1,3 Butadiene Market Overview
The 1,3 Butadiene Market size is forecast to reach $44.8 billion by 2026, after
growing at a CAGR of 5.5% during 2021-2026. 1,3 butadiene is used primarily in the production
of synthetic rubbers and polymers. 1,3 butadiene products such as styrene-butadiene
rubber is highly used in automotive applications due to heat resistant and
lightweight properties. These polymers
are used in a wide variety of industrial and consumer products. Such polymers are used to produce tire products, paper
coating, gloves, and also plastic materials. 1,3 butadiene is also used as an intermediate in
the production of chloroprene, adiponitrile, and other basic petrochemicals. It
helps to improve product functionality, performance, and safety. Hence, the
growing demand from various industries such as automotive, building &
construction, healthcare, and others are estimated to create a huge demand for
1,3 butadiene compounds.
Impact of COVID-19
Due
to COVID 19, the market for 1,3 butadiene is highly impacted at the global
platform. 1,3-butadiene is extremely
flammable and it is available as liquefied gas, which is extracted from crude
butylene concentration stream. 1,3 butadiene is a byproduct of naphtha that is used to reduce the viscosity of crude oil. Thus, the price of crude oil is
fluctuating day by day during the lockdown, which is hampering the production
of 1,3 butadiene.
Report Coverage
The report: “1,3 Butadiene Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of
the 1,3 butadiene market Industry.
By Product: Styrene-Butadiene
Rubber (SBR), Acrylonitrile Butadiene Styrene (ABS), Polybutadiene Rubber
(PBR), Polychloroprene (neoprene), Nitrile Butadiene Rubber (NBR), Styrene
Butadiene Latex (SB latex), Adiponitrile, and others.
By End-Use
Industry: Automotive (Passenger
Vehicles, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)),
Building & Construction, Packaging (Food Packaging, Bottles, others),
Personal Care Industry (Skin Care, Hair Care, Others), Health Care Industry, Household
Appliances, Footwear Industry, and Others.
By
Geography: North America (USA, Canada, and Mexico),
Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and
Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia
& New Zealand, Indonesia, Taiwan, Malaysia, and Rest of Asia Pacific),
South America (Brazil, Argentina, Colombia, Chile, and Rest of South America),
and RoW (Middle East and Africa)
Key Takeaways
- Asia-Pacific dominates the 1,3 butadiene market owing to increase demand for synthetic rubbers in the automotive sector, which is made from 1,3 butadiene is likely to aid in market growth.
- Increasing adoption for paper coating with high gloss and brightness, also for back coating in tufted carpets to provide stability is expected to grow the demand for styrene-butadiene latex.
- Furthermore, increasing crude oil prices and growing awareness regarding health are estimated to hamper market growth.
Figure: APAC 1,3 Butadiene Market Revenue, 2021-2026 (US$ Billion)
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1,3 Butadiene Market Segment Analysis - By Product
Styrene-butadiene rubber segment held the largest share in the 1,3 butadiene market in 2020, because it is the primary material combined with natural rubber to make
tires and produced plastic materials. Styrene-butadiene rubber is used for various
applications such as cable insulation, drive belts, adhesives, hoses, and
molded rubber goods. Apart from this, styrene-butadiene
latex (SB latex) is used to produce paper coatings. Acrylonitrile
butadiene styrene (ABS) is a heat and impact resistant lightweight material that
can be used for toys. Furthermore, acrylonitrile butadiene styrene is used
in various automotive applications such as doorknobs, grilles, and trims, which
increases the demand for 1,3 butadiene products.
