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PUBLISHER: Grand View Research | PRODUCT CODE: 1530122
PUBLISHER: Grand View Research | PRODUCT CODE: 1530122
Bio-butadiene Market Size, Share & Trends Analysis Report By Grade (Industrial Grade, Laboratory Grade), By Application (Styrene Butadiene Rubber, Styrene Butadiene Latex), By End Use, By Region, And Segment Forecasts, 2024 - 2030
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Bio-butadiene Market Growth & Trends:
The global bio-butadiene market size is anticipated to reach USD 21,164 thousand by 2030, expanding at a CAGR of 9.75% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly attributed to inclined consumer preferences for eco-friendly products pushing companies to adopt bio-based alternatives. Bio-butadiene offers a renewable and lower carbon footprint option compared to its petroleum-derived counterpart. This shift toward sustainability presents a major opportunity for bio-butadiene in industries like tire manufacturing, plastics production, and adhesives, paving the way for a more environmentally responsible future.
High crude oil prices and low natural gas prices in the U.S. have prompted petrochemical companies to transition from oil-based naphtha cracking to ethane cracking derived from natural gas. This shift has led to a decrease in butadiene supply from traditional sources.
Moreover, there is growing interest in developing on-purpose butadiene production methods using both conventional and renewable feedstocks. Concurrently, there is significant enthusiasm for green tires, which utilize synthetic rubber made from bio-based monomers such as bio-isoprene and bio-butadiene. This sector is particularly active, with companies like Genomatica and Cobalt Technologies planning commercialization efforts within the next five years.
Companies are increasingly working on research and development of the product. For instance, the BioButterfly project by Michelin, IFPEN, and Axens utilizes bioethanol from sugar beet for bio-butadiene production. This project demonstrates the feasibility of the technology on an industrial scale. Also, companies like Braskem are exploring bio-based ABS production using bio-butadiene derived from sugarcane.
Companies such as Synthos manufactures product by utilizing renewable ethanol feedstock to produce raw butadiene through a two-step catalytic process. Subsequently, the raw butadiene undergoes further refinement to yield a high-purity butadiene product.
This price difference can make bio-butadiene a less attractive option for manufacturers, especially those focused on short-term profitability. As a result, wider adoption in the market is hindered until production costs become more competitive with traditional butadiene.
Bio-butadiene Market Report Highlights:
- Based on grade, the industrial segment was valued at USD 87.3 thousand in 2023 and is projected to reach USD 17,902.0 thousand by 2030. Industrial grade of the product finds applications in industries such as plastics, rubber, and chemical synthesis
- Based on application, styrene-butadiene rubber (SBR) market was valued at USD 32.4 thousand in 2023 and is projected to reach USD 6,907.2 thousand by 2030. It is a versatile synthetic rubber derived from the copolymerization of styrene and butadiene monomers
- Based on end use, the automotive and transportation segment accounted for the largest revenue share of 33.35% of the market in 2023 owing to the increasing consumption of the product in manufacturing tires and other rubber-based material in the automotive industry
- Europe is a prominent consumer of Bio-Butadiene in the world with a revenue share of 61.8% in 2023 owing to strong environmental regulations, like the European Union's Green Deal, push for decreased reliance on fossil fuels and promote bio-based alternatives
Product Code: GVR-4-68040-331-2
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Bio-Butadiene Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Butadiene Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Manufacturing and Technology trends
