World - Buta-1,3-Diene And Isoprene - Market Analysis, Forecast, Size, Trends And Insights
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The article discusses the global market for buta-1,3-diene and isoprene, highlighting an upward consumption trend with a projected CAGR of 4.4% and a market volume of 27M tons by 2030. It provides detailed analysis of consumption patterns, production volumes, exports, and imports, as well as the key countries driving the market growth. The data shows fluctuations in consumption and production over the years, with notable growth rates in the United States and China. The article also analyzes the market value and pricing trends, revealing shifts in export and import prices by country. Overall, the global market for buta-1,3-diene and isoprene is expected to witness continued growth in the coming years.
Market Forecast
Driven by increasing demand for buta-1,3-diene and isoprene worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +4.4% for the period from 2022 to 2030, which is projected to bring the market volume to 27M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +6.5% for the period from 2022 to 2030, which is projected to bring the market value to $41.4B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Buta-1,3-Diene And Isoprene
In 2022, consumption of buta-1,3-diene and isoprene decreased by -3.6% to 19M tons for the first time since 2019, thus ending a two-year rising trend. Overall, the total consumption indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +64.1% against 2013 indices. Over the period under review, global consumption reached the peak volume at 20M tons in 2021, and then dropped modestly in the following year.
The global buta-1,3-diene and isoprene market revenue shrank to $25B in 2022, declining by -8.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the global market attained the peak level at $27.2B in 2021, and then dropped in the following year.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (3.3M tons), the United States (2.4M tons) and India (1.5M tons), together accounting for 37% of global consumption.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by the United States (with a CAGR of +12.7%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($4.9B), the United States ($2.6B) and India ($1.6B) were the countries with the highest levels of market value in 2022, with a combined 36% share of the global market.
Among the main consuming countries, the United States, with a CAGR of +10.4%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of buta-1,3-diene and isoprene per capita consumption in 2022 were France (14 kg per person), Japan (8.1 kg per person) and the UK (7.1 kg per person).
From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +12.0%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Buta-1,3-Diene And Isoprene
After two years of growth, production of buta-1,3-diene and isoprene decreased by -2.5% to 19M tons in 2022. Overall, the total production indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +68.3% against 2013 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 15%. Over the period under review, global production hit record highs at 20M tons in 2021, and then shrank in the following year.
In value terms, buta-1,3-diene and isoprene production fell to $24B in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 30% against the previous year. Over the period under review, global production attained the peak level at $26.2B in 2021, and then fell in the following year.
Production By Country
The countries with the highest volumes of production in 2022 were China (3.3M tons), the United States (2.1M tons) and India (1.6M tons), with a combined 36% share of global production.
From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +15.8%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Buta-1,3-Diene And Isoprene
Global buta-1,3-diene and isoprene imports contracted sharply to 2M tons in 2022, waning by -17.8% against 2021 figures. Over the period under review, imports recorded a slight contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 17%. Global imports peaked at 2.4M tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
In value terms, buta-1,3-diene and isoprene imports fell to $2.5B in 2022. In general, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 71%. Global imports peaked at $5.9B in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.
Imports By Country
The United States (359K tons), France (243K tons), South Korea (206K tons), China (171K tons), Taiwan (Chinese) (144K tons), Malaysia (131K tons), Japan (105K tons), the Netherlands (94K tons), Poland (90K tons), Belgium (76K tons), the Czech Republic (67K tons) and Indonesia (64K tons) represented roughly 89% of total imports in 2022.
From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +17.9%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the largest buta-1,3-diene and isoprene importing markets worldwide were the United States ($592M), France ($311M) and South Korea ($254M), together accounting for 46% of global imports. China, Taiwan (Chinese), Japan, Malaysia, Poland, the Netherlands, Belgium, the Czech Republic and Indonesia lagged somewhat behind, together comprising a further 43%.
The Czech Republic, with a CAGR of +12.3%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced mixed trends in the imports figures.
Import Prices By Country
In 2022, the average buta-1,3-diene and isoprene import price amounted to $1,290 per ton, rising by 13% against the previous year. In general, the import price, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2021 an increase of 74%. Global import price peaked at $2,485 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($1,646 per ton), while China ($991 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (-4.7%), while the other global leaders experienced a decline in the import price figures.
Exports
World Exports of Buta-1,3-Diene And Isoprene
In 2022, global exports of buta-1,3-diene and isoprene dropped to 2.3M tons, reducing by -7.9% on the year before. In general, exports continue to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 17% against the previous year. Over the period under review, the global exports reached the peak figure at 2.7M tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.
In value terms, buta-1,3-diene and isoprene exports reached $2.7B in 2022. Over the period under review, exports showed a deep reduction. The growth pace was the most rapid in 2021 with an increase of 65% against the previous year. The global exports peaked at $5.3B in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.
Exports By Country
In 2022, the Netherlands (539K tons), distantly followed by South Korea (242K tons), Germany (217K tons), Brazil (193K tons), Singapore (155K tons), Belgium (133K tons), India (127K tons) and China (126K tons) represented the main exporters of buta-1,3-diene and isoprene, together generating 76% of total exports. Taiwan (Chinese) (75K tons), Malaysia (58K tons), the United States (56K tons), Hungary (46K tons) and Iran (45K tons) held a relatively small share of total exports.
From 2012 to 2022, average annual rates of growth with regard to buta-1,3-diene and isoprene exports from the Netherlands stood at -4.1%. At the same time, Hungary (+20.1%), Malaysia (+17.0%), Belgium (+12.5%), Brazil (+4.0%) and China (+2.9%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in the world, with a CAGR of +20.1% from 2012-2022. India experienced a relatively flat trend pattern. By contrast, Singapore (-1.0%), Taiwan (Chinese) (-1.4%), South Korea (-1.5%), the United States (-2.6%), Iran (-3.3%) and Germany (-4.6%) illustrated a downward trend over the same period. Belgium (+4.3 p.p.), Brazil (+3.7 p.p.), Malaysia (+2.1 p.p.), China (+2.1 p.p.) and Hungary (+2 p.p.) significantly strengthened its position in terms of the global exports, while Germany and the Netherlands saw its share reduced by -3.2% and -6.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the Netherlands ($619M) remains the largest buta-1,3-diene and isoprene supplier worldwide, comprising 23% of global exports. The second position in the ranking was taken by South Korea ($295M), with an 11% share of global exports. It was followed by Germany, with a 9.7% share.
From 2012 to 2022, the average annual rate of growth in terms of value in the Netherlands totaled -4.9%. In the other countries, the average annual rates were as follows: South Korea (-8.0% per year) and Germany (-9.5% per year).
Export Prices By Country
The average buta-1,3-diene and isoprene export price stood at $1,168 per ton in 2022, picking up by 11% against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 72% against the previous year. Over the period under review, the average export prices hit record highs at $1,942 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($1,449 per ton), while India ($845 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+9.6%), while the other global leaders experienced a decline in the export price figures.
This report provides an in-depth analysis of the global buta-1,3-diene and isoprene market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20141160 - Buta-1,3-diene and isoprene
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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