Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Butadiene Extraction Market size is anticipated to grow at substantial growth rate during the forecast period i.e., between 2025-2037.
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.
