H1 2023: The key manufacturers of Butadiene in H1 2023 in Europe were ASF SE, Ineos, LyondellBasell, Evonik Industries AG, Dow Chemical. Although, Butadiene prices continuously fluctuated in H1 2023. Due to high demand and a low supply of butadiene in the area during the first three months of 2023, prices for butadiene rose. The consumer sentiment in the European region was still low ahead of the current holidays, and the end-user automotive and construction industries hiked which led to an increase in prices of Butadiene for the period. As a result, demand for butadiene from the downstream synthetic rubber, polymer, and plastic industry has remained on the positive side. However, the regional market's demand from the downstream industries was stable. However, April onwards, Butadiene market shifted gears and moved towards a bearish side. The producers were hesitant in the European market by destocking their inventories. Demand-wise, domestic market inquiries from downstream synthetic rubber (NBR, SBR) have remained modest. At the same time, demand from other sectors, like the polymer (ABS) sector was hazy due to the slowdown in construction industries amidst high inflationary pressure and rising interest rates, weighing down the prices of Butadiene in the European market.
The Europe Butadiene market has reached approximately 7850 thousand tonnes in 2022 and is expected to grow at a CAGR of 4.82% during the forecast period until 2032.
The need for tyres, footwear, and consumer products is increasing butadiene production and consumption since it is a crucial raw material for the creation of synthetic rubber. SBR is employed in a wide range of industrial applications, including metal bonding and abrasion-resistant gaskets, hoses, belting, and wire insulation and cabling. SBR polymer is used in a variety of industrial items, such as moulded goods, carpet backing, and shoe soles. In addition, butadiene can be used to give other plastics additional flexibility.
Most synthetic rubbers and elastomers, such as polybutadiene rubber (PBR), styrene-butadiene rubber (SBR), nitrile rubber (NR), and polychloroprene (Neoprene), are made using butadiene. These are then used to create additional products and materials. Styrene-butadiene (SBR) and other intermediates, which are then utilized to make automotive products like tyres and conveyor belts, are produced from butadiene. The synthesis of rubbers and plastics, which are then used to produce everyday goods, is the main market driver for butadiene in Europe. In 2022, approximately 55% of Butadiene was utilized by the Styrene Butadiene Rubber (SBR) Industry. Europe is likely to have significant development over the projection period due to the widespread use of butadiene and its derivatives in the production of automotive components such as wheel covers, dashboard trims, tyres, and other components. Germany is the top-ranking nation due to its rising vehicle exports. The Europe Butadiene market is expected to reach 4050 thousand tonnes by the forecast period.
Based on region, the market is divided into Eastern Europe, Southern Europe, Western Europe and Northern Europe. However, Western Europe is dominating the Butadiene market with a market share of approximately 42% in 2022. Western nations like Germany, Netherlands, and UK are the main consumers of Butadiene. The most prominent industry in Germany is the automotive industry. The surge in car sales and production activities are likely to bolster the demand for tyres and thus directly impact the styrene butadiene rubber (SBR), which is created from butadiene and combined with rubber. In the coming years, the market for butadiene is expected to be driven by the need for both personal and commercial cars.
Based on the end-user industry, the Europe Butadiene market is fragmented 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. Acrylonitrile Butadiene Styrene and Polybutadiene Rubber both contribute to the rising demand for butadiene during the upcoming years.
Major players in the production of Europe Butadiene are ASF SE, Ineos, LyondellBasell, Evonik Industries AG, Dow Chemical, Versalis, SABIC, Naphtachimie, Repsol Chemicals, Shell Chemical, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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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 in the globe.
• To analyse and forecast the market size of Butadiene
• To classify and forecast Europe 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 Europe 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 Europe 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, Europe Butadiene s market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Market size Volume in 2022
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7850 thousand tonnes
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Market size Volume by 2032
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4050 thousand tonnes
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Growth Rate
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CAGR of 4.82% from 2023 to 2032
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Base year for estimation
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2023
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Historic Data
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2015 – 2022
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Forecast period
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2024 – 2032
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Quantitative units
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Demand in thousand tonnes and CAGR from 2023 to 2032
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Report coverage
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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.
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Segments covered
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By End-Use: (Styrene Butadiene Rubber, Poly Butadiene Rubber, Acrylonitrile Butadiene Styrene, and others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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Eastern Europe, Southern Europe, Western Europe and Northern Europe
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Pricing and purchase options
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Available Customizations:
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