Butadiene Market by Derivative Type and Geography - Forecast and Analysis 2022-2026

Published: Jan 2022 Pages: 120 SKU: IRTNTR72137

The butadiene market share is expected to increase by USD 10.77 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.15%.

This butadiene market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers butadiene market segmentation by derivative type (polybutadiene rubber, styrene-butadiene rubber, acrylonitrile butadiene styrene resins, styrene-butadiene latex, and others) and geography (APAC, Europe, North America, South America, and MEA). The butadiene market report also offers information on several market vendors, including BASF SE, Braskem SA, China National Petroleum Corp., Dow Inc., Evonik Industries AG, Exxon Mobil Corp., Formosa Petrochemical Corp, INEOS Group Holdings SA, Royal Dutch Shell Plc, and TPC Group among others.

What will the Butadiene Market Size be During the Forecast Period?

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Butadiene Market: Key Drivers, Trends, and Challenges

The increasing demand from the automotive industry is notably driving the butadiene market growth, although factors such as regulations imposed on the emission of toxic fumes may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the butadiene industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Butadiene Market Driver

One of the key factors driving the global butadiene market growth is the increasing demand from the automotive industry. An upsurge in the price of natural rubber has impelled tire manufacturers to widely replace the product with synthetic rubber, in which SBR is one of the least expensive products. Furthermore, the global market for automotive is expected to grow during the forecast period owing to the increase in the demand for lightweight and fuel-efficient vehicles. The high demand for passenger vehicles is expected due to the improved economic outlook in developed countries, such as the US, and developing countries, such as China and India due to the increase in the middle-class population, high disposable incomes, and a rise in the employed population. Thus, the increasing demand for vehicles and the increase in the popularity of butadiene in the production of tires and non-tire components are driving the growth of the global butadiene market.

Key Butadiene Market Trend

Rising demand for bio-based feedstock is another key factor driving the global butadiene market growth. The development of renewable chemicals for the production of rubber is growing rapidly on the grounds of achieving sustainability. High prices and the indefinite supply of petroleum raw materials and natural rubber have further accelerated the adoption of renewable feedstock for the production of synthetic rubber. Key vendors in the SBR market such as Gevo, Amyris, and Genomatica are focusing on producing synthetic rubber from bio-based raw materials such as sugar, glycerin, and other plant-based raw materials. They are entering partnerships with industrial biotech firms to advance the commercial production of bio-based rubber raw materials. Thus, the intermittent focus of the major market players to achieve cost-effectiveness and sustainability through the development of bio-based feedstock will certainly impact the growth of the global butadiene market during the forecast period.

Key Butadiene Market Challenge

One of the key challenges to the global butadiene market growth is the regulations imposed on the emission of toxic fumes. A typical butadiene plant might emit around 6-22 pounds of volatile organic compound (VOC) for 1 ton of product. Tire rubber crumb comprises a wide range of organic chemicals and heavy metals that can be volatile, emit toxins in the atmosphere, or blend with percolating rainwater, posing a probable risk to human health and the environment. Hence, regulatory agencies, such as the Environmental Protection Agency (EPA), have issued certain guidelines and regulatory control to the production of butadiene. For instance, EPA has issued national emission standards for hazardous air pollutants for new and current sources at rubber tire production facilities. Thus, stringent laws on the use of butadiene is expected to impede the growth of the global butadiene market during the forecast period.

This butadiene market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global butadiene market as a part of the global diversified chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the butadiene market during the forecast period.

Who are the Major Butadiene Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • BASF SE
  • Braskem SA
  • China National Petroleum Corp.
  • Dow Inc.
  • Evonik Industries AG
  • Exxon Mobil Corp.
  • Formosa Petrochemical Corp
  • INEOS Group Holdings SA
  • Royal Dutch Shell Plc
  • TPC Group

 

This statistical study of the butadiene market encompasses successful business strategies deployed by the key vendors. The butadiene market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • BASF SE - The company offers high purity butadiene which obtained from butadiene extraction technology

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The butadiene market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Butadiene Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the butadiene market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global diversified chemicals market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Support activities
  • Innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Butadiene Market?

