric vehicles, the demand for butadiene in automotive parts production, and is expected to expand the butadiene market. Butadiene production reduction due to shale oil discoveries and harmful carcinogenic nature, acute and chronic effect of butadiene has restrained the butadiene market.
Acrylonitrile butadiene styrene is used to manufacture lightweight electrical resistance products. Among butadiene derivatives, styrene butadiene rubber is leading segment in butadiene market by application type. Nitrile butadiene Rubber is used in aeronautical and automotive industries to manufacture oil handling hoses, sealants, and grommets. Poly butadiene rubber is used in the manufacture of tires that require high resistance.
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