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Synthetic & Bio-based Butadiene Market Research
Report, 2017 - 2024: Global Market Insights Inc.
The Research Report on “Synthetic & Bio-based Butadiene Market Size By Product
(Synthetic, Bio-based), By Application (SB Rubber, Butadiene Rubber, SB
Latex, ABS, Adiponitrile), Industry Analysis Report, Regional Outlook (U.S.,
Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia,
Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential,
Price Trends, Competitive Market Share & Forecast, 2017 – 2024”, Synthetic &
Bio-based Butadiene Market size is set to cross USD 24 billion by 2024; according to
a new research report by Global Market Insights, Inc.
Strong growth indicators in the automotive and tire business globally will be the
major growth prospect for the synthetic & bio-based butadiene market in the coming
years. The industry will follow similar growth dynamics with automotive sector, as the
product is essentially used in vehicle body parts. For instance, SB rubber owing to its
value-added features of reduced rolling resistance and better grip is widely preferred
in the tire manufacturing, as it helps in reducing carbon emissions along with
increasing the vehicle efficiency. Furthermore, the global automobile sales, including
both passenger cars and commercial vehicles, was approximately 75 million units in
2010 and reached close to 94 million units in 2016. This elevation in the automotive
sales will consequently propel the synthetic & bio-based butadiene market share.
In 2016, the overall tire industry size was close to 2.5 billion units and is projected to
reach 4 billion units by 2024. This trend will in turn stimulate the synthetic & biobased butadiene market share, as the product is essentially used in tire
manufacturing. Petrochemical derivatives are the major raw materials used in the
product manufacturing. Thus, synthetic & bio-based butadiene market price trends
follow similar dynamics with the crude oil. As a result, wavering crude oil prices shall
obstruct synthetic butadiene market share in the coming years. However, escalating
bio-based material demand in tire manufacturing along with increasing
commercialization of sustainable products will boost bio-based butadiene market
size by 2024.
Synthetic accounted for the largest share of the business in 2016. The product is
majorly used in tire manufacturing and other automotive parts, particularly due to its
characteristics such as superior grip and reduced rolling resistance. However, the
segment will exhibit moderate CAGR during the projected timespan mainly due to
volatility in raw material prices along with its potential threat for health as well as the
U.S. Synthetic & Bio-Based Butadiene Market size, by application, 2013 - 2024
Bio-based will exhibit gains close to 13% CAGR from 2017 to 2024. The growth will
be mainly attributed to favoring government norms towards bio-based material use
on account of its ecofriendly characteristics.
SB latex will experience growth close to 3% CAGR by 2024. It is widely used across
building & construction industry for sealing & binding applications mainly due to its
high flexibility, reduced shrinkage and extended durability. Furthermore, high bond
strength of SB latex makes it preferred in waterproofing applications. In 2016,
butadiene rubber generated revenue close to USD 5 billion. This segment led the
application base in the same year due to its prevalent application in the tire
In 2016, Asia Pacific synthetic & bio-based butadiene market share accounted more
than half of the industry share. Substantial industry size along with decent growth
rate by 2024 will be primarily due to prevalence of enormous end-user industries
(construction, automotive) in China and India.
In 2016, synthetic & bio-based butadiene share was fragmented with key companies
holding close to 30% industry share. Key industry players are BASF, Exxon Mobil,
Shell, Evonik, INEOS, LyondellBasell, Dow, SABIC, PCS, Repsol, and TPC Group.
Segmentation of Synthetic & Bio-Based Butadiene Market:
Synthetic & bio-based butadiene market research report includes in-depth coverage
of the industry, with estimates & forecast in terms of volume in kilo tons and revenue
in USD million from 2013 to 2024, for the following segments:
Synthetic & Bio-Based Butadiene Market By Product
Synthetic & Bio-Based Butadiene Market By Application
The above information is provided on a regional and country basis for the following:
Middle East & Africa
• South Africa
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