- 3.2.3. Sales Channel Analysis
- 3.2.4. List of Potential End Users
- 3.3. Price Trend Analysis, 2018-2030
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.5.4. Industry Opportunities
- 3.6. Industry Analysis Tools
- 3.6.1. Porter's Five Forces Analysis
- 3.6.2. Macro-environmental Analysis
Chapter 4. Bio-Butadiene Market: Grade Estimates & Trend Analysis
- 4.1. Grade Movement Analysis & Market Share, 2023 & 2030
- 4.2. Bio-Butadiene Market Estimates & Forecast, By Grade, 2018 to 2030 (Tons) (USD Thousand)
- 4.3. Industrial Grade
- 4.3.1. Industrial Grade Bio-Butadiene Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 4.4. Laboratory Grade
- 4.4.1. Laboratory Grade Bio-Butadiene Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Thousand)
Chapter 5. Bio-Butadiene Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2023 & 2030
- 5.2. Bio-Butadiene Market Estimates & Forecast, By Application, 2018 to 2030 (Tons) (USD Thousand)
- 5.3. Styrene Butadiene Rubber
- 5.3.1. Styrene Butadiene Rubber Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 5.4. Styrene Butadiene Latex
- 5.4.1. Styrene Butadiene Latex Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 5.5. Polybutadiene
- 5.5.1. Polybutadiene Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 5.6. Acrylonitrile
- 5.6.1. Acrylonitrile Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 5.7. Styrene-Butadiene Block Copolymers
- 5.7.1. Styrene Butadiene Rubber Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 5.8. Nitrile Butadiene Rubber
- 5.8.1. Nitrile Butadiene Rubber Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Thousand)
- 5.9. Other
- 5.9.1. Other Rubber Market Estimates and Forecasts, 2018 - 2030 (Tons) (USD Thousand)
Chapter 6. Bio-Butadiene Market: End Use Estimates & Trend Analysis
- 6.1. End Use Movement Analysis & Market Share, 2023 & 2030
- 6.2. Bio-Butadiene Market Estimates & Forecast, By End Use, 2018 to 2030 (Tons) (USD Thousand)
- 6.3. Automotive & Transportation
- 6.3.1. Bio-Butadiene Market Estimates and Forecasts, in Automotive & Transportation, 2018 - 2030 (Tons) (USD Thousand)
- 6.4. Consumer Goods
- 6.4.1. Bio-Butadiene Market Estimates and Forecasts, in Consumer Goods, 2018 - 2030 (Tons) (USD Thousand)
- 6.5. Chemical Processing
- 6.5.1. Bio-Butadiene Market Estimates and Forecasts, in Chemical Processing, 2018 - 2030 (Tons) (USD Thousand)
- 6.6. Building & Construction
- 6.6.1. Bio-Butadiene Market Estimates and Forecasts, in Building & Construction, 2018 - 2030 (Tons) (USD Thousand)
- 6.7. Healthcare
- 6.7.1. Bio-Butadiene Market Estimates and Forecasts, in Healthcare, 2018 - 2030 (Tons) (USD Thousand)
- 6.8. Textile
- 6.8.1. Bio-Butadiene Market Estimates and Forecasts, in Textile, 2018 - 2030 (Tons) (USD Thousand)
- 6.9. Others
- 6.9.1. Bio-Butadiene Market Estimates and Forecasts, in Other End Use, 2018 - 2030 (Tons) (USD Thousand)
Chapter 7. Bio-Butadiene Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 7.2. North America
- 7.2.1. North America Bio-Butadiene Estimates & Forecast, 2018 - 2030 (Tons) (USD Thousand)
- 7.2.2. U.S.
- 7.2.2.1. Key country dynamics
- 7.2.2.2. U.S. Bio-Butadiene Market estimates & forecast, 2018 - 2030 (Tons) (USD Thousand)
- 7.2.3. Canada
- 7.2.3.1. Key country dynamics
- 7.2.3.2. Canada Bio-Butadiene Market estimates & forecast, 2018 - 2030 (Tons) (USD Thousand)
- 7.2.4. Mexico
- 7.2.4.1. Key country dynamics
- 7.2.4.2. Mexico Bio-Butadiene Market estimates & forecast, 2018 - 2030 (Tons) (USD Thousand)
- 7.3. Europe
- 7.3.1. Europe Bio-Butadiene Estimates & Forecast, 2018 - 2030 (Tons) (USD Thousand)
- 7.3.2. Germany
- 7.3.2.1. Key country dynamics
- 7.3.2.2. Germany Bio-Butadiene Market estimates & forecast, 2018 - 2030 (Tons) (USD Thousand)
- 7.3.3. UK
- 7.3.3.1. Key country dynamics
- 7.3.3.2. UK Bio-Butadiene Market estimates & forecast, 2018 - 2030 (Tons) (USD Thousand)
- 7.3.4. France
- 7.3.4.1. Key country dynamics
- 7.3.4.2. France Bio-Butadiene Market estimates & forecast, 2018 - 2030 (Tons) (USD Thousand)
- 7.3.5. Italy
- 7.3.5.1. Key country dynamics
- 7.3.5.2. Italy Bio-Butadiene Market estimates & forecast, 2018 - 2030 (Tons) (USD Thousand)
- 7.3.6. Spain
- 7.3.6.1. Key country dynamics
- 7.3.6.2. Spain Bio-Butadiene Market estimates & forecast, 2018 - 2030 (Tons) (USD Thousand)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Bio-Butadiene Estimates & Forecast, 2018 - 2030 (Tons) (USD Thousand)
- 7.4.2. China
- 7.4.2.1. Key country dynamics
- 7.4.2.2. China Bio-Butadiene Market estimates & forecast, 2018 - 2030 (Tons) (USD Thousand)
- 7.4.3. India
- 7.4.3.1. Key country dynamics
- 7.4.3.2. India Bio-Butadiene Market estimates & forecast, 2018 - 2030 (Tons) (USD Thousand)
- 7.4.4. Japan
- 7.4.4.1. Key country dynamics
- 7.4.4.2. Japan Bio-Butadiene Market estimates & forecast, 2018 - 2030 (Tons) (USD Thousand)
- 7.5. Central & South America
- 7.5.1. Central & South America Bio-Butadiene Market Estimates & Forecast, 2018 - 2030 (Tons) (USD Thousand)
- 7.5.2. Brazil
- 7.5.2.1. Key country dynamics
- 7.5.2.2. Brazil Bio-Butadiene Market estimates & forecast, 2018 - 2030 (Tons) (USD Thousand)
- 7.6. Middle East & Africa
- 7.6.1. Middles East & Africa Bio-Butadiene Market Estimates & Forecast, 2018 - 2030 (Tons) (USD Thousand)
- 7.6.2. Saudi Arabia
- 7.6.2.1. Key country dynamics
- 7.6.2.2. Saudi Arabia Bio-Butadiene Market estimates & forecast, 2018 - 2030 (Tons) (USD Thousand)
Chapter 8. Bio-Butadiene Market - Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Share/Position Analysis, 2023
- 8.4. Company Heat Map Analysis
- 8.5. Regional Market Analysis
- 8.6. Strategy Mapping
- 8.7. Company Profiles
- 8.7.1. SABIC
- 8.7.1.1. Participant's overview
- 8.7.1.2. Financial performance
- 8.7.1.3. Product benchmarking
- 8.7.1.4. Recent developments
- 8.7.2. Michelin
- 8.7.2.1. Participant's overview
- 8.7.2.2. Financial performance
- 8.7.2.3. Product benchmarking
- 8.7.2.4. Recent developments
- 8.7.3. Zeon Corporation
- 8.7.3.1. Participant's overview
- 8.7.3.2. Financial performance
- 8.7.3.3. Product benchmarking
- 8.7.3.4. Recent developments
- 8.7.4. Trinseo
- 8.7.4.1. Participant's overview
- 8.7.4.2. Financial performance
- 8.7.4.3. Product benchmarking
- 8.7.4.4. Recent developments
- 8.7.5. Braskem
- 8.7.5.1. Participant's overview
- 8.7.5.2. Financial performance
- 8.7.5.3. Product benchmarking
- 8.7.5.4. Recent developments
- 8.7.6. Versalis
- 8.7.6.1. Participant's overview
- 8.7.6.2. Financial performance
- 8.7.6.3. Product benchmarking
- 8.7.6.4. Recent developments
- 8.7.7. Lummus Technology
- 8.7.7.1. Participant's overview
- 8.7.7.2. Financial performance
- 8.7.7.3. Product benchmarking
- 8.7.7.4. Recent developments
- 8.7.8. Invista
- 8.7.8.1. Participant's overview
- 8.7.8.2. Financial performance
- 8.7.8.3. Product benchmarking
- 8.7.8.4. Recent developments
- 8.7.9. Evonik Industries
- 8.7.9.1. Participant's overview
- 8.7.9.2. Financial performance
- 8.7.9.3. Product benchmarking
- 8.7.9.4. Recent developments
- 8.7.10. Synthos
- 8.7.10.1. Participant's overview
- 8.7.10.2. Financial performance
- 8.7.10.3. Product benchmarking
- 8.7.10.4. Recent developments
- 8.7.1. SABIC
Product Code: GVR-4-68040-331-2
List of Tables
- Table 1 List of Potential End-Users
- Table 2 Regulatory Framework, by Regions
- Table 3 List of Raw Material Suppliers
- Table 4 U.S. Macroeconomic Outlay
- Table 5 Canada Macroeconomic Outlay
- Table 6 Mexico Macroeconomic Outlay
- Table 7 Germany Macroeconomic Outlay
- Table 8 UK Macroeconomic Outlay
- Table 9 France Macroeconomic Outlay
- Table 10 Italy Macroeconomic Outlay
- Table 11 Spain Macroeconomic Outlay
- Table 12 China Macroeconomic Outlay
- Table 13 India Macroeconomic Outlay
- Table 14 Japan Macroeconomic Outlay
- Table 15 Brazil Macroeconomic Outlay
- Table 16 Saudi Arabia Macroeconomic Outlay
- Table 17 Participant's Overview
- Table 18 Financial Performance
- Table 19 Product Benchmarking
- Table 20 Company Heat Map Analysis
- Table 21 Key Strategy Mapping
List of Figures
- Fig. 1 Bio-Butadiene Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Production And Validation
- Fig. 5 Data Validating & Publishing
- Fig. 6 Bio-Butadiene Market Snapshot
- Fig. 7 Bio-Butadiene Market Segmental Outlook, 2023 (Tons) (USD Thousand)
- Fig. 8 Bio-Butadiene Market: Competitive Insights
- Fig. 9 Global Butadiene & Bio-Butadiene Market, 2023 (Tons) (USD Thousand)
- Fig. 10 Global Bio-Butadiene Market Value Chain Analysis
- Fig. 11 Bio-Butadiene Market Dynamics
- Fig. 12 Bio-Butadiene Market: Porter's Analysis
- Fig. 13 Bio-Butadiene Market: Pestel Analysis
- Fig. 14 Bio-Butadiene Market Analysis & Segment Forecast, By Grade, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 15 Industrial Grade Bio-Butadiene Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 16 Laboratory Grade Bio-Butadiene Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 17 Bio-Butadiene Market Analysis & Segment Forecast, By Application, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 18 Styrene Butadiene Rubber Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 19 Styrene Butadiene Latex Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 20 Acrylonitrile-Butadiene-Styrene Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 21 Styrene-Butadiene Block Copolymers Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 22 Nitrile Butadiene Rubber Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 23 Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 24 Bio-Butadiene Market Analysis & Segment Forecast, By End Use, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 25 Bio-Butadiene Market Analysis & Segment Forecast, in Automotive & Transportation, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 26 Bio-Butadiene Market Analysis & Segment Forecast, in Consumer Goods, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 27 Bio-Butadiene Market Analysis & Segment Forecast, in Chemical Processing, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 28 Bio-Butadiene Market Analysis & Segment Forecast, in Building & Construction, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 29 Bio-Butadiene Market Analysis & Segment Forecast, in Healthcare, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 30 Bio-Butadiene Market Analysis & Segment Forecast, in Textile, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 31 Bio-Butadiene Market Analysis & Segment Forecast, in Other End Uses, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 32 Bio-Butadiene Market, By Region, 2023 & 2030 (%)
- Fig. 33 North America Bio-Butadiene Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 34 U.S. Bio-Butadiene Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 35 Canada Bio-Butadiene Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 36 Mexico Bio-Butadiene Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 37 Europe Bio-Butadiene Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 38 Germany Bio-Butadiene Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 39 UK Bio-Butadiene Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 40 France Bio-Butadiene Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 41 Italy Bio-Butadiene Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 42 Spain Bio-Butadiene Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 43 Asia Pacific Bio-Butadiene Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 44 China Bio-Butadiene Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 45 India Bio-Butadiene Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 46 Japan Bio-Butadiene Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 47 Central & South America Bio-Butadiene Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 48 Brazil Bio-Butadiene Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 49 Middle East & Africa Bio-Butadiene Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 50 Saudi Arabia Bio-Butadiene Market Analysis & Segment Forecast, 2018 - 2030 (Tons) (USD Thousand)
- Fig. 51 Bio-Butadiene Market: Company Categorization
- Fig. 52 Bio-Butadiene Market: Company Market Share Analysis
- Fig. 53 Bio-Butadiene Market: Company Market Positioning Analysis
- Fig. 54 Bio-Butadiene Market: Strategy Mapping
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