Press release
Global Butadiene Market to Grow from USD 40.48 Billion in 2023 to USD 67.39 Billion by 2030 at 7.6% CAGR - Butadiene Market forecast
Butadiene market
According to Grand View Research, the global 1,3-butadiene market was valued at USD 40.48 billion in 2023 and is projected to reach USD 67.39 billion by 2030, growing at a CAGR of 7.6% during 2024-2030
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◉ Key Highlights
Market Size & CAGR: USD 40.48 billion (2023) projected to reach USD 67.39 billion by 2030; CAGR of 7.6%
Key Applications:
Butadiene rubber leads usage, accounting for ~29.8% of the market; predominantly used in tire manufacturing .
HMDA is the fastest-growing segment, driven by increasing demand in nylon-66 and textiles
Regional Leaders:
Asia-Pacific dominates the market and is expected to remain the growth epicenter, particularly in China and India .
North America shows strong gains, led by the U.S. automotive sector
Drivers: Rising automotive production, expanding tire demand, and growing markets for ABS and synthetic rubbers
Restraints: Volatility in crude oil prices and stringent environmental regulations pose pricing and supply chain challenges
Key Players: Notable companies include BASF, LyondellBasell, Lanxess, LG Chem, Evonik, Braskem, SABIC, TPC Group, Praxair India, and Haldia Petrochemicals
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◉ Body Content
Market Outlook
The global butadiene market is projected to grow from USD 40.48 billion in 2023 to USD 67.39 billion by 2030, marking a strong 7.6% CAGR . This growth is primarily driven by surging demand for synthetic rubbers in the automotive and tire industries, along with rising consumption of ABS plastics.
Application Segmentation
Butadiene Rubber (BDR): The largest end-use segment, crucial for tire manufacturing.
HMDA (Hexamethylenediamine): The fastest-growing segment, driven by its role in nylon-66 for textiles and industrial applications
Regional Insights
Asia-Pacific: Leads both in volume and growth trajectory, powered by rapid industrialization and automotive sector expansion in China, India, and neighboring economies
North America: Prominent market presence, largely driven by U.S. automotive demand and synthetic rubber consumption
Drivers & Restraints
Drivers: Automotive industry expansion, demand for high-performance synthetic materials, and growth in plastics production.
Restraints: Crude oil price volatility and environmental regulatory pressures hinder stable industry growth
Competitive Landscape
Key global producers-such as BASF, LyondellBasell, Lanxess, LG Chem, Evonik, Braskem, SABIC, and TPC Group-compete through production scale, technological innovation, and geographic reach
To learn more about the findings of this research, please check:https://www.maximizemarketresearch.com/market-report/butadiene-market/13584/
◉ Quote
"With automotive and synthetic rubber demand accelerating across emerging markets, the butadiene market forecast points to solid growth through 2030. Yet, managing feedstock volatility and adapting to evolving environmental norms will be critical for sustaining long-term advancement," said an industry analyst.
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