Press release
Butadiene Market Forecast to Reach USD 50.93 Billion by 2030
Butadiene Market
The global butadiene market is on track to reach a valuation of USD 50.93 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.4% from 2024 to 2030. This growth is primarily driven by the escalating demand in the tire industry, where butadiene serves as a crucial raw material for various elastomers, including styrene-butadiene rubber (SBR) and polybutadiene.
๐๐ฎ๐ญ๐๐๐ข๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
Butadiene is a key component in the production of synthetic rubbers and polymers, extensively utilized in automotive manufacturing, construction, and consumer goods. The market's expansion is closely linked to the automotive sector's performance, as butadiene-derived materials are integral to tire and automotive parts production. Additionally, the industry's supply dynamics are influenced by the ethylene market, given that butadiene is predominantly produced through steam cracking processes.
๐๐๐๐ฎ๐ซ๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ญ๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/13584/
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐ง๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
๐ฉ๐๐๐๐ ๐๐๐๐ ๐ด๐๐๐๐๐ ๐ฎ๐๐๐๐๐ ๐๐ ๐ฝ๐๐๐๐๐๐
Vietnam's butadiene market is experiencing robust growth, propelled by increasing demand in the production of synthetic rubber, plastics, and other industrial chemicals. The country's expanding industrial base and investments in manufacturing infrastructure are significant contributors to this upward trend.
๐ฉ๐๐๐๐ ๐๐๐๐ ๐ด๐๐๐๐๐ ๐ถ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐ป๐๐๐๐๐๐๐
Thailand's automotive and consumer goods sectors are driving the demand for butadiene, particularly in the production of synthetic rubber for tires and plastic components. The nation's strategic position as a manufacturing hub in Southeast Asia presents substantial opportunities for market expansion.
๐ฉ๐๐๐๐ ๐๐๐๐ ๐ด๐๐๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐ฑ๐๐๐๐
Japan's butadiene market is characterized by technological advancements and a focus on high-quality synthetic rubber production. The automotive industry's emphasis on performance and durability fuels the demand for butadiene derivatives, such as SBR and acrylonitrile butadiene styrene (ABS).
๐ฉ๐๐๐๐ ๐๐๐๐ ๐ด๐๐๐๐๐ ๐ช๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐บ๐๐๐๐ ๐ฒ๐๐๐๐
South Korea has witnessed increased butadiene exports from the United States, with volumes rising significantly in 2023 compared to 2022. This trend underscores the deepening trade relations and the strategic importance of butadiene in South Korea's industrial landscape.
๐ฉ๐๐๐๐ ๐๐๐๐ ๐ด๐๐๐๐๐ ๐ผ๐๐ ๐๐๐๐๐ ๐๐ ๐บ๐๐๐๐๐๐๐๐
Singapore's role as a major petrochemical hub in Asia positions it strategically in the butadiene market. The nation's advanced infrastructure and focus on innovation facilitate the development and distribution of butadiene and its derivatives across the region.
๐ฉ๐๐๐๐ ๐๐๐๐ ๐ด๐๐๐๐๐ ๐ฎ๐๐๐๐๐ ๐๐ ๐๐๐ ๐ผ๐๐๐๐๐ ๐บ๐๐๐๐๐
The U.S. butadiene market is experiencing growth, with exports to Asia, including South Korea and China, increasing notably. This expansion reflects the country's robust production capabilities and its pivotal role in meeting global butadiene demand.
๐ฉ๐๐๐๐ ๐๐๐๐ ๐ด๐๐๐๐๐ ๐ถ๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐ ๐ช๐๐๐๐
China's butadiene market is expanding, driven by the automotive and construction industries' demand for synthetic rubber and plastics. The nation's significant investments in petrochemical infrastructure and production capacity are key factors contributing to this growth.
๐ฉ๐๐๐๐ ๐๐๐๐ ๐ด๐๐๐๐๐ ๐ป๐๐๐๐ ๐ ๐๐ ๐ฌ๐๐๐๐๐
Europe's butadiene market is influenced by supply constraints, with prices remaining robust due to limited availability rather than demand growth. Despite a decline in upstream naphtha costs, butadiene pricing has been minimally affected, indicating a complex interplay of market forces.
