Industry

Butadiene Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage:by Application (Polybutadiene, Chloroprene, Styrene-butadiene, Nitrile Rubber, Acrylonitrile Butadiene Styrene, Adiponitrile, Sulfolane, Ethylidene Norbornene, Styrene Butadiene Latex, Other Applications) ; Product (Quarter-turn Valve, Multi-turn Valve, Other Products) ; End-user Industry (Plastic and Polymer, Tire and Rubber, Chemicals, Other End-user Industries) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Report Code : 

TIPRE00005759

No. of Pages : 150
Published Month : Apr 2024
Category : Chemicals and Materials

The Butadiene Market is expected to register a CAGR of 7% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.

The report is segmented by application (polybutadiene, acrylonitrile butadiene styrene, ethylidene norbornene, styrene-butadiene and others). The report further presents analysis based on end use industry (plastics and polymers, tire and rubber, chemicals and others). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.

Purpose of the Report

The report Butadiene Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:

  • Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
  • Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
  • Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.

Butadiene Market Segmentation

Application

  • Polybutadiene
  • Acrylonitrile Butadiene Styrene
  • Ethylidene Norbornene
  • Styrene-butadiene

End Use Industry

  • Plastics and Polymers
  • Tire and Rubber
  • Chemicals

Butadiene Market Growth Drivers

  • Driving Synthetic Rubber Demand: Butadiene is an important feedstock of synthetic rubber, which is widely used in automotive tires and other components. The rise in vehicle production, especially in developing countries, is fueling the growth of butadiene. As players in the automotive industry look to improve performance and security features the demand for performance-specific high-quality synthetic rubber made from butadiene polymer rises.
  • Boosting Rubber and Plastics: The rubber and plastic component industries absorb large quantities of butadiene concentrated for the production of metacrylate-butadiene-styrene and copolymers. It is anticipated that butadiene will see increased demand because the consumer, electronics, and packaging industries.
  • Foundation of Modern Polymers: Butadiene is also an important building block for the synthesis of several other chemicals, considered as butadiene feedstock, as in butadiene rubber, adiponitrile, and other intermediaries. The growth of the chemical manufacturing sector due to industrialization and urbanization has also increased the demand for butadiene. With new products being geared up for production and processes improved in existing industries, the dimensional aspect of butadiene as a building block has increased.`

Butadiene Market Future Trends

  • Technological Advancements in Butadiene Extraction: Butadiene extraction and production has also benefitted from extraordinary technological advancements that have increased efficiency while lowering the costs. For example, improved catalyst systems and more advanced recovery methods have enabled manufacturers to enhance the yield of butadiene while lowering energy expenditure. Such improvements not only render manufacturing processes more environmentally friendly but also improve the relative position of butadiene on the market.
  • Reducing Carbon Footprints and Dependence on Fossil Fuels: In the recent past, companies have been opting for the manufacture of bio-based butadiene due to their constant pressure to cut on their carbon footprints and reduce dependence on fossil fuels. In this respect, much of the research is geared on the making butadiene from renewable biomass via certain biochemical pathways.
  • The Role of AI and IoT in Transforming Butadiene Production: The butadiene market is also transformed by modern digital technologies including artificial intelligence (AI) and the Internet of Things (IoT) in production, as well as in supply chain management. This means that the capacity of production processes is controlled and optimized at a particular moment, which results in higher efficiency and less waste.

Butadiene Market Opportunities

  • Expanding Butadiene's Role in Advanced Materials: There exists a huge potential for the fabrication of high-performance composites where butadiene is utilized as a building block. Development in the field of polymer chemistry aims at the manufacture of state-of-art composite materials with better characteristics like increased toughness, and resistance to extreme weather. These materials can serve specific needs in sectors like aviation, electronics, and medical equipment, thus widening the scope of butadiene.
  • Opportunities in Developing Countries: Rapid industrialization and urbanization in developing countries has created a surge in the consumption of butadiene in many applications and countries. It is possible for the manufacturers to make use of this by setting up a factory or forming a partnership in these regions. Companies can develop additional customer segments that positively influence the growth of the butadiene sector by changing the products they offer to meet the local market demands.
  • Accelerating Innovation and Sustainability in the Butadiene Market: Partnerships and collaborations is another opportunity for butadiene manufacturers as they find many productive solutions and applications for butadiene, shorten the time necessary for the commercialization of innovative solutions and butadiene product lines. This strategy opens up opportunities for product development, improved performance, and development of sustainable solutions.

Butadiene Market Regional Insights

The regional trends and factors influencing the Butadiene Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Butadiene Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

  • Get the Regional Specific Data for Butadiene Market

Butadiene Market Report Scope

Report Attribute Details
Market size in 2024 US$ XX million
Market Size by 2031 US$ XX Million
Global CAGR (2025 - 2031) 7%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Application
  • Polybutadiene
  • Acrylonitrile Butadiene Styrene
  • Ethylidene Norbornene
  • Styrene-butadiene
By End Use Industry
  • Plastics and Polymers
  • Tire and Rubber
  • Chemicals
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • BASF SE
  • Braskem
  • China Petrochemical Corporation
  • Evonik Industries AG
  • Exxonmobil Chemical Company
  • Formosa Plastics Group
  • Ineos Group
  • JSR Corporation
  • Lanxess Aktiengesellschaft

  • Butadiene Market Players Density: Understanding Its Impact on Business Dynamics

    The Butadiene Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

    Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

    Major Companies operating in the Butadiene Market are:

    1. BASF SE
    2. Braskem
    3. China Petrochemical Corporation
    4. Evonik Industries AG
    5. Exxonmobil Chemical Company

    Disclaimer: The companies listed above are not ranked in any particular order.



    • Get the Butadiene Market top key players overview

    Key Selling Points

    • Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Butadiene Market, providing a holistic landscape.
    • Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
    • Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
    • Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.

    The research report on the Butadiene Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.

    The List of Companies

    1.Basf Corporation
    2.Braskem
    3.China Petroleum and Chemical Corporation
    4.Evonik Industries Ag.
    5.Exxonmobil Chemical Company
    6.Formosa Plastics Group
    7.Ineos Group Ag.
    8.Jsr Corporation
    9.Lanxess Aktiengesellschaft
    10.Lg Chem Limited
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    Frequently Asked Questions

    Based on geography, which region held the largest share of the butadiene market?

    Based on geography, Asia Pacific held the largest share of the butadiene market due to growth in the tire and rubber as well as chemicals industry

    What is the future trend for butadiene market?

    Development of high-performance materials is expected to be the key market trends

    Which is the fastest growing segment based on end use industry?

    Based on end use industry, the tire and rubber segment is expected to witness the fastest growth during the forecast period

    What are the driving factors impacting the butadiene market?

    Growing demand in automotive and rubber industries are driving the market growth

    What are the key players operating in the butadiene market?

    BASF SE; Braskem; China Petrochemical Corporation; Evonik Industries AG; Exxonmobil Chemical Company are some of the key players operating in the butadiene market

    What is the expected CAGR of the Butadiene Market?

    The Butadiene Market is estimated to witness a CAGR of 7% from 2023 to 2031