Butadiene Market Size (2024 - 2029)

The butadiene market is projected to experience growth over the forecast period, driven by increasing demand in automotive manufacturing and the plastics and polymer sectors. The market's expansion is supported by the developing downstream market in Asia-Pacific, which holds the largest market share. Despite challenges such as the hazardous effects of butadiene exposure and the closure of tire manufacturing plants, opportunities are anticipated through innovations like bio-butadiene. The market's dynamics reflect a recovery and growth trajectory following the disruptions caused by the COVID-19 pandemic.

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Market Size of Butadiene Industry

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Butadiene Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR (2024 - 2029) 3.71 %
Fastest Growing Market Middle-East and Africa
Largest Market Asia Pacific
Market Concentration Low

Major Players

Butadiene Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Butadiene Market Analysis

The Butadiene Market size is estimated at 14.11 Million tons in 2024, and is expected to reach 16.94 Million tons by 2029, growing at a CAGR of 3.71% during the forecast period (2024-2029).

The COVID-19 outbreak, nationwide lockdowns around the globe, disruption in manufacturing activities and supply chains, and production halts impacted the market in 2020. However, the market saw a surge in 2021. The demand for automotive manufacturing units, plastic, and polymer increased comparatively compared to 2020. This positively impacted the demand for styrene-butadiene and polybutadiene rubber, which is used in tires, building crack fillers, concrete additives, etc. The use of protective gloves made from nitrile rubber has increased in the current situation, thus stimulating the demand in the butadiene market.

  • The developing downstream market in Asia-Pacific is expected to drive the market's growth.
  • However, the hazardous effects caused by butadiene upon exposure and the closure of several tire manufacturing plants are likely to hamper the market's growth.
  • The innovation of bio-butadiene to produce products like synthetic rubber, thermoplastic elastomers, nylon, etc., is likely to create opportunities for the market in the coming years.
  • Asia-Pacific accounts for the highest market share and is expected to dominate the market during the forecast period.

Butadiene Industry Segmentation

Butadiene is a colorless, non-corrosive gas, that is used for the production of resins and plastics, including butadiene rubber, styrene rubber, adiponitrile, polychloroprene, nitrile rubber, and others. It is mainly produced from the extractive distillation of by-products from steam crackers while producing ethylene and propylene. The butadiene market is segmented by application, end-user industry, and geography. By application, the market is segmented into polybutadiene (PBR), chloroprene, styrene-butadiene (SBR), nitrile rubber (acrylonitrile butadiene NBR), acrylonitrile butadiene styrene (ABS), adiponitrile, sulfolane, ethylidene norbornene, styrene-butadiene latex, and other applications. By end-user industry, the market is segmented into plastic and polymer, tire and rubber, chemical, and other end-user industries. The report also covers the market size and forecasts for the butadiene market in 15 countries across the major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (tons).

Application
Polybutadiene (PBR)
Chloroprene
Styrene-Butadiene (SBR)
Nitrile Rubber (Acrylonitrile Butadiene NBR)
Acrylonitrile Butadiene Styrene (ABS)
Adiponitrile
Sulfolane
Ethylidene Norbornene
Styrene-Butadiene Latex
Other Applications
End-user Industry
Plastic and Polymer
Tire and Rubber
Chemical
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Butadiene Market Size Summary

The butadiene market is poised for steady growth over the forecast period, driven by its critical role in the production of synthetic rubbers and elastomers. These materials are essential for manufacturing a wide range of products, including tires, gloves, and various automotive components. The market experienced a significant rebound in 2021 following the disruptions caused by the COVID-19 pandemic, with increased demand from the automotive and plastics sectors. The Asia-Pacific region, particularly China and India, is expected to continue dominating the market due to its robust downstream industries and expanding automotive production. However, challenges such as the hazardous effects of butadiene exposure and the closure of tire manufacturing plants may pose obstacles to market growth.

Innovations in bio-butadiene and its applications in synthetic rubber and thermoplastic elastomers present new opportunities for market expansion. The market's fragmented nature is characterized by the presence of major players like China Petroleum & Chemical Corporation, Sinopec, and Exxon Mobil Corporation, who are actively engaging in strategic collaborations to enhance production capacities. The development of new products, such as BASF's Licity anode binders for Li-ion batteries, highlights the ongoing advancements in butadiene applications. Despite potential growth inhibitors, the overall outlook for the butadiene market remains positive, with significant opportunities for expansion in emerging markets and through technological innovations.

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Butadiene Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Developing Downstream Market in Asia-Pacific

      2. 1.1.2 Growth in the Automotive Industry

    2. 1.2 Restraints

      1. 1.2.1 Hazardous Effects Caused by Butadiene

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

    5. 1.5 Feedstock Analysis

    6. 1.6 Technological Snapshot

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Application

      1. 2.1.1 Polybutadiene (PBR)

      2. 2.1.2 Chloroprene

      3. 2.1.3 Styrene-Butadiene (SBR)

      4. 2.1.4 Nitrile Rubber (Acrylonitrile Butadiene NBR)

      5. 2.1.5 Acrylonitrile Butadiene Styrene (ABS)

      6. 2.1.6 Adiponitrile

      7. 2.1.7 Sulfolane

      8. 2.1.8 Ethylidene Norbornene

      9. 2.1.9 Styrene-Butadiene Latex

      10. 2.1.10 Other Applications

    2. 2.2 End-user Industry

      1. 2.2.1 Plastic and Polymer

      2. 2.2.2 Tire and Rubber

      3. 2.2.3 Chemical

      4. 2.2.4 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 France

        3. 2.3.3.3 United Kingdom

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Butadiene Market Size FAQs

The Butadiene Market size is expected to reach 14.11 million tons in 2024 and grow at a CAGR of 3.71% to reach 16.94 million tons by 2029.

In 2024, the Butadiene Market size is expected to reach 14.11 million tons.

Butadiene Market Report Snapshots

Butadiene Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)