Butadiene Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3668
Butadiene Market size is anticipated to witness gains in the coming years owing to its utilization in several industries including tire, polymers, and textile. It is a colourless and non-corrosive gas which is further used for manufacturing styrene butadiene rubber, neoprene, nitrile rubber, and polybutadiene rubber which have applications in rubber products, paper & pulp, and textile industries thereby, amplifying industry growth.
Styrene butadiene rubber owing to good aging stability and abrasion resistance is extensively utilized for tires & plastics manufacturing. Global construction industry may exceed over USD 15 trillion by 2030. The product functions as a binding agent in construction and building applications. Increasing construction activities owing to rising urbanization will foster SBR demand which in turn will enhance butadiene market size.
Global butadiene market size from automotive application is forecasted to grow in the estimated timeframe owing to increasing shared mobility services demand. The product including nitrile rubber for its oil & fuel resistant properties is used in manufacturing seals and hoses in automotive sector. Rising automotive industry due to increase consumer’s purchasing power will have a positive impact on product demand.
Neoprene market size is anticipated to witness substantial gains in the estimated timeframe. Global electrical insulators market is anticipated to witness substantial gains over 5% by 2023. The product owing to good chemical stability & high tensile strength is used for manufacturing wire and cable insulation. This will fortify neoprene demand which in turn would propel butadiene market growth.
Global butadiene market size from plastics application is forecasted to grow in the estimated timeframe owing to growing plastics demand in automotive industry. The products including styrene butadiene rubber and polybutadiene for their tough nature are used in manufacturing polymers. Increasing plastics demand due to its utilization for packaging and automotive industries may amplify butadiene market size.
Adiponitrile market size may witness significant gains by 2025 owing to its utilization for manufacturing nylon. The product functions as precursor for manufacturing nylon-6,6 which has applications for manufacturing textiles, carpets, and plastic parts. Changing fashion trends has led to textiles industry growth which may enhance market size.
North America led by Mexico, Canada and the U.S. butadiene market size is projected to witness substantial gains by 2025. Butadiene offers flexibility in integrating components while being economical in nature. The product is also used for producing tires owing to wear resistant properties. Growing regional automotive industry owing to increased spending and easy vehicle financing is likely to favour industry growth.
Styrene Butadiene Latex market size is estimated to witness substantial gains in the forecasted time period owing to its utilization in paper & pulp industry. Styrene butadiene latex due to high gloss properties is utilized for coating papers in several products including brochures and magazines. These factors will fortify product demand hence boosting butadiene market growth.
Europe driven by UK, Spain, Italy, France and Germany butadiene market size is projected to amplify owing to its usage in electrical industry. The product is utilized for manufacturing neoprene. Neoprene owing to its electricity resistant properties is used in electrical and electronics industry. Rising demand for efficient electronic products due to security and environmental concerns in the region will fortify industry growth.
Butadiene owing to low water solubility and high volatility degrades air quality which may impact human beings. It is recognized as a carcinogen by International Agency for research on cancer. These factors may hamper market profitability which may affect industry price trends. OSHA and EPA have set limits for butadiene release in atmosphere hence, reducing the product’s impact on humans and environment. There are increasing R & D activities to produce bio butadiene from several renewable sources including grass, trees, and corn stover. These developments may reduce negative environmental impact of the product hence boosting industry growth.
Asia Pacific market led by Australia, South Korea, Japan, India and China butadiene market size may fuel owing to increasing plastic demand in the region. The products including styrene butadiene rubber and polybutadiene rubber are used in plastic manufacturing process. Increasing polymer utilization for packaging and storage purposes will fortify butadiene demand.
Global butadiene market share is moderately fragmented with major players includes BASF SE, China Petroleum and Chemical Corporation, Haldia Petrochemicals Ltd, Exxon Mobil Corporation, Royal Dutch Shell, Reliance Industries Limited, TPC Group and Evonik Industries AG. Manufacturers are focusing on expansion by implementing strategic alliance, joint ventures and mergers & acquisitions due to growing product applications in tire & rubber, plastic, electricals, and textile industry which may stimulate market size.
Butadiene Market, By Product, 2014-2025 (Kilo Tons) (USD Million)
- Styrene Butadiene Rubber
- Polybutadiene Rubber
- Nitrile Rubber
- Styrene Butadiene Latex
Butadiene Market, By Application, 2014-2025 (Kilo Tons) (USD Million)
- Tire & Rubber
- Paper & pulp
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Saudi Arabia
- South Africa
- BASF SE
- China Petroleum and Chemical Corporation
- Haldia Petrochemicals Ltd
- Exxon Mobil Corporation
- Royal Dutch Shell
- Reliance Industries Limited
- Evonik Industries AG
- TPC Group
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