04-Oct-2022 | Facts and Factors
According to Facts and Factors, the global butadiene market size was worth USD 9,928.40 million in 2021 and is estimated to grow to USD 15,949.35 million by 2028, with a compound annual growth rate (CAGR) of approximately 7.70% over the forecast period. The report analyzes the butadiene market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the global butadiene market.
In essence, butadiene is a highly reactive, colorless gas. It is a crucial industrial ingredient in creating synthetic rubber and plastic. The automotive industries employ the resulting rubber and plastic products for construction, packaging, consumer goods, and protective apparel. They are employed in several different materials and products, including polybutadiene, chloroprene, styrene-butadiene, nitrile rubber, SB latex, acrylonitrile butadiene styrene, adiponitrile, sulfolane, and ethylidene norbornene.
Browse the full “Butadiene Market Size, Share, Growth Analysis Report By Production Process (C4 Hydrocarbon Extraction, N-Butane Dehydrogenation, From Ethanol, From Butenes), By Product (Styrene-Butadiene Rubber, Styrene Butadiene Latex, Butadiene Rubber, Acrylonitrile Butadiene Rubber, Nitrile Butadiene Rubber, Hexamethylenediamine), By End-User (Building & Construction, Healthcare, Automobile Industries, Consumer Products Industries), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/butadiene-market
Growing demand from end-use industries, better functionality at lower costs, and an increase in the number of cars are some drivers driving the global butadiene market's growth pace. Due to its excellent elastic properties, butadiene is also used in the electrical industry as an insulation solution for wires and cables, which will further pave the way for the market's growth. On the other hand, the butadiene market is anticipated to experience a drop in production due to the discovery of shale oil and adverse acute & chronic effects. The market's overall expansion is anticipated to be hampered by the unstable pricing of raw materials and the strict regulatory environment. The recent collapse of the automobile sector is also anticipated to provide a significant obstacle to expanding the butadiene market.
The global butadiene market is segregated based on the production process, product, end-user, and region. Based on the production process, the market is segmented into C4 hydrocarbon extraction, n-butane dehydrogenation, from ethanol, and from butenes. The n-butane dehydrogenation segment dominated the market in 2021. Based on product, the market is classified into styrene-butadiene rubber, styrene-butadiene latex, butadiene rubber, acrylonitrile butadiene rubber, nitrile butadiene rubber, and hexamethylenediamine. Styrene-butadiene rubber dominated the market in 2021. Based on end-user, the market is segmented into building & construction, healthcare, automobile, and consumer products. The automobile industry segment dominated the butadiene market in 2021.
The global butadiene market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The Asia-Pacific region dominated the butadiene market in 2021 due to the government's improved and advantageous investment policies, which aim to support regional economic development, population expansion, and industrial growth. The downstream market in the Asia-Pacific region had a significant boom in recent years, which caused the demand for butadiene to expand quickly due to its necessity. One of the world's greatest centers for producing chemicals is China, which has a diverse economy. As there are so many domestic players, the butadiene market in China is predicted to increase significantly.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 9,928.40 Million |
Projected Market Size in 2028 |
USD 15,949.35 Million |
CAGR Growth Rate |
7.70% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
BASF SE, Reliance Industries Limited, Braskem, ExxonMobil Chemical Company, Royal Dutch Shell Plc., TPC Group Inc., Sinopec, LyondellBasell Industries N.V., Jiutai Energy Inner Mongolia Co. Ltd., Lanxess, and others. |
Key Segment |
By Production Process, Product, End-User, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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Key players in the global butadiene market include BASF SE, Reliance Industries Limited, Braskem, ExxonMobil Chemical Company, Royal Dutch Shell Plc., TPC Group Inc., Sinopec, LyondellBasell Industries N.V., Jiutai Energy Inner Mongolia Co. Ltd., and Lanxess, among others.
Recent Development:
- June 2021: JSR Corporation's global elastomers division, which includes the manufacture and sale of synthetic rubber, was acquired by ENEOS Corporation, a Japanese oil corporation. JSR will form a new company and split the firm to transfer the elastomer business and the shares of overseas subsidiaries and affiliates associated with this business to the new company. ENEOS will then acquire the new company's shares, transforming it into a wholly-owned subsidiary.
- November 2019: TPC Group has announced that it would rebuild its butadiene processing unit, which was destroyed in the explosion in the South East Texas petrochemical complex.
Global Butadiene Market is segmented as follows:
By Production Process
- C4 hydrocarbon extraction
- N-butane dehydrogenation
- From ethanol
- From butenes
By Product
- Styrene-Butadiene Rubber
- Styrene Butadiene Latex
- Butadiene Rubber
- Acrylonitrile Butadiene Rubber
- Nitrile Butadiene Rubber
- Hexamethylenediamine
By End-User
- Building and Construction
- Healthcare
- Automobile Industries
- Consumer Products Industries
By Region
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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