Market Forecast By Application Type (Butadiene Rubber, Styrene Butadiene Rubber, Acrylonitrile Butadiene Rubber, Nitrile Butadiene Rubber, Styrene Butadiene Latex, Hexamethylenediamine, Others), By End Use Type (Plastic and Polymer, Tire and Rubber, Automobile, Chemical, Others) And Competitive Landscape
Product Code: ETC109809 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Kenya Butadiene Market report thoroughly covers the market by application type and by end-use type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Kenya Butadiene Market is experiencing significant growth owing to the country's increasing demand for synthetic rubber, especially in the automotive and construction industries.
According to 6Wresearch, the Kenya Butadiene Market size is estimated to grow steadily at projected CAGR of 5.90% during the forecast period of 2025-2031. The growth of this market is driven by the demand for synthetic rubber, with the country's automotive industry being a major contributor. The growth of country’s automotive industry, coupled with increasing developments in the construction and packaging industries, is driving the demand for butadiene. The rise in construction activities, including infrastructure development, is expected to boost the demand for butadiene in the coming years. Kenya butadiene industry is experiencing significant growth, with the market expected to grow tremendously. The demand for synthetic rubber, which is the primary driver of the butadiene market, is growing rapidly in Kenya. The automotive and construction industries are leading the demand for synthetic rubber, and the trend is expected to continue for the next few years.
However, the lack of local butadiene production capacity and the dependence on KPCL are the major challenges hindering the Kenya butadiene market Growth. The high cost of importing butadiene and other raw materials hinders the production of synthetic rubber in the country, which, in turn, affects the growth of the market. The market presents significant opportunities for investors looking to capitalize on the country's growth in the automotive and construction industries. The government is actively promoting foreign investment by implementing policies that aim to improve the ease of doing business in the country.
The government has exempted import duty tax on butadiene imports to reduce the cost of production and make the local industry more competitive in the global market. The government has also introduced various R&D programs to help small and medium-sized enterprises (SMEs) in the Butadiene market. Through these programs, SMEs can access technology transfer and support in commercializing their products. The government has offered tax incentives to companies that invest in the Butadiene industry. These incentives encourage companies to invest more in the industry, increasing production and making the market more competitive. The government has also collaborated with international organizations such as the World Bank and International Monetary Fund to provide technical assistance and support to the industry. These organizations provide funding for training programs, infrastructure development, and enhancing the overall business environment.
The Kenya Butadiene Market has a few key players who have been driving the market forward. One of the key players is Kenya Petroleum Refineries Limited (KPRL). KPRL produces butadiene as a by-product of the refining process. Another key player is Kenya Chemicals Ltd, which produces butadiene from crude C4. The company has invested in advanced technologies to improve the production process, resulting in an increase in butadiene production capacity. Kenya Butadiene Market also has international players such as Sasol Chemical Industries Kenya Ltd, a subsidiary of Sasol Limited, a South African petrochemical company.
According to Abhishek Mishra, Senior Research Analyst, 6Wresearch, the styrene butadiene rubber (SBR) segment is expected to witness significant growth during the forecast period as it is used in the manufacturing of automotive tires and footwear.
By End-Use Type, the tire and rubber segment are expected to dominate the Kenya Butadiene Market Share during the forecast period. Kenya is a major hub to produce automobile tires in the African continent, and the demand for butadiene is expected to rise significantly.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Kenya Butadiene Market Overview |
3.1 Kenya Country Macro Economic Indicators |
3.2 Kenya Butadiene Market Revenues & Volume, 2021 & 2031F |
3.3 Kenya Butadiene Market - Industry Life Cycle |
3.4 Kenya Butadiene Market - Porter's Five Forces |
3.5 Kenya Butadiene Market Revenues & Volume Share, By Application Type, 2021 & 2031F |
3.6 Kenya Butadiene Market Revenues & Volume Share, By End Use Type, 2021 & 2031F |
4 Kenya Butadiene Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Kenya Butadiene Market Trends |
6 Kenya Butadiene Market Segmentations |
6.1 Kenya Butadiene Market, By Application Type |
6.1.1 Overview and Analysis |
6.1.2 Kenya Butadiene Market Revenues & Volume, By Butadiene Rubber, 2021-2031F |
6.1.3 Kenya Butadiene Market Revenues & Volume, By Styrene Butadiene Rubber, 2021-2031F |
6.1.4 Kenya Butadiene Market Revenues & Volume, By Acrylonitrile Butadiene Rubber, 2021-2031F |
6.1.5 Kenya Butadiene Market Revenues & Volume, By Nitrile Butadiene Rubber, 2021-2031F |
6.1.6 Kenya Butadiene Market Revenues & Volume, By Styrene Butadiene Latex, 2021-2031F |
6.1.7 Kenya Butadiene Market Revenues & Volume, By Hexamethylenediamine, 2021-2031F |
6.2 Kenya Butadiene Market, By End Use Type |
6.2.1 Overview and Analysis |
6.2.2 Kenya Butadiene Market Revenues & Volume, By Plastic and Polymer, 2021-2031F |
6.2.3 Kenya Butadiene Market Revenues & Volume, By Tire and Rubber, 2021-2031F |
6.2.4 Kenya Butadiene Market Revenues & Volume, By Automobile, 2021-2031F |
6.2.5 Kenya Butadiene Market Revenues & Volume, By Chemical, 2021-2031F |
6.2.6 Kenya Butadiene Market Revenues & Volume, By Others, 2021-2031F |
7 Kenya Butadiene Market Import-Export Trade Statistics |
7.1 Kenya Butadiene Market Export to Major Countries |
7.2 Kenya Butadiene Market Imports from Major Countries |
8 Kenya Butadiene Market Key Performance Indicators |
9 Kenya Butadiene Market - Opportunity Assessment |
9.1 Kenya Butadiene Market Opportunity Assessment, By Application Type, 2021 & 2031F |
9.2 Kenya Butadiene Market Opportunity Assessment, By End Use Type, 2021 & 2031F |
10 Kenya Butadiene Market - Competitive Landscape |
10.1 Kenya Butadiene Market Revenue Share, By Companies, 2024 |
10.2 Kenya Butadiene Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |