"Executive Summary 1, 3 Butadiene Market :

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

1, 3 Butadiene Market research report genuinely attempts to determine the impact of buyers, substitutes, new entrants, competitors, and suppliers on the market. Besides, the market report gives insights into revenue growth and sustainability initiative. With the global market data provided in this report, it has become easy to gain global perspective for the international business. The market report also performs study on production capacity, consumption, import and export for all major regions across the globe. An international 1, 3 Butadiene Market report aids to establish correlative relationship between the product brand and consumers’ needs and preferences.

The superior 1, 3 Butadiene Market report encompasses various segments related to industry and market with thorough research and analysis. All the data, statistics and information is backed up by well established analysis tools which include SWOT analysis and Porter’s Five Forces analysis. The report covers several market dynamics and also estimates the growth rate and the market value based on market dynamics and growth inducing factors. The data and information of the report not only helps business make data-driven decisions but also guarantees maximum return on investment (ROI). Clients can reveal best opportunities to be successful in the market with an excellent practice models and method of research used while generating a reliable 1, 3 Butadiene Market report.

Discover the latest trends, growth opportunities, and strategic insights in our comprehensive 1, 3 Butadiene Market report. Download Full Report: https://www.databridgemarketresearch.com/reports/global-1-3-butadiene-market

1, 3 Butadiene Market Overview

**Segments**

- **Type:** The global 1,3 butadiene market can be segmented based on type into polymer grade and chemical grade. Polymer grade butadiene is primarily used in the production of synthetic rubber, whereas chemical grade butadiene finds applications in the production of various chemicals.
- **Application:** In terms of application, the market can be segmented into synthetic rubber, latex, ABS resins, SB latex, and others. Synthetic rubber holds a significant share in the market owing to its extensive use in tire manufacturing.
- **End-Use Industry:** The end-use industry segment includes automotive, construction, consumer goods, and others. The automotive industry is a major consumer of 1,3 butadiene, primarily for tire production.

**Market Players**

- **SABIC**
- **LyondellBasell Industries Holdings B.V.**
- **Eni S.p.A**
- **Repsol**
- **Evonik Industries AG**
- **INEOS**
- **Royal Dutch Shell**
- **Exxon Mobil Corporation**
- **BASF SE**
- **Braskem**

The global 1,3 butadiene market is witnessing significant growth due to the rising demand for synthetic rubber in various end-use industries such as automotive, construction, and consumer goods. The polymer grade segment is expected to dominate the market as it is extensively used in the production of high-quality synthetic rubber products that find applications in tire manufacturing. Additionally, the chemical grade butadiene segment is also expected to witness substantial growth due to its use in the production of various chemicals.

Among the applications, synthetic rubber holds the largest market share owing to its wide-ranging applications in the automotive sector. The increasing demand for tires across the globe is a key factor driving the growth of the synthetic rubber segment. Moreover, the ABS resins and SB latex segments are also poised for growth due to the rising demand for these products in industries such as construction and consumer goods.

In terms of the end-use industry, the automotive sector accounts for a significant share in the 1,3 butadiene market. The use of synthetic rubber in tire manufacturing is a major driver for market growth. Furthermore, the construction industry's demand for ABS resins and SB latex is also contributing to the market expansion.

Overall, key players such as SABIC, LyondellBasell Industries Holdings B.V., and Eni S.p.A are actively involved in the global 1,3 butadiene market. These players are focusing on strategic initiatives such as mergers, acquisitions, and new product developments to strengthen their market presence and gain a competitive advantage.

The global 1,3 butadiene market is set to experience a robust growth trajectory driven by diverse factors. One of the significant drivers of market expansion is the increasing demand for synthetic rubber across various industries. The automotive sector, in particular, heavily relies on synthetic rubber for tire production, which is a key growth driver for the market. The construction industry's requirement for ABS resins and SB latex is also playing a crucial role in fueling market growth. These industries are witnessing a surge in demand for high-quality synthetic rubber products, thereby propelling the market forward.

