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Butadiene Market Size, Share, Industry & Opportunities 2031

Butadiene Market

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Segments - by Applications (Polybutadiene (PBR), Chloroprene, Styrene-butadiene (SBR), Nitrile Rubber (Acrylonitrile Butadiene NBR), Acrylonitrile Butadiene Styrene (ABS), Adiponitrile, Sulfolane, Ethylidene Norbornene, Styrene Butadiene Latex, and Others), End-user Industries (Plastic and Polymer, Tire and Rubber, Chemical, and Others), and Regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author :

Riddhesh Dani

Fact-checked by :

Harneet Meher

Editor :

Shruti Bhat

Report Description

The Global Butadiene Market size was valued at USD 13.12 Million in 2022 and is expected to surpass USD 18.21 Million by 2031, expanding at a CAGR of 3.71% during the forecast period, 2023 – 2031. The growth of the market is attributed developing downstream industry globally.

Butadiene is a colorless and highly reactive gas, which is used for the production of rubber and plastic products. The resultant rubber and plastic products are used in industries such as automotive, construction, packaging, as well as protective clothing.

Butadiene is a major product of the petrochemical industry and an important building block for many consumer and industrial products. The chemical compound is primarily used as a chemical intermediate and a monomer in the manufacturing of polymers such as synthetic rubbers or elastomers. Polymers made from butadiene are used for production of carpet backing, plastic gloves, wetsuits, rubber hoses, and gaskets.

Market Trends, Drivers, Restraints, and Opportunities

Rapidly growing automotive production is one of the major drivers that is contributing to the growth of the global Butadiene market.
Improved functionality of butadiene is expected to augment the growth of the market.
Declining production due to reduced shale oil discoveries can restraint the market growth.
Hazardous effects caused by butadiene and stringent regulations regarding the usage can hamper the market growth.
Rising trend of bio-butadiene is expected to create lucrative opportunities for industry players in the projected timeline.

Scope of Butadiene Market Report

The report on the global butadiene market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Butadiene Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Application (Polybutadiene (PBR), Chloroprene, Styrene-butadiene (SBR), Nitrile Rubber (Acrylonitrile Butadiene NBR), Acrylonitrile Butadiene Styrene (ABS), Adiponitrile, Sulfolane, Ethylidene Norbornene, Styrene Butadiene Latex, and Others), End-user Industries (Plastic and Polymer, Tire and Rubber, Chemical, and Others)
Regional scope	North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	China Petroleum & Chemical Corporation, TPC Group, Exxon Mobil Corporation, Royal Dutch Shell PLC, and LyondellBasell Industries Holdings BV.

Butadiene Market Segment Insights

Polybutadiene (PBR) segment to grow at a rapid pace

Based on applications, the market is divided into polybutadiene (PBR), chloroprene, styrene-butadiene (SBR), nitrile rubber (acrylonitrile butadiene NBR), acrylonitrile butadiene styrene (ABS), adiponitrile, sulfolane, ethylidene norbornene, styrene butadiene latex, and others.

The polybutadiene (PBR) segment is anticipated to account for a major market share and is anticipated to grow at a robust rate, followed by the acrylonitrile butadiene styrene (ABS) segment. The contributing factors for the growth of the polybutadiene (PBR) segment is its increasing usage in the automotive industry, as it relies on PBR for non-tire applications, such as hoses, belts, and gaskets owing to its high resistance to cold temperatures.

Tire and rubber segment to account a major market share

Based on end user industry, the market is divided into plastic and polymer, tire and rubber, chemical, and others. The tire and rubber segment is anticipated to account for a major market share due to the growing automobile industry. Rising disposable income is contributing to the growth of the market segment.

Asia Pacific to account a considerable market share

On the basis of regions, the market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Asia Pacific is anticipated to account for a considerable market share owing to rising shale gas exploration, both in capacity and drilling techniques, making the region one of the top shale gas suppliers worldwide. India-based industry players are working on developing the shale gas exploration in its coastal regions along with the collaboration of the US companies. Thus, such factor is driving the growth of the market in the region.

Segments

The global Butadiene have been segmented on the basis of

Applications

Polybutadiene (PBR)
Chloroprene
Styrene-butadiene (SBR)
Nitrile Rubber (Acrylonitrile Butadiene NBR)
Acrylonitrile Butadiene Styrene (ABS)
Adiponitrile
Sulfolane
Ethylidene Norbornene
Styrene Butadiene Latex
Others

End-user Industries

Plastic and Polymer
Tire and Rubber
Chemical
Others

Regions

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Key Players

China Petroleum & Chemical Corporation
TPC Group
Exxon Mobil Corporation
Royal Dutch Shell PLC
LyondellBasell Industries Holdings B.V.

Competitive Landscape

The major players of the market are China Petroleum & Chemical Corporation, TPC Group, Exxon Mobil Corporation, Royal Dutch Shell PLC, and LyondellBasell Industries Holdings BV.

