The global Butadiene Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Application (Polybutadiene (PBR), Chloroprene, Styrene-Butadiene (SBR), Nitrile Rubber (Acrylonitrile Butadiene NBR), Acrylonitrile Butadiene Styrene (ABS), Adiponitrile, Sulfolane, Ethylidene Norbornene, Styrene-Butadiene Latex, Others), By End-User (Plastic and Polymer, Tire and Rubber, Chemicals, Others).
In 2024, the butadiene market is characterized by steady growth, driven by its widespread applications in the production of synthetic rubbers and various petrochemicals. Butadiene, a key feedstock in the manufacture of styrene-butadiene rubber (SBR), polybutadiene rubber (PBR), and acrylonitrile-butadiene-styrene (ABS) resins, remains integral to the automotive, construction, and consumer goods industries. Despite volatility in feedstock prices and regulatory challenges, technological advancements in butadiene extraction and purification processes are enhancing production efficiency and supply chain resilience. Furthermore, the increasing demand for synthetic rubbers, particularly in emerging economies, fuels the expansion of the butadiene market, offering opportunities for stakeholders across the value chain to innovate and capitalize on evolving market dynamics.
The market report analyses the leading companies in the industry including BASF SE, Braskem SA, China National Petroleum Corp, China Petroleum & Chemical Corp, Dow Inc, ENEOS Materials Corp, Evonik Industries AG, ExxonMobil Corp, Formosa Plastics Corp, INEOS, LG Chem Ltd, Lotte Chemical Titan Holding Berhad, LyondellBasell Industries Holdings BV, Reliance Industries Ltd, Repsol SA, SABIC, Shell PLC, TPC Group, and others.
A prominent trend in the butadiene market is the increasing demand for synthetic rubber, particularly in the automotive and tire manufacturing sectors. As the global automotive industry continues to expand, driven by factors such as population growth, urbanization, and rising disposable incomes, there is a growing need for synthetic rubber, which is a key raw material for tire production. Butadiene is a primary feedstock for the production of synthetic rubber, including styrene-butadiene rubber (SBR) and polybutadiene rubber (PBR), which are widely used in tire manufacturing due to their excellent abrasion resistance, flexibility, and durability. This trend is fueled by increasing vehicle sales, infrastructure development, and the replacement of natural rubber with synthetic alternatives to meet performance and sustainability requirements in tire production.
An essential driver propelling the butadiene market is the growth in the petrochemical and polymer industries, where butadiene is used as a key building block for the production of various chemical intermediates and polymers. Butadiene is primarily derived from crude oil refining and steam cracking of hydrocarbons, making it a vital feedstock for the production of styrene-butadiene, acrylonitrile-butadiene-styrene (ABS), and other polymers used in the manufacturing of plastics, elastomers, and synthetic fibers. With increasing demand for plastics and polymers in consumer goods, packaging, construction, and electronics industries, there is a corresponding increase in the demand for butadiene as a raw material, supporting market growth and driving investment in butadiene production capacities worldwide.
A potential opportunity for the butadiene market lies in expansion into specialty chemicals and high-value applications beyond traditional rubber and polymer manufacturing. Butadiene derivatives such as adiponitrile (ADN), nitrile rubber (NBR), and methyl ethyl ketone (MEK) are used in specialty chemical applications including automotive coatings, adhesives, sealants, and pharmaceuticals. Additionally, butadiene can be polymerized to produce high-value specialty polymers such as thermoplastic elastomers (TPEs) and engineering plastics, which offer superior mechanical properties, chemical resistance, and processability compared to commodity plastics. By focusing on specialty chemicals and niche applications, butadiene producers can diversify their product portfolios, mitigate market volatility, and capture new revenue streams in high-growth markets with favorable margins and demand dynamics.
