Global 1, 3 Butadiene Market – Industry Trends and Forecast to 2029

1, 3 Butadiene Market Analysis and Size

The 1, 3 butadiene market is likely to witness considerable growth during the forecast period. 1, 3 butadiene market is expected to account a healthy growth rate in forecast period which has driven by technological innovations and application-specific developments.  Furthermore, multiple industries are working on the research & development aspect of the compound to improve its properties and deal to a wider market base, which in turn boost the growth of the market during the forecast period.

Data Bridge Market Research analyses that the 1, 3 butadiene market was valued at USD 34.99 billion in 2021 and is expected to reach USD 55.77 billion by 2029, registering a CAGR of 6.00% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

1, 3 Butadiene Market Scope and Segmentation

Market Definition

1, 3 butadiene also well-known as butadiene. This is an industrial chemical which is used in the production of synthetic rubber. It is formed as a by-product during the steam cracking process of olefin and ethylene production. It is an extremely reactive, colourless and flammable gas with a mild aromatic odour. It willingly polymerizes with oxygen. It is soluble in both ether and alcohol. However, it is insoluble in water.

Global 1, 3 Butadiene Market Dynamics

Drivers

• Several industrial applications

The market scope of 1, 3 butadiene is constantly growing with the evolving end-users industries such as consumer products industries, healthcare, building and construction, and other. Also, 1, 3 butadiene has widely used in automotive sector for bonding, laminating with assembling inner parts in the automobiles, The rising demand of  1, 3 butadiene in several is expected to drive the growth of the 1, 3 butadiene market in the forecast period.

• Rapid industrialization

Rapid industrialization has the major factor for growing demand of 1, 3 butadiene from several countries. Rise in investments for infrastructure and construction and development projects in several countries eventually increased the demand for 1, 3 butadiene, Therefore, these developing countries are considered as favourable destination for the 1, 3 butadiene end users and  expected to drive the market growth. 

• High usage of Styrene-butadiene rubber 

Styrene-butadiene rubber segment cover maximum share of the 1, 3 butadiene market. 1, 3 butadiene is the primary material which is combined with natural rubber to produced tires and make plastic materials. Styrene-butadiene rubber is used for several applications such as adhesives, hoses, cable insulation, drive belts and molded rubber goods. Furthermore, styrene-butadiene latex is used to make paper coatings. Increasing demand of styrene-butadiene rubber is anticipated to boost the growth rate of the market.

 Opportunities

• Growing demand of  1, 3 butadiene in automotive industry

1, 3 Butadiene is primarily used as a monomer and as a chemical intermediate in the manufacture of polymers such as elastomers or synthetic rubbers which is majorly used in the manufacture of tires. 1, 3 Butadiene is used in the manufacture of latexes, polymers and plastic materials. Additionally, it is commonly used in manufacture of tire owing to improving components to tires, such as wear, rolling resistance and traction. Therefore, growing automotive tire production is projected to the increasing demand for 1, 3 butadiene. Which is expected to drive the growth rate of the market during the forecast period.

Restraints/ Challenges

• High cost associated with market

The manufacturing process includes high amount of expenditure which is anticipated to obstruct the 1, 3 butadiene market growth. There is a high price of ownership with the presence of other substitutes in the market. These are some of major factors which are restraining the 1, 3 butadiene market growth during the forecast period of 2022-2029.

• Increasing concern towards personal care and healthcare products

1, 3 butadiene is extensively used in personal care and health care products but 1, 3 butadiene can cause blood and lymph cancer in humans. Butadiene causes several diseases such as dizziness and headache, due to which humans can go into a coma or die. These factors are growing concern regarding health safety and hindering the market growth. 

This 1, 3 butadiene market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the 1, 3 butadiene market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on 1, 3 Butadiene Market

The COVID-19 outbreak has been adversely affected the 1, 3 butadiene industry. 1, 3-butadiene is highly flammable and available as liquefied gas and it is extracted from crude butylene concentration stream. 1, 3 butadiene is a by-product of naphtha which is used to decrease the viscosity of crude oil. Therefore, the price of the crude oil is changing day by day during the lockdown, which is hindering the manufacture of 1, 3 butadiene.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global 1, 3 Butadiene Market Scope

The 1, 3 butadiene market is segmented on the basis of type, product and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Extractive Distillation
• Oxidative Dehydrogenation

Product

• Butadiene Rubber
• Styrene Butadiene Rubber
• Acrylonitrile Butadiene Rubber
• Nitrile Butadiene Rubber
• SB Latex
• Hexamethylenediamine
• Others

 End User

• Automobile Industries
• Building and Construction
• Consumer Products Industries
• Healthcare
• Other

1, 3 Butadiene Market Regional Analysis/Insights

The 1, 3 butadiene market is analysed and market size insights and trends are provided by country, type, product and end user as referenced above.

The countries covered in the 1, 3 butadiene market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the 1, 3 butadiene market in terms of revenue and market share due to developing countries and imposition of favourable investment initiatives and policies to promote industrial growth by the governments. Also, rise in end-user industries such as consumer products, automotive and construction will likely to boost the growth of the market in this region.

North America is expected to be the fastest developing region during the forecast period of 2022-2029 due to rising automotive, construction and other end-user industries, mainly in Argentina, Brazil, and South Africa..

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and 1, 3 Butadiene Market Share Analysis

The 1, 3 butadiene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to 1, 3 butadiene market.

Some of the major players operating in the 1, 3 butadiene market are:

• BASF SE (Germany)
• LyondellBasell Industries Holdings B.V (Netherland)
• Exxon Mobil Corporation (U.S.)
• Lanxess (Germany)
• China Petrochemical Corporation (China)
• Shell plc (U.K.)
• TSRC (Taiwan)
• LG Chem (South Korea)
• JSR Corporation (Japan)
• Evonik Industries AG (Germany)
• Idemitsu Kosan Co.,Ltd. (Japan)
• Cray Valley (U.S.)
• Polymer Source. Inc. (Canada)
• NIPPON SODA CO., LTD. (Japan)
• Island Pyrochemical Industries (IPI) (U.S.)
• SABIC (Saudi Arabia)
• Reliance Industries Limited (India)
• Omnova Solutions Inc,(U.S.)
• KUMHO POLYCHEM (South Korea)
• China National Petroleum Corporation (China)

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