China Butadiene Market Size

China Butadiene Market Future Prospects

The Chinese butadiene market will witness sales of 3.5 million tonnes in 2024 and is projected to grow at a CAGR of 5.1% from 2024 to 2030, reaching 4.7 million tonnes by 2030.

This is because the country is the biggest producer and consumer of butadiene. Further, with the expansion of the automotive industry in China, the use of butadiene is also increasing, as it is a crucial raw material for tires, gaskets and seals, and exterior components.

Several factors are contributing to the growth of the market in China, such as the expansion of the construction industry, technological developments, and supportive government policies. Additionally, the demand for butadiene is rising in the production of acrylonitrile-butadiene-styrene (ABS) plastics, which are used in several electronic and consumer items, such as laptop casings, hair dryer bodies, and toothbrush handles.

Furthermore, the country is making significant investments in technological advancements and petrochemical infrastructure, which increase the productivity and efficiency of butadiene plants.