"Executive Summary 1, 3 Butadiene Market Size and Share Forecast

CAGR Value

Data Bridge Market Research analyses that the 1, 3 butadiene market was valued at USD 34.99 billion in 2021 and is expected to reach USD 55.77 billion by 2029, registering a CAGR of 6.00% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Complex market insights are represented in a simpler version in the world class 1, 3 Butadiene Market report for the better understanding of end user where most advanced tools and techniques are utilized. The report takes into account several markets internationally including Asia, North America, South America, and Africa in accord with the client’s needs to give them the best possible solutions and detailed information about the market trends. A huge number of top competitors are considered in the steadfast 1, 3 Butadiene Market research report to present the insights on strategic industry analysis of the key factors influencing the market.

The top notch 1, 3 Butadiene Market business report includes estimations of recent state of the market, CAGR values, market size and market share, revenue generation, and necessary changes required in the future products. This market research report is a brilliant guide for actionable ideas, improved decision-making and better business strategies. The market report has information and data in the form of charts, tables and graphs that can be easily understood by the businesses. The market studies, insights and analysis included in 1, 3 Butadiene Market research document keeps marketplace clearly into the focus with which it gets easy to reach to the business goals.

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1, 3 Butadiene Market Review

Segments

- By Production Process
- Oxidative Dehydrogenation
- Steam Cracker
- Butane Dehydrogenation

- By Application
- Styrene Butadiene Rubber (SBR)
- Polybutadiene (PBR)
- Acrylonitrile Butadiene Styrene (ABS)
- Styrene Butadiene Latex (SBL)
- Adiponitrile
- Others

- By End-Use Industry
- Automotive
- Construction
- Consumer Goods
- Chemical
- Others

Market Players

- INEOS
- SABIC
- Evonik Industries AG
- Royal Dutch Shell Plc
- LyondellBasell Industries Holdings B.V.
- Showa Denko K.K.
- ENI S.p.A.
- Reliance Industries Limited
- JSR Corporation
- Braskem

The global 1,3 Butadiene market is segmented based on production process, application, and end-use industry. Concerning the production process, the market is categorized into oxidative dehydrogenation, steam cracker, and butane dehydrogenation. The oxidative dehydrogenation process involves the conversion of butenes into butadiene, the steam cracker involves cracking of naphtha or gas oil to produce butadiene, and butane dehydrogenation implies the dehydrogenation of butane to generate butadiene. In terms of application, 1,3 Butadiene finds its usage in various industries such as styrene butadiene rubber (SBR), polybutadiene (PBR), acrylonitrile butadiene styrene (ABS), styrene butadiene latex (SBL), adiponitrile, and others. Moreover, the end-use industries for 1,3 Butadiene include automotive, construction, consumer goods, chemical, and others.

Several key players operate in the global 1,3 Butadiene market, including INEOS, SABIC, Evonik Industries AG, Royal Dutch Shell Plc, LyondellBasell Industries Holdings B.V., Showa Denko K.K., ENI S.p.A., Reliance Industries Limited, JSR Corporation, and Braskem. These companies play a significant role in the market by offering a wide range of 1,3 Butadiene products and catering to the diverse needs of different industries. They focus on strategic initiatives such as mergers & acquisitions, product developments, collaborations, and expansions to strengthen their market presence and gain a competitive edge.

[Link to the report: ]The global 1,3 Butadiene market is poised for significant growth in the coming years, driven by the increasing demand for synthetic rubbers and polymers across various end-use industries. One of the key trends shaping the market is the rising adoption of 1,3 Butadiene in the automotive sector, primarily for the production of tires, hoses, belts, and other automotive components. The automotive industry's continuous expansion and technological advancements are fueling the demand for high-performance materials like SBR and PBR, where 1,3 Butadiene plays a crucial role.

Moreover, the construction industry is another vital segment driving the demand for 1,3 Butadiene. The versatility of polymers derived from 1,3 Butadiene, such as ABS and SBL, makes them ideal for various construction applications, including pipes, fittings, insulation materials, and flooring. As the construction sector witnesses robust growth worldwide, especially in emerging economies, the demand for 1,3 Butadiene is expected to surge significantly.

