Bio-Butadiene Market Size, Share, By Product Type [(Styrene-Butadiene Rubber (SBR), Styrene-Butadiene Latex (SBL), Polybutadiene (PB), Acrylonitrile-Butadiene-Styrene (ABS) Resins, Styrene-Butadiene Block Copolymers (SBS & SEBS), and Nitrile Butadiene Rubber (NBR))], By Grade (Industrial Grade, Laboratory Grade), By Application (Synthetic Rubber, Fine Chemicals, Thermoplastic Elastomers, Plastics, and Others), By End User (Automotive and Transportation, Chemical Processing, Consumer Goods, Building and Construction, Medical, Others), and By Region - Trends, Analysis and Forecast till 2034

• In 2023, bio-butadiene market was estimated to be worth USD 50.4 Million
• By 2034, the target market is expected to grow to USD 126.2 Million.
• Target market is expanding at a CAGR of 10.6%

Market Overview:

Bio-Butadiene Market is driven by growing importance of sustainability as well as environmental responsibility. In addition, regulations and government policies for decreasing carbon emission and awareness regarding the use of bio-based chemicals are another factors propelling growth of the global market. Furthermore, technological advancements which increases the efficiency and cost-effectiveness of production is also anticipated to create opportunities for growth of the global market over the forecast period.

Key Takeaways:

• North America held the largest share of the market in 2024.
• Europe is projected to be the fastest-growing market in the coming years.
• By product type, styrene-butadiene rubber dominate the target market growth.
• By grade, industrial grade is expected to dominate the target market growth.
• By application, synthetic rubber holds the largest share of the market.
• By end user, automotive and transportation segment holds the largest share of the targeted market.

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Key Drivers of Target Market:

Increasing Demand as it is a Sustainable Solutions

Globally many industries are facing rising pressure for adoption of environment friendly practices, thus the demand for bio-based chemicals such as butadiene is rising. Many industries and companies are actively reducing their carbon footprint by making bio-butadiene as an alternative. 

• For Instance, in December 2023, OMV and Synthos announced the signing of a Memorandum of Understanding (MoU). Under the MoU, the two companies will cooperate on sustainability, focusing in particular on the supply of sustainable raw materials that can be used to manufacture high-performance tires. This step underlines both companies’ commitment to a circular economy by using bio-based and circular feedstocks.

Restrains:

Health Effects

• The health effects caused by bio-butadiene will be either Acute or Chronic. Acute low exposures may cause irritation to the eyes, throat, nose, and lungs. Acute high exposures may cause damage to the central nervous system or cause symptoms such as distorted blurred vision, vertigo, general tiredness, decreased blood pressure, headache, nausea, decreased pulse rate, and fainting. Chronic effects caused by butadiene are controversial.
• Counterbalance Statements: One of the major solutions to this problem are taking proper precautions while working with bio-butadiene, wearing safety kits such as gloves, masks, eye protector, etc.

Opportunities:

Technological Advancements and Collaborations between Companies

• The bio-butadiene market sector has undergone a radical transformation in recent years due to technological advancements. It enhance functionality, user experience, efficiency, cost-effectiveness, flexibility, productivity, etc.
• For instance, in February 2022, Green Circle and Synthos announced that they will collaborate on the development and commercialization of bio-butadiene derived from bio-ethanol to enable the production of value-added, more sustainable Polybutadiene (PB)

The market is segmented based on Product Type, Grade, Application, End User, and Region.

Product Type Insights:

On the basis of product type bio-butadiene market is segmented into Styrene-Butadiene Rubber (SBR), Styrene-Butadiene Latex (SBL), Polybutadiene (PB), Acrylonitrile-Butadiene-Styrene (ABS) Resins, Styrene-Butadiene Block Copolymers (SBS & SEBS), and Nitrile Butadiene Rubber (NBR). Styrene-Butadiene Rubber (SBR) dominate the target market growth as it is widespread availability and usage in industries such as automotive, construction, etc.

• For Instance, in Feburary 2022, Synthos SA has inked a deal with Lummus Technology’s subsidiary Green Circle for the construction of a 40 kilotonne per annum (ktpa) bio-butadiene plant to support its sustainable rubber ambitions.

Grade Insights:

The Bio-Butadiene Market by grade is segmented into Industrial Grade and Laboratory Grade. Industrial grade is expected to dominate the target market growth due to its usage in production of Polybutadiene (PB), plastic, etc.

