[Online Quarterly Update]Global Butadiene Market has witnessed a considerable growth in historic period and is projected to grow to a healthy CAGR of 4.01% during the forecast period. Butadiene in its raw form is used as an additive to form high quality plastic, synthetic rubbers, resins, and chemicals. Butadiene is widely used in the production of Styrene Butadiene Rubber (SBR) due to its high demand in automotive industries for the manufacturing of tyres as it provides high resistance and toughness. Manufacture of tyres accounted for about 70% of the global production of polybutadiene in previous years. Butadiene is also used for the production of Acrylonitrile-Butadiene-Styrene (ABS) : which is a polymer resin and has numerous applications in the electronics industry like computers, radios, machines and telephone handsets; Styrene-Butadiene (SB) : primarily used in coating applications of paper, carpet backs and others; Nitrile Rubber : they are used in the manufacturing of gloves, foot wear, fuel lines; Chemical intermediates : combination of Adiponitrile and Chloroprene from butadiene. Adiponitrile used in fibres and Chloroprene, widely used in coatings, adhesives, seat belts. The segment of SBR is dominant in the global butadiene market making the largest end use for automobile industry. The demand of SBR from various sectors due to its applications will surge the drive of butadiene market worldwide in upcoming years.
In 2020, due to the onset of COVID-19, There was decline in the growth of global Butadiene market. The production and manufacturing units were hampered. However, with the continuous rise in the demand of Butadiene, Acrylonitrile Butadiene Styrene and Styrene Butadiene Rubber, due to their industrial applications is expected to boost the global butadiene market during the forecast years.
Among different regions, Asia Pacific region holds the maximum share of the global butadiene market. Due to the rise in population and industrialization, the demand of Butadiene for industrial purposes is increasing. China has made a fortune by exploration of shale gas using drilling techniques and becoming the largest supplier of shale gas worldwide. followed by India, as it has recoverable shale gas reserves like Krishna-Godavari basin.
Years considered for this report:
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
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Objective of the Study:
• To assess the demand-supply scenario of Butadiene which covers production, demand, and supply of Butadiene market globally.
• To analyse and forecast the market size of Butadiene.
• To classify and forecast global Butadiene market based on technology, end-use and regional distribution.
• To identify drivers and challenges for global Butadiene market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global Butadiene market.
• To identify and analyse the profile of leading players involved in the manufacturing of Butadiene.
Some of the major key players operating in the global Butadiene market are ExxonMobil Corporation, Lanxess, Korea Kumhoo, China Petroleum & Chemical Corporation, TPC Group, Royal Dutch Shell PLC, LyondellBasell Industries Holdings B.V.
To extract data for the global Butadiene market, primary research surveys were conducted with Butadiene manufacturers, suppliers, distributors, wholesalers, and Applications. 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 Applications segments and projected a positive outlook for the global Butadiene market over the coming years.
ChemAnalyst calculated Butadiene demand globally by analyzing the historical data and demand forecast which was carried out considering imported Acrylonitrile, butadiene, styrene prices, monomers used for production of Butadiene. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by 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 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.
In this report, global Butadiene market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, by Type
Styrene Butadiene Rubber (SBR), Poly Butadiene Rubber (PBR), Acrylonitrile Butadiene Styrene (ABS), Nitrile Rubber, Adiponitrile, Sulfolane
Market, by Application
Synthetic rubbers, Plastics, Polymer Resins, Chemical Intermediates, Others
Market, by Sales Channel
Direct Company Sale, Direct Import, Distributors & Traders
Market, by Region
North America, APAC, Europe, MEA, South America
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