Butadiene Market Analysis

ID: MRFR/CnM/10963-HCR

200 Pages

Chitranshi Jaiswal

October 2025

Butadiene Market Research Report By Application (Synthetic Rubber, Acrylonitrile Butadiene Styrene, Butadiene Rubber, Latex), By End Use (Automotive, Footwear, Textiles, Consumer Goods), By Production Method (Steam Cracking, Dehydrogenation, Extraction, Catalytic Cracking), By Purity Level (Standard Butadiene, High Purity Butadiene, Technical Grade Butadiene) and By Regional (North America, Eur...

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Market Analysis

In-depth Analysis of Butadiene Market Industry Landscape

One of the major drivers that impact the Butadiene market is global economy. Economic growth or downturns in major economies directly affect the demand for Butadiene. Expanded economies mean more automobiles, tires and other consumer goods, thus more demand for Butadiene. Conversely, during an economic downtown manufacturing activities decrease leading to reduced demand for products derived from Butadiene. This means that variations in global economic cycle have significant effects on fluctuations within the global butadiene market.

The dynamics of the butadiene market are also influenced by technological advancements. Continuous innovations in production processes and catalyst technologies have an impact on the efficiency and cost-effectiveness of butadiene production. Research and development advances also result in more sustainable and environmentally friendly ways of manufacturing butadiene, which is a big concern considering its environmental impacts. These shifts in technology not only determine how much it will cost to produce butadiene but also influence its competitiveness in the market.

In particular, the dynamics of end-user industries such as automobile and tire sectors influence a lot on the dynamics of the Butadiene market. The demand for butadiene is highly affected by the automotive industry as it accounts for most consumers of synthetic rubber products. Also, cases like change of consumer tastes, state legislations that deal with vehicle emissions, and global electric vehicle trends will affect demand for goods from Butadiene respectively. Tire industry is another big player consuming huge amounts of Butadiene; it depends on tire replacement cycles, global tire demand and latest changes taking place in tire technology.

Besides, geopolitics and trading dynamics are key drivers that shape Butadine market trends . This changes affects not just availability or materials but their costs . Any supply chain disturbances can compromise the stability of this global system.

Also, there is growth in influence of environmentalism on market forces which affect developments related to Butadine. Environmental regulations together with increasing alarm about climate change have forced manufacturers to look into cleaner options including greenness practices. For instance recent developments in waste disposal systems have led to adoption bio-based feedstocks while recycling offerings now include closed-loop designs as well

Market Highlights

Author

Chitranshi Jaiswal

Research Analyst Level I

In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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FAQs

What is the current valuation of the Butadiene Market as of 2024?

The Butadiene Market was valued at 12.93 USD Billion in 2024.

What is the projected market valuation for Butadiene in 2035?

The market is projected to reach 35.46 USD Billion by 2035.

What is the expected CAGR for the Butadiene Market during the forecast period 2025 - 2035?

The expected CAGR for the Butadiene Market during 2025 - 2035 is 9.6%.

Which companies are considered key players in the Butadiene Market?

Key players in the Butadiene Market include LyondellBasell Industries, Shell Chemicals, Braskem, and others.

What are the main application segments of the Butadiene Market?

The main application segments include Synthetic Rubber, Acrylonitrile Butadiene Styrene, Butadiene Rubber, and Latex.

How does the automotive sector influence the Butadiene Market?

The automotive sector is projected to grow from 4.0 USD Billion to 10.5 USD Billion, indicating its significant influence.

What production methods are utilized in the Butadiene Market?

Production methods include Steam Cracking, Dehydrogenation, Extraction, and Catalytic Cracking.

What purity levels of Butadiene are available in the market?

Available purity levels include Standard Butadiene, High Purity Butadiene, and Technical Grade Butadiene.

How does the footwear industry impact the Butadiene Market?

The footwear industry is expected to grow from 2.5 USD Billion to 6.5 USD Billion, reflecting its impact.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per MRFR analysis, the Butadiene Market Size was estimated at 12.93 USD Billion in 2024. The Butadiene industry is projected to grow from 14.17 USD Billion in 2025 to 35.46 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 9.6 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Butadiene Market is currently experiencing a dynamic shift driven by sustainability and technological advancements.

