Butadiene Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
The global butadiene market size was estimated to be US$ 13.89 Billion in 2022 and is expected to grow at a CAGR of 17.8% between 2023 to 2032.
Butadiene is a colorless, flammable gas with a pungent odor that is used as a monomer in the production of synthetic rubber, plastics, and fibers. It is a highly reactive chemical that can be polymerized to form a variety of products with different properties, making it an important raw material in various industries.
Butadiene is widely used in the production of synthetic rubber, such as SBR (styrene-butadiene rubber), BR (butadiene rubber), and NBR (nitrile rubber), which are used in various end-use industries like tire manufacturing, automotive, and construction.
It is also used in the production of various plastics, including ABS (acrylonitrile-butadiene-styrene) and PVC (polyvinyl chloride), and in the production of synthetic fibers, such as nylon and spandex, which are used in clothing, upholstery, and industrial applications.
Major drivers for growth:
Rising demand for synthetic rubber is driving the market growth
The global butadiene market is being driven by a number of factors, including the growing demand for synthetic rubber, plastic, and synthetic fibers. Synthetic rubber, such as SBR (styrene-butadiene rubber), BR (butadiene rubber), and NBR (nitrile rubber), is widely used in the tire manufacturing, automotive, and construction industries, and its demand is growing due to the growth of these industries, particularly in emerging economies in the Asia-Pacific region.
Butadiene-based plastics, such as ABS (acrylonitrile-butadiene-styrene) and PVC (polyvinyl chloride), are widely used in consumer goods, construction materials, and electrical and electronic products. Their demand is growing due to the increasing popularity of electronic devices, such as smartphones.
The demand for butadiene-based synthetic fibers, such as nylon and spandex, is also growing due to their widespread use in clothing, upholstery, and industrial applications, particularly athletic wear.
Technological advancements are also playing a major role in driving the global butadiene market. Improvements in production processes have increased production efficiency and reduced costs, and the development of new derivatives has expanded the range of applications for butadiene. Improved product quality has also increased demand for butadiene and its derivatives.
Product type segmentation of Global Butadiene Market
Styrene-butadiene rubber (SBR) to Dominate the Market
Based on the product type, market is segmented into Butadiene Rubber, Styrene Butadiene Rubber, Acrylonitrile Butadiene Rubber, Nitrile Butadiene Rubber, Styrene Butadiene Latex, and Hexamethylenediamine.
The butadiene rubber segment is the largest in the global butadiene market, due to its widespread use in the tire industry as well as other applications such as automotive and construction.
Butadiene rubber, including BR (butadiene rubber) and SBR (styrene-butadiene rubber), is used as a reinforcing material in the production of tires, which are the largest consumers of butadiene rubber. The tire industry's growth is a major factor driving the demand for butadiene rubber.
In terms of growth rate, the styrene-butadiene rubber (SBR) segment is the fastest growing, due to its versatility and low cost compared to other synthetic rubber types.
SBR is widely used in the tire industry and other applications, including construction materials, automotive components, and electrical products. The growing demand for these products, particularly in emerging economies, is driving the growth of the SBR segment.
Production process segmentation of Global Butadiene Market
Steam cracking segment is the largest in the butadiene market
Based on the production process, the market is segmented into Steam Cracking, and Dehydrogenation. The steam cracking segment is the largest in the butadiene market based on production process. Steam cracking is the most widely used production process for producing butadiene from naphtha or ethylene.
This process involves the cracking of hydrocarbons, such as naphtha or ethylene, into smaller molecules, including butadiene. Steam cracking is a cost-effective and efficient method for producing butadiene, which is why it is the most widely used production process in the industry.
In the steam cracking process, naphtha or ethylene is heated in the presence of steam to break down the molecules into smaller ones, including butadiene. The butadiene produced through this process is further purified and processed to produce various derivatives, such as synthetic rubber and plastic.
End-user Industry segmentation of Global Butadiene Market
Increasing demand from the automobile industry is driving the growth of the market
Based on the end-user industry, the market is segmented into Automobile Industries, Chemical, Plastics and Polymers, Building & Construction, Consumer Products Industries, Healthcare, and other industries. Among these, the automobile industry is the largest segment.
The growth of this segment can be attributed to the increasing demand for butadiene in the production of various automotive components, such as tires, hoses, belts, and seals.
Butadiene is a key ingredient in the production of synthetic rubber, which is used to make various automotive components, such as tires. The growing demand for vehicles, especially in emerging economies, is driving the growth of the automobile industry, which in turn is driving the growth of the butadiene market.
While, the fastest growing end-user industry in the butadiene market is the building and construction industry. The growth of this segment can be attributed to the increasing demand for butadiene in the production of various building and construction materials, such as insulation materials, flooring, and adhesives.
