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Research
Butadiene Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast 2015 - 2023
Published Date
05-Oct-2015
163 Page Report
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Global Synthetic & Bio-based Butadiene Market is Likely to
Reach US$ 23.45 Bn in 2023 : TMR
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Butadiene Market
REPORT DESCRIPTION
Butadiene Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
The global synthetic and bio-based butadiene market is deriving significant growth opportunities from the rapid
expansion of the automotive industry across the globe. In 2014, the global market stood at US$15.2 bn and
analysts anticipate it to expand at a CAGR of 4.9% from 2015 to 2023 and reach a value of US$23.4 bn by the
end of 2023.
Synthetic Butadiene Market to Maintain Dominance in Future
Synthetic butadiene and bio-based butadiene are the two major components of this global market. Among the
two, the synthetic butadiene market emerged as the biggest product segment in 2014. Synthetic butadiene is
processed to obtain several derivatives such as SB rubber, ABS, and SB latex, which are used in making tyre
and various other products in the automotive industries.
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The rapid development of the global automotive industry is expected to increase the demand for synthetic
butadiene in the near future owing to which the synthetic butadiene market is likely to maintain its leading
position in the coming years. On the other hand, analyst project the bio-based butadiene market to report the
fastest growth in the overall synthetic and bio-based butadiene market in future owing to government
initiatives, encouraging the usage of bio-based butadiene market. Growing inclination of manufacturers
towards eco-friendly as well as cost-efficient production of butadiene is projected to drive the bio-based
butadiene market in the years to come.
Butadiene Rubber Emerged as Biggest End User for Butadiene
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Among end users, butadiene rubber has been leading the global synthetic and bio-based butadiene market
since the past few years. Butadiene rubber is mainly applied in the production of tyre, however, it is also
utilized in plastics as an additive such as ABS and polystyrene.
The SB rubber market occupied the second position in the global market for synthetic and bio-based butadiene
in 2014. Apart from this, adiponitrile and ABS are expected to register the fastest growth among all the end
users of synthetic and bio-based butadiene in the next few years.
Asia Pacific Led Global Synthetic and Bio-based Butadiene Market in 2014
In 2014, the synthetic and bio-based butadiene market in Asia Pacific led the global market, accounting for
more than 50% of the overall market. Asia Pacific, along with the Middle East and Africa, is expected to exhibit
robust growth in the coming years. The rapid rise in population, suitable climatic conditions, ample availability
of resources, presence of skilled workforce, and government support are the key factors driving the growth of
the market for synthetic and bio-based butadiene in these regions.
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Even in the coming years, these factors are likely to support the synthetic and bio-based butadiene market in
the Middle East and Africa and Asia Pacific. Additionally, analysts predict the market for synthetic and biobased butadiene in Latin America to report sustainable growth in demand, whereas the markets in North
America and Europe are anticipated to witness steady development during the period from 2015 to 2023.
The major companies operating in the global synthetic and bio-based butadiene market are Royal Dutch Shell
plc, Exxon Mobil Corp., Evonik Industries, BASF SE, Nizhnekamskneftekhim, LyondellBasell Industries N.V.,
Eni S.p.A., TPC Group, INEOS Group AG, Yeochun NCC Co. Ltd., Repsol Group, Petrochemical Corporation
of Singapore Pte. Ltd., Saudi Basic Industries Corp., and The Dow Chemical Co.