North America remains the largest market for butadiene, primarily due to its robust automotive sector.
Asia-Pacific is emerging as the fastest-growing region, fueled by increasing industrialization and urbanization.
The synthetic rubber segment dominates the market, while the latex segment is witnessing rapid growth due to rising demand in various applications.
Key market drivers include the rising demand for synthetic rubber and the expansion of the chemical industry, which are shaping market dynamics.

Market Size & Forecast

2024 Market Size	12.93 (USD Billion)
2035 Market Size	35.46 (USD Billion)
CAGR (2025 - 2035)	9.6%
Largest Regional Market Share in 2024	Asia Pacific

Major Players

LyondellBasell Industries (US), Shell Chemicals (GB), Braskem (BR), Reliance Industries (IN), SABIC (SA), ExxonMobil Chemical (US), TPC Group (US), LG Chem (KR), Mitsui Chemicals (JP)

Market Trends

The Butadiene Market is currently experiencing a dynamic phase characterized by evolving demand patterns and shifting production methodologies. The increasing utilization of butadiene in the manufacture of synthetic rubber and various plastics is driving growth. Additionally, the automotive sector's ongoing transition towards more sustainable materials appears to be influencing the market landscape. As industries seek to reduce their carbon footprints, the Butadiene Market is likely to adapt, potentially leading to innovations in production processes and applications. Moreover, geopolitical factors and regulatory frameworks are shaping the operational environment for butadiene producers. Trade policies and environmental regulations may impose challenges, yet they also present opportunities for companies to innovate and enhance their sustainability practices. The interplay between supply chain dynamics and technological advancements suggests that the Butadiene Market is poised for transformation, with stakeholders needing to remain agile in response to these changes.

Sustainability Initiatives

The Butadiene Market is witnessing a notable shift towards sustainability, as manufacturers increasingly prioritize eco-friendly practices. This trend is driven by consumer demand for greener products and regulatory pressures aimed at reducing environmental impact. Companies are exploring alternative feedstocks and innovative production techniques that minimize carbon emissions, thereby aligning with global sustainability goals.

Technological Advancements

Technological innovation is playing a crucial role in the evolution of the Butadiene Market. Advances in extraction and processing technologies are enhancing efficiency and reducing costs. These developments not only improve production capabilities but also enable the creation of higher-quality butadiene, which is essential for meeting the diverse needs of various industries.

Market Diversification

The Butadiene Market is experiencing diversification in its applications, extending beyond traditional uses in rubber and plastics. Emerging sectors, such as bio-based materials and specialty chemicals, are increasingly incorporating butadiene, thereby broadening its market reach. This diversification may provide resilience against market fluctuations and open new avenues for growth.

Butadiene Market Market Drivers

Growth in Plastics Production

The Butadiene Market is significantly influenced by the growth in plastics production, particularly in the manufacturing of polystyrene and acrylonitrile-butadiene-styrene (ABS) plastics. These materials are widely utilized in various applications, including consumer goods, electronics, and construction. The increasing demand for lightweight and durable plastic products is driving the expansion of the plastics market, which is expected to witness a CAGR of around 5% in the coming years. As butadiene serves as a key feedstock in the production of these plastics, the growth in the plastics sector is likely to bolster the Butadiene Market, creating new opportunities for manufacturers and suppliers alike.

Expansion of the Chemical Industry

The Butadiene Market is poised for growth due to the ongoing expansion of the chemical industry. As various sectors, including automotive, construction, and consumer goods, continue to evolve, the demand for chemical intermediates, including butadiene, is expected to rise. The chemical industry is projected to grow at a CAGR of approximately 3.5% over the next several years, driven by innovations and increased production capacities. This expansion is likely to create a favorable environment for the Butadiene Market, as manufacturers seek to meet the rising demand for butadiene-derived products, thereby enhancing market dynamics and competitive positioning.

