Butadiene Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Application (Polybutadiene (PBR), Chloroprene, Styrene-butadiene (SBR), Nitrile Rubber (Acrylonitrile Butadiene NBR), SB Latex, Acrylonitrile Butadiene Styrene (ABS), Adiponitrile, Sulfolane, Ethylidene Norbornene, and Other Applications), by End-user Industry (Plastic and Polymer, Tire and Rubber, Chemical, and Other End-user Industries), and Geography (Asia-pacific, North America, Europe, South America, Middle East & Africa)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Middle East and Africa

Largest Market:

Asia Pacific

CAGR:

Less Than 4 %

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Market Overview

The market for butadiene is expected to register a CAGR of around 4% during the forecast period. 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. Developing downstream market in Asia-Pacific is one of the drivers boosting the market growth. However, hazardous effects caused by butadiene is expected to hinder the growth of the market studied.

  • Polybutadiene dominated the market holding a share of almost 30%. 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:

Application
Polybutadiene (PBR)
Chloroprene
Styrene-Butadiene (SBR)
Nitrile Rubber (Acrylonitrile Butadiene NBR)
SB Latex
Acrylonitrile Butadiene Styrene (ABS)
Adiponitrile
Sulfolane
Ethylidene Norbornene
Others
End-user Industry
Plastic and Polymer
Tire and Rubber
Chemical
Others
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Polybutadiene (PBR) to Dominate the Market

  • The automotive industry relies on PBR for non-tire applications, such as hoses, belts, gaskets, and other automotive components, because of its high resistance to cold temperatures.
  • The increasing number of automobiles across the world and the increasing demand for PBR for numerous applications are expected to stimulate the growth of the global butadiene market. However, the recent downfall in automobile production and sales is likely to hinder the market growth.
  • PBR consumption is dominated by Northeast Asia, particularly China. West Europe and North America are the next largest consumer regions for PBR.
  • On the supply side, the PBR plants in Asia are running at full rates to meet the strong demand. Deep-sea supplies from Europe and the Middle East are also expected to head to Asia, in order  to help meet the strong demand.
  • Leading producers of PBR around the world include Lanxess, Korea Kumho, Michelin, Ncgromcx, Nippon Zeon, Petkim, Turkey, Petrochim, RcpsonOuimica, Taiwan Synthetic, Ube and Romania, and CIS.

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Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region dominated the global butadiene market. 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.

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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.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Developing Downstream Market in Asia-Pacific

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Hazardous Effects Caused by Butadiene

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's 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

  5. 5. MARKET SEGMENTATION

    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 SB Latex

      6. 5.1.6 Acrylonitrile Butadiene Styrene (ABS)

      7. 5.1.7 Adiponitrile

      8. 5.1.8 Sulfolane

      9. 5.1.9 Ethylidene Norbornene

      10. 5.1.10 Others

    2. 5.2 End-user Industry

      1. 5.2.1 Plastic and Polymer

      2. 5.2.2 Tire and Rubber

      3. 5.2.3 Chemical

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    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 Dow

      5. 6.4.5 Evonik Industries AG

      6. 6.4.6 Exxonmobil Chemical Company

      7. 6.4.7 Formosa Plastics Group

      8. 6.4.8 Ineos Group AG

      9. 6.4.9 JSR Corporation

      10. 6.4.10 Lanxess AG

      11. 6.4.11 LG Chem Limited

      12. 6.4.12 Lotte Chemical Titan Holding Berhad

      13. 6.4.13 Lyondellbasell Industries NV

      14. 6.4.14 Reliance Industries Limited

      15. 6.4.15 Repsol SA

      16. 6.4.16 Royal Dutch Shell PLC

      17. 6.4.17 Saudi Basic Industries Corporation (SABIC)

      18. 6.4.18 TPC GROUP

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Innovation of Bio-butadiene

** Subject to Availability

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