1,3 Butadiene, also known as butadiene, is an industrial chemical that is used in the production of synthetic rubber. It is a byproduct of the steam cracking of ethylene and other olefins. It is highly reactive, flammable and colorless, with mild aromatic odor. It easily polymerizes with oxygen. It can be dissolved in alcohol and ether. It is not soluble in water.
1,3 BD is a precursor to many processing materials. The major derivatives are acrylonitrile-butadiene styrene and styrene-butadiene rubber. These derivatives are used extensively in the automotive industry to make tires and other components. Global butadiene demand will continue to grow due to the growth of the automotive industry, particularly in emerging markets like China, India, Brazil. 1,3 BD is used as an intermediate material as well as as a basic feedstock in various petrochemical processing.
Butadiene market demand is expected to rise due to increasing preference for the production of consumer goods. Butadiene market players will face significant challenges due to product maturation and volatile raw material prices. The market will also face regulatory and safety challenges due to health concerns about exposure. To address health concerns, regulators have set strict guidelines for industries to ensure safety. The industry is now focusing on bio-based alternatives for 1,3 BD to overcome these challenges.
Environmental Protection Agency (EPA), has listed 1,3 Butadiene among the most carcinogenic substances. Exposure to this substance may increase the risk of developing leukemia, cardiovascular disease, irritation to the eyes, throat, lungs and nasal passages, among other things. It is expected that this will reduce the intake of 1,3 BD in the near future.
1,3 Butadiene plays a key role in the production of rubber and plastic products. It is also used extensively in copolymers, including acrylics. Its key benefits include cost-effectiveness, reliability, large-scale applications, easy accessibility, and availability. Multi-national companies are currently working together to improve the substance's properties and to reach a wider market. This will in turn increase industry growth over the next decade.
BD is a key ingredient in the production of a variety of chemicals and materials that are used across a wide array of industries, including building & construction and healthcare. The market for butadiene can be divided based on its application. There are several major products that can be derived from butadiene, including acrylonitrile butadiene resins (ABS), butyrene butadiene rubbers (SBR), and nitrile butadiene (NBR) among others like PBR and Adiponitrile.
ABS is used as a terpolymer to make lightweight electrical resistance products. SBR is made by the polymerizations of butadiene and styrene monomers. Because of its high strength, viscosity and abrasion resistance, it is often used as a modifier in adhesives and sealants. SB latex, a water-based emulsion copolymer made from styrene & BD, is a water-based emulsion copolymer.
Because of its high adhesive strength and elasticity, it is often used in carpet back coatings and coated papers. NBR is used in the aeronautical and automotive industries for oil handling hoses and sealants. PBR is used to make tires with high resistance. Adiponitrile, an organic compound, is viscous. It is an essential material for the production polymers.
Asia Pacific emerged as Asia's largest regional butadiene market, with India and China the top consuming countries. Asia Pacific was responsible for more than 40% of the global butadiene market volume. Asia Pacific will be the fastest growing region for 1,3BD due to the growth in key end-use industries like building and construction, automotive, as well as consumer products. The Butadiene market is growing in North America and Europe due to the demand for elastomers in tires and other downstream applications.
China is the most important producer of 1,3 butadiene via the naphtha cracking method, out of all the countries in Asia Pacific. China produced its first coal-to olefin formula in 2010. Since then, the CTO-based process for ethylene production in China has been significant. This has resulted in a rise in 1,3 BD consumption across China and other countries in Asia Pacific like India, Indonesia, Japan, and others.
North America was the second largest market for 1,3BD, accounting for 23.6% of total market volume in 2013. Due to the growth of construction, automotive and other end-user industries, especially in Brazil, Argentina and South Africa, RoW is expected to show significant growth over six years.
The major players in the global butadiene industry include Braskem S.A. and Exxon Mobil Chemical Company. ENI S.p.A., LyondellBasell Industries N.V. Royal Dutch Shell Plc.. Sinopec, TPC Group Inc. and Nizhnekamskneftekhim O.A.O. Lanxess A.G.
Multinational companies are a common presence in the spectrum, which has resulted in product innovation and numerous mergers & acquisitions within the business ecosystem. Companies are investing in the sector to improve their market competence.
Up Market Research published a new report titled “1,3 Butadiene Market research report which is segmented by Application (ABS, NBR, Butadiene Rubber, SBR, HMDA, SB Latex), By Players/Companies Braskem SA, Sinopec, BASF SE, TPC Group Inc, ENI SpA, Nizhnekamskneftekhim OAO and Lanxess AG, Royal Dutch Shell Plc, Exxon Mobil Chemical Company, LyondellBasell Industries NV”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | 1,3 Butadiene Market Research Report |
By Application | ABS, NBR, Butadiene Rubber, SBR, HMDA, SB Latex |
By Companies | Braskem SA, Sinopec, BASF SE, TPC Group Inc, ENI SpA, Nizhnekamskneftekhim OAO and Lanxess AG, Royal Dutch Shell Plc, Exxon Mobil Chemical Company, LyondellBasell Industries NV |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 238 |
Number of Tables & Figures | 167 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Application (ABS, NBR, Butadiene Rubber, SBR, HMDA, SB Latex).
1,3 Butadiene Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the 1,3 Butadiene Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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