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Butadiene Market Overview
The Butadiene Market size is estimated at 12.11 million tons in 2023, and is expected to reach 15.94 million tons by 2030, growing at a CAGR of 3.71% during the forecast period (2024-2030). Butadiene is colorless and has a highly reactive nature with a monoisotopic mass of 54.046g/mol and is majorly used in petrochemical, rubber, automotive tires, latexes, coatings, gloves, and others. It is produced as a by-product from propylene and ethylene manufacturing, along with aromatic hydrocarbons, and is useful in the synthesis of cycloalkanes and cycloalkenes, through diels-alder reactions. The excellent properties such as strength, heat resistance, and high performance make it the best option for application in the automotive, electronics, construction, and medical industry Butadiene serves as a crucial component in the production of synthetic rubbers and elastomers, notably including polybutadiene rubber (PBR), styrene-butadiene rubber (SBR), nitrile rubber (NR), and polychloroprene (Neoprene). These materials find extensive applications across various industries, with PBR and SBR prominently used in tire manufacturing, while Neoprene and nitrile rubber are favored for producing a wide range of products such as gloves, seals, gaskets, hoses, wetsuits, and foams. Additionally, styrene-butadiene (SB) latex is utilized in the production of carpet and paper coatings. Polybutadiene rubber (BR, PBR), known for its cost-effectiveness and high volume production, often serves as a substitute for natural rubber (NR). Its synthesis typically involves anionic polymerization or coordination polymerization of 1,3-butadiene in non-polar solvents, favored for its ability to tightly control molecular weight (MW) and ensure high stereoregularity, making it a preferred method in the industry.
Market Snapshot:
The report: “Butadiene Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Barium Sulphate Industry. Market.
By Production Process: Steam Cracking, Foundry Process, Oxo-D Process.
By Product: Styrene butadiene rubber, Acrylonitrile butadiene styrene, Polybutadiene rubber, Nitrile rubber, and Others
By Application: Synthetic Rubber, Thermoplastic Rubber, Latexes, Conveyor Belt, Surgical Gloves, Golf Ball, Tires, and Others
By End-Use Industry: Automotive Industry (Commercial Vehicles, Passenger Vehicles, Automotive Components, and Others), Electronics Industry (Electronic Enclosures, Home Appliances, Computer, and Others), Chemical Industry, Construction, and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa).
Key Takeaways
• The growth in the automotive production and construction industry in the Asia-Pacific region will create a drive in the butadiene market, due to the high demand for butadiene-derived products such as polybutadiene rubber, synthetic rubbers, styrene-butadiene latex, and others.
• The styrene butadiene rubber holds a major share in the butadiene industry, owing to its application in high-performance tires, automotive components, belts, gaskets, and others.
• The rising awareness regarding environmental and health concerns, along with increasing prices of crude oil is estimated to create a hindrance in the growth of the butadiene market.
Butadiene Market Segment Analysis – By Production Process
The demand for synthetic rubbers, and consequently the butadiene market, is heavily influenced by the automotive industry, while its supply relies on the ethylene industry due to its essential role in the steam cracking process. Consequently, fluctuations in supply and demand in other markets exert significant impacts on the butadiene industry. Factors such as the advancement of environmentally-friendly methods for polymer emulsion production, increasing demand for water-based solvents and coatings, and the expansion of industrial sectors such as automotive and consumer durables contribute to the global market's growth trajectory. Furthermore, the consumption is estimated to reach 1.2 million by 2025 in India. Thus, the growth and demand for butadiene derived rubber and major applications in automotive will boost the steam cracking manufacturing process segment in the forecast period.
Butadiene Market Segment Analysis – By Product
By product, the styrene butadiene rubber segment is expected to have the largest share in the forecast period and is expected to grow at a CAGR of over 7.5%. It contains 23% styrene and 77% butadiene and is used as the primary material to make tires, shoe soles, and plastic materials. The SBR-1500 is a high molecular weight combining good extrusion and avoiding product degradation. The styrene-butadiene rubber has various applications such as automotive, consumer products, footwear, electronics, molded rubber products, and others. The automotive industry makes major use of styrene butadiene rubber due to its increasing dominance for automotive tires, belts, and other automotive components in the forecast period. China is the largest textile-producing and exporting country in the world. With its rapid growth over the last two decades, the Chinese textile industry has become one of the main pillars of the country's economy. In February 2022, the Chinese textile export reached an all-time high of USD 24741 million.
