Butadiene Extraction Market size is anticipated to grow at substantial growth rate during the forecast period i.e., between 2024-2036. The growth of the market can be attributed to the increasing use of butadiene for making synthetic rubber, and thermoplastics. Butadiene is a highly flammable gas, which is extracted from heavier hydrocarbons. The growing demand for butadiene amongst various sectors, especially automotive sector, is estimated to primarily boost the market growth. Butadiene is used to make tires for vehicles, along with its extensive use as adhesive in automobiles. Such factors are estimated to raise the demand for butadiene extraction. Moreover, growing production and sales of automobiles, across the globe, is further anticipated to promote the butadiene extraction market growth. According to the data by the International Energy Agency (IEA), in 2019, the total car sales reached 25 million cars in China, 17 million in United States, 4 million in India, 17 million in European Union, 4 million in Japan, and 21 million in the rest of the world.
Growth Drivers
Challenges
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2023 |
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Forecast Year |
2024–2036 |
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Regional Scope |
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The market is segmented by process into catalytic dehydrogenation, aqueous NMP, Houdry catadiene, and others, out of which, the Houdry catadiene segment is anticipated to hold the notable share in the global butadiene extraction market over the forecast period. Houdry catadiene is one of the most common extraction process, owing to its high commercial viability. This process includes catalytic oxy-dehydrogenation of n-butene to butadiene using aluminum silicate catalysts. The low cost and high production scale of Houdry catadiene is estimated to boost the segment growth.
Our in-depth analysis of the global market includes the following segments:
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By Process |
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By Application |
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By End-User |
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On the basis of geographical analysis, the global butadiene extraction market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America industry is predicted to hold largest revenue share by 2036, driven by increasing demand of butadiene in the automotive industry. Presence of major automobile manufacturers in the region, is also anticipated to boost the market growth.
The market in the Asia Pacific region is anticipated to gain the largest market share throughout the forecast period on the back of presence of major chemical manufacturing companies, backed by availability of cheap labor and raw materials in the developing countries. Meanwhile, increasing domestic consumption of chemicals in the region, is also estimated to boost the market growth. For instance, China is the largest manufacturer and consumer of chemicals, with more than 25,000 large scale chemical companies in the country.
November, 2021: Asahi Kasei Corporation to produce sustainable solution-polymerized styrene-butadiene rubber (S-SBR) using the sustainable butadiene.
October, 2021: Shell Oil Products US announced the acquisition of Texas Petroleum Group, LLC, to grow the company-owned retail sites in the U.S.
Author Credits: Rajrani Baghel
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