Global Butadiene Market Research Report 2022 - Market Size, Current Insights and Development Trends

Butadiene, an organic compound, is obtained as a by-product during the production of ethylene and propylene. Conventionally, butadiene was produced through steam cracking of naphtha followed by extractive distillation. Dehydrogenation of butane or ethanol is also one of the processes used for producing butadiene. On account of high cost involved in producing butadiene by conventional methods and recent discoveries shale gas, especially in the United States, producers are shifting to using lighter feedstock, such as ethane and propane, for producing butadiene. Synthetic rubber industry is the largest consumer of butadiene, wherein it is processed for producing derivatives such as Styrene Butadiene Rubber (SBR), Polybutadiene Rubber (PBR), Acrylonitrile Butadiene Styrene Resins (ABS), Styrene Butadiene Latex (SB Latex), Adiponitrile, and Nitrile Rubber (NR). These derivatives are majorly used across automotive sector for manufacturing tyres and other components.
The Butadiene market has witnessed a growth from USD XX million to USD XX million from 2017 to 2022. With a CAGR of X.X%, this market is estimated to reach USD XX million in 2029.

The report focuses on the Butadiene market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides strategies for companies to overcome threats posed by COVID-19.

Technological innovation and advancement will further optimize the performance of the product, enabling it to acquire a wider range of applications in the downstream market. Moreover, customer preference analysis, market dynamics (drivers, restraints, opportunities), new product release, impact of COVID-19, regional conflicts and carbon neutrality provide crucial information for us to take a deep dive into the Butadiene market.

Major Players in the Butadiene market are:
LG Chem
CNPC
Braskem
Sinopec
Lotte
ExxonMobil
Evonik
TPC Group
Ineos O&P
FPCC
JSR Corp
LyondellBasell
Sabina
BASF
Shell Chemical

On the basis of types, the Butadiene market is primarily split into:
Extractive distillation
Oxidative dehydrogenation

On the basis of applications, the market covers:
Styrene Butadiene Latex (SBL)
Butadiene Rubber (BR)
Styrene Butadiene Rubber (SBR)
Others

Major Region

s or countries covered in this report:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others

Years considered for this report:

Historical Years:

2017-2021

Base Year:

2021

Estimated Year:

2022

Forecast Period:

2022-2029