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Butadiene Market In Asia Pacific To 2020 - Asia Pacific Rubber Industry Drives The Global Demand
Butadiene Market In Asia Pacific To 2020 - Asia Pacific Rubber Industry Drives The Global Demand
The Asia-Pacific Butadiene Demand is Expected to Grow Strongly in the Forecast Period
London,
London,
United Kingdom
(prbd.net)
19/01/2011
The effect of global economic slowdown had slightly impacted butadiene demand in the Asia-Pacific region. This is mostly because the global automobile industry suffered a setback. However, as the economies recover from the recession, the exports of industrial products from the countries of Asia-Pacific will also grow. This gives rise to the growth in butadiene demand in the region. Asia-Pacific is currently a net importer of butadiene and the trend is expected to continue in the forecast period. The Asia-Pacific butadiene demand is expected to grow at Compounded Annual Growth Rate (CAGR) of 5.5% from 2009 to 2020.
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Chinese butadiene demand has grown at rate due to the rapid growth in its manufacturing industry and automobile market. China is the fastest growing economy in the world and its manufacturing industry is emerging as one of the biggest in the world. The export market of the country for rubber products has also grown rapidly. The country’s butadiene demand is expected to grow at the world’s highest CAGR of around 8% in the forecast period. Korea is the second largest consumer and holds a share of 25.8% in the region’s butadiene demand. Japan stands third in butadiene consumption with a demand share of 19.6% in Asia-Pacific. Taiwan holds a share of 12.8% in the region’s butadiene demand. India accounts for a share of 3% while Thailand accounts for a share of 2.8% of the Asia-Pacific butadiene demand.
The largest use of butadiene is in the production of Styrene Butadiene Rubber (SBR) which is used to manufacture automobile tires. SBR is also used in adhesives, sealants, coatings and some other rubber articles such as shoe soles. Butadiene is also used to make Butadiene Rubber (BR) and polymerized to polybutadiene rubber. SBR accounts for a 30.1% share of the Asia-Pacific’s butadiene demand and polybutadiene accounts for a share of 28.1%. Other polymers made from butadiene include Styrene-Butadiene (SB) copolymer latex, which is used in paper coatings, carpet back coatings, foam mattresses and adhesives. Styrene butadiene latex accounts for 12% of the Asia-Pacific butadiene demand.
GBI Research’s report, “Butadiene Market In Asia Pacific To 2020 - Asia Pacific Rubber Industry Drives The Global Demand”, provides an in-depth analysis of the Asia-Pacific butadiene industry. The research presents detailed analysis and forecasts of the major economic and market trends affecting the butadiene markets in Asia-Pacific. The report contains demand, production analysis and forecasts, drivers and restraints, end use analysis and forecasts, and market share analysis of the major producers in the major regions of the world. In addition, it includes demand and production forecasts for the major countries in all geographies in America. The report also contains the historic and forecast price trends for the major countries. Overall, the report presents a comprehensive analysis of the Asia-Pacific butadiene market covering all the major parameters.
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