Market Size of Butadiene Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 14.11 Million tons |
| Market Volume (2029) | 16.94 Million tons |
| CAGR (2024 - 2029) | 3.71 % |
| Fastest Growing Market | Middle-East and Africa |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Butadiene Market Analysis
The Butadiene Market size is estimated at 14.11 Million tons in 2024, and is expected to reach 16.94 Million tons by 2029, growing at a CAGR of 3.71% during the forecast period (2024-2029).
The COVID-19 outbreak, nationwide lockdowns around the globe, disruption in manufacturing activities and supply chains, and production halts impacted the market in 2020. However, the market saw a surge in 2021. The demand for automotive manufacturing units, plastic, and polymer increased comparatively compared to 2020. This positively impacted the demand for styrene-butadiene and polybutadiene rubber, which is used in tires, building crack fillers, concrete additives, etc. The use of protective gloves made from nitrile rubber has increased in the current situation, thus stimulating the demand in the butadiene market.
- The developing downstream market in Asia-Pacific is expected to drive the market's growth.
- However, the hazardous effects caused by butadiene upon exposure and the closure of several tire manufacturing plants are likely to hamper the market's growth.
- The innovation of bio-butadiene to produce products like synthetic rubber, thermoplastic elastomers, nylon, etc., is likely to create opportunities for the market in the coming years.
- Asia-Pacific accounts for the highest market share and is expected to dominate the market during the forecast period.