The Styrene-Butadiene (SBR) segment is the largest in the butadiene market by application. The large revenue share is primarily due to the extensive use of SBR in the production of synthetic rubber, which finds widespread applications in various industries. SBR is a synthetic rubber polymer composed of styrene and butadiene monomers, offering excellent abrasion resistance, durability, and resilience. It is commonly used in the manufacturing of tires for automobiles, bicycles, and industrial vehicles due to its high abrasion resistance and good grip on road surfaces. Additionally, SBR is utilized in footwear, conveyor belts, hoses, gaskets, and other rubber products where durability and flexibility are essential. The automotive industry's continuous growth, coupled with increasing demand for tires and rubber products globally, contributes to SBR's dominance as the largest segment in the butadiene market by application.
The Tire and Rubber segment is the fastest-growing in the butadiene market by end-user. This rapid growth is driven by the expanding automotive industry, increasing demand for tires worldwide, and advancements in tire technology. Butadiene is a key raw material used in the production of synthetic rubber, particularly styrene-butadiene rubber (SBR) and polybutadiene rubber (PBR), which are essential components of tires. With the rising global vehicle production and growing emphasis on fuel efficiency and safety, there is a growing demand for high-performance tires with superior traction, durability, and fuel efficiency characteristics. Additionally, the replacement of natural rubber with synthetic rubber in tire manufacturing further boosts the demand for butadiene. As tire manufacturers invest in research and development to meet stringent regulatory standards and consumer preferences, the demand for butadiene in the Tire and Rubber segment is expected to continue growing rapidly, positioning it as the fastest-growing segment in the butadiene market by end-user.
By Application
Polybutadiene (PBR)
Chloroprene
Styrene-Butadiene (SBR)
Nitrile Rubber (Acrylonitrile Butadiene NBR)
Acrylonitrile Butadiene Styrene (ABS)
Adiponitrile
Sulfolane
Ethylidene Norbornene
Styrene-Butadiene Latex
Others
By End-User
Plastic and Polymer
Tire and Rubber
Chemicals
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
BASF SE
Braskem SA
China National Petroleum Corp
China Petroleum & Chemical Corp
Dow Inc
ENEOS Materials Corp
Evonik Industries AG
ExxonMobil Corp
Formosa Plastics Corp
INEOS
LG Chem Ltd
Lotte Chemical Titan Holding Berhad
LyondellBasell Industries Holdings BV
Reliance Industries Ltd
Repsol SA
SABIC
Shell PLC
TPC Group
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Butadiene Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Butadiene Market Size Outlook, $ Million, 2021 to 2032
3.2 Butadiene Market Outlook by Type, $ Million, 2021 to 2032
3.3 Butadiene Market Outlook by Product, $ Million, 2021 to 2032
3.4 Butadiene Market Outlook by Application, $ Million, 2021 to 2032
3.5 Butadiene Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Butadiene Industry
4.2 Key Market Trends in Butadiene Industry
4.3 Potential Opportunities in Butadiene Industry
4.4 Key Challenges in Butadiene Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Butadiene Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Butadiene Market Outlook by Segments
7.1 Butadiene Market Outlook by Segments, $ Million, 2021- 2032
By Application
Polybutadiene (PBR)
Chloroprene
Styrene-Butadiene (SBR)
Nitrile Rubber (Acrylonitrile Butadiene NBR)
Acrylonitrile Butadiene Styrene (ABS)
Adiponitrile
Sulfolane
Ethylidene Norbornene
Styrene-Butadiene Latex
Others
By End-User
Plastic and Polymer
Tire and Rubber
Chemicals
Others
8 North America Butadiene Market Analysis and Outlook To 2032
8.1 Introduction to North America Butadiene Markets in 2024