๐๐๐ฒ ๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
๐บ๐๐๐๐๐๐ ๐๐๐ ๐ฐ๐ต๐ฌ๐ถ๐บ ๐ช๐๐๐๐๐๐๐๐๐๐๐๐: On July 28, 2022, ๐ฆ๐ถ๐ป๐ผ๐ฝ๐ฒ๐ฐ ๐ฎ๐ป๐ฑ ๐๐ก๐๐ข๐ฆ ๐๐ฟ๐ผ๐๐ฝ announced a partnership involving three joint ventures aimed at increasing petrochemical production to meet China's growing market demand.
๐ฉ๐จ๐บ๐ญ'๐ ๐ฌ๐๐๐๐๐๐๐๐ ๐๐ ๐ฉ๐๐๐๐๐๐ ๐ด๐๐๐๐๐๐๐๐: On June 8, 2022, ๐๐๐๐ expanded its line of Licity anode binders for Li-ion batteries, introducing Licity 2698 X F, a second-generation SBR binder that enables higher silicon content usage, enhancing battery capacity and performance.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/13584/
๐๐ฎ๐ญ๐๐๐ข๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
๐๐ฎ ๐๐ฎ๐ฅ๐
1Butadiene Rubber
2Styrene Butadiene Rubber
3Acrylonitrile Butadiene Rubber
4Nitrile Butadiene Rubber
Styrene Butadiene Latex
Hexamethylenediamine
๐๐ฎ ๐ผ๐ฅ๐ฅ๐ก๐๐๐๐ฉ๐๐ค๐ฃ
Polybutadiene
Chloroprene
Styrene-Butadiene
Nitrile Rubber
SB Latex
Acrylonitrile Butadiene Styrene
Adiponitrile
Sulfolane
Ethylidene Norbornene
Other Applications
๐๐ฎ ๐๐ฃ๐๐ช๐จ๐ฉ๐ง๐ฎ
Automobile Industries
Building & Construction
Consumer Products Industries
Healthcare
Others
๐ ๐จ๐ซ ๐ข๐ง-๐๐๐ฉ๐ญ๐ก ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐ฌ๐ญ๐ฎ๐๐ฒ, ๐ฏ๐ข๐ฌ๐ข๐ญ ๐ญ๐ก๐ ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐ข๐ง๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/request-sample/13584/
๐๐ฎ๐ญ๐๐๐ข๐๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐:
North America
LyondellBasell Industries Holdings B.V.
The Dow Chemical Company
TPC Group
Exxon Mobil Corporation
Europe
Royal Dutch Shell Plc
Eni S.p.A.
Evonik Industries AG
Ineos Group AG
LANXESS
Nizhnekamskneftekhim.
Repsol
Borealis AG.
Versalis S.p.A.
BASF SE
Shell PLC
Asia Pacific
China Petroleum & Chemical Corporation
LG Chem
ZEON Corporation.
Shanghai Petrochemical
China National Petroleum Corporation
JSR Corporation
LOTTE CHEMICAL TITAN HOLDING BERHAD
Reliance Industries Limited
Middle East and Africa
SABIC
Formosa Plastics Corporation
๐๐๐ญ๐๐ฌ๐ญ ๐๐ฎ๐ญ๐ญ๐ข๐ง๐ -๐๐๐ ๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐๐ซ๐จ๐ฆ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐ข๐ฌ ๐ง๐จ๐ฐ ๐ญ๐ซ๐๐ง๐๐ข๐ง๐ :
global Salicylic Acid Market https://www.maximizemarketresearch.com/market-report/global-salicylic-acid-market/24889/
Global Offshore Pipeline Market https://www.maximizemarketresearch.com/market-report/global-offshore-pipeline-market/27097/
E House Market https://www.maximizemarketresearch.com/market-report/global-e-house-market/28068/
Global Wind Tower Market https://www.maximizemarketresearch.com/market-report/global-wind-tower-market/30127/
Global Laser cleaning Market https://www.maximizemarketresearch.com/market-report/global-laser-cleaning-market/7073/
APAC White Goods Market https://www.maximizemarketresearch.com/market-report/apac-white-goods-market/86178/
Global Giant Cell Arteritis Therapeutics Market https://www.maximizemarketresearch.com/market-report/global-giant-cell-arteritis-therapeutics-market/86445/
Global Relational Database Management System Market https://www.maximizemarketresearch.com/market-report/global-relational-database-management-system-market/90652/
Global Nano Metal Oxide Market https://www.maximizemarketresearch.com/market-report/global-nano-metal-oxide-market/103545/
Global Account Reconciliation Software Market https://www.maximizemarketresearch.com/market-report/global-account-reconciliation-software-market/104828/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ
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