Butadiene Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Application (Polybutadiene (PBR), Chloroprene, Styrene-butadiene (SBR), Nitrile Rubber (Acrylonitrile Butadiene NBR), Acrylonitrile Butadiene Styrene (ABS), Adiponitrile, Sulfolane, Ethylidene Norbornene, Styrene Butadiene Latex, and Other Applications), by End-user Industry (Plastic and Polymer, Tire and Rubber, Chemical, and Other End-user Industries), and Geography.

Market Snapshot

Butadiene Market - Market Summary
Study Period:


Base Year:


Fastest Growing Market:

Middle East and Africa

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The market for butadiene is expected to register a CAGR of 4.46% during the forecast period (2019-2024). Rapidly growing automotive production is expected to drive the market. Butadiene is majorly used in the production of styrene-butadiene rubber (SBR) and polybutadiene rubber (PBR), which is used to produce tires and plastic materials. Growing automotive production is, hence, the largest driving factor for the market, owing to the increasing use of tires and plastics in automotive manufacturing. However, hazardous effects caused by butadiene is expected to hinder the growth of the market studied.

  • Polybutadiene dominated the market in 2018. However, the acrylonitrile butadiene styrene (ABS) segment is expected to witness the highest CAGR during the forecast period.
  • The innovation of bio-butadiene is likely to act as an opportunity in the future.
  • Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and South Korea.

Scope of the Report

The butadiene market report includes:

Polybutadiene (PBR)
Styrene-butadiene (SBR)
Nitrile Rubber (Acrylonitrile Butadiene NBR)
Acrylonitrile Butadiene Styrene (ABS)
Ethylidene Norbornene
Styrene Butadiene Latex
Other Applications
Quarter-turn Valve
Multi-turn Valve
Other Products (Control Valves)
End-user Industry
Plastic and Polymer
Tire and Rubber
Other End-user Industries
South Korea
Rest of Asia-Pacific
North America
United States
Rest of North America
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Rapidly Increasing Automotive Production Creating a Demand for Butadiene Rubber

  • The 1,3 butadiene is highly used in the manufacturing of synthetic rubbers or elastomers. Different types of polymers and monomers can be produced using 1,3 butadiene, such as styrene-butadiene rubber, nitrile rubber, polychloroprene, and polybutadiene rubber. Thus, it has a high demand from the automotive industry.
  • ABS is majorly used for the production of automotive components, such as wheel covers, dashboard trims, and bumpers. Moreover, it offers added advantages to the manufacturers, such as a shiny and impervious surface, and the butadiene part, which is a rubbery substance, provides resilience even at low temperatures, and is impact-resistant, tough, and heat-resistant.
  • Additionally, the rising demand for lightweight vehicles, globally, is expected to boost the automotive production, thus driving the demand for butadiene during the forecast period.
  • Moreover, the popularity associated with electric vehicles is mainly due to the eco-friendly nature of the product, when compared to its conventional counterparts. Furthermore, the market is expected to reach a sales of over 1.9 million units in 2018, recording an expected increase of 48% during the same year.
  • With the growing global automotive production, countries in Asia-Pacific, like China, India, the Philippines, and Vietnam, are turning out to be potential markets for the demand and supply of automobiles, as many automotive manufacturers have been establishing their manufacturing and assembly plants in these countries.
Segmentation - Butadiene Market

