It is expected that the butadiene market will register a CAGR of 3.5% over the forecast period of 2022-2027, picking up from its market size 12,430 kilotons in the year 2021.
Butadiene Market Overview
Butadiene is basically extremely reactive colorless gas that is used in the production of plastics and resins including styrene rubber, adiponitrile, nitrile rubber, butadiene rubber, polychloroprene, and others. It is one of the vital industrial compounds used for the production of synthetic rubber and plastic. The resultant rubber and plastic products are used by the automotive industries, for construction material, packaging, as a consumer product and protective clothing. They are used in several application such as polybutadiene, chloroprene, styrene-butadiene, nitrile rubber, SB latex, acrylonitrile butadiene styrene, adiponitrile, sulfolane, ethylidene norbornene and other applications.The increasing demand for nylon 66 resin in major end-use industries such as automotive and electronics and focus of manufacturers towards focus towards developing bio-based routes to manufacture 1,3 butadiene are estimated to generate numerous opportunities for the market. On the flip side, the current downfall in the automotive industry is projected to pose as a major challenge to the growth of the butadiene market.In a non-polar solvent, it is generated through anionic polymerization or coordination polymerization of 1,3-butadiene. Because it allows for both tight control of the molecular weight (MW) and high stereoregularity, this is frequently the method of choice.With increase in Automobile production across the globe the demand for Tires and Rubbers substantially increase in various countries, there by increasing the demand for Butadiene market.Due to all the aforementioned factors Tire and Rubber inustry are supposed to dominate the market in the upcoming years.Demand for automotive manufacturing units and building construction projects has grown in comparison to 2021. As a result, demand for styrene-butadiene and polybutadiene rubber, which are used in tyres, building crack fillers, concrete additives, and other applications, increased, while demand for butadiene decreased. However, in the current circumstances, the use of protective gloves made of nitrile rubber has surged, driving demand for butadiene.
Industry News and Updates
November 30, 2021: Asahi Kasei and Shell Partner to Produce Polymerised Styrene Butadiene Rubber--
Asahi Kasei signed an agreement with Shell Eastern Petroleum regarding the supply of butadiene derived from plastic waste and biomass. The signing ceremony was held at the ‘Creating the Plastic Circular Economy in Singapore: Journey from Vision to Reality’ event on Bukom Island in Singapore. Asahi Kasei plans to begin producing and marketing sustainable solution polymerised styrene-butadiene rubber (S-SBR) using the sustainable butadiene at its plant in Singapore.
What are the major Applications, Types and Regions for Butadiene Market?
Butadiene Market is segmented based on the type, applications, companies and regions.
By Type, Butadiene Market has been segmented into
- Styrene Butadiene Rubber (SBR)
- Butadiene Rubber (BR)
- Styrene Butadiene Latex (SBL)
- Acrylonitrile Butadiene Styrene (ABS)
- Adiponitrile
- Other
By Application, Butadiene Market has been segmented into,
- Extractive Distillation
- Oxidative Dehydrogenation
Regional Analysis of Butadiene Market
The Asia-Pacific region dominated the global butadiene market. The downstream market in Asia-Pacific witnessed a huge spur in the past few years, owing to which the demand for butadiene has witnessed a rapid increase due to its requirement.China is one of the largest chemical manufacturing hubs in the world, with a wide range of industries. The Chinese butadiene market is expected to witness significant growth. Due to the presence of a large number of indigenous players.
The report offers an in-depth assessment of the growth and other aspects of the Butadiene Market in important regions, including the
North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
Furthermore, China is projected to produce 704 million tires per year by 2025, including 527 million passenger radial tires, 148 million truck/bus radial tires, 29 million bias truck tires, 20,000 extra-large industrial tires, 12 million agricultural tires, and 54,000 aircraft tires. In addition, China will produce 120.7 million motorcycle tires and 420 million bicycle tires annually by 2025. This is quite instrumental in propelling the market demand butadiene in the country over the forecast period.
What is our Butadiene Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 3.5% over the forecast period (2022-2027)
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By Type
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- Styrene Butadiene Rubber (SBR)
- Butadiene Rubber (BR)
- Styrene Butadiene Latex (SBL)
- Acrylonitrile Butadiene Styrene (ABS)
- Adiponitrile
- Other
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By Application
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- Extractive Distillation
- Oxidative Dehydrogenation
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By Companies
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Sinopec, TPC, Braskem, Shell Chemical, CNPC, FPCC, BASF, ExxonMobil, JSR, Lotte, LyondellBasell, Ineos O&P, LG Chem, Sabina, Evonik
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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119
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Butadiene Report
- Evaluate Butadiene market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges, and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Butadiene market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The Butadiene Market is studied from 2017 - 2027.
What is the growth rate of Butadiene Market?
The Butadiene Market is growing at a CAGR of 3.5% over the next 5 years.
What regions does this Butadiene Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.