Press release
Strong Growth Ahead: Butadiene Market Size To Grow At Arecord 18.9% Cagr By 2029
Butadiene
How Big Is the Butadiene Market Size Expected to Be by 2034?
The Butadiene Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Butadiene Market Size Expected to Be by 2034?
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What Are the Emerging Segments Within the Butadiene Market?
The butadiene market covered in this report is segmented -
1) By Product: Polybutadiene (PBR), Styrene-Butadiene (SBR), Chloroprene, Nitrile Rubber, Acronitrile Butadiene Styrene (ABS), Adiponitrile, Sulfolane, Ethylidene Norbornene, Styrene Butadiene Latex, Other Products
2) By Production Process: C4 Hydrocarbon Extraction, N-Butane Dehydrogenation, From Ethanol, From Butenes
3) By Sales Channel: Direct Sale, Indirect Sale
4) By End-User Industry: Plastic And Polymer, Tire And Rubber, Chemical, Other End-User Industries
Subsegments:
1) By Polybutadiene (PBR): High-Cis Polybutadiene, Low-Cis Polybutadiene
2) By Styrene-Butadiene (SBR): Emulsion Styrene-Butadiene Rubber (ESBR), Solution Styrene-Butadiene Rubber (SSBR)
3) By Chloroprene: Neoprene Rubber
4) By Nitrile Rubber: High Acrylonitrile Nitrile Rubber, Low Acrylonitrile Nitrile Rubber
5) By Acrylonitrile Butadiene Styrene (ABS): Standard ABS, Impact-Modified ABS
6) By Adiponitrile: High-Purity Adiponitrile, Technical-Grade Adiponitrile
7) By Sulfonale: Sulfonated Butadiene Copolymers
8) By Ethylidene Norbornene: Dicyclopentadiene Copolymers
9) By Styrene Butadiene Latex: Standard Styrene Butadiene Latex, Specialty Styrene Butadiene Latex
10) By Other Products: Butadiene Rubber Blends, Specialty Butadiene Products
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What Long-Term Drivers Are Shaping Butadiene Market Trends?
The anticipated growth of the automotive sector is set to fuel progress in the butadiene market. It's key to note that the automotive field encompasses the invention, construction, marketing, and preservation of motored vehicles. Materials derived from butadiene are revered for their exceptional durability, elasticity, and robustness against heat, chemicals, and mechanical strains, marking them as optimal for uses in the automotive arena such as in seals, gaskets, hoses, belts, and internal components of vehicles. As per the Department of Infrastructure, Transport, Regional Development, Communications, and the Arts, an administrative division within the Australia-based government tasked with executing state policies and programs revealed in February 2024 that as of January 31, 2022, the number of registered motor vehicles was 20.7 million, evidencing a 2% rise from the previous year. Furthermore, the total Battery Electric Vehicles (BEVs) scored around 40,000, doubling the count from 2021 with passenger cars making up 34,200 in 2022, surging by 118% from the prior year. In contrast, Hybrid-Electric Vehicles (HEVs) marked roughly 277,000 in 2022, indicating an uptick of 35% from 2021. Hence, the expansion of the automotive sector stands as a considerable propellant for the growth in the butadiene market.
Who Are the Top Competitors in Key Butadiene Market Segments?
Major companies operating in the butadiene market include Exxon Mobil Corporation, China Petroleum & Chemical Corporation, Shell plc., Eni S.p.A., Reliance Industries Limited, BASF SE, Repsol S.A., The Dow Chemical Company, Saudi Arabia's Basic Industries Corporation, Lyondellbasell Industries Holdings B.V., LG Chem Ltd., Ineos Group AG, China National Petroleum Corporation, Evonik Industries AG, Borealis AG, Lanxess AG, Formosa Plastics Corporation, Zeon Corporation, Nova Chemicals Corporation, JSR Corporation, Lotte Chemical Titan Holding Berhad, Nizhnekamskneftekhim, TPC Group, Mallard Creek Polymers Inc., AirBoss Rubber Solutions
What Butadiene Market Trends Are Gaining Traction Across Different Segments?
A pivotal trend emerging in the butadiene market is the introduction of novel products, a strategy being deployed by prominent firms in the market to keep up with demand and retain their market standing. For instance, Evonik Industries AG, a specialty chemicals firm based in Germany, unveiled POLYVEST eCO in June 2022. This is an inventive line of sustainable liquid polybutadienes that minimize the dependency on fossil raw materials by a staggering 99.9%. This product series fully caters to a progressively eco-friendly market while maintaining physical and chemical attributes identical to those of fossil-based products. The industries of automotive, electronics, and construction employ POLYVEST eCO as an ingredient for adhesives and sealants. Additionally, it's utilized as a rubber additive in the production of tires.
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Which Regions Are Becoming Hubs for Butadiene Market Innovation?
Asia-Pacific was the largest region in the butadiene market in 2024. The Middle East and Africa are expected to be the fastest-growing regions in the forecast period. The regions covered in the butadiene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Butadiene Market?
2. What is the CAGR expected in the Butadiene Market?
3. What Are the Key Innovations Transforming the Butadiene Industry?
4. Which Region Is Leading the Butadiene Market?
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