In the consumer goods sector, 1,3 Butadiene finds extensive applications in the production of various products, including footwear, sporting goods, adhesives, and sealants. The unique properties of Butadiene-based polymers make them preferred choices for consumer goods manufacturers looking to enhance product performance and durability. With the global consumer goods market evolving rapidly and consumers seeking advanced and sustainable products, the demand for 1,3 Butadiene is likely to witness a steady rise in the coming years.

Furthermore, the chemical industry is a crucial end-use sector for 1,3 Butadiene, where it is used in the production of vital chemicals such as adiponitrile. Adiponitrile is a key precursor for the production of nylon-6,6, a versatile polymer with applications in textiles, automotive components, and engineering plastics. As the chemical industry continues to innovate and develop new materials to meet dynamic market demands, the demand for 1,3 Butadiene is expected to remain strong.

Overall, the global 1,3 Butadiene market is characterized by intense competition among key players striving to enhance their product offerings, expand their market reach, and gain a competitive edge. Strategic initiatives such as mergers, acquisitions, partnerships, and investments in research and development are likely to drive innovation and propel market growth. With increasing focus on sustainability and environmental regulations, the development of bio-based 1,3 Butadiene products could emerge as a key trend shaping the market landscape in the near future.

In conclusion, the global 1,3 Butadiene market is poised for steady growth driven by the robust demand from key end-use industries such as automotive, construction, consumer goods, and chemical. Key players in the market are expected to focus on innovation, sustainability, and strategic collaborations to capitalize on emerging opportunities and stay ahead in the competitive landscape.The global 1,3 Butadiene market is witnessing a steady growth trajectory propelled by the escalating demand for synthetic rubbers and polymers in various end-use industries worldwide. With the market segmented based on production processes, applications, and end-use industries, the versatility of 1,3 Butadiene is evident in its broad applications spectrum. From its use in styrene butadiene rubber (SBR) and polybutadiene (PBR) in the automotive sector to its applications in acrylonitrile butadiene styrene (ABS) and styrene butadiene latex (SBL) in the construction industry, the market exhibits a diverse range of opportunities for market players.

Furthermore, the consumer goods sector presents a significant avenue for the utilization of 1,3 Butadiene in various products like footwear, sporting goods, adhesives, and sealants. The unique properties of Butadiene-based polymers make them highly desirable for manufacturers seeking to enhance product performance and durability. As consumer preferences shift towards more advanced and sustainable products, the demand for 1,3 Butadiene in this sector is projected to continue on an upward trajectory.

In the chemical industry, 1,3 Butadiene plays a crucial role in the production of adiponitrile, a key precursor for nylon-6,6, a versatile polymer with multiple applications. The chemical industry's constant drive for innovation to meet evolving market demands underscores the significance of 1,3 Butadiene in this sector. The ongoing focus on developing new materials and complying with environmental regulations is expected to sustain the demand for 1,3 Butadiene in the chemical industry.

The competitive landscape of the global 1,3 Butadiene market is characterized by key players implementing strategic initiatives such as mergers, acquisitions, partnerships, and investments in research and development to enhance their market positioning and foster innovation. As the market witnesses advancements in sustainability practices and a growing emphasis on bio-based products, the development of bio-based 1,3 Butadiene alternatives could emerge as a prominent trend shaping the market dynamics in the near future.

Overall, the global 1,3 Butadiene market is poised for continued growth driven by the substantial demand from pivotal end-use industries and the strategic maneuvers of market players to stay competitive. The market's evolution is likely to be influenced by technological advancements, regulatory frameworks, and changing consumer preferences, paving the way for new opportunities and challenges in the market landscape.

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Structured Market Research Questions for 1, 3 Butadiene Market

• What was the market valuation of the 1, 3 Butadiene Market last year?
• What growth rate is forecasted for the next five years?
• What are the top segments classified by function or service?
• Which firms are shaping the future of this 1, 3 Butadiene Market?
• What product expansions are most noteworthy?
• Which countries have high-quality data coverage in the 1, 3 Butadiene Market report?
• What region is outperforming in demand increase?
• Which country leads in adoption of keyword-related products?
• What region has the highest penetration rate?
• What demand-side drivers are at play?

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