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1,3-Butadiene (BD) Market Growth Outlook from 2024 to 2031 and it is Projecting at 7.7% CAGR with Market's Trends Analysis by Application, Regional Outlook and Revenue
The "1,3-Butadiene (BD) Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The 1,3-Butadiene (BD) market is expected to grow annually by 7.7% (CAGR 2024 - 2031).
This entire report is of 190 pages.
1,3-Butadiene (BD) Introduction and its Market Analysis
1,3-Butadiene (BD) is a key chemical used in the production of synthetic rubber and plastics. The global BD market is driven by increasing demand from industries such as automotive, construction, and electronics. Major factors contributing to revenue growth in the BD market include the rising consumption of rubber products and the expanding transportation sector. Companies like ExxonMobil Chemical, SABIC, and Shell are leading players in the market, with strategic partnerships and investments driving their growth. The market research report provides insights into market trends, opportunities, and challenges, with recommendations for companies to capitalize on the growing demand for BD.
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The global 1,3-Butadiene (BD) market is witnessing significant growth with multiple production methods such as DMF, ACN, and NMP. The market is segmented based on applications including Butadiene Rubber, ABS, SBR, NBR, Hexamethylenediamine, and others. Regulatory factors play a crucial role in shaping market conditions, with factors such as environmental regulations, safety standards, and trade policies impacting the industry. Legal considerations, such as intellectual property rights and compliance with local laws, also play a key role in the 1,3-Butadiene market. As the demand for BD continues to rise in various end-use industries, manufacturers and suppliers must closely monitor and adapt to regulatory and legal factors to ensure sustainable growth and compliance in the market.
Top Featured Companies Dominating the Global 1,3-Butadiene (BD) Market
1,3-Butadiene (BD) Market is highly competitive with key players such as ExxonMobil Chemical, SABIC, ENI, Chevron Phillips Chemical, INEOS, YEOCHUN NCC, SINOPEC, China Wanda Group, DowDuPont, LG Chem, Shell, Total, Air Liquide, Lanxess, LyondellBasell, Evonik, TPC Group, Nizhnekamskneftekhim, Braskem, and BASF operating in the market. These companies are involved in the production, supply, and distribution of 1,3-Butadiene globally.
ExxonMobil Chemical, SABIC, Chevron Phillips Chemical, DowDuPont, LyondellBasell, and BASF are some of the leading players in the 1,3-Butadiene market. These companies utilize 1,3-Butadiene primarily in the production of synthetic rubbers, plastics, and other petrochemical products. They play a significant role in driving the growth of the 1,3-Butadiene market through their research & development activities, strategic acquisitions, and expansions.
For instance, ExxonMobil Chemical is known for its advanced technologies in petrochemical production, while SABIC focuses on innovation and sustainable practices. DowDuPont and BASF are key players in the global chemical industry, with a strong presence in 1,3-Butadiene market. These companies contribute to the growth of the market through product diversification and expansion into new geographies.
In terms of sales revenue, in 2020, DynDuPont reported sales of $ billion, while BASF reported sales of €59.1 billion. Other companies such as ExxonMobil Chemical, SABIC, and LyondellBasell also reported significant sales revenue in the 1,3-Butadiene market.
Overall, the key players in the 1,3-Butadiene market are actively involved in driving innovation, expanding product portfolios, and exploring new market opportunities to promote market growth and maintain a competitive edge in the industry.
- ExxonMobil Chemical
- SABIC
- ENI
- Chevron Phillips Chemical
- INEOS
- YEOCHUN NCC
- SINOPEC
- China Wanda Group
- DowDuPont
- LG Chem
- Shell
- Total
- Air Liquide
- Lanxess
- LyondellBasell
- Evonik
- TPC Group
- Nizhnekamskneftekhim
- Braskem
- BASF
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1,3-Butadiene (BD) Market Analysis, by Type:
- DMF Method
- ACN Method
- NMP Method
1,3-Butadiene (BD) can be produced through different methods such as DMF (dimethylformamide) method, ACN (acetonitrile) method, and NMP (N-methyl-2-pyrrolidone) method. These methods help in boosting the demand of 1,3-Butadiene (BD) market by providing efficient and cost-effective ways to produce this important chemical compound. The DMF method utilizes a high yield and low toxicity approach, while the ACN method offers a simpler process with fewer by-products. The NMP method, on the other hand, allows for improved selectivity and higher purity of the final product. Overall, these different methods contribute to meeting the increasing demand for 1,3-Butadiene (BD) in various industries.
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1,3-Butadiene (BD) Market Analysis, by Application:
- Butadiene Rubber
- ABS
- SBR
- NBR
- Hexamethylenediamine
- Other
1,3-Butadiene (BD) is used in the production of various polymers such as Butadiene Rubber, ABS, SBR, NBR, Hexamethylenediamine, and others. Butadiene Rubber is widely used in the manufacturing of tires, ABS is used in automotive parts and toys, SBR is used in car tires, NBR is used in seals and gaskets, and Hexamethylenediamine is used in nylon production. The fastest-growing application segment in terms of revenue is expected to be Butadiene Rubber, due to the increasing demand for tires in the automotive industry and the growing construction sector.
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1,3-Butadiene (BD) Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The 1,3-Butadiene (BD) market is expected to witness significant growth in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE). Asia-Pacific is expected to dominate the market, with a market share of around 40%. Europe is also expected to have a significant market share, followed by North America. Latin America and Middle East & Africa are forecasted to have a smaller market share in the 1,3-Butadiene market.
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