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57% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for butadiene in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The presence of a large number of manufacturing industries in emerging economies such as China will facilitate the butadiene market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 hampered the growth of the regional butadiene market. The manufacturing industry in the region has been highly affected by the restrictions imposed to control the spread of the pandemic, as production units have been closed or the production process has been halted. This had a negative impact on the growth of the regional butadiene market in 2020. However, the lifting of lockdowns in several countries and large-scale vaccination drives resulted in increased economic activities in 2021. Several governments across the region also announced stimulus packages, modified a few policies, and launched schemes to aid businesses and revive the economy. Such funding provided by governments in APAC for the support of small and medium-sized enterprises (SMEs) is expected to drive the growth of the regional market during the forecast period.

What are the Revenue-generating Derivative Type Segments in the Butadiene Market?

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The butadiene market share growth by the polybutadiene rubber segment will be significant during the forecast period. The wide application of PBR in the manufacturing of tire treads for commercial and passenger vehicles, automotive components, covers for pneumatic and water hoses, golf balls, footwear, industrial parts, rubber isolators and casters, inner tubes of hoses for sandblasting, conveyor belts, shoe soles, and polystyrene modifiers is expected to support the growth in this segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the butadiene market size and actionable market insights on post COVID-19 impact on each segment.

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Styrene Butadiene (SB) Latex market - The market share is expected to increase by USD 1.15 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.04%.

Butadiene Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.15%

Market growth 2022-2026

$ 10.77 billion

Market structure

Fragmented

YoY growth (%)

5.90

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 57%

Key consumer countries

China, US, India, Germany, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

BASF SE, Braskem SA, China National Petroleum Corp., Dow Inc., Evonik Industries AG, Exxon Mobil Corp., Formosa Petrochemical Corp, INEOS Group Holdings SA, Royal Dutch Shell Plc, and TPC Group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Butadiene Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive butadiene market growth during the next five years
  • Precise estimation of the butadiene market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the butadiene industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of butadiene market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

***1. Executive Summary                           

                **1.1 Market Overview

                                *Exhibit 01:  Key Finding 1

                                *Exhibit 02:  Key Finding 2

                                *Exhibit 03:  Key Finding 3

                                *Exhibit 04:  Key Finding 5

                                *Exhibit 05:  Key Finding 6

                                *Exhibit 06:  Key Finding 7

                                *Exhibit 07:  Key Finding 8

***2. Market Landscape                             

                **2.1 Market ecosystem

                             *2.1.1 Parent Market    

                                *Exhibit 08:   Parent market

                                *Exhibit 09:  Market Characteristics

                **2.2 Value chain analysis           

                                *Exhibit 10:  Value chain analysis : Diversified chemicals

                                *2.2.1 Inputs

                                *2.2.2 Inbound logistics

                                *2.2.3 Operations

                                *2.2.4 Outbound logistics

                                *2.2.5 Marketing and sales

                                *2.2.6 Support activities

                                *2.2.7 Innovations

***3. Market Sizing                       

                **3.1 Market definition

                                *Exhibit 11:   Offerings of vendors included in the market definition

                **3.2 Market segment analysis 

                                *Exhibit 12:   Market segments

                **3.3 Market size 2021 

                **3.4 Market outlook: Forecast for 2021 - 2026 

                                *3.4.1    Estimating growth rates for emerging and high-growth markets

                                *3.4.2    Estimating growth rates for mature markets

                                *Exhibit 13:  Global - Market size and forecast 2021 - 2026 ($ million)

                                *Exhibit 14:  Global market: Year-over-year growth 2021 - 2026 (%)

***4. Five Forces Analysis                          

                **4.1 Five Forces Summary        

                                *Exhibit 15: Five forces analysis 2021 & 2026

                **4.2 Bargaining power of buyers           

                                *Exhibit 16: Bargaining power of buyers

                **4.3 Bargaining power of suppliers       

                                *Exhibit 17: Bargaining power of suppliers

                **4.4 Threat of new entrants    

                                *Exhibit 18: Threat of new entrants

                **4.5 Threat of substitutes         

                                *Exhibit 19: Threat of substitutes

                **4.6 Threat of rivalry   

                                *Exhibit 20: Threat of rivalry

                **4.7 Market condition

                                *Exhibit 21:  Market condition - Five forces 2021

***5. Market Segmentation by Derivative type                

                **5.1 Market segments

                                *The segments covered in this chapter are:

