The global Butadiene Market size stood at USD 16.9 Billion, and it is projected to attain USD 18.5 Billion by 2032. During the forecast period, a significant compound annual growth rate (CAGR) of 3.8% is expected in terms of revenue.

The upsurge in the need for synthetic rubber and butadiene-derived products in various sectors like construction and automotive, alongside the growing adoption of bio-based butadiene, constitutes the primary drivers of the market's revenue expansion.

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Major Companies:

• LyondellBasell Industries Holdings B.V.
• The Dow Chemical Company
• Lanxess AG
• Shell Chemicals
• INEOS Group AG
• Eni S.p.A.
• Evonik Industries AG
• JSR Corporation
• SABIC
• TPC Group

Strategic Development:

• In 2021, Eni S.p.A. and Versalis (Eni's chemical company) signed a Memorandum of Understanding with Versalis and Bridgestone for the supply of synthetic rubber. The agreement includes the construction of a renewable source-based butadiene production plant, aimed at increasing the sustainable production of synthetic rubber.
• In 2020, Lanxess AG announced the construction of a new butyl rubber plant in Singapore, with a capacity of 100,000 metric tons per year. The plant is expected to begin operations in 2023 and will cater to the growing demand for high-quality butyl rubber products in the Asia-Pacific region.
• In 2020, LyondellBasell Industries Holdings B.V. announced its plan to build a new Propylene oxide and tertiary butyl alcohol (PO/TBA) plant in the US Gulf Coast region. The plant will have a capacity of 470 kilotons per year and will be the largest PO/TBA facility in the world.

 Key questions addressed in the report:

• What is the expected market size of the global Butadiene market during the forecast period?
• What CAGR is the global market expected to register during the forecast period?
• Which key factors are expected to boost global market growth between 2021 and 2028?
• What are the key restraints that are expected to hamper global market growth?
• Which regional market is expected to register robust CAGR during the forecast period?
• Which key players are operating the global Butadiene market?

Butadiene Market Segmentation:

By Type Outlook: 

• Synthetic
• Bio-Based

By Application Outlook: 

• Rubber and Polymer
• Chemical
• Others

Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

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