H1 2023: The key manufacturers of Butadiene in H1 2023 were TPC Group, Shell Chemicals, Lyondell Basell, and Formosa Plastics Corporation. Based on production capacity, TPC Group was in the leading position in the global Butadiene market. In June 2023, Tecnimont and Tecnimont Arabia Limited, two subsidiaries of Maire Tecnimont S.p.A., were awarded two EPC contracts in connection with a petrochemical expansion at the SATORP Refinery in Jubail, Kingdom of Saudi Arabia. Internally generated refinery off-gases, naphtha, ethane, and natural petrol will all be converted into higher-value chemicals as part of the project. The contract holds a value of almost USD 2 billion. Two packages of the complex are covered by the contracts, especially the "Derivatives Units" package, which includes extraction units for butadiene, olefins, methyl tert-butyl ether, butadiene selective hydrogenation, 2nd stage pygas hydrogenation, benzene and toluene extraction unit. However, Asia Pacific region was the largest consumer of Butadiene in H1 2023. In the first three months of 2023, China witnessed bullish market sentiment. After the Lunar New Year holidays, market participants refilled the stock in the market and the Chinese butadiene prices rose. There was a steady demand for butadiene from the downstream polymer and synthetic rubber industries in the Asian market. In response to heavy consumption by the downstream industries, butadiene manufacturers’ operating rates increased in the Asian market. However, from April 2023, butadiene prices fell down the slope in the Asian market. This was backed by the cheap prices of feedstock and low enquiries in the Asia Pacific region.
The global Butadiene market has reached approximately 12 million tonnes in 2022 and is expected to grow at a CAGR of 4.79% during the forecast period until 2035. A contract for the construction of Egypt's Tahrir Petrochemical Complex for US $7.5 billion has been finalized. The Red Sea National Refining and Petrochemicals Company and General Authority signed this contract for Suez Canal Economic Zone. The project will be constructed on 3.56 million square meters of land in the industrial district of Ain Sokhna, close to the Gulf of Suez, Egypt. This plant is expected to have a capacity of producing multiple chemicals including 250,000 tonnes of Butadiene annually.
Butadiene or 1,3-butadiene is a colorless gas that smells like gasoline. It can be produced by dehydrogenation of butanes or by cracking of petroleum derivates likes it distillates at high temperature. In presence of a catalyst, Butadiene turns into a stretchy elastic which displays properties like rubber. Butadiene is primarily used for the synthesis of rubbers and plastics that includes Styrene Butadiene Rubber, Poly Butadiene Rubber and Acrylonitrile Butadiene Styrene. It shows excellent properties such as elasticity and insulation to heat and electricity. Butadiene has various industrial applications such as rubber insulators, inner tubes, golf balls, industrial components, conveyer belts, automobile tires, shoes soles, and others.
The primary driver of Butadiene global market is for the synthesis of rubbers and plastics which are further utilized for the manufacture of general use commodities. In 2022, approximately 55% of global Butadiene was utilized by the Styrene Butadiene Rubber (SBR) Industry. Since butadiene is a key raw material used to make synthetic rubber, demand for tires, footwear, and consumer goods is driving up butadiene production and consumption. SBR is used for a variety of industrial purposes, including as wire insulation and cabling, belting, hoses, gaskets, and seals that are resistant to abrasion and metal bonding. Commercial applications for SBR polymer include everything from shoe soles, carpet backing, and molded products. Furthermore, Butadiene can be added to other plastics to improve their elasticity. The global Butadiene market is expected to reach 22 million tonnes by the forecast period.
Based on demand, the Asia Pacific is dominating the Butadiene market with a market share of approximately 55% million thousand tonnes in 2022. The main driving factor is Styrene Butadiene Rubber (SBR), which is made from butadiene and blended with rubber to make tires. The demand of personal use vehicles and commercial vehicles is anticipated to drive the Butadiene market in the forecast period. Furthermore, Asia Pacific is leading as the producer in the Asia Pacific region.
Based on the end-user industry, the global Butadiene market is segmented into different industrial sectors that include Styrene Butadiene Rubber, Poly Butadiene Rubber, Acrylonitrile Butadiene Styrene, and others. The Styrene Butadiene Rubber industry is the dominating the Butadiene. Poly Butadiene Rubber and Acrylonitrile Butadiene Styrene are also contributing to the growing demand of Butadiene in the forecast period.