Rising Demand for Synthetic Rubber

The Butadiene Market is experiencing a notable increase in demand for synthetic rubber, primarily driven by the automotive and tire manufacturing sectors. Synthetic rubber, which is derived from butadiene, is essential for producing tires that offer enhanced performance and durability. As the automotive industry continues to expand, particularly in emerging markets, the demand for high-quality synthetic rubber is expected to rise. Reports indicate that The Butadiene is projected to grow at a compound annual growth rate (CAGR) of approximately 4.5% over the next few years. This growth in synthetic rubber consumption directly correlates with the increasing production of vehicles, thereby propelling the Butadiene Market forward.

Increasing Focus on Sustainable Practices

The Butadiene Market is witnessing a shift towards sustainable practices, driven by growing environmental concerns and regulatory pressures. Companies are increasingly adopting eco-friendly production methods and exploring bio-based alternatives to traditional butadiene sources. This trend is likely to reshape the market landscape, as consumers and manufacturers alike prioritize sustainability in their purchasing decisions. The rise of green chemistry and the development of renewable feedstocks are expected to create new opportunities within the Butadiene Market. As sustainability becomes a key driver of innovation, companies that embrace these practices may gain a competitive edge, further influencing market dynamics.

Technological Innovations in Production Processes

Technological innovations in production processes are playing a crucial role in shaping the Butadiene Market. Advances in extraction and refining technologies are enabling more efficient and cost-effective production of butadiene. For instance, the development of new catalytic processes and the optimization of existing methods are likely to enhance yield and reduce waste. These innovations not only improve the economic viability of butadiene production but also align with sustainability goals by minimizing environmental impact. As these technologies become more widely adopted, they are expected to drive growth in the Butadiene Market, allowing producers to meet the increasing demand while adhering to stricter environmental regulations.

Market Segment Insights

By Application: Synthetic Rubber (Largest) vs. Latex (Fastest-Growing)

In the Butadiene Market, the application segment is dominated by Synthetic Rubber, which holds the largest share due to its extensive use in various industries such as automotive and construction. Following closely are Acrylonitrile Butadiene Styrene and Butadiene Rubber, which are significant contributors to the market but lag behind Synthetic Rubber in overall demand. Latex is emerging as a notable player in the segment, driven by its adaptability and increasing usage in consumer products and industrial applications.

Acrylonitrile Butadiene Styrene (Dominant) vs. Butadiene Rubber (Emerging)

Acrylonitrile Butadiene Styrene (ABS) is a dominant application segment within the Butadiene market, recognized for its robustness and versatility in manufacturing durable consumer goods, electronics, and automotive components. Its superior strength and impact resistance make it preferable in various applications. On the other hand, Butadiene Rubber, while currently emerging, is gaining traction in tire manufacturing and automotive sectors due to its excellent flexibility and resilience, offering significant growth potential as the demand for high-performance rubber products increases.

By End Use: Automotive (Largest) vs. Footwear (Fastest-Growing)

The Butadiene market is significantly influenced by its various end-use segments, with the automotive industry holding the largest share. This segment is characterized by the extensive use of butadiene in manufacturing synthetic rubber for tires, reinforced plastics, and automotive components. In contrast, the footwear segment, while smaller in size, is rapidly growing due to increasing demand for durable and comfortable footwear, leveraging butadiene's properties. The textiles and consumer goods sectors also contribute to the market but do not match the scale of automotive applications. Growth trends in the butadiene market were driven by robust automotive production and rising consumption of synthetic rubber in emerging economies. The footwear segment's growth is further spurred by consumer trends toward sports and lifestyle footwear, which require flexibility and durability, making butadiene an ideal polymer choice. Additionally, innovations in the textile industry, such as the use of butadiene in functional fabrics, indicate a diversification of butadiene applications beyond traditional sectors, further enhancing market potential.