1,3 Butadiene Market Segment Analysis - By End-Use Industry
Automotive has been
the primary end-user segment for the 1,3 butadiene market in 2020 and is growing
at a CAGR of 6% during this forecast period because 1,3 butadiene is used in the production of styrene-butadiene rubber, acrylonitrile butadiene styrene resin, and nitrile rubber, which is used in tires on cars and trucks. Nitrile Butadiene Rubber (NBR) is an oil-resistant synthetic rubber used in automotive gaskets where
oil resistance is required. Styrene-butadiene rubber (SBR) and
polybutadiene rubber (PBR) are used to produce tires and plastic materials. Styrene-butadiene
rubber is abrasion resistant with a replacement
for natural rubber, which is produced from polyisoprene. Thus, increasing
usage of 1,3 butadiene in the automotive industry is estimated to grow the
market size.
1,3 Butadiene Market Segment Analysis – By Geography
Asia Pacific dominated the 1,3 butadiene market in 2020 with 30%, due to growing demand for 1,3 butadiene from various end-use industries such as automotive, building & construction, healthcare, and packaging in the region. According to the China Association of Automobile Manufacturers, the production of electric buses is expected to increase 34% by 2025. According to the National Development and Reform Commission (NDRC), 14 construction investment projects were approved worth CNY177.8 billion (US$25.2 billion), following approvals of CNY68.9 billion (US$10.1 billion) in August 2020. Additionally, according to Central Sanctioning and Monitoring Committee (CSMC), 1,68,606 new homes were approved to construct in urban areas under Pradhan Mantri Awasa Yojana in 2021 Hence, all factors are estimated to grow the demand for 1,3 butadiene.
1,3 Butadiene Market Drivers
Rising Adoption from Automotive Industry
1,3 Butadiene
is used primarily as a chemical intermediate and as a monomer in the
manufacture of polymers such as synthetic rubbers or elastomers, including styrene-butadiene
rubber (SBR), which is majorly used in the production of tires. 1,3 Butadiene
is consumed in the manufacture of polymers, latexes, and plastic materials. Apart
from this, acrylonitrile-butadiene rubber resin is used to
reduce the weight of tires, thus the growing adoption of 1,3 butadiene in the
automotive industry is estimated to grow the market size during the projected
year. Additionally, it is widely used in tire production due to enhancing components to tires, such as rolling resistance,
wear, and traction. Thus, increasing automotive tire production is estimated to
the growing demand for 1,3 butadiene. According to U.S. Tire Manufacturers
Association, the tire production of lightweight vehicles increased from 25.4
million to 26.7 million in 2018-2019 and the passenger car’s tire production
increased from 14.4 million to 17.4 million in 2018-2019. Additionally,
according to the India Brand Equity Foundation (IBEF), tire demand is estimated
to grow by 7-9 percent during FY2019-FY23, and the tire market is forecast
to reach USD 251.4-282.8 billion by 2026. Hence,
all factors are growing demand for 1,3-butadiene.
1,3 Butadiene Market Challenges
Growing Concern towards Healthcare & Personal Care Products
1,3 butadiene is widely used in health care and personal care products but 1,3 butadiene is a problem carcinogen in humans. It causes lymph and blood cancer in humans. Due to this reason, the demand for 1,3 butadiene may decreased. Butadiene causes many diseases like headache and dizziness, due to which humans can die or go into a coma. These factors are increasing concern about health safety and hampering the market growth.
Fluctuation of Raw Material Prices
1,3 butadiene used in the production of synthetic rubbers. Styrene-butadiene
rubbers and acrylonitrile butadiene rubber are used in the production
of tires of vehicles. 1,3 butadiene is feedstock chemical of petrochemical
industry which produced as a by-product from steam
cracking of naphtha. 1,3 butadiene can also be produced by
the dehydrogenation of butane. In recent years the production of naphtha has
fluctuated massively due to fluctuation in crude oil prices which may hamper
the production of 1,3 butadiene. According to the
U.S. Energy Information Administration (EIA), crude oil prices decreased by US$
41.69 per barrel in 2020 compared to US$ 64.34 per barrel in 2019.
