Butadiene Extraction Market Share

On the basis of geographical analysis, the global butadiene extraction market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America industry is predicted to hold largest revenue share by 2036, driven by increasing demand of butadiene in the automotive industry. Presence of major automobile manufacturers in the region, is also anticipated to boost the market growth.

The market in the Asia Pacific region is anticipated to gain the largest market share throughout the forecast period on the back of presence of major chemical manufacturing companies, backed by availability of cheap labor and raw materials in the developing countries. Meanwhile, increasing domestic consumption of chemicals in the region, is also estimated to boost the market growth. For instance, China is the largest manufacturer and consumer of chemicals, with more than 25,000 large scale chemical companies in the country.