Automotive (Dominant) vs. Consumer Goods (Emerging)

The automotive segment is recognized as the dominant player in the butadiene market due to its established foundation and vast applications in tire manufacturing and automotive parts. Its long-standing relationship with butadiene underscores the material's importance in the automobile supply chain, focusing on performance and safety. On the other hand, the consumer goods segment is emerging, driven by an increased focus on product durability and versatility. Butadiene’s role in producing various rubber-based goods for everyday consumer use is gaining traction, especially in the development of flexible, resilient materials that cater to modern consumer preferences. This juxtaposition highlights a crucial dynamic within the market, where traditional dominance is being challenged by innovative approaches in consumer goods.

By Production Method: Steam Cracking (Largest) vs. Dehydrogenation (Fastest-Growing)

The Butadiene market is primarily segmented by production methods, including Steam Cracking, Dehydrogenation, Extraction, and Catalytic Cracking. Among these, Steam Cracking holds the largest share due to its established technology and widespread use in the petrochemical industry. Dehydrogenation, while smaller in share, presents potential for rapid growth as industries look for more efficient methods of production.

Steam Cracking (Dominant) vs. Dehydrogenation (Emerging)

Steam Cracking is the dominant production method for Butadiene, primarily due to its high efficiency and compatibility with various feedstocks, especially naphtha. This method's long-standing presence in the market has allowed it to secure a substantial customer base. In contrast, Dehydrogenation is an emerging method driven by the need for more sustainable and cost-effective production alternatives. This process, which involves the removal of hydrogen from hydrocarbons, is gaining traction as industries aim to reduce their carbon footprint and enhance production efficiency.

By Purity Level: Standard Butadiene (Largest) vs. High Purity Butadiene (Fastest-Growing)

In the Butadiene market, Standard Butadiene holds the largest share, driven by its widespread application in manufacturing synthetic rubbers and plastics. This segment has successfully established itself as the backbone of the industry, utilizing low production costs and effective supply chains to maintain its dominating position. On the other hand, High Purity Butadiene is emerging rapidly, characterized by its specialized applications in high-performance products and advanced material manufacturing. The balance of quality and purity in this segment appeals to manufacturers striving for exceptional product characteristics.

Standard Butadiene (Dominant) vs. High Purity Butadiene (Emerging)

Standard Butadiene is recognized for its extensive use in the production of synthetic rubber and is pivotal to the automotive and industrial sectors. It maintains a dominant position in the market due to its cost-effectiveness and availability. Conversely, High Purity Butadiene is becoming increasingly important in specialized industries such as pharmaceuticals and electronics, where purity levels significantly impact performance. This segment is witnessing an uptick in demand as industries continue to prioritize higher quality and more reliable raw materials, resulting in accelerated growth rates compared to its Standard counterpart.

Get more detailed insights about Butadiene Market Research Report—Global Forecast 2035

Regional Insights

North America : Innovation and Demand Surge

North America is witnessing robust growth in the butadiene market, driven by increasing demand from the automotive and rubber industries. The region holds approximately 40% of the global market share, making it the largest market for butadiene. Regulatory support for sustainable practices and advancements in extraction technologies are further propelling market growth. The U.S. is the primary contributor, followed by Canada, which is also expanding its production capabilities. The competitive landscape in North America is dominated by key players such as LyondellBasell Industries, ExxonMobil Chemical, and TPC Group. These companies are investing in innovative technologies to enhance production efficiency and reduce environmental impact. The presence of established infrastructure and a skilled workforce further strengthens the market position of these players, ensuring a steady supply of butadiene to meet rising demand across various sectors.

Europe : Regulatory Framework Drives Growth

Europe is experiencing significant growth in the butadiene market, primarily driven by stringent regulations promoting sustainable practices and the increasing demand for synthetic rubber in automotive applications. The region accounts for approximately 30% of the global market share, making it the second-largest market. The European Union's commitment to reducing carbon emissions and promoting circular economy initiatives is acting as a catalyst for market expansion, encouraging investments in cleaner technologies. Leading countries in this region include Germany, France, and the Netherlands, with Germany being the largest producer of butadiene. Major players such as Shell Chemicals and Braskem are actively involved in expanding their production capacities to meet the growing demand. The competitive landscape is characterized by a mix of established companies and emerging players, all striving to innovate and comply with evolving regulatory standards.

