1 3 Butadiene Market Size & Share, by Type (Extractive Distillation, Oxidative Dehydrogenation); Product (Butadiene Rubber, Styrene Butadiene Rubber, Acrylonitrile Butadiene Rubber, Nitrile Butadiene Rubber, SB Latex, Hexamethylenediamine); End-user (Automobile Industries, Building, Construction, Consumer Products Industries, Healthcare) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 447
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

1 3 Butadiene Market size is poised to cross USD 7.6 Billion by the end of 2033, growing at a CAGR of 6% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of 1 3 butadiene was over USD 2.5 Billion. 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.

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. 


1 3 Butadiene-Market
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1 3 Butadiene Sector: 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. 

Challenges

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

1 3 Butadiene Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

6%

Base Year Market Size (2022)

2.5 Billion

Forecast Year Market Size (2033)

7.6 Billion

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1 3 Butadiene Segmentation

Product (Butadiene Rubber, Styrene Butadiene Rubber, Acrylonitrile Butadiene Rubber, Nitrile Butadiene Rubber, SB Latex, Hexamethylenediamine)

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.

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

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1 3 Butadiene Industry - 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. 

Research Nester
1 3 Butadiene-Market-Size
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Companies Dominating the 1 3 Butadiene Landscape

top-features-companies
    • 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.

In-the-news

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.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 447
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

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.

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

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

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.

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.

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.

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

The styrene butadiene rubber segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
1 3 Butadiene Market Report Scope
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