  • Polybutadiene rubber
  • Styrene butadiene rubber
  • Acrylonitrile butadiene styrene resins
  • Styrene butadiene latex
  • Others

                             *Exhibit 22:  Derivative type - Market share 2021-2026 (%)

                **5.2     Comparison by Derivative type 

                                *Exhibit 23:  Comparison by Derivative type

                **5.3     Polybutadiene rubber - Market size and forecast 2021-2026         

                                *Exhibit 24:  Polybutadiene rubber - Market size and forecast 2021-2026 ($ million)

                                *Exhibit 25:  Polybutadiene rubber - Year-over-year growth 2021-2026 (%)

                **5.4     Styrene butadiene rubber - Market size and forecast 2021-2026 

                                *Exhibit 26:  Styrene butadiene rubber - Market size and forecast 2021-2026 ($ million)

                                *Exhibit 27:  Power ship - Year-over-year growth 2021-2026 (%)

                **5.5     Acrylonitrile butadiene styrene resins - Market size and forecast 2021-2026          

                                *Exhibit 28:  Acrylonitrile butadiene styrene resins - Market size and forecast 2021-2026 ($ million)

                                *Exhibit 29:  Acrylonitrile butadiene styrene resins - Year-over-year growth 2021-2026 (%)

                **5.6     Styrene butadiene latex  - Market size and forecast 2021-2026    

                                *Exhibit 30:  Styrene butadiene latex  - Market size and forecast 2021-2026 ($ million)

                                *Exhibit 31:  Styrene butadiene latex  - Year-over-year growth 2021-2026 (%)

                **5.7     Others  - Market size and forecast 2021-2026      

                                *Exhibit 32:  Others  - Market size and forecast 2021-2026 ($ million)

                                *Exhibit 33:  Others  - Year-over-year growth 2021-2026 (%)

                **5.8     Market opportunity by Derivative type  

                                *Exhibit 34:  Market opportunity by Derivative type

***6. Customer landscape                         

                **6.1     Overview           

                                *Exhibit 35:  Customer landscape

***7. Geographic Landscape                     

                **7.1 Geographic segmentation

                                *The regions covered in the report are:

  • APAC
  • Europe
  • North America
  • South America
  • MEA

                                *Exhibit 36:  Market share by geography 2021-2026 (%)

                **7.2 Geographic comparison   

                                *Exhibit 37:  Geographic comparison

                **7.3     APAC - Market size and forecast 2021-2026          

                                *Exhibit 38:   APAC - Market size and forecast 2021-2026 ($ million)

                                *Exhibit 39:  APAC - Year-over-year growth 2021-2026 (%)

                **7.4     Europe - Market size and forecast 2021-2026       

                                *Exhibit 40:  Europe - Market size and forecast 2021-2026 ($ million)

                                *Exhibit 41:  Europe - Year-over-year growth 2021-2026 (%)

                **7.5     North America - Market size and forecast 2021-2026        

                                *Exhibit 42:   North America - Market size and forecast 2021-2026 ($ million)

                                *Exhibit 43:  North America - Year-over-year growth 2021-2026 (%)

                **7.6     South America - Market size and forecast 2021-2026        

                                *Exhibit 44:   South America - Market size and forecast 2021-2026 ($ million)

                                *Exhibit 45:  South America - Year-over-year growth 2021-2026 (%)

                **7.7     MEA - Market size and forecast 2021-2026           

                                *Exhibit 46:   MEA - Market size and forecast 2021-2026 ($ million)

                                *Exhibit 47:  MEA - Year-over-year growth 2021-2026 (%)

                **7.8 Key leading countries        

                                *Exhibit 48:  Key leading countries

                **7.9 Market opportunity by geography

                                *Exhibit 49:  Market opportunity by geography ($ million)

