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:

• This report provides in-depth analysis of the global butadiene market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global butadiene market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include BASF SE, Braskem, China Petroleum & Chemical Corporation, Dow, Evonik Industries AG, Exxon Mobil Corporation, Formosa Plastics Corporation, INEOS, JSR Corporation, LG Chem, LOTTE CHEMICAL TITAN HOLDING BERHAD, LyondellBasell Industries Holdings BV, Reliance Industries Limited., Repsol, Royal Dutch Shell Plc, SABIC, TPC Group, China National Petroleum Corporation.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global butadiene market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global butadiene market.

Detailed Segmentation-

• By Application:
  • Polybutadiene
  • Chloroprene
  • Styrene-Butadiene
  • Nitrile Rubber
  • SB Latex
  • Acrylonitrile Butadiene Styrene
  • Others
• By End-use Industry:
  • Plastic and Polymer
  • Tire and Rubber
  • Chemical
  • Others
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Company Profiles:

• BASF SE
• Braskem
• China Petroleum & Chemical Corporation
• Dow
• Evonik Industries AG
• Exxon Mobil Corporation
• Formosa Plastics Corporation
• INEOS
• JSR Corporation
• LG Chem
• LOTTE CHEMICAL TITAN HOLDING BERHAD
• LyondellBasell Industries Holdings BV
• Reliance Industries Limited.
• Repsol
• Royal Dutch Shell Plc
• SABIC
• TPC Group
• China National Petroleum Corporation