1 3 Butadiene Market Regional Analysis:
Asia Pacific Market Insights
Asia Pacific is expected to account for the largest revenue share of 35% by the end of 2034, backed by increasing production and trade activities in China, India, and South Korea. According to the Observatory of Economic Complexity, China and South Korea were one of the top 1,3 butadiene exporters between 2021 and 2022. China, India, Japan, and South Korea are among the world’s top automobile manufacturers, driving the demand for synthetic rubber used in automotive parts. In addition, the rising government-led infrastructure projects, smart city initiatives, and growing demand for consumer goods and electronics are expected to boost 1,3 butadiene market growth in APAC.
In India, the rapidly expanding automotive industry and the rising sales of electric vehicles are expected to propel the demand for 1,3 butadiene and its derivates. The increasing construction activities in many parts of the country, growing demand for consumer goods and electronics, and rising buying capacity are expected to fuel 1,3 butadiene market growth during the forecast period.
North America Market Insights
North America is poised to register rapid revenue growth between 2025 and 2034 owing to the strong automotive and tire industry, rising adoption n of electric vehicles, and the presence of a leading tire manufacturing hub. Chemical companies such as ExxonMobil, Chevron Philips, Shell, Dow, and LyondellBasell are some of the major producers of 1,3 butadiene and its derivatives. These key players are constantly investing in R&D activities to develop products at lower prices to cater to rising demand.
The 1,3 butadiene market in the U.S. is expected to expand at a rapid pace owing to rising demand from several sectors, including automotive and tire, consumer goods, and packaging, and the presence of robust industry giants. Moreover, rising green building initiatives, housing and commercial projects, and high focus on bio-based butadiene are expected to influence the 1,3 butadiene market dynamics going ahead.
