1,3 Butadiene Market Size

1,3 Butadiene Market size was valued at USD 2.66 Billion in 2023 and is expected to exceed USD 5.96 Billion by the end of 2036, expanding at over 6.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of 1,3 butadiene is evaluated at USD 2.81 Billion. The growth of the market can be attributed primarily to the increasing production of motor vehicles worldwide, as 1,3 butadiene offers elastomers which are highly used in the production of tires. A report by OICA reveals that the production of motor vehicles worldwide increased from 58374162 units in 2000 to 91786861 units in 2019.

The chemical compound 1,3-butadiene is a colorless, synthetic gas or liquid that is useful as a chemical intermediate or monomer (molecules that form polymers when attached to others). It is widely used in the manufacture of synthetic rubbers or elastomers and is highly soluble in ethanol, ether, acetone, and benzene, but highly insoluble in water. Moreover, the extensive use of product in end use industries such as automobile, construction, healthcare, and expansion of chemical industry are projected to drive 1,3 butadiene market growth during the forecast period. According to estimates, the Indian chemical industry is projected to grow by 10% and reach USD 300 billion in revenue by 2025.