Aug 10, 2021   SOURCE: BusinessWire

Global Butene-1 Market Outlook Report 2021-2026: Major Players are Exxon Mobil, Shell Chemical, SABIC, Mitsui Chemicals, Sumitomo Chemical - ResearchAndMarkets.com

The "Global Butene-1 Market Outlook to 2026" report has been added to ResearchAndMarkets.com's offering.

Global Butene-1 market is expected to witness a moderate growth rate during the forecast period. The market is likely to grow at a CAGR of around 4%.

The main factor driving the market is the high demand for polyethylene due to the numerous applications of plastics in our day-to-day activities. Butene-1 is used for the manufacturing of LDPE and HDPE. There are other polymers available, but the low cost of butene-1 gives the manufacturers an economic advantage.

However, polyethylene is non-biodegradable, and it pollutes the environment. In many countries, governments are taking stringent measures to reduce the use of plastics. This may hinder the growth of the market. Research and development are continuously going on to make biodegradable plastics, which can be a threat to the market. Still, its impact may not be evident soon because the feasibility and viability of the products should be considered. The ongoing Covid-19 pandemic has fueled the demand for PPE, which can be an opportunity for the market.

The Asia-Pacific region is likely to dominate the Butene-1 market in the forecast period owing to the increasing demand for polyethylene. The ease of availability of raw materials and low-cost manufacturing is a significant advantage and many industries are setting up their manufacturing bases in India or China.

The global Butene-1 market is partially fragmented. The major players in the global Butene-1 market are Exxon Mobil Corporation, Shell Chemical, SABIC, Mitsui Chemicals, Inc, Sumitomo Chemical, among others.

In November 2020, Axens announced that Arcanum Infrastructure, LLC and Axens NA Inc. successfully began ongoing operations and production of Butene-1 at Raven Butene-1, LLC, which is an asset, based on Axens AlphaButol technology located in Texas, USA.

Key Topics Covered:

1. Executive Summary

2. Research Scope and Methodology

2.1 Aim & Objective of the study

2.2 Market Definition

2.3 Study Information

2.4 General Study Assumptions

2.5 Research Phases

3. Market Analysis

3.1 Introduction

3.2 Market Dynamics

3.2.1 Drivers

3.2.2 Restraints

3.3 Market Trends & Developments

3.4 Market Opportunities

3.5 Feedstock Analysis

3.6 Regulatory Policies

3.7 Analysis of Covid-19 Impact

4. Industry Analysis

4.1 Supply Chain Analysis

4.2 Porter's Five Forces Analysis

5. Market Segmentation & Forecast

5.1 By Method of production

5.1.1 Butane dehydrogenation

5.1.2 Ethylene dimerization

5.1.3 Separation of crude C4

5.2 By Application

5.2.1 Butadiene

5.2.2 Maleic anhydride

5.2.3 Polyethylene

5.2.4 Secondary butyl alcohol/methyl ethyl ketone

5.2.5 Other Applications

6. Regional Market Analysis

6.1 North America

6.1.1 United States of America

6.1.2 Canada

6.1.3 Mexico

6.2 Europe

6.2.1 UK

6.2.2 Germany

6.2.3 France

6.2.4 Italy

6.2.5 Spain

6.2.6 Russia

6.2.7 Rest of Europe

6.3 Asia-Pacific

6.3.1 China

6.3.2 South Korea

6.3.3 Japan

6.3.4 India

6.3.5 ASEAN countries

6.3.6 Rest of Asia-Pacific

6.4 South America

6.4.1 Brazil

6.4.2 Argentina

6.4.3 Rest of South America

6.5 Middle East & Africa

6.5.1 Saudi Arabia

6.5.2 South Africa

6.5.3 Rest of Middle East & Africa

7. Key Company Profiles

7.1 Daelim Industrial

7.2 Exxon Mobil Corporation

7.3 Chevron Phillips Chemical Company

7.4 Bangkok Synthetics Co., Ltd

7.5 Evonik Industries

7.6 Jam Petrochemical Company

7.7 Mitsui Chemicals, Inc

7.8 LyondellBasell Industries

7.9 Lorestan Petrochemical Co.

7.10 SABIC

7.11 TPC Group

7.12 Shell Chemical

7.13 Praxair

7.14 Sumitomo Chemical

7.15 Tonen Chemical

7.16 The Idemitsu Kosan Company

8. Competitive Landscape

8.1 List of Notable Players in the Market

8.2 M&A, JV, and Agreements

8.3 Market Share Analysis

8.4 Strategies of Key Players

9. Conclusions and Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/7frh7l