Major players in the production of Global Butadiene are TPC Group, Petrochina, Haldia Peterochemicals Limited, Lyondell Basell, Formosa Plastics Corporation, Shell Chemicals, Braskem1, Sabina Petrochemical, Ineos, Evonik Industries AG, ExxonMobil Corporation, Dow Chemical, Versalis.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2035
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
Objective of the Study:
• To assess the demand-supply scenario of Butadiene which covers production, demand and supply of Butadiene market in the globe.
• To analyse and forecast the market size of Butadiene
• To classify and forecast Global Butadiene market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Butadiene market in the globe.
To extract data for Global Butadiene market, primary research surveys were conducted with Butadiene manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Butadiene market over the coming years.
ChemAnalyst calculated Butadiene demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Butadiene across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Butadiene manufacturers and other stakeholders
• Organizations, forums and alliances related to Butadiene distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Butadiene s manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Butadiene s market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
12 million tonnes
Market size Volume by 2035
22 million tonnes
Growth Rate
CAGR of 4.79% from 2023 to 2035
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2035
Quantitative units
Demand in million tonnes and CAGR from 2023 to 2035
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process, Policy and Regulatory Landscape,
Segments covered
By End-Use: (Styrene Butadiene Rubber, Poly Butadiene Rubber, Acrylonitrile Butadiene Styrene, and others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com
Market Data & Insights
Table of Content
1. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Butadiene.
2. Capacity By Location
To better understand the regional supply of Butadiene by analysing its manufacturers' location-based capacity.
3. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
4. Production By Company
Study the historical annual production of Butadiene by the leading players and forecast how it will grow in the coming years.
5. Demand by End- Use
Discover which end-user industry Styrene Butadiene Rubber, Poly Butadiene Rubber, Acrylonitrile Butadiene Styrene, and others are creating a market and the forecast for the growth of the Butadiene market.
6. Demand by Region
Analysing the change in demand of Butadiene in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
7. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Butadiene. Our sales channel will help in analysing whether distributors and dealers or direct sales make up most of the industry's sales.
8. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Butadiene.
9. Company Share
Figure out what proportion of the market share of Butadiene is currently held by leading players across the globe.
10. Country-wise Export
Get details about quantity of Butadiene exported by major countries.
11. Country-wise Import
Get details about quantity of Butadiene imported by major countries.
12. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of butadiene market in terms of value and volume.
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
Disruption Tracker
Disruption Tracker reflect the major shutdown on monthly basis which will help you in
tracking the inventory management and smooth functioning of business. Unforeseen shutdowns and disruptions
resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries
with a global view of production and consumption capacity loss that reflects the corresponding conversion factors.
It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case
of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the global market size of Butadiene in terms of volume for 2022?
Ans:
The global market size of Butadiene was approximately 12 million tonnes by 2022, and it is expected to expand at a CAGR of 4.79% in the forecast period by 2035.
Q2.
What are the major end-use industries of Butadiene?
Ans:
Butadiene is used in a wide range of end use industries including Styrene Butadiene Rubber, Poly Butadiene Rubber, Acrylonitrile Butadiene Styrene, and others.
Q3.
Do you offer single or multiuser license?
Ans:
Online Access 12 Months – Single User License (Up to 3 users can access the database) Online Access 12 Months – Enterprise License (Up to 10 Users can access the database)
Q4.
Will I get access to the analyst who authored this report?
Ans:
You will have 24/7 access to the analyst during the subscription period.
Our Solutions
Custom Research
We at ChemAnalyst provide tailor-made solutions to our clients based on their requirements which help them in building and expanding their business by developing customized strategy such as sales strategy, GTM Strategy, product portfolio and new product development. Our dedicated team helps clients in getting the best solution for their requirements. We at ChemAnalyst look forward to serving our clients for long term association.
Techno Economic Feasibility Report (TEFR)
ChemAnalyst provide TEFR reports which include market sizing, plant cost (ISBL and OSBL units), financial modelling, covering all the major financial calculations and ratios including production cost, IRR, major technology, licensing fee (if required), and others fixed and variable costs. TEFR reports will help the client to build greenfield project as well as brownfield expansion for a specific geography. Our Team of experts have delivered multiple TEFR reports which help clients in moving ahead of their business competition by grabbing the opportunity and expanding their business portfolio.
Price Benchmarking
Pricing benchmark report provides real-time data perpetuating current market scenarios, in a world that is changing at a rapid pace, having real-time prices is an imperative to make impactful insights and thereby informed decisions. The Price Benchmarking report provides pricing data for an individual market, or group of markets, which can be converted into localized insights and comparable listings. Benchmarking Reports help clients to make informed decisions by construing the data on several filters: region, country, category, grade and subsequently increasing their brand presence. Clients majorly require pricing benchmarks when they opt for a competitive pricing strategy.