PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1490145
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1490145
Butadiene Market, By Application, By End-use Industry, By Geography
Global butadiene market is estimated to be valued at USD 35.38 Bn in 2024 and is expected to reach USD 53.55 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 35.38 Bn |
| Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
| Forecast Period 2024 to 2031 CAGR: | 6.10% | 2031 Value Projection: | US$ 53.55 Bn |
Global butadiene market has been witnessing steady growth over the past few years, owing to rising demand from various end-use industries including automotive, construction, and textile. Butadiene is an important raw material used in the production of synthetic rubber as it imparts elasticity and strength to rubber products. It is primarily utilized in the manufacturing of styrene-butadiene rubber and Polybutadiene. Growing automobile fleet across both developed and developing nations and increasing preference for fuel-efficient and lightweight vehicles boosts the consumption of butadiene-based tires and other automotive rubber components. Moreover, growing construction sector along with rising infrastructure development activities around the world have enhanced the product adoption in polymers and resins used in various construction applications. Increasing population and industrialization is expected to drive the global butadiene market growth over the forecast period.
Market Dynamics:
Robust growth of the automotive sector, especially in developing countries such as China, India and others, is expected to boost demand for butadiene worldwide. Increasing vehicle affordability coupled with rising focus toward fuel-efficient and environment-friendly vehicles has provided a fillip to the tire manufacturing industry. Butadiene finds widespread usage in the production of synthetic rubber such as styrene butadiene rubber (SBR) which is used to manufacture tire components including tread, sidewall and hoses. However, fluctuating raw material prices due to supply constraints and high dependency on crude oil derivatives for butadiene production can hamper the market growth. Growing demand for polybutadiene rubber (PBR) in various end-use applications including coatings, adhesives and sealants offers potential growth opportunities for the players operating in the market.
Key Features of the Study:
- This report provides in-depth analysis of the global butadiene market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global butadiene market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include BASF SE, Braskem, China Petroleum & Chemical Corporation, Dow, Evonik Industries AG, Exxon Mobil Corporation, Formosa Plastics Corporation, INEOS, JSR Corporation, LG Chem, LOTTE CHEMICAL TITAN HOLDING BERHAD, LyondellBasell Industries Holdings BV, Reliance Industries Limited., Repsol, Royal Dutch Shell Plc, SABIC, TPC Group, China National Petroleum Corporation.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
- Global butadiene market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global butadiene market.
Detailed Segmentation-
- By Application:
- Polybutadiene
- Chloroprene
- Styrene-Butadiene
- Nitrile Rubber
- SB Latex
- Acrylonitrile Butadiene Styrene
- Others
- By End-use Industry:
- Plastic and Polymer
- Tire and Rubber
- Chemical
- Others
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- BASF SE
- Braskem
- China Petroleum & Chemical Corporation
- Dow
- Evonik Industries AG
- Exxon Mobil Corporation
- Formosa Plastics Corporation
- INEOS
- JSR Corporation
- LG Chem
- LOTTE CHEMICAL TITAN HOLDING BERHAD
- LyondellBasell Industries Holdings BV
- Reliance Industries Limited.
- Repsol
- Royal Dutch Shell Plc
- SABIC
- TPC Group
- China National Petroleum Corporation
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Application
- Market Snippet, By End-Use Industry
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
4. Global Butadiene Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Butadiene Market
- Impact Analysis
5. Global Butadiene Market, By Application, 2019-2031, (US$ Bn & KT)
- Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Polybutadiene
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Chloroprene
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Styrene-Butadiene
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Nitrile Rubber
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- SB Latex
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Acrylonitrile Butadiene Styrene
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
6. Global Butadiene Market, By End-use Industry, 2019-2031, (US$ Bn & KT)
- Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Plastic and Polymer
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Tire and Rubber
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Chemical
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
7. Global Butadiene Market, By Region, 2019-2031, (US$ Bn & KT)
- Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
- North America
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By End-use Industry, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT))
- Market Size and Forecast, By End-use Industry, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By End-use Industry, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By End-use Industry, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn & KT)
- Market Size and Forecast, By End-use Industry, 2019 - 2031 (US$ Bn & KT)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn & KT)
- GCC Countries
- Israel
- Rest of Middle East & Africa
8. Competitive Landscape
- Market Share Analysis
- Company Profiles
- BASF SE
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Braskem
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- China Petroleum & Chemical Corporation
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Dow
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Evonik Industries AG
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Exxon Mobil Corporation
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Formosa Plastics Corporation
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- INEOS
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- JSR Corporation
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- LG Chem
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- LOTTE CHEMICAL TITAN HOLDING BERHAD
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- LyondellBasell Industries Holdings BV
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Reliance Industries Limited.
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Repsol
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- Royal Dutch Shell Plc
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- SABIC
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- TPC Group
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- China National Petroleum Corporation
- Company Overview
- Product Portfolio
- Recent Developments/Updates
- BASF SE
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. Section
- References
- Research Methodology
- About Us and Sales Contact
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