Application Insights:

The Bio-Butadiene Market by application is segmented into Synthetic Rubber, Fine Chemicals, Thermoplastic Elastomers, Plastics, and Others. Synthetic rubber holds the largest share of the market due to widespread usage and availability.

• For Instance, in April 2021, Trinseo, announced collaboration with ETB for development of purified bio-based 1,3-butadiene. Under the partnership, the companies will jointly explore opportunities to scale up ETB's unique single-stage process to produce bio-based 1,3-butadiene from ethanol using polyfunctional catalyst technology. The collaboration will initially focus on demonstrating the viability of sustainable ethanol-based synthetic rubber in support of green tire production.

End User Insights:

The Bio-Butadiene Market by end user is segmented into Automotive and Transportation, Chemical Processing, Consumer Goods, Building and Construction, Medical, Others. Automotive and Transportation holds the largest share of the market due increasing consumption.

Regional Insights

North America: This region is expected to dominate the growth of the market during forecast period due to increasing production of tire, rapidly growing automotive industry, increasing focus on environmental sustainability, etc.

Europe: This region is considered to be the fastest growing region in the target market due to factors such as strong environmental regulations, government policies for promoting renewable energy sources, etc.

Bio-Butadiene Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels, analyzing industry trends and opportunities across sub-segments from 2024 to 2034. It segments the market by Product Type, Grade, Application, End User, and Region. 

Segmentation:

By Product Type:

• Styrene-Butadiene Rubber (SBR)
• Styrene-Butadiene Latex (SBL)
• Polybutadiene (PB)
• Acrylonitrile-Butadiene-Styrene (ABS) Resins
• Styrene-Butadiene Block Copolymers (SBS & SEBS)
• Nitrile Butadiene Rubber (NBR)

By Grade

• Industrial Grade
• Laboratory Grade

By Application:

• Synthetic Rubber
• Fine Chemicals
• Thermoplastic Elastomers
• Plastics
• Others

By End User:

• Automotive and Transportation
• Chemical Processing
• Consumer Goods
• Building and Construction
• Medical
• Others

By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating in the Bio-Butadiene Market include LyondellBasell Industries Holdings B.V., SABIC, MICHELIN, Biokemik, ETB Catalytic Technologies, Trinseo, Braskem, Synthos, Lummus Technology, IFPEN, Axens, Global Bioenergies, Evonik Industries, Reliance Industries Limited, BOREALIS AG, TotalEnergies, INEOS Styroution Group GmbH, and Asahi Kasei Corporation.

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• In January 2024, Michelin, IFPEN and Axens inaugurated the first industrial-scale demonstrator of a plant producing Styrene-Butadiene Latex (SBL) in France, at Michelin’s site in Bassens near Bordeaux, with the aim of developing and commercializing butadiene from ethanol derived from biomass (plants), to replace butadiene from petrochemicals. 
• In July 2022, Evonik launches POLYVEST eCO, a new range of sustainable bio-based liquid polybutadiene products. This innovative product line uses sustainable butadiene in its production, reducing the use of fossil feedstocks by 99.9%.
• In March 2022, SABIC Collaborates With Kraton for Certified Renewable Butadiene to Produce Certified Renewable Styrenic Block Copolymers. The new collaboration with Kraton will deliver certified renewable butadiene from SABIC’s TRUCIRCLE portfolio for use in Kraton’s certified renewable styrenic block copolymers (SBC) Each kilogram of SABIC’s bio-based butadiene reduces CO2 emissions by an average of 4 kilograms compared to fossil-based virgin alternatives

Analyst View:

The industry for bio-butadiene market is placed for substantial growth due to by growing importance of sustainability as well as environmental responsibility, regulations and government policies for decreasing carbon emission and awareness regarding the use of bio-based chemicals. New innovations and development, advance technologies as well as many collaborations and partnerships helps to boost the growth of the market in upcoming years.

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• LyondellBasell Industries Holdings B.V.
• SABIC
• MICHELIN
• Biokemik
• ETB Catalytic Technologies
• Trinseo
• Braskem
• Synthos
• Lummus Technology
• IFPEN
• Axens
• Global Bioenergies
• Evonik Industries
• Reliance Industries Limited
• BOREALIS AG
• TotalEnergies
• INEOS Styroution Group GmbH
• Asahi Kasei Corporation.