Butadiene Market Size Was Valued at USD 11.48 Billion in 2023 and is Projected to Reach USD 25.43 Billion by 2032, Growing at a CAGR of 9.3% From 2024-2032.
Butadiene is a type of organic compound. It is a gas without color that can be easily transformed into a liquid state. It holds significance in the industry as a precursor to synthetic rubber. The molecule can be seen as the combination of two vinyl groups. It is the most basic conjugated diene. Even though butadiene readily degrades in the atmosphere, it can still be detected in urban and suburban air due to continuous release from cars.
Butadiene, a conjugated diene, is utilized in making polymers and serves as a chemical intermediate for various specialty items. Butadiene is mostly used in making synthetic elastomers like SBR and PBR, which are mainly used in producing tires and car parts. Additional uses of elastomers include hoses made of nitrile rubber, surgical gloves, belts for machinery, carpet backing, shoes, and products made of neoprene.
Top Key Players Covered in Butadiene Market
Exxon Mobil Corporation (US), TPC Group (US), Chevron Phillips Chemical Company LLC (US), Dow Inc. (US), Evonik Industries (Germany), Lanxess AG (Germany), BASF SE (Germany), INEOS (UK), Royal Dutch Shell (Netherlands), LyondellBasell Industries (Netherlands), Versalis S.p.A. (Italy), Versalis S.p.A. (Italy), PetroChina Company Limited (China), Sinopec (China), China Petrochemical Corporation (Sinopec Group) (China), Formosa Plastics Corporation (Taiwan), Reliance Industries Limited (India), JSR Corporation (Japan), Mitsui Chemicals, Inc. (Japan), Lotte Chemical Corporation (South Korea), Kumho Petrochemical Co., Ltd. (South Korea), LG Chem (South Korea), YNCC (South Korea), Braskem (Brazil), and Other Major Players
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Restraints
Environmental Regulations
Strict regulations on production, handling, and emissions are a major limitation for the butadiene market. Governments globally are enacting different laws to decrease the environmental effects of industrial operations, including those linked to butadiene production and usage. These rules frequently target the management of volatile organic compounds emitted while producing butadiene and its derivatives.
Segmentation Analysis of the Butadiene Market
Butadiene Market Segmented based on product type, application, and end-user industry.
By Product Type
- Butadiene Rubber
- Styrene Butadiene Rubber
- Acrylonitrile Butadiene Rubber
- Nitrile Butadiene Rubber
- Styrene Butadiene Latex
- Hexamethylenediamine
By Application
- Polybutadiene
- Chloroprene
- Styrene-Butadiene
- Nitrile Rubber
- SB Latex
- Acrylonitrile Butadiene Styrene
- Adiponitrile
- Sulfolane
- Ethylidene Norbornene, Others
By End User Industry
- Plastic and Polymer
- Tire and Rubber
- Chemical, Others
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Butadiene Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast Period
Rapid industrialization and urbanization in the Asia-Pacific region, especially in China, India, and Southeast Asia, are leading to an increased need for butadiene, an essential raw material used in manufacturing synthetic rubber, plastics, and resins. The automobile industry, which is one of the biggest globally, is also growing, with leading companies from China, Japan, and South Korea.
The area's robust manufacturing sector, which includes automotive, electronics, consumer goods, and construction industries, is a significant user of butadiene. Investments in petrochemical infrastructure in the Middle East and Southeast Asia are also playing a role in the global butadiene market positioning of the region.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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