Butadiene Market
Global butadiene market is estimated to be valued at USD 35.38 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031. Global butadiene market has been witnessing steady growth over the past few years, owing to rising demand from various end-use industries including automotive, construction, and textile. Butadiene is an important raw material used in the production of synthetic rubber as it imparts elasticity and strength to rubber products. It is primarily utilized in the manufacturing of styrene-butadiene rubber and Polybutadiene. Growing automobile fleet across both developed and developing nations and increasing preference for fuel-efficient and lightweight vehicles boosts the consumption of butadiene-based tires and other automotive rubber components. Moreover, growing construction sector along with rising infrastructure development activities around the world have enhanced the product adoption in polymers and resins used in various construction applications. Increasing population and industrialization is expected to drive the global butadiene market growth over the forecast period.
Market Dynamics:
Robust growth of the automotive sector, especially in developing countries such as China, India and others, is expected to boost demand for butadiene worldwide. Increasing vehicle affordability coupled with rising focus toward fuel-efficient and environment-friendly vehicles has provided a fillip to the tire manufacturing industry. Butadiene finds widespread usage in the production of synthetic rubber such as styrene butadiene rubber (SBR) which is used to manufacture tire components including tread, sidewall and hoses. However, fluctuating raw material prices due to supply constraints and high dependency on crude oil derivatives for butadiene production can hamper the market growth. Growing demand for polybutadiene rubber (PBR) in various end-use applications including coatings, adhesives and sealants offers potential growth opportunities for the players operating in the market.
Key Features of the Study:
Detailed Segmentation-
Company Profiles:
Table of Contents
* Browse 25 market data tables* and 20 figures* on "Global Butadiene Market” - Global forecast to 2031.
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