Chemicals and Advanced Materials

1 3 Butadiene Market Analysis by Type (Extractive Distillation, Oxidative Dehydrogenation); by Product (Butadiene Rubber, Styrene Butadiene Rubber, Acrylonitrile Butadiene Rubber, Nitrile Butadiene Rubber, SB Latex, Hexamethylenediamine, and Others); and by End User (Automobile Industries, Building and Construction, Consumer Products Industries, Healthcare and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Report ID: 447 | Published On: Oct 27, 2022

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Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.

In The News

  • S&P Global has announced the acquisition of two flagship conferences on the energy sector from the Singapore-based Conference Connection. 
  • DYNASOL Group has announced that it has installed a brand-new styrene-butadiene rubber (SSBR) production line in Santander, Spain.

Global 1 3 Butadiene Market Highlights Over 2023 - 2033

Base Year


Forecast Year




Base Year Market Size (2022)

~ 2,500 Million

Forecast Year Market Size (2033)

~ 7,600 Billion

The global 1 3 butadiene market is estimated to garner revenue of ~USD 7,600 million by the end of 2033 by growing at a CAGR of ~6% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 2,500 million in the year 2022. The growth of the market can be attributed primarily to the increasing production of motor vehicles worldwide, as 1 3 butadiene offers elastomers which are highly used in the production of tires. A report by OICA reveals that the production of motor vehicles worldwide increased from 58374162 units in 2000 to 91786861 units in 2019. 

1 3 Butadiene-Market

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The chemical compound 1,3-butadiene is a colorless, synthetic gas or liquid that is useful as a chemical intermediate or monomer (molecules that form polymers when attached to others). It is widely used in the manufacture of synthetic rubbers or elastomers and is highly soluble in ethanol, ether, acetone, and benzene, but highly insoluble in water. Moreover, the extensive use of product in end use industries such as automobile, construction, healthcare, and expansion of chemical industry are projected to drive 1 3 butadiene market growth during the forecast period. According to estimates, the Indian chemical industry is projected to grow by 10% and reach USD 300 billion in revenue by 2025.  

Global 1 3 Butadiene Market: Growth Drivers and Challenges

Growth Drivers

  • Rapid Expansion of Automotive Sector Worldwide- The Indian passenger car market was worth USD 31 billion in 2021, and is anticipated to account for USD 53 billion by 2027 while increasing at a CAGR of over 9% between 2022 and 2027.

1,3-butadiene is used in the production of synthetic rubber, while SBR is mainly used in the production of tires in combination with natural rubber. The growing preference for 1,3 butadiene in the production of rubber tyres and other automotive components coupled with escalating automotive sector is expected to augment global market growth over the forecast period.

  • Surge In Exports Of Butadiene Rubber Worldwide- According to the statistics by the International Trade Center (Trademap), the global value of exports of butadiene rubber in the year 2021 was recorded to be USD 3,389,236 thousand, which was an increase from USD 2,178,536 thousand in the previous year.
  • Rising Disposable Income And Purchasing Power Of Consumers-According to the Bureau of Economic Analysis, personal income increased by USD 47.0 billion (0.2%) in July 2022, while disposable personal income (DPI) increased by USD 37.6 billion (0.2%). 
  • Increasing Consumer Of Plastic Products Around The World- For instance, China was the second largest consumer of India's plastic exports, valued at $1,200 million, a 20% increase year-over-year.
  • Expansion Of Fast Moving Consumer Goods (FMCG) Sector- It was observed that, the Indian FMCG market is expected to rise with a CAGR of 14% to reach USD 210 billion by the end of 2025, an increase from USD 100 billion in 2022. 


  • Availability Of Renewable Substitutes For The Product
  • High Price Of Raw Material 
  • Growing Number Of Health Concerns Related To 1, 3 Butadiene 

The global 1 3 butadiene market is segmented and analyzed for demand and supply by product into butadiene rubber, styrene butadiene rubber, acrylonitrile butadiene rubber, nitrile butadiene rubber, SB latex, hexamethylenediamine, and others. Among these segments, the styrene butadiene rubber (SBR) segment is anticipated to capture the largest market size in the global 1 3 butadiene market owing to the rising trade and exports of SBR globally. Styrene butadiene rubber exports were valued at USD 6,515,185 thousands in 2021, up from USD 4,508,649 thousands in the previous year, according to the International Trade Center (Trademap).  Moreover, SBR is the major component of synthetic rubber, and it is mixed with natural rubber to create tires. It is commonly used when water, hydraulic fluids, or alcohol are present. Styrene-butadiene has strong water resistance as well as compressive strength. These factors are expected to fuel segment growth over the forecast period.

Major Macro-Economic Indicators Impacting the Market Growth


The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global 1 3 Butadiene Market Regional Synopsis

Regionally, the global 1 3 butadiene market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2033 backed by the increasing production and trade of tyre rubber. As per the ITC data, tyre rubber exports in China in 2021 were valued at USD 24,765 thousand, up from USD 22,490 thousand the previous year. Moreover, the increasing R&D investments in industrial sectors, rising vehicle production, and rapid growth in the automobile industry along with the presence of market key players in the region are anticipated to drive 1 3 butadiene market growth in Asia Pacific over the forecast period.  

1 3 Butadiene-Market-Scope

The global 1 3 butadiene market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global 1 3 butadiene market includes the following segments:

By Type

  • Extractive Distillation
  • Oxidative Dehydrogenation

By Product

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

By End User

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

Top Featured Companies Dominating the Global 1 3 Butadiene Market

  • BASF S.E.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Braskem S.A
  • Exxon Mobil Chemical Company
  • S&P Global Inc.
  • Lyondell Basell Industry N.V.
  • Royal Dutch Shell PLC.
  • DYNASOL Group
  • TPC Group Incorporation
  • Nizhnekamskneftekhim O.A.O
  • Lanxess A.G.


1 3 Butadiene-Market
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Key Questions Answered in the Report

1) What are the major factors driving the growth of the 1 3 butadiene market?

Ans: Rapid expansion of automotive sector, rising disposable income along with surge in exports of butadiene rubber worldwide are the major factors driving the growth of the 1 3 butadiene market.

2) What would be the CAGR of 1 3 butadiene market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023 – 2033.

3) What are the challenges affecting the 1 3 butadiene market growth?

Ans: Availability of renewable substitutes for the product and high price of raw material are the challenges affecting the market growth.

4) Which region will provide more business opportunities for growth of 1 3 butadiene market in future?

Ans: The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

5) Who are the major players dominating the 1 3 butadiene market?

Ans: The major players in the market are BASF S.E., Braskem S.A, Exxon Mobil Chemical Company, S&P Global Inc., Lyondell Basell Industry N.V., Royal Dutch Shell PLC., DYNASOL Group, TPC Group Incorporation, Nizhnekamskneftekhim O.A.O, Lanxess A.G.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the 1 3 butadiene market?

Ans: The market is segmented by type, product, end user and, by region.

8) Which segment captures the largest market size in product segment in the 1 3 butadiene market?

Ans: The styrene butadiene rubber segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

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