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Technavio Research: Liquid Polybutadiene Market Research 2020-2024: Post-Pandemic Market Impact Analysis | Technavio
Shape strategic responses through the phases of industry recovery
Evonik Industries AG, Idemitsu Kosan Co. Ltd., and JSR Corp. will emerge as major liquid polybutadiene market participants during 2020-2024
The liquid polybutadiene market is expected to grow by USD 651.17 million during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the liquid polybutadiene market in optimistic, probable, and pessimistic forecast scenarios.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201228005219/en/
Technavio has announced its latest market research report titled Global Liquid Polybutadiene Market 2020-2024 (Graphic: Business Wire).
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Amid the COVID-19 crisis, the global market for Cryogenic Tanks estimated at US$5.3 Billion in the year 2020, is projected to reach a revised size of US$7.9 Billion by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027.Liquid Nitrogen, one of the segments analyzed in the report, is projected to grow at a 6.5% CAGR to reach US$2.8 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Liquefied Natural Gas (LNG) segment is readjusted to a revised 5.4% CAGR for the next 7-year period. This segment currently accounts for a 25% share of the global Cryogenic Tanks market.