1,3 Butadiene Market Size, Share & Trends Analysis Report By Application (SBR, Butadiene Rubber, SB Latex, ABS, HMDA, NBR, Others), By Region, And Segment Forecasts, 2024 - 2030

1,3 Butadiene Market Size, Share & Trends Analysis Report By Application (SBR, Butadiene Rubber, SB Latex, ABS, HMDA, NBR, Others), By Region, And Segment Forecasts, 2024 - 2030

1,3 Butadiene Market Growth & Trends

The global 1,3 butadiene market size is expected to reach USD 67.39 billion by 2030, registering a CAGR of 7.6% during the forecast period, according to a new report by Grand View Research, Inc. Growing demand for tires (both OEM and replacement) on account of an upturn in the automotive industry, particularly in China, India, and Brazil, is expected to remain a key driving factor for the global market. In addition, growing demand for ABS on account of increasing demand for high-performance plastics from the automotive industry is also expected to have a positive influence on the global market. Volatile raw material prices coupled with the stringent regulatory scenario is expected to remain key challenges for market participants. In order to overcome such challenges, the industry has shifted its focus towards developing bio-based routes to manufacture 1,3 butadiene.

Butadiene rubber emerged as the leading application segment for BD and accounted for 29.8% of total market volume in 2023. More than two-thirds of butadiene rubber goes for manufacturing tires, thus global tire industry dynamics are a key factor for the growth of this market. HMDA (hexamethylenediamine) is expected to be the fastest-growing application market for BD, at an estimated CAGR of 10.1% over the forecast period. Growing demand for nylon 66 resin in major end-use industries such as automotive and electronics is expected to fuel the demand for BD in HMDA.

1,3 Butadiene Market Report Highlights

• Global 1,3 Butadiene market size was USD 40.48 billion in 2023 and is expected to reach USD 67.39 billion by 2030, growing at a CAGR of 7.6% from 2024 to 2030.
• Asia Pacific emerged as the largest regional market for 1,3 Butadiene. Growth of the automotive industry particularly in emerging markets of China and India is expected to remain a key driving factor for the regional market.
• Growth of major end-use industries such as automotive and construction in Latin America and Middle East is expected to push BD demand for these regions.

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