Asia-Pacific : Emerging Markets Fuel Demand

The Asia-Pacific region is rapidly emerging as a powerhouse in the butadiene market, driven by increasing industrialization and urbanization. This region holds approximately 25% of the global market share, with China and India being the largest contributors. The demand for butadiene is primarily fueled by the growing automotive sector and the rising production of synthetic rubber. Government initiatives aimed at boosting manufacturing capabilities are also playing a crucial role in market growth. China is the leading country in butadiene production, followed by India and Japan. Key players such as LG Chem and Mitsui Chemicals are expanding their operations to cater to the rising demand. The competitive landscape is marked by significant investments in research and development, focusing on innovative production methods and sustainability practices to enhance market presence and meet regulatory requirements.

Middle East and Africa : Resource-Rich Market Potential

The Middle East and Africa region is poised for growth in the butadiene market, driven by abundant natural resources and increasing demand from the petrochemical sector. This region holds approximately 5% of the global market share, with countries like Saudi Arabia and South Africa leading the way. The strategic initiatives by governments to diversify their economies and invest in petrochemical infrastructure are key growth drivers, enhancing the region's market potential. Saudi Arabia is the largest producer of butadiene in the region, supported by major players like SABIC and Reliance Industries. The competitive landscape is evolving, with new entrants looking to capitalize on the growing demand. Investments in technology and sustainability are becoming increasingly important as companies strive to meet both local and international market needs, positioning the region as a significant player in The Butadiene.

Key Players and Competitive Insights

The Butadiene Market is currently characterized by a dynamic competitive landscape, driven by increasing demand for synthetic rubber and various chemical intermediates. Key players such as LyondellBasell Industries (US), Shell Chemicals (GB), and Braskem (BR) are strategically positioned to leverage their extensive production capabilities and technological advancements. LyondellBasell Industries (US) focuses on innovation in production processes, aiming to enhance efficiency and reduce environmental impact. Meanwhile, Shell Chemicals (GB) emphasizes sustainability in its operations, aligning with global trends towards greener practices. Braskem (BR) is actively pursuing regional expansion, particularly in Latin America, to capitalize on local market growth. Collectively, these strategies contribute to a competitive environment that is increasingly shaped by sustainability and technological innovation.

In terms of business tactics, companies are localizing manufacturing to reduce transportation costs and enhance supply chain resilience. The Butadiene Market appears moderately fragmented, with several key players exerting significant influence. This structure allows for competitive dynamics where companies can differentiate themselves through operational excellence and strategic partnerships, thereby enhancing their market positions.

In August 2025, LyondellBasell Industries (US) announced a partnership with a leading technology firm to develop advanced recycling technologies aimed at improving the sustainability of butadiene production. This strategic move is likely to bolster LyondellBasell's commitment to reducing its carbon footprint and enhancing its competitive edge in a market increasingly focused on environmental responsibility.

In September 2025, Shell Chemicals (GB) unveiled a new initiative to integrate AI-driven analytics into its production processes, aimed at optimizing operational efficiency and reducing waste. This initiative not only reflects Shell's commitment to innovation but also positions the company to respond more adeptly to market fluctuations and customer demands, potentially enhancing its market share.

In October 2025, Braskem (BR) launched a new line of bio-based butadiene products, targeting the growing demand for sustainable materials. This strategic action underscores Braskem's proactive approach to sustainability and its intent to capture a larger segment of the market that prioritizes eco-friendly solutions. By diversifying its product offerings, Braskem is likely to strengthen its competitive position in the evolving landscape of the Butadiene Market.

As of October 2025, current competitive trends indicate a pronounced shift towards digitalization, sustainability, and the integration of advanced technologies such as AI. Strategic alliances are increasingly shaping the landscape, enabling companies to pool resources and expertise to drive innovation. Looking ahead, competitive differentiation is expected to evolve from traditional price-based competition to a focus on technological advancements, sustainability initiatives, and supply chain reliability. This transition suggests that companies that prioritize innovation and environmental stewardship will likely emerge as leaders in the Butadiene Market.

