C4 Olefins (Crude C4) Market - Forecast(2021 - 2026)

 

C4 Olefins Market Overview

The Global C4 Olefins (Crude C4) Market size is forecast to reach around $5 billion by 2025, after growing at a CAGR of 6% during 2020-2025. C4 Olefins (Crude C4) products produced from ethylene cracking in petrochemical plants and fluid catalytic cracking in refineries. The stringent government regulations, increasing investment in the petrochemical sector, and growing adoption of C4 Olefins (Crude C4) in rubber industry are driving the market growth. Moreover, the growing uses of C4 Olefins (Crude C4) stream as a feedstock for the production of specialty chemicals is also driving the growth of global C4 Olefins (Crude C4) market size over the study period. Besides, the surging demand for Plasticized PVC is also contributing to the growth of C4 Olefins (Crude C4) market share worldwide during the forecast period.


Report Coverage

The report: “Global C4 Olefins (Crude C4) Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Global C4 Olefins (Crude C4) Industry. 
By Type: Butadiene, Isobutylene, Butene, Raffinates and Mixtures, and Others
By Application: Synthetic Rubber Manufacture (Styrene-Butadiene Rubber (SBR), Acrylonitrile-Butadiene-Styrene (ABS), Polybutadiene Rubber (PBR), Nitrile-Butadiene rubber (NBR), Others), Polymer Manufacture (Polyethylene, Polypropylene, Polybutene, and Others), Chemical Intermediaries, Manufacture of fragrance and Perfumes, Coating additive, and Others
By End-Use Industry: Automobile, Paper industry, Chemical, Cosmetic and Personal Care, Oil and Gas, Healthcare/Medical, Food and Beverages, and Others 
By Geography: North America, South America, Europe, APAC, and RoW


Key Takeaways

  • In North America region, in 2019, the USA and Canada are the major market for the C4 Olefins (Crude C4) owing to the developed petrochemical sector. 
  • The outbreak of COVID-19 is hampering the growth of this market globally due to supply chain disruption, fluctuating crude oil prices, and declining demand from end-use industry.
  • Growing population and rapid industrialization in both developed and emerging markets has gained traction.


Type - Segment Analysis

Butadiene segment held the largest share of more than 35% in 2019 and is projected to witness a significant growth in the global C4 Olefins (Crude C4) market during the forecast period. This growth is attributed to its wide use on a large scale in pharmaceutical and cosmetic industry. Furthermore, surging uses of Butadiene in formulations of Styrene Butadiene or Styrene Butadiene Rubber (SBR) and Polybutadiene owing to growing uses in telephones and computer casings is also contributing to the growth of this segment over the forecast period, which in turn drives the growth of this market.


Application - Segment Analysis

Synthetic Rubber Manufacture held the largest share of more than 35% in 2019 and is projected to grow at a substantial rate during the forecast period. This growth is attributed to the growing uses of butadiene is a key raw material for the production of tires and hoses drives the growth of this segment, which in turn propels this market growth. Furthermore, the surging uses of SBR rubber products in automobiles is also contributing to the growth of this segment over the forecast period, which in turn drives the growth of this market. 
Location: United States

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