Companies are investing in R&D activities and are engaging in joint ventures and acquisitions to expand their market share.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Butadiene Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Butadiene Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Butadiene Market - Supply Chain
  4.5. Global Butadiene Market Forecast
     4.5.1. Butadiene Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Butadiene Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Butadiene Market Absolute $ Opportunity
5. Global Butadiene Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Butadiene Market Size and Volume Forecast by Applications
     5.3.1. Polybutadiene (PBR)
     5.3.2. Chloroprene
     5.3.3. Styrene-butadiene (SBR)
     5.3.4. Nitrile Rubber (Acrylonitrile Butadiene NBR)
     5.3.5. Acrylonitrile Butadiene Styrene (ABS)
     5.3.6. Adiponitrile
     5.3.7. Sulfolane
     5.3.8. Ethylidene Norbornene
     5.3.9. Styrene Butadiene Latex
     5.3.10. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Butadiene Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Butadiene Market Size and Volume Forecast by End Users
     6.3.1. Plastic and Polymer
     6.3.2. Tire and Rubber
     6.3.3. Chemical
     6.3.4. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Butadiene Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Butadiene Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Butadiene Demand Share Forecast, 2019-2026
8. North America Butadiene Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Butadiene Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Butadiene Market Size and Volume Forecast by Applications
     8.4.1. Polybutadiene (PBR)
     8.4.2. Chloroprene
     8.4.3. Styrene-butadiene (SBR)
     8.4.4. Nitrile Rubber (Acrylonitrile Butadiene NBR)
     8.4.5. Acrylonitrile Butadiene Styrene (ABS)
     8.4.6. Adiponitrile
     8.4.7. Sulfolane
     8.4.8. Ethylidene Norbornene
     8.4.9. Styrene Butadiene Latex
     8.4.10. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. North America Butadiene Market Size and Volume Forecast by End Users
     8.7.1. Plastic and Polymer
     8.7.2. Tire and Rubber
     8.7.3. Chemical
     8.7.4. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Butadiene Demand Share Forecast, 2019-2026
9. Latin America Butadiene Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Butadiene Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Butadiene Market Size and Volume Forecast by Applications
     9.4.1. Polybutadiene (PBR)
     9.4.2. Chloroprene
     9.4.3. Styrene-butadiene (SBR)
     9.4.4. Nitrile Rubber (Acrylonitrile Butadiene NBR)
     9.4.5. Acrylonitrile Butadiene Styrene (ABS)
     9.4.6. Adiponitrile
     9.4.7. Sulfolane
     9.4.8. Ethylidene Norbornene
     9.4.9. Styrene Butadiene Latex
     9.4.10. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Latin America Butadiene Market Size and Volume Forecast by End Users
     9.7.1. Plastic and Polymer
     9.7.2. Tire and Rubber
     9.7.3. Chemical
     9.7.4. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Butadiene Demand Share Forecast, 2019-2026
10. Europe Butadiene Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Butadiene Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Butadiene Market Size and Volume Forecast by Applications
     10.4.1. Polybutadiene (PBR)
     10.4.2. Chloroprene
     10.4.3. Styrene-butadiene (SBR)
     10.4.4. Nitrile Rubber (Acrylonitrile Butadiene NBR)
     10.4.5. Acrylonitrile Butadiene Styrene (ABS)
     10.4.6. Adiponitrile
     10.4.7. Sulfolane
     10.4.8. Ethylidene Norbornene
     10.4.9. Styrene Butadiene Latex
     10.4.10. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Europe Butadiene Market Size and Volume Forecast by End Users
     10.7.1. Plastic and Polymer
     10.7.2. Tire and Rubber
     10.7.3. Chemical
     10.7.4. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Butadiene Demand Share Forecast, 2019-2026
11. Asia Pacific Butadiene Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Butadiene Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Butadiene Market Size and Volume Forecast by Applications
     11.4.1. Polybutadiene (PBR)
     11.4.2. Chloroprene
     11.4.3. Styrene-butadiene (SBR)
     11.4.4. Nitrile Rubber (Acrylonitrile Butadiene NBR)
     11.4.5. Acrylonitrile Butadiene Styrene (ABS)
     11.4.6. Adiponitrile
     11.4.7. Sulfolane
     11.4.8. Ethylidene Norbornene
     11.4.9. Styrene Butadiene Latex
     11.4.10. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Asia Pacific Butadiene Market Size and Volume Forecast by End Users
     11.7.1. Plastic and Polymer
     11.7.2. Tire and Rubber
     11.7.3. Chemical
     11.7.4. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Butadiene Demand Share Forecast, 2019-2026
12. Middle East & Africa Butadiene Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Butadiene Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Butadiene Market Size and Volume Forecast by Applications
     12.4.1. Polybutadiene (PBR)
     12.4.2. Chloroprene
     12.4.3. Styrene-butadiene (SBR)
     12.4.4. Nitrile Rubber (Acrylonitrile Butadiene NBR)
     12.4.5. Acrylonitrile Butadiene Styrene (ABS)
     12.4.6. Adiponitrile
     12.4.7. Sulfolane
     12.4.8. Ethylidene Norbornene
     12.4.9. Styrene Butadiene Latex
     12.4.10. Others
  12.5. Basis Point Share (BPS) Analysis by Applications
  12.6. Y-o-Y Growth Projections by Applications
  12.7. Middle East & Africa Butadiene Market Size and Volume Forecast by End Users
     12.7.1. Plastic and Polymer
     12.7.2. Tire and Rubber
     12.7.3. Chemical
     12.7.4. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Butadiene Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Butadiene Market: Market Share Analysis
  13.2. Butadiene Distributors and Customers
  13.3. Butadiene Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. China Petroleum & Chemical Corporation
     13.4.2. TPC Group
     13.4.3. Exxon Mobil Corporation
     13.4.4. Royal Dutch Shell PLC
     13.4.5. LyondellBasell Industries Holdings B.V.

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