1,3 Butadiene

Global 1,3 Butadiene Market to Reach US$61.3 Billion by 2030

The global market for 1,3 Butadiene estimated at US$42.3 Billion in the year 2024, is expected to reach US$61.3 Billion by 2030, growing at a CAGR of 6.4% over the analysis period 2024-2030. Butadiene Rubber, one of the segments analyzed in the report, is expected to record a 7.6% CAGR and reach US$21.2 Billion by the end of the analysis period. Growth in the Styrene-Butadiene Rubber segment is estimated at 6.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$11.5 Billion While China is Forecast to Grow at 10.2% CAGR

The 1,3 Butadiene market in the U.S. is estimated at US$11.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$12.7 Billion by the year 2030 trailing a CAGR of 10.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.1% and 6.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

Global 1,3 Butadiene Market - Key Trends & Drivers Summarized

What Is Driving the Growth of the 1,3 Butadiene Market?

The primary driver of growth in the 1,3 Butadiene market is its extensive application in the production of synthetic rubber and plastics. As one of the most critical raw materials in the chemical industry, 1,3 Butadiene is widely used in manufacturing styrene-butadiene rubber (SBR), polybutadiene rubber (PBR), and acrylonitrile butadiene styrene (ABS). These materials are essential components in industries such as automotive, construction, and consumer goods. The booming automotive sector, in particular, is a significant growth driver, as 1,3 Butadiene-derived materials are used in tire manufacturing and various automotive components, including bumpers, dashboards, and interior trims.

Additionally, the rising demand for lightweight materials to improve fuel efficiency in vehicles is driving the adoption of 1,3 Butadiene-based polymers. As automakers increasingly turn to synthetic rubber and high-performance plastics to reduce vehicle weight, the demand for 1,3 Butadiene is expected to grow. The construction industry also contributes to market expansion, as 1,3 Butadiene-based products are used in insulation, adhesives, and sealants, driven by increasing construction activities and infrastructure development globally.

Moreover, the growth of the packaging industry is bolstering demand for 1,3 Butadiene derivatives. Acrylonitrile butadiene styrene (ABS), a product of 1,3 Butadiene, is widely used in rigid packaging solutions for food, beverages, and personal care products. With the rapid expansion of e-commerce and the growing focus on sustainable packaging materials, the demand for 1,3 Butadiene-based plastics is expected to rise further, supporting the market’s growth trajectory.

How Are Technological Advancements Impacting the 1,3 Butadiene Market?

Technological innovations in production processes and applications are significantly shaping the 1,3 Butadiene market. One of the key advancements is the development of bio-based 1,3 Butadiene, which is derived from renewable sources such as biomass or sugars. As industries increasingly focus on reducing their environmental impact, bio-based alternatives to petroleum-derived 1,3 Butadiene are gaining traction. These sustainable alternatives not only reduce greenhouse gas emissions but also help mitigate the risks associated with volatile crude oil prices. Leading chemical manufacturers are investing in research and development to scale up the production of bio-based 1,3 Butadiene and make it commercially viable.

In addition, improvements in extraction and production methods are enhancing the efficiency and cost-effectiveness of 1,3 Butadiene manufacturing. For instance, advancements in catalytic processes are enabling higher yields and purer outputs of 1,3 Butadiene. Technologies like oxidative dehydrogenation (ODH) of butenes are being explored to achieve more sustainable and energy-efficient production. These advancements are helping manufacturers meet the growing demand for 1,3 Butadiene while maintaining competitiveness in the market.

Furthermore, innovations in the applications of 1,3 Butadiene are expanding its market potential. For example, the development of high-performance elastomers and polymers tailored for specific applications, such as advanced tires, medical devices, and consumer electronics, is driving demand for 1,3 Butadiene derivatives. The use of 1,3 Butadiene-based materials in 3D printing and other emerging technologies is also opening new avenues for market growth, as these materials offer unique properties such as flexibility, durability, and heat resistance.

What Role Does Sustainability Play in the 1,3 Butadiene Market?

Sustainability is becoming an increasingly important focus in the 1,3 Butadiene market, as industries and consumers demand eco-friendly alternatives to traditional petrochemical-based products. Bio-based 1,3 Butadiene is emerging as a sustainable solution, offering the same performance characteristics as conventional products while significantly reducing carbon emissions and reliance on fossil fuels. This shift towards sustainable materials aligns with global efforts to combat climate change and promote a circular economy.

Recycling and reusing 1,3 Butadiene-based materials is another critical aspect of sustainability in the market. Manufacturers are investing in technologies to improve the recyclability of synthetic rubber and plastics, which are often difficult to process after use. By developing closed-loop recycling systems, companies can recover and repurpose 1,3 Butadiene-derived materials, reducing waste and minimizing environmental impact. Additionally, advancements in chemical recycling processes are enabling the recovery of 1,3 Butadiene from used products, further contributing to the circular economy.

Sustainability initiatives in the automotive and packaging industries are also driving demand for eco-friendly 1,3 Butadiene derivatives. As automakers and packaging manufacturers aim to meet stricter environmental regulations, they are increasingly turning to materials that offer lower carbon footprints and improved recyclability. The adoption of bio-based and recyclable materials in these industries is expected to boost demand for sustainable 1,3 Butadiene solutions, supporting the market’s long-term growth.

What Are the Key Market Drivers for 1,3 Butadiene?

The growth of the 1,3 Butadiene market is primarily driven by its widespread applications in the automotive, construction, and packaging industries. The increasing demand for lightweight and high-performance materials in automotive manufacturing is a significant driver, as 1,3 Butadiene-based polymers are essential for producing tires and other vehicle components. The global push for fuel efficiency and electric vehicles is further accelerating this trend, boosting demand for synthetic rubber and advanced plastics.

The rising construction activities worldwide are another key driver for the market. 1,3 Butadiene derivatives are widely used in adhesives, sealants, and insulation materials, which are essential for modern infrastructure projects. As urbanization and infrastructure development continue to expand globally, the demand for these materials is expected to grow in parallel.

Lastly, the expanding packaging industry, driven by e-commerce and consumer goods, is contributing significantly to the demand for 1,3 Butadiene-based materials. With the increasing focus on sustainable packaging solutions, manufacturers are investing in bio-based and recyclable 1,3 Butadiene derivatives to meet consumer and regulatory expectations. These drivers, combined with advancements in production technologies and the growing emphasis on sustainability, are expected to propel the 1,3 Butadiene market to new heights in the coming years.

SCOPE OF STUDY:

The report analyzes the 1,3 Butadiene market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Application (Butadiene Rubber, Styrene-Butadiene Rubber, SB Latex, Acrylonitrile Butadiene Styrene, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 36 Featured) -

• Evonik Oxeno GmbH & Co. KG
• Tokyo Chemical Industry (India) Pvt. Ltd.
• Haldia Petrochemicals Limited.
• Saudi Basic Industries Corporation
• Deluxe Industrial Gases
• Polymer Source. Inc.
• LyondellBasell Industries Holdings B.V.
• Lummus Technology
• BASF SE
• LG Chem, Ltd
• Bangkok Synthetics Co. Ltd.
• Braskem SA
• Versalis S.p.A.,

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