View Cart (0 items)
Oil & Gas

European butadiene market to remain strong thanks to emergence of US shale gas

October 29, 2012
/ Print / Reprints /
| Share More
/ Text Size+

NEW YORK — Despite waning local demand, the European butadiene market will remain strong thanks to export demands from overseas, according to a new report by industry research firm GBI Research.

As the U.S. increases its use of shale gas as an energy source instead of crude oil, the country is seeing a shortage of locally produced petrochemicals, which bodes well for the European butadiene market.

RELATED: Asia’s synthetic rubber sector expected to recover

Butadiene downstream segments include polybutadiene, ABS and SBR sectors. Butadiene is a raw material used in making a wide variety of synthetic rubbers and polymer resins and is most commonly used in the production of SBR, which is used to manufacture automobile tires, adhesives, sealants, coatings and other rubber articles such as shoe soles.

READ MORE

You must login or register in order to post a comment.