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1,3 Butadiene Market Share

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Report ID: 447
Published Date: Nov 27, 2024
Report Format: PDF, PPT

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1,3 Butadiene Market Share

Asia Pacific industry is expected to hold largest revenue share of 35% by 2037 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.

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1,3 Butadiene Market Size & Share, Growth Forecasts 2037

Author Credits: Rajrani Baghel

Report ID: 447
Published Date: Nov 27, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of 1, 3 butadiene is evaluated at USD 2.98 billion.

The 1, 3 butadiene market size was valued at USD 2.84 billion in 2024 and is expected to reach USD 6.28 billion by 2037, expanding at around 6.3% CAGR during the forecast period i.e., between 2025-2037. Rapid expansion of automotive sector, rising disposable income along with surge in exports of butadiene rubber worldwide will boost the market growth.

Asia Pacific industry is expected to hold largest revenue share of 35% by 2037, driven by increasing production and trade of tyre rubber.

The major players in the market are BASF S.E., Braskem S.A, Exxon Mobil Chemical Company, S&P Global Inc., Lyondell Basell Industry N.V., Royal Dutch Shell PLC., DYNASOL Group, TPC Group Incorporation, Nizhnekamskneftekhim O.A.O, Lanxess A.G.

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