The Report “Europe Butadiene Market by Application (SBR, PBR, ABS, SB Latex, NR), & by Geography - Analysis and Forecast to 2019” is estimated to reach $5,412.9 million by 2019, at a CAGR of 4.4%from 2014 to 2019.
Browse through the TOC of the Europe Butadiene Market for an analysis of industry trends and segments, with the help of various tables and figures.
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Butadiene is a basic petrochemical that is mostly obtained as a by-product during manufacturing of ethylene and propylene. The butadiene market is experiencing a significant growth, which is attributed to the growing demand for its derivatives. Butadiene breaks down quickly in the atmosphere, though it is still found in the environment as it is constantly emitted from motor vehicles. The largest consumption of butadiene is in the production of styrene butadiene rubber (SBR), which is used in manufacturing automobile tires. SBR is also used in adhesives, sealants, coatings and rubber articles, for example shoe soles.
The European region is the third-largest market for butadiene in terms of consumption. Butadiene market witnessed fluctuation in recent years as it is used in highly cyclical applications. The economic downturn and a stagnant western economy in recent years affected both developed and developing countries, which resulted in lowered demand for industrial goods and services. As a consequence, the demand for butadiene also reduced significantly. However, consumption of butadiene is now growing steadily, with the European market for this petrochemical estimated to witness a CAGR of 4.4% in coming years.
The report covers the European butadiene market, which is segmented on the basis of application and geography. The applications include acrylonitrile butadiene styrene, adiponitrile, nitrile butadiene rubber (NBR), polybutadiene rubber (PBR), styrene butadiene rubber (SBR), and styrene-butadiene latexes.
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