Synthetic & Bio-Based Butadiene Market is anticipated to grow notably during 2023–2032 owing to the increasing use of acrylonitrile butadiene styrene (ABS). ABS is an engineering thermoplastic used widely in the automotive, electrical, electronics, and luggage sectors. The compound is also available in high-impact, medium-impact, electroplated, transparent, glass-filled, and other manufacturing grades in the global market.


In addition, its useful properties, such as high impact and chemical resistance, toughness, heat stability, rigidity, and ease of processing, make ABS one of the most consumed thermoplastics, which will drive its adoption in the coming years. In addition, the constantly surging demand for synthetic & bio-based butadiene in the automotive and rubber industries will positively influence the market growth by 2032.


Overall, the synthetic & bio-based butadiene industry is segmented in terms of product, form, and region.


Based on the product, biobased butadiene segment will gain high momentum during 2023–2032. The market will grow as a result of factors such as the shortage of naphtha-based butadiene, rising polymer and tire consumption in developing nations, and the volatility of natural rubber. Besides, bio-butadiene is one of the raw material sources in butadiene manufacturing and is used for manufacturing rubbers and plastics. In addition, the increasing crude oil prices volatility and supply will fuel the bio-based butadiene demand during the forecast timespan.


By form, the SB rubber segment will account for over USD 10 billion by 2032. A constantly increasing demand from the automotive industry for high-performance tires will amplify the demand for higher-specification raw materials from the manufacturing industry. Moreover, surging product need from emerging economies such as Asia Pacific will drive market growth. Besides, high fuel efficiency in automobiles will create huge demand for low rolling resistance in tires, thus fueling the demand for SB rubber in the tire industry between 2023-2032.


In addition, SSBR is used in footwear, conveyor belts, waterproof materials, adhesives, hoses, molded rubber goods, belting, toys, and sponge and foam products.


Regionally, the North America synthetic & bio-based butadiene industry will depict over 3% CAGR between 2023-2032. The regional market growth will be majorly due to the presence of several major tire manufacturers in the region. This can be attributed to the expanding sales of automobiles, growing purchasing power of people, and intensifying vehicle fleet size.