Butadiene is a key ingredient in the production of various synthetic materials, which are used in the building and construction industry. The growing demand for sustainable and eco-friendly building materials is driving the growth of this segment.
Regional trends of the Global Butadiene Market
China is the largest producer and consumer of butadiene in the world
Geographically, the global butadiene market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. Among these, the Asia-Pacific is the largest market, followed by Europe and North America.
The dominance of the Asia-Pacific region can be attributed to the presence of major butadiene producing countries, such as China, South Korea, and Japan. China is the largest producer and consumer of butadiene in the world, which is one of the major factors driving the growth of the Asia-Pacific butadiene market.
The growing demand for butadiene from the automobile and tire industries in the Asia-Pacific region is also contributing to the growth of the butadiene market in the region.
The fastest-growing market for butadiene is the Asia-Pacific region, with China being the major contributor. The growing demand for butadiene from the automobile and tire industries in China is driving the growth of the Asia-Pacific butadiene market.
Additionally, the increasing demand for synthetic rubber, plastic, and synthetic fibers in the Asia-Pacific region, especially in China, is also driving the growth of the butadiene market in the region.
Key players and market strategies:
Key growth strategies adopted by companies operating in the global butadiene market include expanding their production capacity, forming strategic partnerships and collaborations, and investing in research and development activities.
Companies are expanding their production capacities to meet the growing demand for butadiene and its derivatives, such as synthetic rubber and plastic, in various end-use industries. For example, some companies are constructing new production facilities or expanding existing ones to increase their production capacities and tap into the growing demand for these products.
Another key growth strategy adopted by companies in the butadiene market is forming strategic partnerships and collaborations. Companies are entering into partnerships with other companies in the chemical and petrochemical industry to share resources, technologies, and market knowledge.
These partnerships and collaborations help companies reduce their costs, improve their competitiveness, and expand their market presence. In addition, companies are investing in research and development activities to develop new products, processes, and technologies that can help them increase their market share and meet the changing demands of their customers.
Some of the biggest companies operating in the global butadiene market are Borealis AG., China Petroleum & Chemical Corporation, Eni S.p.A., Evonik Industries AG, Ineos Group AG, LANXESS, LG Chem, LyondellBasell Industries Holdings B.V., Nizhnekamskneftekhim., Royal Dutch Shell Plc, Repsol, Shanghai Petrochemical, SABIC, The Dow Chemical Company, TPC Group, Formosa Plastics Corporation, Versalis S.p.A., ZEON Corporation., and others.
Market Segmentation:
By Product Type
- Butadiene Rubber
- Styrene Butadiene Rubber
- Acrylonitrile Butadiene Rubber
- Nitrile Butadiene Rubber
- Styrene Butadiene Latex
- Hexamethylenediamine
By Production Process
- Steam Cracking
- Dehydrogenation
By End-User
- Automobile Industries
- Chemical
- Plastics and Polymers
- Building & Construction
- Consumer Products Industries
- Healthcare
- Others
By Region
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Butadiene Market
- Global Butadiene Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Porter’s Five Forces Analysis
- Value Chain Analysis
- Trends
- Global Butadiene Market Analysis and Forecast, by Product Type
- Overview and definitions
- Key segment analysis
- Global Butadiene Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Butadiene Rubber
- Styrene Butadiene Rubber
- Acrylonitrile Butadiene Rubber
- Nitrile Butadiene Rubber
- Styrene Butadiene Latex
- Hexamethylenediamine
- Global Butadiene Market Analysis and Forecast, by Production Process
- Overview and definitions
- Key segment analysis
- Global Butadiene Market Estimates (US$ Mn), by Production Process, 2019 – 2032
- Steam Cracking
- Dehydrogenation
- Global Butadiene Market Analysis and Forecast, by End Use
- Overview and definitions
- Key segment analysis
- Global Butadiene Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Automobile Industries
- Chemical
- Plastics and Polymers
- Building & Construction
- Consumer Products Industries
- Healthcare
- Others
- Global Butadiene Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Butadiene Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Butadiene Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Butadiene Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Butadiene Rubber
- Styrene Butadiene Rubber
- Acrylonitrile Butadiene Rubber
- Nitrile Butadiene Rubber
- Styrene Butadiene Latex
- Hexamethylenediamine
- North America Butadiene Market Estimates (US$ Mn), by Production Process, 2019 – 2032
- Steam Cracking
- Dehydrogenation
- North America Butadiene Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Automobile Industries
- Chemical
- Plastics and Polymers
- Building & Construction
- Consumer Products Industries
- Healthcare
- Others
