Butadiene Market is to Touch 15.94 Million Tons by 2030; an Increase in Automotive Production and the Rise of Butadiene Product Derivatives for Industrial and Medical Applications propels market growth.

The Butadiene Market size is estimated to reach 15.94 Million Tons by 2030, growing at a CAGR of 3.71% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Butadiene Market – By Production Process (Steam Cracking, Foundry Process, Oxo-D Process), By Product (Styrene Butadiene Rubber, Acrylonitrile Butadiene Styrene, Polybutadiene Rubber, Nitrile Rubber, and Others), By Application (Synthetic Rubber, Thermoplastic Rubber, Latexes, Conveyor Belt, Surgical Gloves, Golf Ball, Tires, and Others), By End-Use Industry (Automotive Industry (Commercial Vehicles, Passenger Vehicles, Automotive Components, and Others), Electronics Industry (Electronic Enclosures, Home Appliances, Computer, and Others), Chemical Industry, Construction, and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

An increase in automotive production and the rise of butadiene product derivatives for industrial and medical applications are fueling the growth of the Butadiene industry during the forecast period.

The Asia Pacific region is the largest market for butadiene, accounting for approximately 48% of the global share in 2023. This dominance is driven by significant demand from various industries, including automotive, construction, healthcare, and electronics. The rise in automotive production and tire manufacturing has particularly fueled the need for butadiene derivatives such as styrene-butadiene rubber and polybutadiene. Furthermore, China is emerging as a key player in this market due to its extensive ethylene production capabilities and a robust chemical manufacturing sector, which supports the growing consumption of butadiene products across multiple applications. 

The global butadiene market has benefited from increased automotive production. Butadiene-derived products, including polybutadiene rubber, styrene-butadiene rubber, and nitrile rubber, are essential for manufacturing tires, conveyor belts, and other components. Acrylonitrile butadiene rubber resin is particularly important for reducing tire weight, aligning with the trend toward lightweight vehicles. Its enhancements in wear resistance, rolling resistance, and traction make it a preferred choice in the automotive sector. In India, 41 tire manufacturers and approximately 6,000 non-tire manufacturers produce seals, conveyor belts, and molded rubber profiles for various applications. Consequently, rising tire production and demand will significantly drive the butadiene market forward.

The growth of butadiene in medical applications is set to significantly impact the market. Acrylonitrile butadiene styrene (ABS) offers high strength and performance, making it ideal for industrial, electronics, and medical uses. The pandemic-driven demand for synthetic rubber gloves has notably increased butadiene requirements. Medical applications for ABS include respiratory devices, miniature implants, and insulin pens. BASF's STYROFAN is widely used as a binder in construction materials and carpets. Additionally, styrene-butadiene applications in coatings will further drive market demand, alongside the rising use of butadiene derivatives in manufacturing, packaging, footwear, and other sectors during the forecast period. 

Key companies profiled in the Butadiene Market are Royal Dutch Shell Plc., TPC Group Inc., BASF SE, ExxonMobil Chemical Company, Braskem, ENI S.p.A, LyondellBasell, Linde Group, LG Chem, Haldia Petrochemicals and others.