Press release
1,3-Butadiene Market Poised to Reach USD 73.6 Billion by 2034 with 6.0% CAGR: Exclusive Report by Transparency Market Research Inc.
1,3-Butadiene Market
1,3-Butadiene is an unsaturated hydrocarbon and a significant building block in the chemical industry. Its primary use is in manufacturing synthetic rubber, including polybutadiene and styrene-butadiene rubber (SBR), which are crucial for automotive tires and industrial applications. It is also a precursor for the production of ABS plastics, adhesives, and other specialty chemicals. It is estimated to grow at a CAGR of 6.0% from 2024 to 2034 and reach US$ 73.6 Bn by the end of 2034.
Request a PDF Sample of this Report Now!
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86034
Top Companies:
BASF SE
LyondellBasell Industries Holdings B.V.
ExxonMobil Corporation
Lanxess
China Petrochemical Corporation
Shell plc
JSR Corporation
LG Chem Ltd.
Idemitsu Kosan Co., Ltd.
Evonik Industries AG
Key Market Drivers
Automotive Industry Growth: Increased demand for synthetic rubber in tire manufacturing drives the consumption of 1,3-Butadiene.
Rising Plastic Production: Use in ABS plastics for durable and lightweight automotive, electronics, and consumer goods applications boosts market demand.
Industrial Expansion: Growing construction and infrastructure activities fuel the demand for materials derived from 1,3-Butadiene.
Technological Advancements: Innovations in extraction and production processes improve efficiency and reduce environmental impact.
Recent Developments
Sustainability Initiatives: Development of bio-based 1,3-Butadiene to reduce dependency on fossil fuels and lower carbon emissions.
Capacity Expansions: Investment in new production facilities, particularly in Asia-Pacific, to meet rising global demand.
Innovative Applications: Advancements in polymer chemistry have expanded the use of 1,3-Butadiene in high-performance materials.
Regulatory Compliance: Enhanced safety and environmental measures in production processes due to stringent regulations.
Unlock Growth Potential in Your Industry! Download PDF Brochure:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86034
Key Segmentation:
By Technique
Extractive Distillation
Oxidative Dehydrogenation
By Product
Butadiene Rubber
Styrene Butadiene Rubber
Acrylonitrile Butadiene Rubber
Nitrile Butadiene Rubber
SB Latex
Hexamethylenediamine
Others
By End-use
Automotive
Building and Construction
Consumer Products
Healthcare
Others
By Region
North America
Europe
Asia Pacific
Middle East & Africa
South America
Conclusion
The 1,3-Butadiene market is set to grow steadily, supported by its critical role in synthetic rubber and plastics production. The rising demand from automotive, construction, and industrial applications offers significant opportunities for expansion. However, addressing challenges such as environmental concerns and raw material price volatility will be vital for sustainable market growth. Investments in bio-based solutions and advanced production technologies will further strengthen the market's prospects.
Explore More Trending Report:
Calcium Chloride Market- https://www.globenewswire.com/news-release/2023/11/09/2777129/32656/en/Calcium-Chloride-Market-Expected-to-Achieve-USD-2-3-billion-by-2031-with-a-5-3-CAGR-from-2023-Insights-from-TMR-Research.html
Herbicides Market: https://www.globenewswire.com/news-release/2024/09/12/2945369/32656/en/Herbicides-Market-Size-to-Hit-USD-63-0-Billion-by-2034-at-a-CAGR-of-6-3-Driven-by-Rising-Adoption-of-Genetically-Modified-Crops-and-Precision-Agriculture-Transparency-Market-Resear.html
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact Us:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 1,3-Butadiene Market Poised to Reach USD 73.6 Billion by 2034 with 6.0% CAGR: Exclusive Report by Transparency Market Research Inc. here
News-ID: 3772196 • Views: …
More Releases from Transparency Market Research
Isononanoic Acid Market Outlook 2034: Global Industry to Reach US$ 651.2 Million …
The global isononanoic acid market is entering a phase of steady expansion, supported by rising demand across lubricants, personal care formulations, metalworking fluids, plasticizers, and specialty chemical applications. Valued at US$ 346.4 million in 2023, the market is projected to expand at a CAGR of 5.2% between 2024 and 2034, reaching an estimated US$ 651.2 million by 2034. The outlook remains positive as manufacturers increasingly adopt high-performance, low-volatility, and environmentally…
