According to a report published by Grand View Research, Inc.; the butadiene market is expected to reach a valuation of around USD 33.01 billion by 2020.
Increasing demand for tiers in OEM as well as replacements due to growing automotive industry especially in emerging countries can drive the market over the forecast period (2012 to 2020).
The product acts as a predecessor to various processing materials and chemicals. Its key derivatives include styrene butadiene rubber and acrylonitrile butadiene styrene (ABS), which are extensively utilized in automotive industry in the making of tires and other components. Additionally, growing use in the manufacturing of consumer products is likely to support the market growth in the coming years.
However, product maturity along with fluctuating raw material prices can restrain the market. Establishment of stringent regulatory policies by regulatory authorities for maintaining safety standards in industries due to rise in health concerns is also expected to have negative impact on the market. Also, the industry is concentrating more on the development of bio-based alternative to overcome this problem.
Worldwide butadiene market can be segmented on the basis of application, and region.
Based on application, the market can be bifurcated into butadiene rubber, acrylonitrile butadiene styrene resins (ABS), styrene butadiene rubber (SBR), SB latex, nitrile butadiene rubber (NBR), hexamethylenediamine (HMDA), and others.
Full Research Report On 1,3 Butadiene (BD) Market Analysis: www.grandviewresearch.com/industry-analysis/butadiene-market
Global 1,3 butadiene market volume share by region, 2013
In 2013, the butadiene rubber segment was the leading segment and occupied 30.8% of the overall market. The segment is mainly driven by the global tire industry as two third of butadiene rubbers are utilized in tire manufacturing.
The hexamethylenediamine (HMDA) segment is likely to display rapid growth at an estimated CAGR of 6.8% during 2014 to 2020. Increasing demand for nylon 66 resin in main end-use industries including electronics and automotive is anticipated to spur the product demand in HMDA. Other segments are also expected to show considerable demand.
The ABS as a terpolymer is utilized for manufacturing lightweight electrical resistance products. The SBR is obtain through polymerization of styrene and butadiene monomers. It is widely utilized in rubber-based products and in adhesives and sealants as a modifier due to its high strength, abrasion resistance, and viscosity. SB latex is a water-based emulsion copolymer, which is made of styrene abd BD. It is utilized in coated papers and carpet back coatings due to its high adhesive strength and elasticity. NBR is widely accepted in automotive and aeronautical industries for manufacturing oil handling hoses, grommets, and sealants.
Geographically, the market can be divided into North America, Asia Pacific, Europe, and Rest of the World.
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Asia Pacific is expected to be the major regional market due to presence of countries such as China and India being the key manufacturers and thriving automotive industry in these countries. Asia Pacific estimated for over 56.6% of overall market volume. The region is projected to grow at a CAGR of 5.5% from 2014 to 2020. Growth of end-use industries such as automotive and consumer products and building and construction is expected boost the market in this region.
The naphtha is considered as the main petrochemical feedstock for the manufacture of BD. Though, development of coal-based ammonia and methanol settings in Asia is anticipated to provide other sources for the making of 1,3 butadiene.
Increasing demand for elastomers in the tier and other downstream application is expected to fuel the product demand in North America and Europe.
In 2013, North America appeared as the second largest market and captured 23.6% of the overall volume. RoW is also anticipated to exhibit significant growth due to growth in automotive, construction, and other end-user industries in countries including Argentina, Brazil, and South Africa. Latin America and Middle East are anticipated to expand at a CAGR of 8% during 2014 to 2020 due to booming end-use industries including automotive and construction.
Some of the leading companies operating in the market include TPC Group Inc.; Royal Dutch Shell Plc.; Nizhnekamskneftekhim OAO; LyondellBasell Industries N.V.; and ExxonMobil Chemical Company.
Grand View Research has segmented the 1,3 butadiene market on the basis of application and region:
Global 1,3 Butadiene Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
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Butadiene Rubber
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Acrylonitrile Butadiene Styrene Resins (ABS)
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Styrene Butadiene Rubber (SBR)
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SB Latex
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Nitrile Butadiene Rubber (NBR)
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Hexamethylenediamine (HMDA)
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Others
Global 1,3 Butadiene Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
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North America
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Europe
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Asia Pacific
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RoW
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