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Butadiene Derivatives Market and its trends have been a recent key focus of industry attention, and it is a result of a variety of factors that have been driving market trends.
A critical phenomenon in the Butadiene Derivatives Market now is the growing procurement of synthetic rubber as the key product. The global auto sector is growing, which has contributed to the need for synthetic rubber for tires production, all of which has led to a continuous growth. The trend is likely to remain a fact for years to come, which will especially be relevant for the emerging economies where fast industrialization and urbanization are the catalysts of the auto industry.
Interestingly, the Butadiene Derivatives market is experiencing a trend of being more consciously sustainable and related to the issue of the environment. With the atmosphere of climate change and environmental impact in our heads, there is more interest in creating the latest eco-friendly solutions in Manufacture of the butadiene derivatives. Apart from savings in time, some of the employments and opportunities will be created locally for the unemployed who are looking for a source of income. Those two motives coincide with the global tendency which directive sustainable policies in any area become one of the world's main purposes.
The differentiation is another trend in the process as a result of that butadiene derivates can be used in different fields. Butadiene, although still being a major application, provides various industrial sectors with different kinds of butadiene derivatives. Due to the variety in aspects, butadiene derivatives can be incorporated into several industries, hence boosting the market size, which is another factor that is contributing to the growth of this market.
The market is strongly colored by geopolitical dynamics as well as supply chain conditions. Supply of raw materials the geopolitical factors that cause a country to limit the volumes of the goods that it imports can easily affect the Butadiene Derivatives Market. Industriaries, and specifically manufacturers and other stakeholders, need to stay resilient to confront the uncertainties in external factors and do so with flexibility.
Moreover, technology is a key influencer and steers marketing remits. The research and development activities go on as a part of a quest for increasing the efforts that are butadiene production-driving. Also, it involves development of other application areas. Catalytic technologies, the discovery of enzymes and the invention of new bio-based methods are the topic for many researchers which aim to provide the best solutions for environmental problems and an overall sustainable development for the industry.
In addition, manufacturers are seeking different forms of alliances and partnerships as a way of strengthening their participation in the world of Butadiene Derivatives. Joining forces with companies via joint ventures can play an important role in knowledge transfer, continuous improvement of product processes and global competitive circles. Moreover, M&A deals also occur on a usual basis when some companies want to add some products to their existing lineups and also increase their market catchment areas.
Butadiene Derivatives Market Highlights:
Butadiene Derivatives Market Overview
Butadiene Derivatives Market is projected to grow at 4.65% CAGR during the Forecast 2021-2030.
Butadiene, also known as 1, 3-butadiene, is a highly reactive colorless gas, commercially obtained by extractive distillation from crude butylene concentration stream. Butadiene and its derivatives are considered as a vital feedstock for manufacturing various chemicals and materials, and thus have an array of applications in the automotive and textile industries. For instance, acrylonitrile-butadiene-styrene (ABS), on account of its high impact and heat resistance, is majorly used in the automotive sector to manufacture rigid, light, and molded parts such as instrument panels, consoles, radiator grills, and headlight housings.
The significant factor driving the market for butadiene derivatives is the increased demand for styrene-butadiene rubber (SBR) to produce tires and synthetic rubber products. The soft nature and fluctuating prices of natural rubber, improved properties of synthetic rubber, and geographical constraints of rubber plantation further drive the global market growth. In addition, the increasing use of butadiene derivatives such as acrylonitrile butadiene styrene (ABS) and nitrile rubber (NR) in multifarious applications such as gaskets and seals, footwear, and adhesives is further expected to drive the Butadiene Derivatives Market Growth worldwide.
Furthermore, the increasing use of butadiene & its derivatives in industrial and domestic applications coupled with a rising impetus to produce green tires derived from bio-based butadiene monomers are further creating lucrative opportunities for the players operating in Butadiene Derivatives Market.
However, butadiene has been listed as a carcinogenic agent by the International Agency for Research on Cancer (IARC). This is likely to limit the global market growth. Moreover, butadiene derivatives are non-biodegradable, resulting in several environment-related hazards such as an increase in global warming and emissions of GHG in the atmosphere. The growing environmental concerns are further expected to hamper its growth in the Butadiene Derivatives Market.
Butadiene Derivatives Market Share, by Region, 2018 (%) 
Source: MRFR Analysis
Regional Analysis
The Butadiene Derivatives Market is analyzed for five major regions, namely, North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa.