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Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region dominated the global market share in 2018. The downstream market in Asia-Pacific witnessed a huge spur in the past few years, owing to which, the demand for butadiene has witnessed a rapid increase due to its requirement.
  • China has achieved some milestones in shale gas exploration, both in capacity and  drilling techniques, making it one of the top shale gas suppliers worldwide.
  • India, with the support of the United States, is working on developing the shale gas exploration in its coastal regions, with US companies joining the exploration process. India has recoverable shale gas reserves, which are estimated to have a capacity of 96 trillion cubic feet (tcf), mainly in Tamil Nadu, Andhra Pradesh, and Rajasthan. The Krishna-Godavari basin, located in eastern India, holds the country’s largest shale gas reserves, extending over 7,800 gross square miles, with a prospective area of 4,340 square miles.
  • Presently, Australia has the seventh-biggest potential shale gas resources and the sixth-biggest shale oil resources in the world. According to an estimate, the technically recoverable shale resources were at 437 tcf in six basins, and about 1,000 tcf in all the prospective basins, in 2013. Australia has large shale gas formations that are similar in size to the Marcellus and Bakken formations in the United States.
  • Therefore, the aforementioned factors are expected to drive the demand for butadiene in the coming years.
Regional - Butadiene Market

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Competitive Landscape

The market studied is fragmented, and the top five players account for a market share of ~30% of the total production capacity. Some of these major players include LyondellBasell Industries Holdings BV, BASF SE, China Petroleum and Chemical Corporation (Sinopec), Exxon Mobil Corporation, and TPC Group.

Major Players

  1. LyondellBasell Industries Holdings BV
  2. China Petroleum & Chemical Corporation (Sinopec)
  3. BASF SE
  4. Exxon Mobil Corporation
  5. TPC Group

* Complete list of players covered available in the table of contents below

Market Concentration - Butadiene Market

Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Rapidly Increasing Automotive Production Creating a Demand for Butadiene Rubber

      2. 4.1.2 Developing Downstream Market in Asia-Pacific

    2. 4.2 Restraints

      1. 4.2.1 Hazardous Effects Caused by Butadiene

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Feedstock Analysis

    6. 4.6 Technological Snapshot

    7. 4.7 Supply Scenario


    1. 5.1 Application

      1. 5.1.1 Polybutadiene (PBR)

      2. 5.1.2 Chloroprene

      3. 5.1.3 Styrene-butadiene (SBR)

      4. 5.1.4 Nitrile Rubber (Acrylonitrile Butadiene NBR)

      5. 5.1.5 Acrylonitrile Butadiene Styrene (ABS)

      6. 5.1.6 Adiponitrile

      7. 5.1.7 Sulfolane

      8. 5.1.8 Ethylidene Norbornene

      9. 5.1.9 Styrene Butadiene Latex

      10. 5.1.10 Other Applications

    2. 5.2 Product

      1. 5.2.1 Quarter-turn Valve

      2. 5.2.2 Multi-turn Valve

      3. 5.2.3 Other Products (Control Valves)

    3. 5.3 End-user Industry

      1. 5.3.1 Plastic and Polymer

      2. 5.3.2 Tire and Rubber

      3. 5.3.3 Chemicals

      4. 5.3.4 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.4.2 North America

        1. United States

        2. Canada

        3. Mexico

        4. Rest of North America

      3. 5.4.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Rest of Europe

      4. 5.4.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.4.5 Middle East & Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle East & Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 BASF SE

      2. 6.4.2 Braskem SA

      3. 6.4.3 China Petroleum & Chemical Corporation (Sinopec)

      4. 6.4.4 Evonik Industries AG

      5. 6.4.5 Exxonmobil Chemical Company

      6. 6.4.6 Formosa Plastics Group

      7. 6.4.7 Ineos Group AG

      8. 6.4.8 JSR Corporation

      9. 6.4.9 Lanxess AG

      10. 6.4.10 LG Chem Limited

      11. 6.4.11 Lyondellbasell Industries NV

      12. 6.4.12 Reliance Industries Limited

      13. 6.4.13 Repsol SA

      14. 6.4.14 Royal Dutch Shell PLC

      15. 6.4.15 Saudi Basic Industries Corporation (SABIC)

      16. 6.4.16 TPC GROUP


      18. 6.4.18 DowDuPont Inc.

    5. *List Not Exhaustive

    1. 7.1 Innovation of Bio-butadiene

**Subject to Availability

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