Butadiene Market Size Report, Share, Industry Analysis, Growth, Forecast, 2030

Butadiene Industry Prospective:

The global butadiene market size was worth around USD 31.43 Billion in 2022 and is predicted to grow to around USD 44.71 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 4.51% between 2023 and 2030.

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The report analyzes the global butadiene market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the butadiene industry. 

Global Butadiene Market: Overview

Butadiene is also known as 1,3-butadiene. It is colorless and highly reactive in nature. In addition, it possesses noncorrosive and mild aromatic order at room temperature and pressure. It can be produced as a by-product manufactured from the propylene and ethylene manufacturing units, primarily as a monomer for the production of plastics and synthetic rubbers. It can also be used as a chemical intermediate if utilized in small quantities.

The resulting rubbers formed are used in various applications such as protective clothing, automobiles, household articles, computers & telecommunication equipment, construction materials, packaging, and appliance parts.

Butadiene-based polymers provide safety at lower costs, and improved functionality, and performance. Derivatives of butadiene consist of styrene butadiene latex, styrene-butadiene rubber, nitrile rubber, acrylonitrile butadiene styrene resins, polybutadiene rubber, adiponitrile, and others.

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Global Butadiene Market: Growth Factors

Increasing use of polymers and synthetic rubbers in numerous end-use industries may drive the global butadiene market growth. However, the carcinogenic nature of butadiene, strict regulations imposed by the government for the use of butadiene, and different acute & chronic harms caused by its fumes may hinder the global market to some extent.

Global Butadiene Market: Segmentation

The global butadiene market is classified based on applications such as Adiponitrile, Polybutadiene (PBR), Chloroprene, Styrene-Butadiene (SBR), Nitrile Rubber (Acrylonitrile Butadiene NBR), Acrylonitrile Butadiene Styrene (ABS), and Other Applications.

Of these, SBR is the leading segment in the global market due to its high consumption from manufacturers across the world, which is followed by polybutadiene.

Based on the end-user, the global butadiene market is split into Building and Construction, Automobile Industries, Consumer Products Industries, Healthcare, and Others Geographic breakdown of the global market is given by North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.  

Global Butadiene Market: Report Scope

Global Butadiene Market: Regional Analysis

Asia-Pacific is the largest market for butadiene and its derivatives. Additionally, China is the major consumer of the chemicals. Other developing countries such as India & China contributed to the high growth of the global market due to favorable investment policies by the government in order to promote industrial growth, increase in population, and developing economies.

The U.S. contributed to the largest market share owing to high growth opportunities in this region. Increasing demand for butadiene derivatives is witnessed in China as many manufacturing industries are integrated with butadiene facilities.

This is expected to foster global market growth in the future. Hence, many market players rely on the supply of butadiene from the domestic Chinese market. Changing preferences in feedstock for manufacturing ethylene also drive the global butadiene market in this region.

Moreover, low operating rates of ethylene crackers as compared to butadiene especially in the U.S. may enhance the global market growth in the coming future. Hence, Chinese and U.S. markets may emerge as attractive markets for many players globally.

Global Butadiene Market: Competitive Players

Major players operating in the global butadiene market are 

• ExxonMobil Chemical Company
• Royal Dutch Shell Plc.
• BASF SE
• Sinopec
• TPC Group Inc.
• Braskem S.A.
• LyondellBasell Industries N.V.
• ENI S.p.A. 

Other players include 

• Ineos Group AG
• China Petroleum & Chemical Corporation
• Formosa Plastics Group
• Evonik Industries AG
• Lanxess AG
• JSR Corporation.

The global butadiene market is segmented as follows:

By Application

• Adiponitrile
• Polybutadiene (PBR)
• Chloroprene
• Styrene-Butadiene (SBR)
• Nitrile Rubber (Acrylonitrile Butadiene NBR)
• Acrylonitrile Butadiene Styrene (ABS)
• Other Applications

By End User

• Building and Construction
• Automobile Industries
• Consumer Products Industries
• Healthcare
• Others

Global Butadiene Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

What Report Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, ongoing, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.