Butadiene Procurement Research – Market Trends and Spend Analysis by SpendEdge

LONDON–(BUSINESS WIRE)–#butadiene–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Butadiene
Market Procurement Research Report.’ The insights and data in
this report provide a strategic analysis of the supply markets, factors
influencing purchasing decisions, procurement best practices, pricing
models, supplier landscape, and an analysis of the supplier capability
matrix for the chemicals
industry. This report breaks down the data and analysis behind
the procurement of butadiene and acts as an all-inclusive guide for
making smart purchasing decisions.

“The demand growth for butadiene from emerging markets such as APAC
and MEA is expected to be the highest during the forecast period,” says
SpendEdge procurement analyst A Kowshik. “Also, the global demand for
bio-butadiene is expected to increase over the forecast period owing to
the growing focus on the use of renewable raw materials by suppliers,”
added Kowshik.

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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global
Butadiene Market:

• Increased focus on production of bio-butadiene by suppliers
• Growing capacity additions for butadiene in Europe leading to higher
  exports
• The rise in R&D initiatives for development of new product formulations

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Increased focus on production of bio-butadiene by suppliers:

Globally, there is a rise in the popularity of bio-rubbers made from
bio-butadiene. This has prompted several suppliers in the industry to
invest in technologies for the production of bio-butadiene. The
suppliers that are expanding their bio-butadiene production capacities
include Versalis and Synthos. Leading tire manufacturers are also
focusing on higher fuel economy standards and are partnering with
leading suppliers for biomass-to-butadiene processing. This offers many
benefits for the buyers including the increase in production capacities
of bio-butadiene.

Growing capacity additions for butadiene in Europe leading to higher
exports:

Significant capacity additions for the production of butadiene in
countries such as Austria, Belgium, and Germany are expected to increase
the surplus of butadiene in the region. The export of butadiene from
Europe will significantly increase due to the growing demand and supply
shortages in APAC and North America. Such capacity additions enable
buyers to benefit from cost-effective butadiene products from the region.

The rise in R&D initiatives for development of new product
formulations:

Leading suppliers in this market space are increasing their R&D spend to
develop new formulations with enhanced reactivity and performance. The
R&D activities are aimed at developing products that can cater to
industry-specific requirements. Moreover, there is an increase in the
focus of suppliers in exploring opportunities for bio-based butadiene;
this is expected to result in innovative butadiene product offerings
during the forecast period.

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SpendEdge shares your passion for driving sourcing and procurement
excellence. We are a preferred procurement market intelligence partner
for Fortune 500 firms and other leading companies across numerous
industries. Our strength lies in delivering robust, real-time
procurement market intelligence that helps sourcing and procurement
professionals make informed decisions. These innovative procurement
solutions help enterprises transform structural capabilities, improve
execution efficiency, and fast-track time to savings.

Contacts

SpendEdge
Anirban Choudhury
Marketing Consultant
US: +1
630 984 7340
[email protected]