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TABLE OF CONTENT
Chapter 1 Preface
1.1 Research Description
1.2 Market Segmentation
1.2.1 Global Synthetic & Bio-based Butadiene Market Segmentation, by Product, Application, and Region
1.3 Research Scope
1.3.1 Assumption
1.4 Research Methodology
1.4.1 Abbreviations
1.4.2 Currency Rates
Chapter 2 Executive Summary
2.1 Global Synthetic & Bio-based Butadiene Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
Chapter 3 Synthetic & Bio-based Butadiene Market – Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
3.3.1 High Demand from the Tire and Automotive Industry to Boost Market Growth
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3.3.1.1 Global Tire Market, by Volume, 2014 – 2023 (Million Units)
3.3.1.2 Global Automotive Production, by Major Countries, 2010 – 2014
3.3.2 Rising demand for ABS from Asia Pacific, especially China
3.3.2.1 China ABS Market, 2013 – 2023 (Kilo Tons)
3.4 Market Restraints
3.4.1 Volatile Raw Material Prices to Hamper Butadiene Market Demand
3.4.2 Stringent Environmental Regulations to Hinder Growth of Butadiene Market
3.5 Market Opportunities
3.5.1 Production of Bio-based Butadiene Expected to Amplify Butadiene Market in the Near Future
3.6 Porter’s Five Forces Analysis
3.6.1 Bargaining Power of Suppliers
3.6.2 Bargaining Power of Buyers
3.6.3 Threat of New Entrants
3.6.4 Threat from Substitutes
3.6.5 Degree of Competition
3.7 Synthetic & Bio-based Butadiene: Market Attractiveness Analysis
3.7.1 Global Synthetic & Bio-based Butadiene: Market Attractiveness Analysis
3.8 Synthetic & Bio-based Butadiene: Company Market Share Analysis
3.8.1 Global Synthetic & Bio-based Butadiene: Company Market Share Analysis, 2014
Chapter 4 Synthetic & Bio-based Butadiene Market – Raw Material Analysis
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4.1 Synthetic & Bio-based Butadiene: Manufacturing Process
4.1.1 Extractive Distillation Process
4.1.1.1 Butadiene Manufacturing via Extractive Distillation Process
4.1.2 Butadiene Synthesis Through Oxidative Dehydrogenation of n-Butene (Oxo-D Process)
4.1.2.1 Recovery of Butadiene by Oxidative Dehydrogenation of n-Butene (Oxo-D Process)
4.1.3 Synthesis of Butadiene via Fermentation of Biomass Feedstock
4.1.3.1 Recovery of Butadiene by Fermentation of Biomass Feedstock
4.2 Raw Material Price Trends, 2014 – 2023 (US$/Ton)
4.3 Synthetic & Bio-based Butadiene Price Trends, 2014 – 2023, US$/Ton
Chapter 5 Synthetic & Bio-based Butadiene Market – Product Segment Analysis
5.1 Global Synthetic & Bio-based butadiene Market: Product Segment Overview
5.1.1 Global Synthetic & Bio-based Butadiene Market Volume Share, by Product, 2014 and 2023
5.2 Synthetic Butadiene
5.2.1 Global Synthetic Butadiene Market, 2014 – 2023 (Kilo tons) (US$ Mn)
5.3 Bio-based Butadiene
5.3.1 Global Bio-based Butadiene Market, 2014 – 2023 (Kilo tons) (US$ Mn)
Chapter 6 Synthetic & Bio-based Butadiene Market – Application Analysis
6.1 Global Synthetic & Bio-based Butadiene Market: Application Overview
6.1.1 Global Synthetic & Bio-based Butadiene Market Volume Share, by Application, 2014 and 2023
6.2 SB Rubber
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6.2.1 Global Synthetic & Bio-based Butadiene Demand for SB Rubber, 2014 – 2023 (Kilo tons) (US$ Mn)
6.3 Butadiene Rubber
6.31 Global Synthetic & Bio-based Butadiene Demand for Butadiene Rubber, 2014 – 2023 (Kilo tons) (US$
Mn)
6.4 SB Latex
6.4.1 Global Synthetic & Bio-based Butadiene Demand for SB Latex, 2014 – 2023 (Kilo tons) (US$ Mn)
6.5 ABS
6.5.1 Global Synthetic & Bio-based Butadiene Demand for ABS, 2014 – 2023 (Kilo tons) (US$ Mn)
6.6 Adiponitrile
6.6.1 Global Synthetic & Bio-based Butadiene Demand for Adiponitrile, 2014 – 2023 (Kilo tons) (US$ Mn)
6.7 Others
6.7.1 Global Synthetic & Bio-based Butadiene Demand for Other Applications, 2014 – 2023 (Kilo tons)
(US$ Mn)
Chapter 7 Synthetic & Bio-based Butadiene Market – Regional Analysis
7.1 Global Synthetic & bio-based butadiene Market: Regional Overview
7.1.1 Global Synthetic & Bio-based Butadiene Market Volume Share, by Region, 2014 & 2023
7.2 North America
7.2.1 North America Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 – 2023 (Kilo tons)
7.2.2 North America Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.2.3 North America Synthetic & Bio-based Butadiene Market Volume, by Application, 2014 – 2023 (Kilo
tons)
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7.2.4 North America Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014 – 2023 (US$
Mn)