In terms of segmentation based on type, both polymer grade and chemical grade butadiene play essential roles in different industries. Polymer grade butadiene is extensively utilized in the production of synthetic rubber, especially in the automotive sector for tire manufacturing. On the other hand, chemical grade butadiene finds applications in the manufacturing of various chemicals, thus catering to a different set of industries. The unique properties and versatility of butadiene make it a sought-after raw material in different applications, driving the growth of both segments in the market.

Another crucial aspect of the market worth highlighting is the presence of key players focusing on strategic initiatives. Companies such as SABIC, LyondellBasell Industries Holdings B.V., and Eni S.p.A are actively engaged in strengthening their market presence through mergers, acquisitions, and new product developments. These strategic moves not only enhance the competitiveness of these players but also drive innovation and market growth. Furthermore, collaborations and partnerships among market players are fostering technological advancements and the development of novel applications for 1,3 butadiene.

Looking ahead, the global 1,3 butadiene market is poised for continued growth, propelled by the steady demand from key end-use industries. The market players' concerted efforts towards innovation and expansion are expected to further drive market dynamics and foster a competitive landscape. With the increasing focus on sustainable practices and the development of eco-friendly products, the market is likely to witness evolving trends and opportunities for growth. Overall, the global 1,3 butadiene market presents a promising outlook, characterized by innovation, strategic collaborations, and a growing demand across diverse industries.The global 1,3 butadiene market is poised for significant growth driven by the escalating demand for synthetic rubber in key industries such as automotive, construction, and consumer goods. The dominance of the polymer grade segment is evident as it caters to the production of high-quality synthetic rubber products crucial for tire manufacturing in the automotive sector. Moreover, the chemical grade butadiene segment is also anticipated to witness substantial growth due to its versatile applications in the production of various chemicals across different industries.

Within the applications segment, synthetic rubber remains a standout due to its widespread use in the automotive industry, particularly in tire manufacturing. The surging global demand for tires is a primary factor fueling the growth of the synthetic rubber segment. Additionally, the ABS resins and SB latex segments are also anticipated to experience growth momentum owing to increasing usage in sectors such as construction and consumer goods, indicating a positive outlook for the market.

In terms of end-use industries, the automotive sector emerges as a significant consumer of 1,3 butadiene, primarily driven by the tire manufacturing process that heavily relies on synthetic rubber. Furthermore, the construction industry's demand for ABS resins and SB latex further contributes to the market expansion. The steady growth and evolving demands from these key end-use industries underscore the promising outlook for the 1,3 butadiene market.

Key market players such as SABIC, LyondellBasell Industries Holdings B.V., and Eni S.p.A are actively engaged in strategic initiatives to solidify their market presence and gain a competitive edge. Through mergers, acquisitions, and new product developments, these industry players are actively shaping the market landscape to capture new growth opportunities and enhance their market position. Additionally, collaborations and partnerships among market players are fostering innovation and technological advancements in the field of 1,3 butadiene, further underlining the dynamic nature of the market.

Looking ahead, the global 1,3 butadiene market is poised for continued growth, supported by increasing demand from key end-use industries and ongoing efforts towards innovation and sustainability. The market's landscape is expected to witness further evolution driven by technological advancements and the development of eco-friendly products. Overall, the future of the global 1,3 butadiene market appears promising, characterized by a blend of innovation, strategic collaborations, and a growing demand across diverse industries.

The 1, 3 Butadiene Market is highly fragmented, featuring intense competition among both global and regional players striving for market share. To explore how global trends are shaping the future of the top 10 companies in the keyword market.

Learn More Now: https://www.databridgemarketresearch.com/reports/global-1-3-butadiene-market/companies

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Regional Analysis/Insights

• The 1, 3 Butadiene Market is analyzed and market size insights and trends are provided by country, component, products, end use and application as referenced above.
• The countries covered in the 1, 3 Butadiene Market reportare U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
• North America dominatesthe 1, 3 Butadiene Market because of the region's high prevalence 1, 3 Butadiene Market
• Asia-Pacific is expectedto witness significant growth. Due to the focus of various established market players to expand their presence and the rising number of surgeries in this particular region.

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