The market in Asia-Pacific dominates the Butadiene Derivatives Market and is projected to register the highest CAGR during the forecast period owing to the rapid industrialization coupled with the surging demand for butadiene derivatives in automotive and rubber applications in the region. China, followed by India and other South-East Asian countries, is the largest consumer in the Butadiene Derivatives Market and is the fastest-growing market in the region on account of rising production of automobiles. According to China Association of Automobile Manufacturers (CAAM), as of April 2019, the sales and production of commercial vehicles reached 5,01,000 and 4,68,000 units, respectively, and registered a significant growth of 91% and 73.8% than in March. This creates lucrative opportunities for the players operating in Butadiene Derivatives Market. Additionally, the increasing use of butadiene derivatives in textile industry to produce footwear, gloves, and belts is further propelling the regional market growth.
Europe, following Asia-Pacific, is expected to register significant growth during the forecast period due to the extensive use of butadiene and its derivatives in the production of automobile components such as wheel covers, dashboard trims, tires, and others. Germany is the leading country on account of rising automobile exports from the country. According to European Automobile Manufacturers Association (ACEA), in 2016 the total passenger cars exports by the European Union reached five and a half million units and were valued worth USD 138.25 billion.
North America accounted for a considerable market share in 2018. The growing demand for butadiene derivatives in well-established industries such as paints & coatings and polymer industry. The US is the leading country in the region owing to the presence of major key players such as Exxon, Dow, and TPC Group.
Latin America and the Middle East & Africa are expected to show substantial growth during the forecast period owing to rapidly rising industrialization and increased disposable income among the consumers in the region.
Segmentation
According to MRFR analysis, the Butadiene Derivatives Market has been segmented based on product derivatives, application, and region.
Based on Product Derivatives, the Butadiene Derivatives Market has been segmented into styrene-butadiene rubber (SBR), polybutadiene rubber (PBR), acrylonitrile butadiene styrene (ABS), styrene-butadiene latex, adiponitrile, nitrile rubber (NR), and others.
By Application, the Butadiene Derivatives Market has been categorized into tires and rubber, injection-molded products, adhesives, paints and coatings, footwear, and others.
By Region, the Butadiene Derivatives Market has been categorized as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Key Players
Royal Dutch Shell Plc (Netherlands), LyondellBasell Industries Holdings B.V. (Netherlands), TPC Group (US), China Petrochemical Corporation (China), Exxon Mobil Corporation (US), BASF SE (Germany), Dow (US), Braskem (Brazil), China National Petroleum Corporation (China), and Eni S.p.A (Italy).
Dow announced in March 2023 its intention to expand further on renewable energy sources that can power all its global operations. This marks an expansion aimed at substantial emissions cuts and promoting production of more sustainable chemical products containing butadiene among them.
BASF introduced a new range of green butadiene derivatives suited for applications requiring high-performance such as automotive and construction during September 2022 as part of the company’s drive towards sustainability and reducing its product footprint on nature​.
Recent News
February 2024: Despite the falling oil prices, ExxonMobil made considerable profits due to increased operational efficiency and strong demand for chemical products that are made out of butadiene derivatives. As part of its strategy in 2024, including significant investments within the Permian Basin, the company is aiming at enhancing its production.
For instance Versum Materials acquired a high purity butadiene maker in September 2023.
In October 2023 Arkema launched a bio-based styrene-butadiene latex for sustainable alternatives.
June 2023: BASF joined hands with leading car manufacturers to integrate their butadiene-derived products into new vehicle models thus enhancing performance while maintaining environmental standards​. ​
In July 2022 Sinopec and INEOS Group revealed plans for three JV to increase petrochemical manufacturing in response to growing consumption in China. Within this arrangement, INEOS took over from Sinopec subsidiary SECCO Petrochemical Co. Ltd., one major butadiene producer, taking fifty percent ownership of it.
During June, 2022 Basf extended Licity anode binders for Li-ion battery manufacturing by launching second-generation Styrene-Butadiene Rubber (SBR) binder Licity 2698 X F. Such a binder enables Silicon contents exceeding 20%, which offers higher capacity, longer life cycle numbers and reduced charging time frames.
Furthermore ExxonMobil announced in February 2022 that it targets net-zero emissions by 2050, which included decreasing its butadiene derivatives’ output. This involved spending on carbon capture and storage technologies and low-carbon hydrogen production​.
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