7.2.5 U.S.
7.2.5.1 U.S. Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 – 2023 (Kilo tons)
7.2.5.2 U.S. Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.2.5.3 U.S. Synthetic & Bio-based Butadiene Market Volume, by Application, 2014 – 2023 (Kilo tons)
7.2.5.4 U.S. Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.2.6 Rest of North America
7.2.6.1 Rest of North America Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 –
2023 (Kilo tons)
7.2.6.2 Rest of North America Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 –
2023 (US$ Mn)
7.2.6.3 Rest of North America Synthetic & Bio-based Butadiene Market Volume, by Application, 2014
– 2023 (Kilo tons)
7.2.6.4 Rest of North America Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014
– 2023 (US$ Mn)
7.3 Europe
7.3.1 Europe Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 – 2023 (Kilo tons)
7.3.2 Europe Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.3.3 Europe Synthetic & Bio-based Butadiene Market Volume, by Application, 2014 – 2023 (Kilo tons)
7.3.4 Europe Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.3.5 Germany
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7.3.5.1 Germany Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 – 2023 (Kilo
tons)
7.3.5.2 Germany Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 – 2023 (US$
Mn)
7.3.5.3 Germany Synthetic & Bio-based Butadiene Market Volume, by Application, 2014 – 2023 (Kilo
tons)
7.3.5.4 Germany Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014 – 2023
(US$ Mn)
7.3.6 France
7.3.6.1 France Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 – 2023 (Kilo tons)
7.3.6.2 France Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.3.6.3 France Synthetic & Bio-based Butadiene Market Volume, by Application, 2014 – 2023 (Kilo
tons)
7.3.6.4 France Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014 – 2023 (US$
Mn)
7.3.7 U.K.
7.3.7.1 U.K. Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 – 2023 (Kilo tons)
7.3.7.2 U.K. Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.3.7.3 U.K. Synthetic & Bio-based Butadiene Market Volume, by Application, 2014 – 2023 (Kilo tons)
7.3.7.4 U.K. Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.3.8 Italy
7.3.8.1 Italy Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 – 2023 (Kilo tons)
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7.3.8.2 Italy Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.3.8.3 Italy Synthetic & Bio-based Butadiene Market Volume, by Application, 2014 – 2023 (Kilo tons)
7.3.8.4 Italy Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014 – 2023 (US$ Mn)
7.3.9 Russia
7.3.9.1 Russia Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 – 2023 (Kilo tons)
7.3.9.2 Russia Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.3.9.3 Russia Synthetic & Bio-based Butadiene Market Volume, by Application, 2014 – 2023 (Kilo
tons)
7.3.9.4 Russia Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014 – 2023 (US$
Mn)
7.3.10 Finland
7.3.10.1 Finland Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 – 2023 (Kilo
tons)
7.3.10.2 Finland Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 – 2023 (US$
Mn)
7.3.10.3 Finland Synthetic & Bio-based Butadiene Market Volume, by Application, 2014 – 2023 (Kilo
tons)
7.3.10.4 Finland Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014 – 2023 (US$
Mn)
7.3.11 Rest of Europe
7.3.11.1 Rest of Europe Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 – 2023
(Kilo tons)
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7.3.11.2 Rest of Europe Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 – 2023
(US$ Mn)
7.3.11.3 Rest of Europe Synthetic & Bio-based Butadiene Market Volume, by Application, 2014 –
2023 (Kilo tons)
7.3.11.4 Rest of Europe Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014 –
2023 (US$ Mn)
7.4 Asia Pacific
7.4.1 Asia Pacific Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 – 2023 (Kilo tons)
7.4.2 Asia Pacific Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.4.3 Asia Pacific Synthetic & Bio-based Butadiene Market Volume, by Application, 2014 – 2023 (Kilo tons)
7.4.4 Asia Pacific Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014 – 2023 (US$
Mn)
7.4.5 China
7.4.5.1 China Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 – 2023 (Kilo tons)
7.4.5.2 China Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.4.5.3 China Synthetic & Bio-based Butadiene Market Volume, by Application, 2014 – 2023 (Kilo
tons)
7.4.5.4 China Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014 – 2023 (US$
Mn)
7.4.6 India
7.4.6.1 India Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 – 2023 (Kilo tons)
7.4.6.2 India Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
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7.4.6.3 India Synthetic & Bio-based Butadiene Market Volume, by Application, 2014 – 2023 (Kilo tons)
7.4.6.4 India Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014 – 2023 (US$
Mn)
7.4.7 ASEAN
7.4.7.1 ASEAN Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 – 2023 (Kilo tons)
7.4.7.2 ASEAN Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.4.7.3 ASEAN Synthetic & Bio-based Butadiene Market Volume, by Application, 2014 – 2023 (Kilo
tons)
7.4.7.4 ASEAN Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014 – 2023 (US$
Mn)
7.4.8 Rest of Asia Pacific
7.4.8.1 Rest of Asia Pacific Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 – 2023
(Kilo tons)
7.4.8.2 Rest of Asia Pacific Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 –
2023 (US$ Mn)
7.4.8.3 Rest of Asia Pacific Synthetic & Bio-based Butadiene Market Volume, by Application, 2014 –
2023 (Kilo tons)
7.4.8.4 Rest of Asia Pacific Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014 –
2023 (US$ Mn)
7.5 Latin America
7.5.1 Latin America Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 – 2023 (Kilo tons)
7.5.2 Latin America Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
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7.5.3 Latin America Synthetic & Bio-based Butadiene Market Volume, by Application, 2014 – 2023 (Kilo
tons)
7.5.4 Latin America Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014 – 2023 (US$
Mn)
7.5.5 Brazil
7.5.5.1 Brazil Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 - 2023 (Kilo tons)
7.5.5.2 Brazil Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.5.5.3 Brazil Synthetic & Bio-based Butadiene Market Volume, by Application, 2014 – 2023 (Kilo
tons)
7.5.5.4 Brazil Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014 – 2023 (US$
Mn)
7.5.6 Rest of Latin America
7.5.6.1 Rest of Latin America Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 –
2023 (Kilo tons)
7.5.6.2 Rest of Latin America Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 –
2023 (US$ Mn)
7.5.6.3 Rest of Latin America Synthetic & Bio-based Butadiene Market Volume, by Application, 2014 –
2023 (Kilo tons)
7.5.6.4 Rest of Latin America Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014
– 2023 (US$ Mn)
7.6 Middle East & Africa
7.6.1 Middle East & Africa Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 – 2023 (Kilo
tons)
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7.6.2 Middle East & Africa Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 – 2023
(US$ Mn)
7.6.3 Middle East & Africa Synthetic & Bio-based Butadiene Market Volume, by Application, 2014 – 2023
(Kilo tons)
7.6.4 Middle East & Africa Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014 – 2023
(US$ Mn)
7.6.5 GCC
7.6.5.1 GCC Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 – 2023 (Kilo tons)
7.6.5.2 GCC Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 – 2023 (US$ Mn)
7.6.5.3 GCC Synthetic & Bio-based Butadiene Market Volume, by Application, 2014 – 2023 (Kilo tons)
7.6.5.4 GCC Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014 – 2023 (US$
Mn)
7.6.6 South Africa
7.6.6.1 South Africa Synthetic & Bio-based Butadiene Market Volume, by Product, 2014 – 2023 (Kilo
tons)
7.6.6.2 South Africa Synthetic & Bio-based Butadiene Market Revenue, by Product, 2014 – 2023
(US$ Mn)
7.6.6.3 South Africa Synthetic & Bio-based Butadiene Market Volume, by Application, 2014 – 2023
(Kilo tons)
7.6.6.4 South Africa Synthetic & Bio-based Butadiene Market Revenue, by Application, 2014 – 2023
(US$ Mn)
7.6.7 Rest of Middle East & Africa
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7.6.7.1 Rest of the Middle East & Africa Synthetic & Bio-based Butadiene Market Volume, by Product,
2014 – 2023 (Kilo tons)
7.6.7.2 Rest of the Middle East & Africa Synthetic & Bio-based Butadiene Market Revenue, by
Product, 2014 – 2023 (US$ Mn)
7.6.7.3 Rest of the Middle East & Africa Synthetic & Bio-based Butadiene Market Volume, by
Application, 2014 – 2023 (Kilo tons)
7.6.7.4 Rest of the Middle East & Africa Synthetic & Bio-based Butadiene Market Revenue, by
Application, 2014 – 2023 (US$ Mn)
Chapter 8 Company Profiles
8.1 BASF SE
8.2 Eni S.p.A.
8.3 Evonik Industries
8.4 Exxon Mobil Corporation
8.5 INEOS Group AG
8.6 LyondellBasell Industries N.V.
8.7 Nizhnekamskneftekhim
8.8 Petrochemical Corporation of Singapore Pte. Ltd.
8.9 Repsol Group
8.10 Royal Dutch Shell plc
8.11 Saudi Basic Industries Corporation (SABIC)
8.12 The Dow Chemical Company
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8.13 TPC Group
8.14 Yeochun NCC Co., Ltd.
Chapter 9 Primary Research – Key Findings
9.1 Primary Research
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The global synthetic and bio-based butadiene market is deriving significant growth opportunities from the rapid expansion of the automotive industry across the globe. In 2014, the global market stood at US$15.2 bn and analysts anticipate it to expand at a CAGR of 4.9% from 2015 to 2023 and reach a value of US$23.4 bn by the end of 2023.