Global Butadiene Market,By Product (Butadiene Rubber, Styrene Butadiene Rubber, Acrylonitrile Butadiene Rubber, Nitrile Butadiene Rubber, Styrene Butadiene Latex, Hexamethylenediamine), End User (Automobile Industries, Building and Construction, Consumer Products Industries, Healthcare, Others), Application (Polybutadiene, Chloroprene, Styrene-Butadiene, Nitrile Rubber, SB Latex, Acrylonitrile Butadiene Styrene, Adiponitrile, Sulfolane, Ethylidene Norbornene, Other Applications), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Butadiene Market
The butadiene market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 3.1% in the above-mentioned forecast period.
Butadiene is basically highly reactive colorless gas. It is one of the vital industrial compounds used for the production of synthetic rubber and plastic. The resultant rubber and plastic products are used by the automotive industries, for construction material, packaging, as a consumer product and protective clothing. They are used in various application such as polybutadiene, chloroprene, styrene-butadiene, nitrile rubber, SB latex, acrylonitrile butadiene styrene, adiponitrile, sulfolane, ethylidene norbornene and other applications.
The factors such as growing demand form end-use industries and improved functionality at lower cost and rising number of automobiles are the root cause fueling up the market growth rate. The factors expected to cushion the growth of the butadiene market in the forecast period are the diversity in the usage of butadiene in end-user industries and owing to its excellent elastic properties it is also used in the electrical industry, as an insulation solution for wires and cables which will further carve the way for the growth of market. Moreover, its usage in the manufacturing of tire treads for commercial and passenger vehicles, golf balls, footwear, industrial parts, automotive components, rubber isolators and casters, inner tubes of hoses for sandblasting, covers for pneumatic and water hoses, conveyor belts, shoe soles, and polystyrene modifier are further expected to cushion the overall markets growth. On the other hand, the factors such as decline in the production due to shale oil discoveries, harmful acute and chronic effect are expected to impede the growth of the butadiene market. The volatile raw material prices coupled with the stringent regulatory scenario are also projected to hamper market’s overall growth.
The growing demand for nylon 66 resin in major end-use industries such as automotive and electronics and focus of manufacturers towards focus towards developing bio-based routes to manufacture 1,3 butadiene are estimated to generate numerous opportunities for the market. On the flip side, the recent downfall in the automotive industry is projected to pose as a major challenge to the growth of the butadiene market.
This 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, geographical expansions, technological innovations in the market. To gain more info on 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.
Global Butadiene Market Scope and Market Size
The butadiene market is segmented on the basis of product, end user and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product, the butadiene market is segmented into butadiene rubber, styrene butadiene rubber, acrylonitrile butadiene rubber, nitrile butadiene rubber, styrene butadiene latex and hexamethylenediamine.
- Based on end user, the butadiene market is segmented into automobile industries, building and construction, consumer products industries, healthcare and others.
- Butadiene market is also segmented on the basis of application into polybutadiene, chloroprene, styrene-butadiene, nitrile rubber, SB latex, acrylonitrile butadiene styrene, adiponitrile, sulfolane, ethylidene norbornene and other applications.
Butadiene Market Country Level Analysis
The butadiene market is analyzed and market size, volume information is provided by product, end user and application as referenced above.
The countries covered in the 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, Israel, Egypt, South Africa, 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 butadiene market owing to the enhanced and favorable investment policies by the government in order to promote industrial growth, rise in population, and developing economies within the region. North America on the other hand, will continue to however show lucrative growth within the forecast period owing to their high resistance to solvents and oils while they can be used at higher temperatures than other types of rubbers.
The country section of the butadiene market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Butadiene Market Share Analysis
The 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 butadiene market.
Some of the major players operating in the butadiene market report are China Petroleum Corporation, Shell, Eni ., corporate.evonik, Ineos, LANXESS, LG Chem, LyondellBasell Industries Holdings B.V., PJSC "Nizhnekamskneftekhim"., Repsol, SABIC, Dow, TPC Group, Formosa Plastics Corporation, U.S.A., ZEON Corporation., China Petrochemical Corporation Borealis AG., and Versalis S.p.A., among others.