Synthetic & Bio-based Butadiene Market Analysis

By form, the synthetic & bio-based butadiene market revenue from the SB latex segment is to exceed USD 3.5 billion by 2032. SB latex improves pigment binding power, making paper smoother, stiffer, brighter, and more water resistant. Paper coating firms are expanding their portfolio with innovative products through continuous R&D efforts. Furthermore, increasing utilization of SB latex-based adhesive in the electrical, automotive, and construction sectors is likely to enhance segment growth.

In terms of product, the synthetic & bio-based butadiene market from the synthetic segment is estimated to grow at more than 5% CAGR through 2032. The expanding automotive sector has a huge demand for synthetic rubbers for multiple applications. Furthermore, industry leaders are focusing on sustainability and offering environmentally friendly products by lowering GHG emissions from production at each facility while contributing to a lower global environmental burden. Hence, the development of sustainable methods for producing polymer emulsions and an upsurge in the demand for water-based solvents and coatings are some major factors predicted to fuel market growth.

Asia Pacific synthetic & bio-based butadiene market is predicted to be worth more than USD 23.5 billion by 2032 due to the mounting product requirement in the booming domestic automotive, footwear, and construction industries. Furthermore, businesses are focused on providing sustainably produced styrene-butadiene rubber to address the rising market demand. In October 2022, leading chemical firm Zeon Chemicals Singapore announced plans to produce solution-polymerized styrene-butadiene rubber using biomass-derived butadiene and signed an MOU with Shell Eastern Petroleum to supply sustainable butadiene for its SSBR production.