- North America Butadiene Market Estimates (US$ Mn), by Country, 2019 – 2032
- United States
- Canada
- Rest of North America
- Europe Butadiene Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Butadiene Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Butadiene Rubber
- Styrene Butadiene Rubber
- Acrylonitrile Butadiene Rubber
- Nitrile Butadiene Rubber
- Styrene Butadiene Latex
- Hexamethylenediamine
- Europe Butadiene Market Estimates (US$ Mn), by Production Process, 2019 – 2032
- Steam Cracking
- Dehydrogenation
- Europe Butadiene Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Automobile Industries
- Chemical
- Plastics and Polymers
- Building & Construction
- Consumer Products Industries
- Healthcare
- Others
- Europe Butadiene Market Estimates (US$ Mn), by Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific Butadiene Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Butadiene Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Butadiene Rubber
- Styrene Butadiene Rubber
- Acrylonitrile Butadiene Rubber
- Nitrile Butadiene Rubber
- Styrene Butadiene Latex
- Hexamethylenediamine
- Asia Pacific Butadiene Market Estimates (US$ Mn), by Production Process, 2019 – 2032
- Steam Cracking
- Dehydrogenation
- Asia Pacific Butadiene Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Automobile Industries
- Chemical
- Plastics and Polymers
- Building & Construction
- Consumer Products Industries
- Healthcare
- Others
- Asia Pacific Butadiene Market Estimates (US$ Mn), by Country, 2019 – 2032
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa Butadiene Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Butadiene Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Butadiene Rubber
- Styrene Butadiene Rubber
- Acrylonitrile Butadiene Rubber
- Nitrile Butadiene Rubber
- Styrene Butadiene Latex
- Hexamethylenediamine
- Middle East & Africa Butadiene Market Estimates (US$ Mn), by Production Process, 2019 – 2032
- Steam Cracking
- Dehydrogenation
- Middle East & Africa Butadiene Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Automobile Industries
- Chemical
- Plastics and Polymers
- Building & Construction
- Consumer Products Industries
- Healthcare
- Others
- Middle East & Africa Butadiene Market Estimates (US$ Mn), by Country, 2019 – 2032
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America Butadiene Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Butadiene Market Estimates (US$ Mn), by Product Type, 2019 – 2032
- Butadiene Rubber
- Styrene Butadiene Rubber
- Acrylonitrile Butadiene Rubber
- Nitrile Butadiene Rubber
- Styrene Butadiene Latex
- Hexamethylenediamine
- South America Butadiene Market Estimates (US$ Mn), by Production Process, 2019 – 2032
- Steam Cracking
- Dehydrogenation
- South America Butadiene Market Estimates (US$ Mn), by End Use, 2019 – 2032
- Automobile Industries
- Chemical
- Plastics and Polymers
- Building & Construction
- Consumer Products Industries
- Healthcare
- Others
- South America Butadiene Market Estimates (US$ Mn), by Country, 2019 – 2032
- Brazil
- Argentina
- Rest of South America
- Competition Analysis – Global Butadiene Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Borealis AG
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- China Petroleum & Chemical Corporation
- Eni S.p.A.
- Evonik Industries AG
- Ineos Group AG
- LANXESS
- LG Chem
- LyondellBasell Industries Holdings B.V.
- Nizhnekamskneftekhim
- Royal Dutch Shell Plc
- Repsol
- Shanghai Petrochemical
- SABIC
- The Dow Chemical Company
- TPC Group
- Formosa Plastics Corporation
- Versalis S.p.A.
- ZEON Corporation
- Borealis AG
- Conclusion & Recommendations
Frequently asked questions about this report
What is the Compound Annual Growth Rate (CAGR) of the butadiene market?
The butadiene market is estimated to exhibit a CAGR of 17.8% between 2023 to 2032.
Which country is the largest producer and consumer of butadiene in the world?
China is the largest producer and consumer of butadiene in the world, which is one of the major factors driving the growth of the butadiene market.
How big is the butadiene market?
The butadiene market size was estimated to be US$ 13.89 Billion in 2022.
Which product type is the fastest growing in the butadiene market?
The styrene-butadiene rubber (SBR) segment is the fastest growing, due to its versatility and low cost compared to other synthetic rubber types.
Which production process is the largest in the butadiene market?
The steam cracking segment is the largest in the butadiene market based on production process. Steam cracking is the most widely used production process for producing butadiene from naphtha or ethylene.
Which end user will lead the global butadiene market?
The construction industry is the leader in the organic dairy market. The growth of this segment can be attributed to the increasing demand for butadiene in the production of various building and construction materials, such as insulation materials, flooring, and adhesives.
Which are the companies operating in the butadiene industry?
Borealis AG., China Petroleum & Chemical Corporation, Eni S.p.A., Evonik Industries AG, Ineos Group AG, LANXESS, LG Chem, LyondellBasell Industries Holdings B.V., Nizhnekamskneftekhim., Royal Dutch Shell Plc, Repsol, Shanghai Petrochemical, SABIC, The Dow Chemical Company, TPC Group, Formosa Plastics Corporation, Versalis S.p.A., ZEON Corporation among others are the major players in this organic dairy industry.