India Butadiene Market Competition 2023
India Butadiene market currently, in 2023, has witnessed an HHI of 1295, Which has decreased slightly as compared to the HHI of 2349 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
India Export Potential Assessment For Butadiene Market (Values in USD Thousand)
India Butadiene Market Synopsis
The India butadiene market is projected to register a CAGR of 4.6% during the forecast period (2023- 2029). The growing demand from the automotive sector, coupled with government initiatives for the development of the tire and rubber industry, are some of factors driving market growth in India.
Market Drivers
Increasing Demand from End-Use Industries: Butadiene is used as a raw material in producing synthetic rubbers such as styrene butadiene rubber (SBR), nitrile butadiene rubber (NBR), polybutadiene rubber (PBR) and ethylene propylene diene monomer (EPDM). These synthetic rubbers have several end-use applications, including tires & tubes, automotive components and non-tire industrial rubber goods. Therefore, increasing demand from these end-use industries is expected to drive market growth over the forecast period.
Challenges of the Market
High Volatility in Prices??? Since prices of raw materials associated with production process are very volatile it makes planning difficult since businesses cannot anticipate future costs accurately resulting into higher risks operations affecting profitability margins adversely making it challenging factor restraining growth potentials in India Butadiene market during near future time frame.
Key Players in the Market
Major players operating in India Butadinene market include Reliance Industries Ltd., ExxonMobil Corporation, Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) , Hindustan Petroleum Corporation Limited (HPCL), Bharat Petroleum Corporation Limited(BPCL) etc
Key Highlights of the Report:
- India Butadiene Market Outlook
- Market Size of India Butadiene Market, 2020
- Forecast of India Butadiene Market, 2027
- Historical Data and Forecast of India Butadiene Revenues & Volume for the Period 2023 - 2027
- India Butadiene Market Trend Evolution
- India Butadiene Market Drivers and Challenges
- India Butadiene Price Trends
- India Butadiene Porter's Five Forces
- India Butadiene Industry Life Cycle
- Historical Data and Forecast of India Butadiene Market Revenues & Volume By Application Type for the Period 2023 - 2027
- Historical Data and Forecast of India Butadiene Market Revenues & Volume By Butadiene Rubber for the Period 2023 - 2027
- Historical Data and Forecast of India Butadiene Market Revenues & Volume By Styrene Butadiene Rubber for the Period 2023 - 2027
- Historical Data and Forecast of India Butadiene Market Revenues & Volume By Acrylonitrile Butadiene Rubber for the Period 2023 - 2027
- Historical Data and Forecast of India Butadiene Market Revenues & Volume By Nitrile Butadiene Rubber for the Period 2023 - 2027
- Historical Data and Forecast of India Butadiene Market Revenues & Volume By Styrene Butadiene Latex for the Period 2023 - 2027
- Historical Data and Forecast of India Butadiene Market Revenues & Volume By Hexamethylenediamine for the Period 2023 - 2027
- Historical Data and Forecast of India Butadiene Market Revenues & Volume By Others for the Period 2023 - 2027
- Historical Data and Forecast of India Butadiene Market Revenues & Volume By End Use Type for the Period 2023 - 2027
- Historical Data and Forecast of India Butadiene Market Revenues & Volume By Plastic and Polymer for the Period 2023 - 2027
- Historical Data and Forecast of India Butadiene Market Revenues & Volume By Tire and Rubber for the Period 2023 - 2027
- Historical Data and Forecast of India Butadiene Market Revenues & Volume By Automobile for the Period 2023 - 2027
- Historical Data and Forecast of India Butadiene Market Revenues & Volume By Chemical for the Period 2023 - 2027
- Historical Data and Forecast of India Butadiene Market Revenues & Volume By Others for the Period 2023 - 2027
- India Butadiene Import Export Trade Statistics
- Market Opportunity Assessment By Application Type
- Market Opportunity Assessment By End Use Type
- India Butadiene Top Companies Market Share
- India Butadiene Competitive Benchmarking By Technical and Operational Parameters
- India Butadiene Company Profiles
- India Butadiene Key Strategic Recommendations