***8. Drivers, Challenges, and Trends                   

                **8.1 Market drivers     

                                *8.1.1    Increasing demand from the automotive industry

                                *8.1.2    Mounting demand for S-SBR

                                *8.1.3    Rising demand from the emerging economies

                **8.2 Market challenges              

                                *8.2.1    Regulations imposed on the emission of toxic fumes

                                *8.2.2    Recovery of the natural rubber market

                                *8.2.3    Fluctuating cost of raw materials

                                *Exhibit 50:  Impact of drivers and challenges

                **8.3 Market trends      

                                *8.3.1    Rising demand for bio-based feedstock

                                *8.3.2    Rapid industrialization in emerging economies

                                *8.3.3    Rising acceptance of green tires

***9. Vendor Landscape                             

                **9.1     Overview           

                                *Exhibit 51:  Vendor landscape

                **9.2     Landscape disruption    

                                *Exhibit 52:  Landscape disruption

                                *Exhibit 53:  Industry risks

                **9.3     Competitive landscape 

***10. Vendor Analysis               

                **10.1 Vendors covered              

                                *Exhibit 54:  Vendors covered

                **10.2 Market positioning of vendors    

                                *Exhibit 55:  Market positioning of vendors

                **10.3  BASF SE

                                *Exhibit 56:  BASF SE - Overview

                                *Exhibit 57:  BASF SE - Business segments

                                *Exhibit 58:  BASF SE - Key offerings

                                *Exhibit 59:  BASF SE - Segment focus

                **10.4  Braskem SA       

                                *Exhibit 60:  Braskem SA - Overview

                                *Exhibit 61:  Braskem SA - Business segments

                                *Exhibit 62:  Braskem SA - Key offerings

                                *Exhibit 63:  Braskem SA - Segment focus

                **10.5  China National Petroleum Corp.

                                *Exhibit 64:  China National Petroleum Corp. - Overview

                                *Exhibit 65:  China National Petroleum Corp. - Business segments

                                *Exhibit 66:  China National Petroleum Corp. - Key offerings

                                *Exhibit 67:  China National Petroleum Corp. - Segment focus

                *10.6     Dow Inc.

                                *Exhibit 68:  Dow Inc.  - Overview

                                *Exhibit 69:  Dow Inc.  - Business segments

                                *Exhibit 70:  Dow Inc.  - Key offerings

                                *Exhibit 71:  Dow Inc.  - Segment focus

                **10.7  Evonik Industries AG     

                                *Exhibit 72:  Evonik Industries AG - Overview

                                *Exhibit 73:  Evonik Industries AG - Business segments

                                *Exhibit 74:  Evonik Industries AG - Key offerings

                                *Exhibit 75:  Evonik Industries AG - Segment focus

                **10.8  Exxon Mobil Corp.          

                                *Exhibit 76:  Exxon Mobil Corp. - Overview

                                *Exhibit 77:  Exxon Mobil Corp. - Business segments

                                *Exhibit 78:  Exxon Mobil Corp. - Key offerings

                                *Exhibit 79:  Exxon Mobil Corp. - Segment focus

                **10.9  Formosa Petrochemical Corp    

                                *Exhibit 80:   Formosa Petrochemical Corp - Overview

                                *Exhibit 81:   Formosa Petrochemical Corp - Product and service

                                *Exhibit 82:   Formosa Petrochemical Corp - Key offerings

                **10.10                INEOS Group Holdings SA            

                                *Exhibit 83:  INEOS Group Holdings SA - Overview

                                *Exhibit 84:  INEOS Group Holdings SA - Business segments

                                *Exhibit 85:  INEOS Group Holdings SA - Key offerings

                                *Exhibit 86:  INEOS Group Holdings SA - Segment focus

                **10.11                Royal Dutch Shell Plc      

                                *Exhibit 87:  Royal Dutch Shell Plc - Overview

                                *Exhibit 88:  Royal Dutch Shell Plc - Business segments

                                *Exhibit 89:  Royal Dutch Shell Plc - Key offerings

                                *Exhibit 90:  Royal Dutch Shell Plc - Segment focus

                **10.12                TPC Group         

                                *Exhibit 91:  TPC Group - Overview

                                *Exhibit 92:  TPC Group - Product and service

                                *Exhibit 93:  TPC Group - Key offerings

***11. Appendix                            

                **11.1 Scope of the report         

                                *11.1.1 ????Market definition

                                *11.1.2 Objective

                                *11.1.3 Notes and caveats

                **11.2 Currency conversion rates for US$            

                                *Exhibit 94:  Currency conversion rates for US$

                **11.3 Research Methodology 

                                *Exhibit 95:  Research Methodology

                                *Exhibit 96:  Validation techniques employed for market sizing

                                *Exhibit 97:  Information sources

                **11.4 List of abbreviations        

                                *Exhibit 98:  List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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