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Synthetic & Bio-based Butadiene Market - by Product (Synthetic, Bio-based), By Application (SB Rubber, Butadiene Rubber, SB Latex, ABS, Adiponitrile), By Region & Global Forecast, 2023 – 2032

  • Report ID: GMI1595
  • Published Date: Apr 2023
  • Report Format: PDF

Synthetic & Bio-based Butadiene Market Size

Synthetic & Bio-based Butadiene Market size accounted for USD 22 billion in 2022 and is poised to depict more than 5% CAGR between 2023 and 2032 owing to the high product demand from the automotive sector.

Synthetic Bio-based Butadiene Market

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The automotive sector is the top end-user of butadiene rubber. Though the sector has witnessed ups and downs over the past decade, in recent years it has gained momentum, resulting in an exponential output in countries such as China, Brazil, and Germany. This growth in the automobile sector is anticipated to generate demand for synthetic butadiene-based automotive-related products, including raw materials for body components, such as tires, or other accessories, thereby encouraging the overall industry growth through 2032. In addition, a surge in EV tire sales across Europe, particularly from the replacement segment, is expected to stimulate market expansion.

Raw material price volatility to limit industry expansion

Prices of basic raw materials, particularly petrochemicals viz., ethane and naphtha, are projected to impact butadiene pricing. These petrochemical feedstocks rely on crude oil reserves, which causes further volatility in petrochemical prices. As a result, changes in raw material costs are forecast to slow the synthetic & bio-based butadiene market expansion. However, the rising consumer preference for environmentally friendly products will drive the demand for bio-based and sustainably produced butadiene, which is likely to help the industry overcome this barrier.

Synthetic & Bio-based Butadiene Market Analysis

Global Synthetic & Biobased Butadiene Market Size By Application

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By form, the synthetic & bio-based butadiene market revenue from the SB latex segment is to exceed USD 3.5 billion by 2032. SB latex improves pigment binding power, making paper smoother, stiffer, brighter, and more water resistant. Paper coating firms are expanding their portfolio with innovative products through continuous R&D efforts. Furthermore, increasing utilization of SB latex-based adhesive in the electrical, automotive, and construction sectors is likely to enhance segment growth.

Global Synthetic & Biobased Butadiene Market ShareBy Product

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In terms of product, the synthetic & bio-based butadiene market from the synthetic segment is estimated to grow at more than 5% CAGR through 2032. The expanding automotive sector has a huge demand for synthetic rubbers for multiple applications. Furthermore, industry leaders are focusing on sustainability and offering environmentally friendly products by lowering GHG emissions from production at each facility while contributing to a lower global environmental burden. Hence, the development of sustainable methods for producing polymer emulsions and an upsurge in the demand for water-based solvents and coatings are some major factors predicted to fuel market growth.

Asia Pacific Synthetic & Biobased Butadiene Market Size

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Asia Pacific synthetic & bio-based butadiene market is predicted to be worth more than USD 23.5 billion by 2032 due to the mounting product requirement in the booming domestic automotive, footwear, and construction industries. Furthermore, businesses are focused on providing sustainably produced styrene-butadiene rubber to address the rising market demand. In October 2022, leading chemical firm Zeon Chemicals Singapore announced plans to produce solution-polymerized styrene-butadiene rubber using biomass-derived butadiene and signed an MOU with Shell Eastern Petroleum to supply sustainable butadiene for its SSBR production.

Synthetic & Bio-based Butadiene Market Share

  • Eni S.p.A,
  • Evonik Industries
  • ExxonMobil Corporation
  • INEOS Styrolution Group GmbH
  •  Lyondellbasell Industries, Inc,
  • Royal Dutch Shell
  • TPC Group

are some of the major players operating in the synthetic & bio-based butadiene market. These firms are rapidly changing the industry landscape by investing in expansion strategies. To cite an instance, in January 2023, BASF announced an increase in polymer dispersions capacity at its Merak, Indonesia, manufacturing plant. The development is in line with the growing need for high-quality packaging in ASEAN, which is home to major paper and board makers.

Impact of COVID-19 Pandemic

The coronavirus pandemic significantly impacted enterprises around the world, including those operating in the butadiene and rubber processing sectors. Moreover, the raw material supply chain was disrupted and production activities were delayed, which further compounded the issues. Thus, the adverse impact of this disruption on global economic operations and import restrictions had a detrimental effect on the industry growth. Nonetheless, the sector is expected to pick up steam in the upcoming years as a result of the declining infection rate and the resumption of business operations.

This synthetic & bio-based butadiene market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in Kilo tons and revenue in USD million from 2018 to 2032 for the following segments:

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By Product

  • Synthetic
  • Biobased

By Application

  • SB Rubber
  • Butadiene Rubber
  • SB Latex
  • ABS
  • Adiponitrile
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • GCC
    • South Africa


Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of synthetic & bio-based butadiene valued at USD 22 billion in 2022 and is slated to grow at over 5% CAGR between 2023 and 2032 driven by the growing product demand from the automotive sector.

The SB latex segment is expected to reach USD 3.5 billion by 2032 owing to the rising product application in the paper coating sector.

Asia Pacific market size for synthetic and bio-based butadiene is set to generate USD 23.5 billion by 2032 due to the rising product demand from the expanding automotive, footwear, and construction sectors

BASF SE, Eni S.p.A, Evonik Industries, ExxonMobil Corporation, INEOS Styrolution Group GmbH, Lyondellbasell Industries, Inc, Royal Dutch Shell, SABIC, and TPC Group are some of the top firms engaged in the synthetic & bio-based butadiene business.

Synthetic & Bio-based Butadiene Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 18
  • Tables & Figures: 185
  • Countries covered: 22
  • Pages: 160
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