Key Companies in the Butadiene Market market include

Industry Developments

Q2 2025: PT Lotte Chemical Indonesia started its new naphtha-fed steam cracker in late May. The steam cracker supports a 140,000 mt/year butadiene plant, and the company started supplying butadiene in July. PT Lotte Chemical Indonesia launched a new naphtha-fed steam cracker in late May 2025, enabling the start of butadiene supply from its 140,000 mt/year plant beginning in July 2025.
Q3 2025: China's Zhejiang Petrochemical plans to restart its No. 3 naphtha-fed steam cracker in Zhejiang in early August after completing planned maintenance. The cracker, shut in late June, supports a 250,000 mt/year butadiene unit. Zhejiang Petrochemical announced the planned restart of its No. 3 naphtha-fed steam cracker in Zhejiang in early August 2025, following maintenance; the facility supports a 250,000 mt/year butadiene unit.
Q3 2025: ExxonMobil announced the startup of its ethylene project in Huizhou, southern China in July. ExxonMobil commenced operations at its new ethylene project in Huizhou, southern China in July 2025, which is expected to impact regional butadiene supply dynamics.
Q2 2025: TotalEnergies' Gonfreville butadiene unit restarts after outage. TotalEnergies restarted its Gonfreville butadiene unit in France in the first half of 2025, following a period of outage, contributing to increased European butadiene supply.
Q2 2025: Dow's Bohlen site ends outage, resumes butadiene production. Dow completed maintenance and resumed butadiene production at its Bohlen site in Germany in the first half of 2025, increasing available supply for export.

Recent developments in the Butadiene Market have shown fluctuations in prices due to changes in supply and demand dynamics. As of October 2023, LyondellBasell reported an increase in production capacity to meet rising demands for synthetic rubber, highlighting an optimistic outlook for the market. Mitsubishi Chemical Corporation is also expanding its operations in Asia to leverage the growing automotive sector, leading to an increased butadiene output.

In terms of mergers and acquisitions, in September 2023, Kraton Corporation announced its acquisition of a specialty chemical producer to strengthen its position in the value chain of butadiene derivatives, aiming to enhance product offerings and market share.

Shell and TotalEnergies have been collaborating on sustainability initiatives that align with butadiene production, focusing on reducing carbon emissions. The valuation of companies such as BP and ENEOS Corporation has also seen positive growth, driven by the increasing demand for butadiene in various applications, particularly in tires and automotive components. Over the past two to three years, major developments included the acquisition of Reliance Industries’ stake in a joint venture with INEOS, reflecting strategic consolidation within the industry.

Future Outlook

Butadiene Market Future Outlook

The Butadiene Market is projected to grow at a 9.6% CAGR from 2024 to 2035, driven by increasing demand in automotive and synthetic rubber applications.

New opportunities lie in:

Expansion into bio-based butadiene production technologies.
Development of advanced butadiene extraction methods from renewable sources.
Strategic partnerships with automotive manufacturers for tailored butadiene solutions.

By 2035, the Butadiene Market is expected to achieve robust growth, solidifying its position as a key industry player.

Market Segmentation

Butadiene Market End Use Outlook

Automotive
Footwear
Textiles
Consumer Goods

Butadiene Market Application Outlook

Synthetic Rubber
Acrylonitrile Butadiene Styrene
Butadiene Rubber
Latex

Butadiene Market Purity Level Outlook

Standard Butadiene
High Purity Butadiene
Technical Grade Butadiene

Butadiene Market Production Method Outlook

Steam Cracking
Dehydrogenation
Extraction
Catalytic Cracking

Report Scope

MARKET SIZE 2024	12.93(USD Billion)
MARKET SIZE 2025	14.17(USD Billion)
MARKET SIZE 2035	35.46(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	9.6% (2024 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Market analysis in progress
Segments Covered	Market segmentation analysis in progress
Key Market Opportunities	Advancements in sustainable butadiene production methods present new growth opportunities in the Butadiene Market.
Key Market Dynamics	Rising demand for synthetic rubber drives competition and innovation in the Butadiene Market.
Countries Covered	North America, Europe, APAC, South America, MEA