Butadiene Market Segment Analysis – By Application
By application, the synthetic rubber segment is expected to have the largest growth share of over 48% in 2023 due to its application in the automotive industry and is expected to dominate the butadiene market size in the coming years. The butadiene is used as a major material for producing rubber and tires for various vehicles. Synthetic rubber has its application in industrial rubber, wires, belts, footwear, airplane tires, and surgical gloves. synthetic rubber segment. In the first three months of 2023, there was a positive and optimistic attitude in the Chinese market. After the Lunar New Year holidays, people began buying stocks again, leading to an increase in the prices of butadiene in China. There was a consistent demand for butadiene from industries that use it to make polymers and synthetic rubber in the Asian market.
Butadiene Market Segment Analysis- By End-Use Industry
Butadiene serves as a primary ingredient in the production of various synthetic rubbers and elastomers, including polybutadiene rubber (PBR), nitrile rubber (NR), styrene-butadiene rubber (SBR), and polychloroprene (Neoprene). These materials are integral in the manufacturing of a diverse range of goods and raw materials. Notably, in the production of acrylonitrile-butadiene-styrene (ABS) resin, which finds extensive applications in plastics manufacturing, butadiene-based rubber plays a pivotal role as a key component.
Polybutadiene, in particular, is a commonly utilized material in tire manufacturing, with its production accounting for over 70% of tires manufactured globally. Its predominant use in tires is attributed to its effectiveness in sidewall construction, where it helps mitigate strain induced by continuous bending during operation. Consequently, the demand for butadiene in the automotive sector is projected to witness a notable increase in the foreseeable future.
By Geography - Segment Analysis
The Asia Pacific holds the largest share of around 48% in the butadiene market size, due to the major end-use industry in the region for the year 2023 and is expected to grow during the forecast period. The demand for butadiene is high in APAC nations due to rising automotive, construction, healthcare, and electronic applications. Butadiene products such as styrene butadiene rubber, polybutadiene, and others are majorly used in tires, automotive exhausts, conveyor belts, and others.The increasing demand for butadiene and its derivatives is likely to boost the growth in the market. Furthermore, China is emerging to dominate the butadiene market share owing to increased ethylene manufacturing preference in this region. Thus, the butadiene products will see a major growth owing to their rising dominance and application in various end-use industries, thereby creating a traction for the butadiene market in the forecast period. The Asia-Pacific region dominated the 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 rapidly increased. 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.
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Drivers – Butadiene Market
An increase in Automotive productions in the forecast period is driving the demand for the Butadiene Market.
An increase in automotive production has boosted the global butadiene market. Various butadiene-derived products such as polybutadiene rubber, styrene-butadiene rubber, nitrile rubber, and others are used in automotive for production of the tires, conveyor belts, and other components. The acrylonitrile butadiene rubber resin is majorly used in automotive to reduce the weight of tires, due to the rising trend for lightweight tires and vehicle bodies. The component enhancements such as wear, rolling resistance, and traction make it a preferable option in the automotive industry. In India, there are 41 tire manufacturers and around 6,000 non-tire manufacturers producing seals, conveyor belts, and extruded and molded rubber profiles to be used in automotive, railway, defense, aerospace, and other applications.Thus, the increasing tire production and demand will create a major drive in the market and overall butadiene industry outlook.
Rise of butadiene product derivatives for industrial and medical application
The growth of butadiene for medical applications will create a major drive in the butadiene market. The acrylonitrile butadiene styrene offers high strength, resistance, and performance, which makes it suitable for industrial, electronics, and medical uses. The growth of synthetic rubber-based gloves in pandemics has led to a major rise in demand for butadiene. The demand for acrylonitrile butadiene styrene is increasing owing to the application and demand from medical end-users such as respiratory devices, miniature implants, insulin pens, and others. For instance, STYROFAN by BASF has major applications as binders in building materials, carpet, construction, and others. Furthermore, the application of styrene-butadiene for coating applications of carpet backs, paper, and others will create a demand in the market, along with the rising usability of other derivatives in manufacturing, footwear, packaging, and other applications. Thus, the global butadiene market will see a drive owing to the various industrial and medical applications of the butadiene product in the forecast period.
Challenges – Recycled Polyethylene Terephthalate Market
Increasing health concerns and safety threats can create challenges to butadiene production
The butadiene has various applications in personal care, healthcare, and automotive. The rising health concerns regarding the exposure and carcinogenic presence can become a hindrance. According to Environmental Protection Agency (EPA), the 1,3 butadiene is cited as a carcinogenic substance. Prolonged exposure can create issues such as headache, dizziness, leukemia, and cardiovascular problems. Thus, it will lead to a decrease in production and consumption of the butadiene, thereby creating a major challenge for the butadiene market due to health safety and halted production Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies that are adopted by the dominant players in the market. Butadiene top 10 companies include:
1. Royal Dutch Shell Plc.
2. TPC Group Inc
3. BASF SE
4. ExxonMobil Chemical Company
5. Braskem
6. ENI S.p.a
7. LyondellBasell
8. Linde Group
9. LG Chem
10. Haldia Petrochemicals
Developments:
In In July 2022, Sinopec and INEOS Group announced agreements to collaborate on three joint ventures aimed at expanding the production of petrochemicals to help meet rising demand in China's market. INEOS acquired 50% of Sinopec subsidiary SECCO Petrochemical Co. Ltd. ( which produces butadiene). INEOS and Sinopec will form a new 50-50 joint venture to focus on increasing China's production capacity of acrylonitrile butadiene styrene (ABS) by up to 1.2 million tons per year (tpy) via the construction of two new 300,000-tpy ABS plants.
In June 2022, BASF extended its series of Licity anode binders for Li-ion battery manufacturing. The second-generation styrene-butadiene rubber (SBR) binder Licity 2698 X F facilitates the use of silicon contents exceeding 20%. The product also offers higher capacity, an increased number of charge/discharge cycles, and reduced charging times.
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1. Butadiene Market- Market Overview
1.1 Definitions and Scope
2. Butadiene Market - Executive Summary
2.1 Key Trends by Production Process
2.2 Key Trends by Product
2.3 Key Trends by Application
2.4 Key Trends by End Use Industry
2.5 Key Trends by Geography
3. Butadiene Market – Comparative analysis
3.1 Market Share Analysis- Major Companies
3.2 Product Benchmarking- Major Companies
3.3 Top 5 Financials Analysis
3.4 Patent Analysis- Major Companies
3.5 Pricing Analysis (ASPs will be provided)
4. Butadiene Market - Startup companies Scenario Premium Premium
4.1 Major startup company analysis:
4.1.1 Investment
4.1.2 Revenue
4.1.3 Product portfolio
4.1.4 Venture Capital and Funding Scenario
5. Butadiene Market – Industry Market Entry Scenario Premium io Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Successful Venture Profiles
5.4 Customer Analysis – Major companies
6. Butadiene Market - Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Buyers
6.3.3 Threat of New Entrants
6.3.4 Competitive Rivalry
6.3.5 Threat of Substitutes
7. Butadiene Market – Strategic Analysis
7.1 Value/Supply Chain Analysis
7.2 Opportunity Analysis
7.3 Product/Market Life Cycle
7.4 Distributor Analysis – Major Companies
8. Butadiene Market – By Production Process
8.1 Steam Cracking
8.2 Houdry Process
8.3 Oxo-D Process
9. Butadiene Market – By Product (Market Size -$Million/Billion)
9.1 Styrene butadiene rubber
9.2 Acrylonitrile butadiene styrene
9.3 Polybutadiene rubber
9.4 Nitrile Rubber
9.5 Others
10. Butadiene Market – By Application (Market Size -$Million/Billion)
10.1 Synthetic Rubber
10.2 Thermoplastic rubber
10.3 Latexes
10.4 Conveyor belt
10.5 Surgical Gloves
10.6 Golf ball
10.7 Tires
10.8 Others
11. Butadiene Market – By End Use Industry (Market Size -$Million/Billion)
