C4 Olefins (Crude C4) Market - Forecast(2021 - 2026)

Report Code: CMR 0983 Report Format: PDF + Excel (Delivery in 48 Hrs)

C4 Olefins Market Overview

The Global C4 Olefins (Crude C4) Market size is forecast to reach around $5 billion by 2025, after growing at a CAGR of 6% during 2020-2025. C4 Olefins (Crude C4) products produced from ethylene cracking in petrochemical plants and fluid catalytic cracking in refineries. The stringent government regulations, increasing investment in the petrochemical sector, and growing adoption of C4 Olefins (Crude C4) in rubber industry are driving the market growth. Moreover, the growing uses of C4 Olefins (Crude C4) stream as a feedstock for the production of specialty chemicals is also driving the growth of global C4 Olefins (Crude C4) market size over the study period. Besides, the surging demand for Plasticized PVC is also contributing to the growth of C4 Olefins (Crude C4) market share worldwide during the forecast period.

Report Coverage

The report: “Global C4 Olefins (Crude C4) Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Global C4 Olefins (Crude C4) Industry. 
By Type: Butadiene, Isobutylene, Butene, Raffinates and Mixtures, and Others
By Application: Synthetic Rubber Manufacture (Styrene-Butadiene Rubber (SBR), Acrylonitrile-Butadiene-Styrene (ABS), Polybutadiene Rubber (PBR), Nitrile-Butadiene rubber (NBR), Others), Polymer Manufacture (Polyethylene, Polypropylene, Polybutene, and Others), Chemical Intermediaries, Manufacture of fragrance and Perfumes, Coating additive, and Others
By End-Use Industry: Automobile, Paper industry, Chemical, Cosmetic and Personal Care, Oil and Gas, Healthcare/Medical, Food and Beverages, and Others 
By Geography: North America, South America, Europe, APAC, and RoW

Key Takeaways

  • In North America region, in 2019, the USA and Canada are the major market for the C4 Olefins (Crude C4) owing to the developed petrochemical sector. 
  • The outbreak of COVID-19 is hampering the growth of this market globally due to supply chain disruption, fluctuating crude oil prices, and declining demand from end-use industry.
  • Growing population and rapid industrialization in both developed and emerging markets has gained traction.

Type - Segment Analysis

Butadiene segment held the largest share of more than 35% in 2019 and is projected to witness a significant growth in the global C4 Olefins (Crude C4) market during the forecast period. This growth is attributed to its wide use on a large scale in pharmaceutical and cosmetic industry. Furthermore, surging uses of Butadiene in formulations of Styrene Butadiene or Styrene Butadiene Rubber (SBR) and Polybutadiene owing to growing uses in telephones and computer casings is also contributing to the growth of this segment over the forecast period, which in turn drives the growth of this market.

Application - Segment Analysis

Synthetic Rubber Manufacture held the largest share of more than 35% in 2019 and is projected to grow at a substantial rate during the forecast period. This growth is attributed to the growing uses of butadiene is a key raw material for the production of tires and hoses drives the growth of this segment, which in turn propels this market growth. Furthermore, the surging uses of SBR rubber products in automobiles is also contributing to the growth of this segment over the forecast period, which in turn drives the growth of this market. 

End-Use Industry - Segment Analysis

The cosmetic and personal care segment is projected to witness a highest CAGR of 7.5% in the C4 Olefins (Crude C4) market during the forecast period owing to the growing population, changing lifestyle, and developing middle-class income level. Whereas, the growing inclination towards organic personal care products is one of the promising trends to have emerged in the developed and developing regions that is driving the growth of personal care industry.

Geography - Segment Analysis

Among the regions, the APAC region is projected to witness the highest CAGR of around 8% in the global C4 Olefins (Crude C4) market followed by North America and Europe during the forecast period. This growth is attributed to the growing disposable income, surging demand for electric vehicles, developing petrochemical plants in China and India, growing uses of personal care products and growing urbanization across the region. Additionally, the fastest-growing pharmaceutical and cosmetic sector is also contributing for the growth of this market in APAC region. Moreover, China, Japan, India, Thailand, and Malaysia are the major countries are driving the growth of C4 Olefins (Crude C4) market in APAC region.

Drivers – C4 Olefins (Crude C4) Market

Growing cosmetic and personal care industry

Cosmetics industry in the past few decades has been witnessing a diversion from being recalled as a feminine oriented products base towards a sector serving all the genders hence the entire global population standing out as potential customers. With the inception of male users of cosmetics, the industry is witnessing an unprecedented business. The argument can be well supported by a data sheet by IBEF (India Brand Equity Foundation), stating that men who fall in the age group of 18 to 25, spend more money on grooming and personal care products than women in India. It also states that about 25-30 % of the total salon business comes from men’s treatment. For instance, according to Cosmetic Europe, the personal care and cosmetics industry has witnessed a growth of 1.3% in 2018 as compared to 2017.

Growing rubber industry

One of the major applications of C4 Olefins is in the Manufacture of Synthetic rubbers SBR, PBR, and others from Butadiene and Isobutylene. Butyl rubber is used in adhesives, consumer products, and healthcare sectors. Apart from this, the product is extensively used in the manufacturing of tires. Apparently, the escalating use of the product for repairing roofs has prompt the growth of the butyl rubber industry. Other product applications include sporting equipment, automotive & mechanical goods, vibration isolation, and pharmaceutical closure.  According to Automotive Tyre Manufacturers’ Association (ATMA), tyre production in India in 2019 increased by 8% up to 1,919.81 Lakh/Nos from the previous year. In addition, India exported US$1,853,720,000 rubber tire in 2019 that is 1.6% higher than the previous year. In addition, anti-dumping duties imposed on Chinese tyres by the US will help tyre exports to grow in the coming years, which in turn will drive growth for butyl rubber production, which in turn propels the growth of this market. In addition, rubber is also used in the production of automobile components such as hosepipes, gaskets, and window strips. Therefore, the growth in automotive sector is also drive the growth of rubber industry that likely to increase the growth of c4 Olefins market during the forecast period.  

Challenges – C4 Olefins (Crude C4) Market

Fluctuating raw material prices and health and safety considerations

There are various factors responsible for the fluctuation of the raw materials such as geopolitical issues between countries, trade war, inflations, employability, labor cost, and growing population. For instance, in 2020, due to the geopolitical issues between the US, Iraq, Iran, and Saudi Arabia, there is a decline in crude oil prices. As most of the C4 Olefins (Crude C4) contains crude oil ingredients, so this fluctuation in crude oil prices globally, act as a challenging factor for the growth of this market during the forecast period. However, C4 Olefins (Crude C4) finds its application in many different sectors, but its high flammability, toxic, and hazardous nature is also acting as a restraining factor to the market growth. For instance, direct contact with mixed C4 may cause skin burns. Additionally, Inhalation of high vapor concentrations may cause central nervous system depression resulting in dizziness, headache. Moreover, Mixed C4s are also harmful to aquatic organisms and do not biodegrade easily.

The emergence of COVID-19

The World Health Organization (WHO) declared COVID-19 a pandemic due to impact on human health, economy, industries, and others. The outbreak of COVID-19 worldwide is having a noticeable impact on global economic growth. The spread of COVID-19 has disrupted global supply chains and also declined labor availability, consequently impacting manufacturing plants globally. This will ultimately have a direct impact on demand for C4s and derivative products like butadiene, synthetic and natural rubber, and acrylonitrile-butadiene-styrene (ABS). Moreover, mostly airplane tires are replaced after roughly 300-400 take-offs and landings. But, because of COVID-19 the restrictions on air travel along with number of flights being substantially reduced, consequently demand for both synthetic and natural rubbers will decrease. That is likely to further reduce demand for rubber, which in turn hamper the growth of this industry. The pandemic is affecting operations of various industries including automotive, tire, aerospace, and others. So, the impact of COVID-19 will be felt for the entire financial year and affect the growth of this market.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the C4 Olefins (Crude C4) market report. In 2019, the market of C4 Olefins (Crude C4) top 10 players accounting for xx% of the share. Major players in the C4 Olefins (Crude C4) Market outlook are BASF, Borealis, Equistar Chemical, ExxonMobil, Ineous, Polimeri Europa, Reliance Industries, Repsol YPF, Sabic, TPC GROUP, Shanghai Petrochemical, Shell, Sinopec and many more.

Acquisitions/Technology Launches

  • In March 2018, TPC GROUP Crude C4 processing capacity in the U.S. olefins industry. The company is expecting the growth of C4 volumes at more than 8 percent per year through 2022. Which this expansion the company became one of the domestic sources of butadiene for synthetic rubber customers as well as producers of other butadiene-based derivatives that choose to build or expand capacity in North America.
1. C4 Olefins (Crude C4) Market- Market Overview
    1.1 Definitions and Scope
2. C4 Olefins (Crude C4) Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Type
    2.3 Key Trends by Application
    2.4 Key Trends by End-Use Industry
    2.5 Key Trends by Geography
3. C4 Olefins (Crude C4) Market- Landscape
    3.1 Comparative analysis
        3.1.1 Market Share Analysis - Top Companies
        3.1.2 Product Benchmarking - Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. C4 Olefins (Crude C4) Market- Startup companies Scenario Premium Premium 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. C4 Olefins (Crude C4) Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. C4 Olefins (Crude C4) Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters Five Force Model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of buyers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. C4 Olefins (Crude C4) Market-Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. C4 Olefins (Crude C4) Market – By Type (Market Size - $Million)
    8.1 Butadiene
    8.2 Isobutylene
    8.3 Butene
    8.4 Raffinates and Mixtures
    8.5 Others
9. C4 Olefins (Crude C4) Market – By Application (Market Size - $Million)
    9.1 Synthetic Rubber Manufacture
        9.1.1 Styrene-Butadiene Rubber(SBR)
        9.1.2 Acrylonitrile-Butadiene-Styrene (ABS)
        9.1.3 Polybutadiene Rubber (PBR)
        9.1.4 Nitrile-Butadiene rubber (NBR)
        9.1.5 Others
    9.2 Polymer Manufacture
        9.2.1 Polyethylene
        9.2.2 Polypropylene
        9.2.3 Polybutene
        9.2.4 Others
    9.3 Chemical Intermediaries
    9.4 Manufacture of fragrance and Perfumes
    9.5 Coating additive
    9.6 Others
10. C4 Olefins (Crude C4) Market– By End-Use Industry (Market Size - $Million)
    10.1 Automobile
    10.2 Paper industry
    10.3 Chemical
    10.4 Cosmetic and Personal Care
    10.5 Oil and Gas
    10.6 Healthcare/Medical
    10.7 Food and Beverages
    10.8 Others
11. C4 Olefins (Crude C4) Market- By Geography (Market Size - $Million)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Rest of South America
    11.3 Europe
        11.3.1 U.K
        11.3.2 Germany
        11.3.3 Italy
        11.3.4 France
        11.3.5 Spain
        11.3.6 Netherlands
        11.3.7 Russia
        11.3.8 Rest of Europe
    11.4 Asia-Pacific
        11.4.1 China
        11.4.2 India
        11.4.3 Japan
        11.4.4 Australia & New Zealand (ANZ)
        11.4.5 South Korea
        11.4.6 Rest of Asia-Pacific
    11.5 ROW
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of South Africa
12. C4 Olefins (Crude C4) Market - Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Market Share Analysis Premium
    13.1 Market Share by Country - Top companies
    13.2 Market Share by Region - Top companies
    13.3 Market Share by product/product category - Top companies
    13.4 Market Share at global level- Top companies
    13.5 Best Practices for companies
14. C4 Olefins (Crude C4) Market - List of Key Companies by Country Premium 
15. C4 Olefins (Crude C4) Market - Company Analysis
    15.1 Market Share, Company Revenue, Products, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10 Company 9
    15.11 Company 10 and more
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