1. Market Research
  2. > Chemical
  3. > Petrochemical Market Trends
Butadiene Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Butadiene Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

  • September 2021
  • 213 pages
  • ID: 6155618
  • Format: PDF
  • Mordor Intelligence LLP


Table of Contents

Search Inside

The butadiene market size was estimated at 12,430 kilotons in 2020, and the market is projected to register a CAGR of over 3.5% during the forecast period (2021-2026).

The market was negatively impacted by COVID-19 in 2020. Considering the ongoing pandemic scenario, the automotive manufacturing units and building construction projects were temporarily halted. Thus, this negatively impacted the demand for styrene-butadiene and polybutadiene rubber, which are used in tires, building crack fillers, concrete additives, etc., which declined the demand for butadiene. However, the use of protective gloves made from nitrile rubber has increased in the current situation, thus stimulating the demand for the butadiene market.

Key Highlights
Over the short term, the developing downstream market in Asia-Pacific is expected to drive the market’s growth.
Polybutadiene dominated the market holding a share of almost 30%. However, the acrylonitrile butadiene styrene (ABS) segment is expected to witness the highest CAGR during the forecast period.
The innovation of bio-butadiene to produce products like synthetic rubber, thermoplastic elastomers, nylon, etc., is likely to create opportunities for the market in the coming years.

Key Market Trends

Polybutadiene (PBR) to Dominate the Market

Polybutadiene rubber (BR) is a synthetic rubber used as a substitute for natural rubber. Polybutadiene rubber can be produced by two processes, namely anionic polymerization or coordination polymerization of 1,3-butadiene in the non-polar solvent.
Commercially, polybutadiene is available in two types, i.e., solid polybutadiene and liquid polybutadiene, out of which, solid polybutadiene holds the larger share in terms of consumption. Furthermore, solid polybutadiene is divided into four types i.e., high cis, low cis, high trans, and high vinyl polybutadiene, depending on the choice of the catalyst system.
Polybutadiene rubber (BR) offers properties such as resistance to low temperatures, excellent elastic properties, high wear resistance owning to low coefficient of friction and strength properties, and low hysteresis loss. Additionally, polybutadiene rubber offers high flexibility and high resistance to dynamic fatigue at low temperatures.
The operating temperature of polybutadiene rubber products ranges from 60°C to 100°C, for long-term applications and for short term applications optimum temperature range is 60°C to 120°C.
Polybutadiene rubber is widely used in the manufacturing of tire treads for commercial and passenger vehicles, automotive components, covers for pneumatic and water hoses, golf balls, footwear, industrial parts, rubber isolators and casters, inner tubes of hoses for sandblasting, conveyor belts, shoe soles, and polystyrene modifier.
PBR is also used to manufacture golf balls, various elastic objects, and to coat or encapsulate electronic assemblies, offering high electrical resistivity. In addition, it is further used in railway pads, bridge blocks, and as a fuel in combination with an oxidizer in various solid rocket boosters, such as Japan’s H-IIB launch vehicle.
China accounts for the major share of the Asia-Pacific region in polybutadiene rubber market. In recent years, China had become the global largest producer, consumer, and importer of polybutadiene rubber which is expected to boost the demand of PBR which in turn increase the market demand of Butadiene.
Owing to its excellent elastic properties, polybutadiene rubber is also used as an insulation solution for wires and cables used in the electrical industry
Companies such as UBE INDUSTRIES, LTD., China Petrochemical Corporation (Sinopec), INEOS, Mitsubishi Corporation, Kumho Petrochemical, NOVA Chemicals Corporate are engaged in the manufacturing of polybutadiene rubber.
Owing to all these factors, the market for butadiene is likely to grow globally during the forecast period.

Asia-Pacific Region to Dominate the Market

The Asia-Pacific region dominated the global butadiene market. The downstream market in Asia-Pacific witnessed a huge spur in the past few years, owing to which the demand for butadiene has witnessed a rapid increase due to its requirement.
China is one of the largest chemical manufacturing hubs in the world, with wide range of industries. The Chinese butadiene market is expected to witness significant growth. Due to the presence of a large number of indigenous players.
Furthermore, China is projected to produce 704 million tires per year by 2025, including 527 million passenger radial tires, 148 million truck/bus radial tires, 29 million bias truck tires, 20,000 extra-large industrial tires, 12 million agricultural tires, and 54,000 aircraft tires. In addition, China will produce 120.7 million motorcycle tires and 420 million bicycle tires annually by 2025. This is quite instrumental in propelling the market demand butadiene in the country over the forecast period.
In India, there are 41 tire manufacturers in India and around 6,000 non-tire manufacturers producing seals, conveyor belts, extruded and molded rubber profiles to be used in automotive, railway, defense, aerospace, and other applications.
Indian truck and bus tire production increased by 35% in December of the year 2020 over the same month the previous year. Truck and bus tire output fell by 8% with 126.4 lakh units from April to December of the year 2020 compared to the same time the previous year. In recent months, motorcycle tire production has improved. Motorcycle tire output grew by 25% in double digits with the production of 69.19 lakh units in December 2020.
Additionally, India is currently the second highest consumer and producer of footwear in the world. The country is currently producing around 9% of the global annual production of the footwear. The footwear sector in India is one of the largest in the region behind China.
Apart from this, the Asia-Pacific region is the largest producer of vehicles across the world. Butadiene is used to produce intermediates like styrene-butadiene (SBR) and others, which are further used to manufacture automotive products include tires, conveyor belts, etc.
According to the OICA, 2020, total industrial production in India was about 3,394,446 vehicles, including passenger, commercial, three-wheeler, two-wheeler, and quadricycles, which declined by about 25% compared to 4,524,366 vehicles produced over the same period last year. However, in Q1 2021, the country produced 1,291,497 vehicles, which increased 31% over 986,097 vehicles produced in Q1 2020. The government’s reforms such as “Aatma Nirbhar Bharat” and “Make in India” programs are likely to boost the automotive industry in the near future.
According to the China Association of Automobile Manufacturers (CAAM), the automotive production decline by about 2% in 2020. The country produced 25,225,242 units in 2020, which declined from 25,750, 650 units in 2019. However in Q1, 2021, the production reached 6,352,028 which increased 81.7% over Q1 2020. The manufacturing activities are picking up pace, driving the demand for the butadiene.
Therefore, the aforementioned factors are expected to show a significant impact on the market in the coming years.

Competitive Landscape

The global butadiene market is fragmented in nature, with the top five players occupying less than 30% of the market share as of 2020. These companies include China Petroleum & Chemical Corporation (Sinopec), China National Petroleum Corporation, TPC Group, Royal Dutch Shell PLC, and Exxon Mobil Corporation, among others.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Global Butadiene Market - Segmented by Application, End-user Industry, and Geography ‚ Growth, Trends, and Forecast (2019 - 2024)

  • $ 4250
  • March 2019
  • 166 pages

The global butadiene market (henceforth referred to as the market studied) is expected to reach 12,347.03 kilo metric ton in 2018. It is estimated to reach 15,357.81 kilo tons by 2023, at estimated CAGRs ...

  • World
  • APAC
  • Butadiene
  • Tire
  • Industry analysis
  • Vehicle Production
  • Plastic Production


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on