1,3 Butadiene Market Market Landscape
Technology launches,
acquisitions, and R&D activities are key strategies adopted by players in
the 1,3 butadiene market. Major players in the 1,3 Butadiene Market are BASF, Exxon Mobil Corporation, TPC Group, Lanxess, Lyondellbasell,
Ineos, Sabic, Dow, LG Chem, YEOCHUN NCC CO., LTD., Reliance Industries, Jiutai
Energy Inner Mongolia Co., Ltd., Bangkok Synthetics Co. Ltd, JSR and Braskem,
and among others.
Relevant Reports
LIST OF TABLES
1.Global 1, 3 Butadiene Application Outlook Market 2019-2024 ($M)1.1 Adiponitrile Market 2019-2024 ($M) - Global Industry Research
1.1.1 Butadiene Rubber Market Demand By Market 2019-2024 ($M)
1.2 Acrylonitrile Butadiene Styrene Resin Market 2019-2024 ($M) - Global Industry Research
1.2.1 Ab Market Demand By Market 2019-2024 ($M)
1.3 Styrene Butadiene Rubber Market 2019-2024 ($M) - Global Industry Research
1.3.1 Sbr Market Demand By Market 2019-2024 ($M)
1.4 Sb Latex Market 2019-2024 ($M) - Global Industry Research
1.4.1 Sb Latex Market Demand By Market 2019-2024 ($M)
1.5 Nitrile Butadiene Rubber Market 2019-2024 ($M) - Global Industry Research
1.5.1 Nr Market Demand By Market 2019-2024 ($M)
1.6 Hexamethylenediamine Market 2019-2024 ($M) - Global Industry Research
1.6.1 Hexamethylenediamine Market Demand By Market 2019-2024 ($M)
2.Global 1,3 Butadiene Competitive Landscape Market 2019-2024 ($M)
2.1 Braskem S A Market 2019-2024 ($M) - Global Industry Research
2.2 Exxonmobil Chemical Company Market 2019-2024 ($M) - Global Industry Research
2.2.1 Strategicinitiatives Market 2019-2024 ($M)
2.3 Lyondellbasell Industry N V Market 2019-2024 ($M) - Global Industry Research
2.4 Royal Dutch Shell Plc Market 2019-2024 ($M) - Global Industry Research
2.5 Sinopec Market 2019-2024 ($M) - Global Industry Research
2.6 Tpc Group Inc Market 2019-2024 ($M) - Global Industry Research
2.7 Nizhnekamskneftekhim Oao Market 2019-2024 ($M) - Global Industry Research
2.8 Lanxess Ag Market 2019-2024 ($M) - Global Industry Research
3.Global 1, 3 Butadiene Application Outlook Market 2019-2024 (Volume/Units)
3.1 Adiponitrile Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Butadiene Rubber Market Demand By Market 2019-2024 (Volume/Units)
3.2 Acrylonitrile Butadiene Styrene Resin Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 Ab Market Demand By Market 2019-2024 (Volume/Units)
3.3 Styrene Butadiene Rubber Market 2019-2024 (Volume/Units) - Global Industry Research
3.3.1 Sbr Market Demand By Market 2019-2024 (Volume/Units)
3.4 Sb Latex Market 2019-2024 (Volume/Units) - Global Industry Research
3.4.1 Sb Latex Market Demand By Market 2019-2024 (Volume/Units)
3.5 Nitrile Butadiene Rubber Market 2019-2024 (Volume/Units) - Global Industry Research
3.5.1 Nr Market Demand By Market 2019-2024 (Volume/Units)
3.6 Hexamethylenediamine Market 2019-2024 (Volume/Units) - Global Industry Research
3.6.1 Hexamethylenediamine Market Demand By Market 2019-2024 (Volume/Units)
4.Global 1,3 Butadiene Competitive Landscape Market 2019-2024 (Volume/Units)
4.1 Braskem S A Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Exxonmobil Chemical Company Market 2019-2024 (Volume/Units) - Global Industry Research
