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Demand within the Asia-Pacific butadiene (the chemical required to manufacture synthetic rubber) market is expected to climb from 5,396 thousand tons in 2011 to 8,411 thousand tons in 2020, increasing at a compound annual growth rate (CAGR) of 5.1%.
Asia's weakened demand for synthetic rubbers, commonly used in tire production, is expected to recover following this year's drop in car production. Hunger for synthetic rubbers (polybutadiene and styrene butadiene rubber (SBR) has been damaged due to falling car manufacturing levels, but, as Asian economies such as China and India regain momentum, the need for synthetic rubber will return.
The Asia-Pacific region is the world's fastest growing butadiene consumer, holding a share of close to 45.6% in global butadiene demand. During 2009-2020, butadiene demand is likely to be fuelled by the rapidly growing economies of China and India.
Asia has the highest butadiene demand in the world due to industrial expansion and a strong emphasis on manufacturing. Butadiene production in Asia-Pacific stood at 5,594 thousand tons in 2011 and is forecast to climb at a CAGR of 4.4%, reaching 7,946 thousand tons in 2020.
Butadiene finds its largest application in the production of styrene butadiene rubber (SBR) and polybutadiene rubber which are used to manufacture automobile tires.
China maintains the greatest butadiene demand in the region, representing 39% of the total amount - a figure predicted to climb higher still to 46% by the end of the decade. However, acrylonitrile butadiene styrene (ABS) is expected to become the number one end-use portion in the Chinese butadiene industry, overtaking the polybutadiene and SBR segments in 2014.
For more information on the Asia-Pacific butadiene market, see the latest research: Asia-Pacific Butadiene Market
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