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Synthetic & Bio-based Butadiene Market Size
- Report ID: GMI1595
- Published Date: Apr 2023
- Report Format: PDF
Synthetic & Bio-based Butadiene Market Size
Synthetic & Bio-based Butadiene Market size accounted for USD 22 billion in 2022 and is poised to depict more than 5% CAGR between 2023 and 2032 owing to the high product demand from the automotive sector.
The automotive sector is the top end-user of butadiene rubber. Though the sector has witnessed ups and downs over the past decade, in recent years it has gained momentum, resulting in an exponential output in countries such as China, Brazil, and Germany. This growth in the automobile sector is anticipated to generate demand for synthetic butadiene-based automotive-related products, including raw materials for body components, such as tires, or other accessories, thereby encouraging the overall industry growth through 2032. In addition, a surge in EV tire sales across Europe, particularly from the replacement segment, is expected to stimulate market expansion.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Synthetic & Bio-based Butadiene Market Size in 2022: | USD 22 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5.4% |
| 2032 Value Projection: | USD 37 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 160 |
| Tables, Charts & Figures: | 185 |
| Segments covered: | Product, Application, and Region. |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Synthetic & Bio-based Butadiene Market Scope