4.2.1 Strategicinitiatives Market 2019-2024 (Volume/Units)
4.3 Lyondellbasell Industry N V Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Royal Dutch Shell Plc Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Sinopec Market 2019-2024 (Volume/Units) - Global Industry Research
4.6 Tpc Group Inc Market 2019-2024 (Volume/Units) - Global Industry Research
4.7 Nizhnekamskneftekhim Oao Market 2019-2024 (Volume/Units) - Global Industry Research
4.8 Lanxess Ag Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America 1, 3 Butadiene Application Outlook Market 2019-2024 ($M)
5.1 Adiponitrile Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Butadiene Rubber Market Demand By Market 2019-2024 ($M)
5.2 Acrylonitrile Butadiene Styrene Resin Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Ab Market Demand By Market 2019-2024 ($M)
5.3 Styrene Butadiene Rubber Market 2019-2024 ($M) - Regional Industry Research
5.3.1 Sbr Market Demand By Market 2019-2024 ($M)
5.4 Sb Latex Market 2019-2024 ($M) - Regional Industry Research
5.4.1 Sb Latex Market Demand By Market 2019-2024 ($M)
5.5 Nitrile Butadiene Rubber Market 2019-2024 ($M) - Regional Industry Research
5.5.1 Nr Market Demand By Market 2019-2024 ($M)
5.6 Hexamethylenediamine Market 2019-2024 ($M) - Regional Industry Research
5.6.1 Hexamethylenediamine Market Demand By Market 2019-2024 ($M)
6.North America 1,3 Butadiene Competitive Landscape Market 2019-2024 ($M)
6.1 Braskem S A Market 2019-2024 ($M) - Regional Industry Research
6.2 Exxonmobil Chemical Company Market 2019-2024 ($M) - Regional Industry Research
6.2.1 Strategicinitiatives Market 2019-2024 ($M)
6.3 Lyondellbasell Industry N V Market 2019-2024 ($M) - Regional Industry Research
6.4 Royal Dutch Shell Plc Market 2019-2024 ($M) - Regional Industry Research
6.5 Sinopec Market 2019-2024 ($M) - Regional Industry Research
6.6 Tpc Group Inc Market 2019-2024 ($M) - Regional Industry Research
6.7 Nizhnekamskneftekhim Oao Market 2019-2024 ($M) - Regional Industry Research
6.8 Lanxess Ag Market 2019-2024 ($M) - Regional Industry Research
7.South America 1, 3 Butadiene Application Outlook Market 2019-2024 ($M)
7.1 Adiponitrile Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Butadiene Rubber Market Demand By Market 2019-2024 ($M)
7.2 Acrylonitrile Butadiene Styrene Resin Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Ab Market Demand By Market 2019-2024 ($M)
7.3 Styrene Butadiene Rubber Market 2019-2024 ($M) - Regional Industry Research
7.3.1 Sbr Market Demand By Market 2019-2024 ($M)
7.4 Sb Latex Market 2019-2024 ($M) - Regional Industry Research
7.4.1 Sb Latex Market Demand By Market 2019-2024 ($M)
7.5 Nitrile Butadiene Rubber Market 2019-2024 ($M) - Regional Industry Research
7.5.1 Nr Market Demand By Market 2019-2024 ($M)
7.6 Hexamethylenediamine Market 2019-2024 ($M) - Regional Industry Research
7.6.1 Hexamethylenediamine Market Demand By Market 2019-2024 ($M)
8.South America 1,3 Butadiene Competitive Landscape Market 2019-2024 ($M)
8.1 Braskem S A Market 2019-2024 ($M) - Regional Industry Research
8.2 Exxonmobil Chemical Company Market 2019-2024 ($M) - Regional Industry Research
8.2.1 Strategicinitiatives Market 2019-2024 ($M)
8.3 Lyondellbasell Industry N V Market 2019-2024 ($M) - Regional Industry Research
8.4 Royal Dutch Shell Plc Market 2019-2024 ($M) - Regional Industry Research
8.5 Sinopec Market 2019-2024 ($M) - Regional Industry Research
8.6 Tpc Group Inc Market 2019-2024 ($M) - Regional Industry Research
8.7 Nizhnekamskneftekhim Oao Market 2019-2024 ($M) - Regional Industry Research
8.8 Lanxess Ag Market 2019-2024 ($M) - Regional Industry Research
9.Europe 1, 3 Butadiene Application Outlook Market 2019-2024 ($M)
9.1 Adiponitrile Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Butadiene Rubber Market Demand By Market 2019-2024 ($M)
9.2 Acrylonitrile Butadiene Styrene Resin Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Ab Market Demand By Market 2019-2024 ($M)
9.3 Styrene Butadiene Rubber Market 2019-2024 ($M) - Regional Industry Research
9.3.1 Sbr Market Demand By Market 2019-2024 ($M)
9.4 Sb Latex Market 2019-2024 ($M) - Regional Industry Research
9.4.1 Sb Latex Market Demand By Market 2019-2024 ($M)
9.5 Nitrile Butadiene Rubber Market 2019-2024 ($M) - Regional Industry Research
9.5.1 Nr Market Demand By Market 2019-2024 ($M)
9.6 Hexamethylenediamine Market 2019-2024 ($M) - Regional Industry Research
9.6.1 Hexamethylenediamine Market Demand By Market 2019-2024 ($M)
10.Europe 1,3 Butadiene Competitive Landscape Market 2019-2024 ($M)
10.1 Braskem S A Market 2019-2024 ($M) - Regional Industry Research
10.2 Exxonmobil Chemical Company Market 2019-2024 ($M) - Regional Industry Research
10.2.1 Strategicinitiatives Market 2019-2024 ($M)
10.3 Lyondellbasell Industry N V Market 2019-2024 ($M) - Regional Industry Research
10.4 Royal Dutch Shell Plc Market 2019-2024 ($M) - Regional Industry Research
10.5 Sinopec Market 2019-2024 ($M) - Regional Industry Research
10.6 Tpc Group Inc Market 2019-2024 ($M) - Regional Industry Research
10.7 Nizhnekamskneftekhim Oao Market 2019-2024 ($M) - Regional Industry Research
10.8 Lanxess Ag Market 2019-2024 ($M) - Regional Industry Research
11.APAC 1, 3 Butadiene Application Outlook Market 2019-2024 ($M)
11.1 Adiponitrile Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Butadiene Rubber Market Demand By Market 2019-2024 ($M)
11.2 Acrylonitrile Butadiene Styrene Resin Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Ab Market Demand By Market 2019-2024 ($M)
11.3 Styrene Butadiene Rubber Market 2019-2024 ($M) - Regional Industry Research
11.3.1 Sbr Market Demand By Market 2019-2024 ($M)
11.4 Sb Latex Market 2019-2024 ($M) - Regional Industry Research
11.4.1 Sb Latex Market Demand By Market 2019-2024 ($M)
11.5 Nitrile Butadiene Rubber Market 2019-2024 ($M) - Regional Industry Research
11.5.1 Nr Market Demand By Market 2019-2024 ($M)
11.6 Hexamethylenediamine Market 2019-2024 ($M) - Regional Industry Research
11.6.1 Hexamethylenediamine Market Demand By Market 2019-2024 ($M)
12.APAC 1,3 Butadiene Competitive Landscape Market 2019-2024 ($M)
12.1 Braskem S A Market 2019-2024 ($M) - Regional Industry Research
12.2 Exxonmobil Chemical Company Market 2019-2024 ($M) - Regional Industry Research
12.2.1 Strategicinitiatives Market 2019-2024 ($M)
12.3 Lyondellbasell Industry N V Market 2019-2024 ($M) - Regional Industry Research
12.4 Royal Dutch Shell Plc Market 2019-2024 ($M) - Regional Industry Research
12.5 Sinopec Market 2019-2024 ($M) - Regional Industry Research
12.6 Tpc Group Inc Market 2019-2024 ($M) - Regional Industry Research
12.7 Nizhnekamskneftekhim Oao Market 2019-2024 ($M) - Regional Industry Research
12.8 Lanxess Ag Market 2019-2024 ($M) - Regional Industry Research
13.MENA 1, 3 Butadiene Application Outlook Market 2019-2024 ($M)
13.1 Adiponitrile Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Butadiene Rubber Market Demand By Market 2019-2024 ($M)
13.2 Acrylonitrile Butadiene Styrene Resin Market 2019-2024 ($M) - Regional Industry Research
13.2.1 Ab Market Demand By Market 2019-2024 ($M)
13.3 Styrene Butadiene Rubber Market 2019-2024 ($M) - Regional Industry Research
13.3.1 Sbr Market Demand By Market 2019-2024 ($M)
13.4 Sb Latex Market 2019-2024 ($M) - Regional Industry Research
13.4.1 Sb Latex Market Demand By Market 2019-2024 ($M)
13.5 Nitrile Butadiene Rubber Market 2019-2024 ($M) - Regional Industry Research
13.5.1 Nr Market Demand By Market 2019-2024 ($M)
13.6 Hexamethylenediamine Market 2019-2024 ($M) - Regional Industry Research
13.6.1 Hexamethylenediamine Market Demand By Market 2019-2024 ($M)
14.MENA 1,3 Butadiene Competitive Landscape Market 2019-2024 ($M)
14.1 Braskem S A Market 2019-2024 ($M) - Regional Industry Research
14.2 Exxonmobil Chemical Company Market 2019-2024 ($M) - Regional Industry Research
14.2.1 Strategicinitiatives Market 2019-2024 ($M)
14.3 Lyondellbasell Industry N V Market 2019-2024 ($M) - Regional Industry Research
14.4 Royal Dutch Shell Plc Market 2019-2024 ($M) - Regional Industry Research
14.5 Sinopec Market 2019-2024 ($M) - Regional Industry Research
14.6 Tpc Group Inc Market 2019-2024 ($M) - Regional Industry Research
14.7 Nizhnekamskneftekhim Oao Market 2019-2024 ($M) - Regional Industry Research
14.8 Lanxess Ag Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US 1,3 Butadiene Market Revenue, 2019-2024 ($M)2.Canada 1,3 Butadiene Market Revenue, 2019-2024 ($M)
3.Mexico 1,3 Butadiene Market Revenue, 2019-2024 ($M)
4.Brazil 1,3 Butadiene Market Revenue, 2019-2024 ($M)
5.Argentina 1,3 Butadiene Market Revenue, 2019-2024 ($M)
6.Peru 1,3 Butadiene Market Revenue, 2019-2024 ($M)
7.Colombia 1,3 Butadiene Market Revenue, 2019-2024 ($M)
8.Chile 1,3 Butadiene Market Revenue, 2019-2024 ($M)
9.Rest of South America 1,3 Butadiene Market Revenue, 2019-2024 ($M)
10.UK 1,3 Butadiene Market Revenue, 2019-2024 ($M)
11.Germany 1,3 Butadiene Market Revenue, 2019-2024 ($M)
12.France 1,3 Butadiene Market Revenue, 2019-2024 ($M)
13.Italy 1,3 Butadiene Market Revenue, 2019-2024 ($M)
14.Spain 1,3 Butadiene Market Revenue, 2019-2024 ($M)
15.Rest of Europe 1,3 Butadiene Market Revenue, 2019-2024 ($M)
16.China 1,3 Butadiene Market Revenue, 2019-2024 ($M)
17.India 1,3 Butadiene Market Revenue, 2019-2024 ($M)
18.Japan 1,3 Butadiene Market Revenue, 2019-2024 ($M)
19.South Korea 1,3 Butadiene Market Revenue, 2019-2024 ($M)
20.South Africa 1,3 Butadiene Market Revenue, 2019-2024 ($M)
21.North America 1,3 Butadiene By Application
22.South America 1,3 Butadiene By Application
23.Europe 1,3 Butadiene By Application
24.APAC 1,3 Butadiene By Application
25.MENA 1,3 Butadiene By Application