11.1 Automotive Industry
11.1.1 Commercial vehicles
11.1.2 Passenger vehicles
11.1.3 Automotive components
11.1.4 Others
11.2 Electronics
11.3 Chemical industry
11.4 Construction industry
11.5 Others
12. Butadiene Market - By Geography (Market Size -$Million/Billion)
12.1 North America
12.1.1 USA
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 UK
12.2.2 Germany
12.2.3 France
12.2.4 Italy
12.2.5 Netherlands
12.2.6 Spain
12.2.7 Russia
12.2.8 Belgium
12.2.9 Rest of Europe
12.3 Asia-Pacific
12.3.1 China
12.3.2 Japan
12.3.3 India
12.3.4 South Korea
12.3.5 Australia and New Zeeland
12.3.6 Indonesia
12.3.7 Taiwan
12.3.8 Malaysia
12.3.9 Rest of APAC
12.4 South America
12.4.1 Brazil
12.4.2 Argentina
12.4.3 Colombia
12.4.4 Chile
12.4.5 Rest of South America
12.5 Rest of the World
12.5.1 Middle East
12.5.1.1 Saudi Arabia
12.5.1.2 UAE
12.5.1.3 Israel
12.5.1.4 Rest of the Middle East
12.5.2 Africa
12.5.2.1 South Africa
12.5.2.2 Nigeria
12.5.2.3 Rest of Africa
13. Butadiene Market – Entropy
13.1 New Product Launches
13.2 M&As, Collaborations, JVs and Partnerships
14. Butadiene Market – Industry/Competition Segment Analysis Premium
14.1 Company Benchmarking Matrix – Major Companies
14.2 Market Share at Global Level - Major companies
14.3 Market Share by Key Region - Major companies
14.4 Market Share by Key Country - Major companies
14.5 Market Share by Key Application - Major companies
14.6 Market Share by Key Type/Product category - Major companies
15. Butadiene Market – Key Company List by Country Premium Premium
16. Butadiene Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
16.1 Royal Dutch Sheel Plc
16.2 TPC Group Inc
16.3 BASF SE
16.4 ExxonMobil Chemical Company
16.5 Braskem
16.6 ENI S.p.a
16.7 LyondellBasell
15.8 Linde Group
16.9 Haldia Petrochemicals and more
"*Financials would be provided on a best effort basis for private companies"
LIST OF TABLES
LIST OF FIGURES
1.US Butadiene Market Revenue, 2019-2024 ($M)2.Canada Butadiene Market Revenue, 2019-2024 ($M)
3.Mexico Butadiene Market Revenue, 2019-2024 ($M)
4.Brazil Butadiene Market Revenue, 2019-2024 ($M)
5.Argentina Butadiene Market Revenue, 2019-2024 ($M)
6.Peru Butadiene Market Revenue, 2019-2024 ($M)
7.Colombia Butadiene Market Revenue, 2019-2024 ($M)
8.Chile Butadiene Market Revenue, 2019-2024 ($M)
9.Rest of South America Butadiene Market Revenue, 2019-2024 ($M)
10.UK Butadiene Market Revenue, 2019-2024 ($M)
11.Germany Butadiene Market Revenue, 2019-2024 ($M)
12.France Butadiene Market Revenue, 2019-2024 ($M)
13.Italy Butadiene Market Revenue, 2019-2024 ($M)
14.Spain Butadiene Market Revenue, 2019-2024 ($M)
15.Rest of Europe Butadiene Market Revenue, 2019-2024 ($M)
16.China Butadiene Market Revenue, 2019-2024 ($M)
17.India Butadiene Market Revenue, 2019-2024 ($M)
18.Japan Butadiene Market Revenue, 2019-2024 ($M)
19.South Korea Butadiene Market Revenue, 2019-2024 ($M)
20.South Africa Butadiene Market Revenue, 2019-2024 ($M)
21.North America Butadiene By Application
22.South America Butadiene By Application
23.Europe Butadiene By Application
24.APAC Butadiene By Application
25.MENA Butadiene By Application
26.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Braskem S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Petroleum Chemical Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Eni S.p.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Evonik Industries, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.ExxonMobil Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Formosa Plastics Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Ineos Group AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.JSR Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Lanxess AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)