According to Organic Market Research, Global Butadiene Market Share was USD 11.03 billion in 2023 and the market is projected to touch USD 24.73 billion by 2032, at a CAGR of 9.39% during the forecast period. The market continues to grow, with applications across various sectors and an increasing focus on sustainability. The trend toward renewable resources and eco-friendly production processes is likely to shape the future of this industry.
The Butadiene Market Size is experiencing significant growth, driven by its essential role as a raw material in the production of synthetic rubber, plastics, and other industrial chemicals. Butadiene, a colorless, flammable gas, is primarily used in manufacturing products such as tires, adhesives, coatings, and plastics, making it integral to the automotive, construction, and consumer goods industries. As demand for vehicles and infrastructure grows, so does the need for butadiene-based products, fueling the market’s expansion.
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Market Segmentation
By Product Type
- Butadiene Rubber
- Styrene Butadiene Rubber
- Acrylonitrile Butadiene Rubber
- Nitrile Butadiene Rubber
- Styrene Butadiene Latex
- Hexamethylenediamine
By Production Process
- C4 hydrocarbon extraction
- n-butane dehydrogenation
- From ethanol
- From butenes
By End-User
- Automobile Industries
- Chemical
- Plastics and Polymers
- Building & Construction
- Consumer Products Industries
- Healthcare
- Others
Customization Scope
- Available upon request
Pricing
- Available upon request
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Key Players in the Market
The major players in the market are China Petroleum & Chemical Corporation, Royal Dutch Shell Plc, Borealis AG, Versalis S.p.A., Eni S.p.A., Evonik Industries AG, Ineos Group AG, LANXESS, LG Chem, LyondellBasell Industries Holdings B.V., Nizhnekamskneftekhim, Repsol, SABIC, The Dow Chemical Company, TPC Group, Formosa Plastics Corporation, ZEON Corporation, and Shanghai Petrochemical.
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