8.2 North America Butadiene Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Butadiene Market size Outlook by Segments, 2021-2032
By Application
Polybutadiene (PBR)
Chloroprene
Styrene-Butadiene (SBR)
Nitrile Rubber (Acrylonitrile Butadiene NBR)
Acrylonitrile Butadiene Styrene (ABS)
Adiponitrile
Sulfolane
Ethylidene Norbornene
Styrene-Butadiene Latex
Others
By End-User
Plastic and Polymer
Tire and Rubber
Chemicals
Others
9 Europe Butadiene Market Analysis and Outlook To 2032
9.1 Introduction to Europe Butadiene Markets in 2024
9.2 Europe Butadiene Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Butadiene Market Size Outlook by Segments, 2021-2032
By Application
Polybutadiene (PBR)
Chloroprene
Styrene-Butadiene (SBR)
Nitrile Rubber (Acrylonitrile Butadiene NBR)
Acrylonitrile Butadiene Styrene (ABS)
Adiponitrile
Sulfolane
Ethylidene Norbornene
Styrene-Butadiene Latex
Others
By End-User
Plastic and Polymer
Tire and Rubber
Chemicals
Others
10 Asia Pacific Butadiene Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Butadiene Markets in 2024
10.2 Asia Pacific Butadiene Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Butadiene Market size Outlook by Segments, 2021-2032
By Application
Polybutadiene (PBR)
Chloroprene
Styrene-Butadiene (SBR)
Nitrile Rubber (Acrylonitrile Butadiene NBR)
Acrylonitrile Butadiene Styrene (ABS)
Adiponitrile
Sulfolane
Ethylidene Norbornene
Styrene-Butadiene Latex
Others
By End-User
Plastic and Polymer
Tire and Rubber
Chemicals
Others
11 South America Butadiene Market Analysis and Outlook To 2032
11.1 Introduction to South America Butadiene Markets in 2024
11.2 South America Butadiene Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Butadiene Market size Outlook by Segments, 2021-2032
By Application
Polybutadiene (PBR)
Chloroprene
Styrene-Butadiene (SBR)
Nitrile Rubber (Acrylonitrile Butadiene NBR)
Acrylonitrile Butadiene Styrene (ABS)
Adiponitrile
Sulfolane
Ethylidene Norbornene
Styrene-Butadiene Latex
Others
By End-User
Plastic and Polymer
Tire and Rubber
Chemicals
Others
12 Middle East and Africa Butadiene Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Butadiene Markets in 2024
12.2 Middle East and Africa Butadiene Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Butadiene Market size Outlook by Segments, 2021-2032
By Application
Polybutadiene (PBR)
Chloroprene
Styrene-Butadiene (SBR)
Nitrile Rubber (Acrylonitrile Butadiene NBR)
Acrylonitrile Butadiene Styrene (ABS)
Adiponitrile
Sulfolane
Ethylidene Norbornene
Styrene-Butadiene Latex
Others
By End-User
Plastic and Polymer
Tire and Rubber
Chemicals
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
BASF SE
Braskem SA
China National Petroleum Corp
China Petroleum & Chemical Corp
Dow Inc
ENEOS Materials Corp
Evonik Industries AG
ExxonMobil Corp
Formosa Plastics Corp
INEOS
LG Chem Ltd
Lotte Chemical Titan Holding Berhad
LyondellBasell Industries Holdings BV
Reliance Industries Ltd
Repsol SA
SABIC
Shell PLC
TPC Group
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Application
Polybutadiene (PBR)
Chloroprene
Styrene-Butadiene (SBR)
Nitrile Rubber (Acrylonitrile Butadiene NBR)
Acrylonitrile Butadiene Styrene (ABS)
Adiponitrile
Sulfolane
Ethylidene Norbornene
Styrene-Butadiene Latex
Others
By End-User
Plastic and Polymer
Tire and Rubber
Chemicals
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Butadiene Market Size is valued at $12.5 Billion in 2024 and is forecast to register a growth rate (CAGR) of 4.8% to reach $18.2 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
BASF SE, Braskem SA, China National Petroleum Corp, China Petroleum & Chemical Corp, Dow Inc, ENEOS Materials Corp, Evonik Industries AG, ExxonMobil Corp, Formosa Plastics Corp, INEOS, LG Chem Ltd, Lotte Chemical Titan Holding Berhad, LyondellBasell Industries Holdings BV, Reliance Industries Ltd, Repsol SA, SABIC, Shell PLC, TPC Group
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume