Global Synthetic Butadiene And Biobased Butadiene Market Report By Product Type (Synthetic, Biobased), By End-Use (Styrene Butadiene Rubber (SBR), Poly Butadiene Rubber (PBR), Styrene Butadiene Latex (SB Latex), Acrylonitrile Butadiene Styrene (ABS), Adiponitrile, Others (Including NBR and SSBR)) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

The global demand for Synthetic Butadiene And Biobased Butadiene Market is presumed to reach the market size of nearly USD 41.57 Billion by 2032 from USD 24.21 Billion in 2023 with a CAGR of 6.19% under the study period 2024 - 2032. Regarding volume, thewas calculated XX Kilo Tons in 2023 and forecast to touch XX Kilo Tons by 2032 with a CAGR of XX% during 2024-2032.
 
Synthetic butadiene and biobased butadiene are also referred to as 1, 3-butadiene. They are non-corrosive and colorless gas with a mild aromatic smell. Synthetic butadiene and biobased butadiene are primarily used to produce rubber products around the globe and tires for automobiles. Owing to their excellent tear strength, conductivity, and enhanced resilience properties, they are widely used as rubber-reinforcing agents in the tire manufacturing industry.
 
Market Dynamics
 
The rising demand for synthetic butadiene and biobased butadiene from the automotive and rubber industry is fueling market growth. Expanding the chemical industry around the globe, coupled with ongoing industrialization, is further expected to propel the market demand. On the other hand, the fluctuating price of raw materials and toxic gases emitted into the environment during the production of synthetic butadiene is likely to hamper the market growth.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of synthetic butadiene and biobased butadiene.
 
Market Segmentation
 
The broad synthetic butadiene and biobased butadiene market has been sub-grouped into product type and end-use. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.

By Product Type

• Synthetic
• Biobased

 By End-Use

• Styrene Butadiene Rubber (SBR)
• Poly Butadiene Rubber (PBR)
• Styrene Butadiene Latex (SB Latex)
• Acrylonitrile Butadiene Styrene (ABS)
• Adiponitrile
• Others (including NBR and SSBR) 

Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for synthetic butadiene and biobased butadiene in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Global Synthetic Butadiene And Biobased Butadiene Market Share by Region (Representative Graph)
 

 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Synthetic Butadiene And Biobased Butadiene market includes BASF SE, Eni, Royal Dutch Shell, TPC Group, Evonik Industries AG, INEOS Group, Exxon Mobil, LyondellBasell Industries, Repsol, SABIC, Genomatica, Lanxess, Yeochun NCC. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.