Global Butadiene Market to Reach USD 19.80 Billion by 2031 | CAGR of 5.4%
Category : Materials And Chemicals | Published Date : Nov 2024 | Type : Press Release
Butadiene Market Scope & Overview:
As per the Consegic Business Intelligence newly published report, the Global Butadiene Market size was valued at USD 12.95 billion in 2023 and is projected to register a CAGR of 5.4%, reaching USD 19.80 billion by 2031. Butadiene is a colorless, highly volatile gas widely used as a key component in the production of synthetic rubbers, resins, and various automotive and construction applications.
The report comprises the Butadiene Market Share, Size & Industry Analysis, By Application (Styrene-Butadiene Rubber (SBR), Acrylonitrile Butadiene Styrene (ABS), Polybutadiene Rubber (PBR), Nitrile Butadiene Rubber (NBR), SB Latex, and Others), By Production Process (Oxo-Diene Process, Extraction Process, Dehydrogenation Process, Ethanol to Butadiene (ETB) Process), By End-User Industry (Automotive, Construction, Consumer Goods, Electrical & Electronics, Healthcare, Others), By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa), and Forecast, 2024-2031.
The report contains detailed information on Butadiene Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Rising demand for synthetic rubbers in the automotive sector and expanding applications in construction are key drivers of market growth. Innovations in bio-based butadiene production also provide significant growth opportunities.
Segmental Analysis :
Based on Application, the market is segmented into Styrene-Butadiene Rubber (SBR), Acrylonitrile Butadiene Styrene (ABS), Polybutadiene Rubber (PBR), Nitrile Butadiene Rubber (NBR), SB Latex, and others.
- The SBR segment held the largest market share in 2023, driven by its widespread use in tire manufacturing for durability and performance.
- ABS is expected to register the fastest growth, driven by demand in consumer electronics, automotive interiors, and 3D printing applications.
Based on Production Process, the market includes the oxo-diene process, extraction process, dehydrogenation process, and ethanol to butadiene (ETB) process.
- The oxo-diene process accounted for the largest share in 2023 due to its high yield and cost-effectiveness.
- The extraction process is projected to grow fastest, driven by technological advancements in achieving higher purity and sustainability.
Based on End-User Industry, the market is divided into automotive, construction, consumer goods, electrical & electronics, healthcare, and others.
- The automotive segment held the largest share in 2023, as butadiene-based rubbers are critical for tire manufacturing and various automotive components.
- Construction is expected to see rapid growth, as butadiene derivatives are used in adhesives, sealants, and concrete additives for enhanced durability.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
- Asia-Pacific led the market in 2023, driven by high demand in automotive manufacturing and infrastructure projects in countries like China and India.
- North America is projected to experience significant growth, with an emphasis on sustainability in automotive and construction sectors.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 19.80 Billion |
| CAGR (2024-2031) | 3.4% |
| By Application | Styrene-Butadiene Rubber (SBR), Acrylonitrile Butadiene Styrene (ABS), Polybutadiene Rubber (PBR), Nitrile Butadiene Rubber (NBR), SB Latex, Others |
| By Production Process | Oxo-Diene Process, Extraction Process, Dehydrogenation Process, Ethanol to Butadiene (ETB) Process |
| By End-User Industry | Automotive, Construction, Consumer Goods, Electrical & Electronics, Healthcare, Others |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Butadiene Industry:
- TPC Group (U.S)
- China Petroleum and Chemical Corporation (China)
- Shell plc (UK)
- China National Petroleum Corporation (China)
- Formosa Plastics Corporation (US)
- INEOS Group Ltd. (UK)
- Exxon Mobil Corporation (US)
- ZEON Corporation (Japan)
- Shanghai Petrochemical (China)
Recent Industry Developments :
- January 2024: Michelin, along with IFPEN and Axens, launched France's first industrial-scale pilot facility for bio-based butadiene production at its site near Bordeaux.
- January 2024: Evonik announced capacity expansion for hydroxyl-terminated polybutadienes (HTPB) in Central and South America, supporting growth in polybutadiene products for aerospace and electronics.
