According to ChemAnalyst report, “Butadiene Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2035”, The Butadiene market is likely to expand and grow to reach 21 million tonnes by 2035 at a CAGR of 4.75% in the forecast period. The increasing demand for Butadiene from Styrene Butadiene Rubber, Poly Butadiene Rubber, Acrylonitrile Butadiene Styrene, and other end-use industries, is expected to boost the Butadiene market in the forecast years.
Butadiene or 1,3-butadiene is a colourless gas which is produced either by dehydrogenation of butanes or by cracking of petroleum derivates likes it distillates at high temperature. Butadiene turns into a stretchy elastic in the presence of a catalyst and then displays properties like rubber. Butadiene is used extensively for the synthesis of rubbers and plastics including Styrene Butadiene Rubber, Poly Butadiene Rubber and Acrylonitrile Butadiene Styrene. It possesses high elasticity and insulation to heat and electricity. Butadiene has applications such as rubber insulators, conveyer belts, golf balls, industrial components, automobile tires, shoes soles, and others.
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Moreover, across the globe, the primarily driver of the Butadiene market is rubbers and plastics synthesis. The synthesized rubbers and plastics are further used to manufacture goods and commodities such as automotive components. Styrene Butadiene Rubber Industry held market share of approximately 55% of global Butadiene market in 2021 and is expected to retain its dominance in the market in the coming years. Due its high resistance to wear and tear, Butadiene is employed for the manufacture of tyres in the automobile industry, further increasing the demand of Butadiene. Also, butadiene is used for enhancing the properties of polymers such as their flexibility contributing to the growth of the Butadiene market.
The Butadiene market is segmented based on end-use, sales channel, and region. Based on end-use, the Butadiene market is segregated into Styrene Butadiene Rubber, Poly Butadiene Rubber, Acrylonitrile Butadiene Styrene, and others. The Styrene Butadiene Rubber industry dominates the Butadiene market around the globe. In 2021, approximately 55% of global Butadiene was utilized by the Styrene Butadiene Rubber Industry. It is anticipated that Styrene Butadiene Rubber will dominate the market in the forecast period and expected to grow at a CAGR of 4.80%. The Acrylonitrile Butadiene Styrene is a booming industry is expected to experience a growth at a steady CAGR of 5.02% by the forecast period.
Based on demand, Asia Pacific is dominating the Butadiene market among all other regions and consumed approximately 54% of the global Butadiene in 2021. It is anticipated that it will continue to remain the most significant consumer throughout the projected period. Europe stands after the Asia Pacific region in terms of global Butadiene consumption.
“Butadiene Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2035”, the significant players in the Butadiene market include are TPC Group, Petrochina, Haldia Peterochemicals Limited, Lyondell Basell, Formosa Plastics Corporation, Shell Chemicals, Braskem1, and others.
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“Growing demand of Butadiene for synthesis of various rubbers and plastics which are further used to manufacture general use commodities is likely to drive the Global Butadiene market in the forecast period until 2035. Consistently growing demand for Butadiene due to its properties like flexibility and insulating properties is anticipated to expand its market in the next few years. Due its high resistance to wear and tear, Butadiene is employed for the manufacture of tyres in the automobile industry is expected to further expand the Butadiene market in the coming years “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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