1,3 Butadiene Market Share

Regionally, the global 1,3 butadiene market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2036 backed by the increasing production and trade of tyre rubber. As per the ITC data, tyre rubber exports in China in 2021 were valued at USD 24,765 thousand, up from USD 22,490 thousand the previous year. Moreover, the increasing R&D investments in industrial sectors, rising vehicle production, and rapid growth in the automobile industry along with the presence of market key players in the region are anticipated to drive 1,3 butadiene market growth in Asia Pacific over the forecast period.