Baby Car Seat Market Outlook 2034: Safety Mandates, Innovation, and Rising Paren …
The global baby car seat market is entering a phase of steady and sustainable expansion, propelled by heightened parental awareness, stringent vehicle safety regulations, and continuous technological innovations in child mobility products. Valued at US$ 4.9 Bn in 2023, the market is projected to grow at a CAGR of 4.9% during 2024-2034, ultimately reaching US$ 8.2 Bn by 2034. This growth trajectory reflects not only rising birth rates in certain…
FPSO Pump Market Outlook 2034: Global Industry Set to Reach US$ 5.9 Billion with …
The FPSO (Floating Production, Storage, and Offloading) pump market is entering a phase of robust expansion as offshore oil and gas exploration accelerates across deepwater and ultra-deepwater fields. Valued at US$ 1.9 billion in 2023, the market is projected to grow at an impressive CAGR of 11.2% from 2024 to 2034, ultimately reaching US$ 5.9 billion by 2034. Rising global energy demand, increased offshore investments, and the strategic shift toward…
Elemental Phosphorus (P4) and Derivatives Market to Reach US$ 4.6 Billion by 203 …
The Elemental Phosphorus (P4) and Derivatives Market was valued at US$ 2.5 billion in 2023 and is forecast to grow at a CAGR of 5.7% from 2024 to 2034, reaching an estimated US$ 9.6 billion by 2034. Growth is fueled by rising demand for phosphorus derivatives such as phosphoric acid, phosphorus trichloride, and phosphorus pentoxide across fertilizers, industrial chemicals, flame retardants, and advanced energy storage applications.
Elemental phosphorus is produced primarily…
More Releases for Butadiene
Key Influencer in the Butadiene Market 2025: Butadiene Market Growth In Tandem W …
What combination of drivers is leading to accelerated growth in the butadiene market?
As the automotive industry grows, it is predicted to catalyze the butadiene market's expansion. The industry includes the design, production, sale, and service of automobiles. Materials crafted from butadiene have qualities of high endurance, adaptability, and resistance to thermal, chemical, and mechanical stress, making them apt for various automotive applications like seals, gaskets, hoses, belts, and components found…
Butadiene Market Size, Share | Forecast 2032
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲: Butadiene Market size was valued at USD 10.7 Billion in 2021 and is projected to reach USD 51.8 Billion by 2030, growing at a CAGR of 19.15 % from 2023 to 2030.
Market Overview for Butadiene Market
Butadiene Market OverviewThe global butadiene market is poised for significant growth driven by expanding applications across various industries. Butadiene, a crucial chemical used primarily in the production of synthetic rubber, is witnessing…
Bio-Butadiene Market 2022 | Detailed Report
The Bio-Butadiene report understands the current and future competitive scenario across types, countries, and applications.It provides accurate, up-to-date analysis of markets and companies.The report use reliable information and analysis to gain a deeper understanding of the current factors impacting the industry.
The Bio-Butadiene report provides exact and accurate data that helps companies of all sizes to make timely decisions. Furthermore, the report provides robust solutions to customers, assisting them to address…
Global Butadiene Market Overview
Global butadiene demand was estimated to be around 12296 kilo tons in 2018. The global butadiene market has grown at an average of 3.2% from 2014 to 2018 mainly due to strong demand from butadiene derivatives like Styrene Butadiene Rubber (SBR), Polybutadiene Rubber (PBR), Acrylonitrile Butadiene Styrene (ABS) and others in the Asia-Pacific region. The global butadiene market was impacted by the economic meltdown in 2008-2009. The demand declined during…
Butadiene and its Derivatives Market Report 2018: Segmentation by Type (Styrene …
Global Butadiene and its Derivatives market research report provides company profile for LyondellBasell Industries, Royal Dutch Shell, Braskem, CNOOC Limited, China National Petroleum Corporation (CNPC), BASF, Sinopec Group, Dow Chemical, ExxonMobil and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for…
Butadiene Market Report 2018: Segmentation by Product (Oxidative dehydrogenation …
Global Butadiene market research report provides company profile for FPCC, BASF, ExxonMobil, JSR Corp, Lotte, LyondellBasell, Ineos O&P, Sinopec, TPC Group, Braskem, Shell Chemical, CNPC and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc.…
