Chan Ye Xin Xi Wang·2026-01-22 01:21Core Viewpoint - The demand for butadiene, a key raw material for synthetic rubber and ABS resin, remains stable due to its strong ties with major industries such as automotive, home appliances, and construction. The market is expected to see a consumption volume of 4.862 million tons in 2024, a year-on-year increase of 2.8%, with production reaching 4.556 million tons, up 4.2% year-on-year, indicating a reliance on imports to meet demand [1][9]. Industry Overview - Butadiene, chemically known as 1,3-butadiene (C₄H₆), is a colorless gas with a slight aromatic odor, insoluble in water but soluble in many organic solvents. It is a core raw material in the petrochemical industry [2][6]. - The main production methods for butadiene are C4 extraction and butene oxidative dehydrogenation, with the former being the dominant global process due to its efficiency and lower environmental impact [2][4]. Development History - The butadiene industry in China is undergoing a transformation due to stricter environmental policies, leading to the elimination of outdated capacities and a focus on high-end derivatives. The industry is also diversifying raw material sources beyond traditional petroleum-based inputs [4][6]. Current Market Situation - The demand for butadiene is closely linked to the automotive, home appliance, and construction sectors. The growth of lightweight electric vehicles and upgrades in home appliances are driving stable demand. In 2024, the apparent consumption of butadiene in China is projected to reach 4.862 million tons, with a production of 4.556 million tons, indicating a reliance on imports to fill the gap [1][9]. Competitive Landscape - The global butadiene market is highly concentrated, with the top ten producers accounting for 48.3% of total capacity. China Petrochemical Corporation leads with a 12.0% share, followed by China National Petroleum Corporation at 5.8% and Shell at 5.5% [12][13]. - In China, the total butadiene capacity is expected to reach 7.577 million tons per year by the end of 2025, with China Petrochemical Corporation holding a 24.69% market share [13][14]. Future Trends - The butadiene industry is expected to focus on green and low-carbon technologies, optimizing traditional processes while developing new methods such as butane dehydrogenation and bio-based synthesis [16]. - Policies will likely drive the industry towards more intensive and standardized operations, encouraging low-carbon technology upgrades and resource recycling projects [17]. - Demand will diversify, with traditional sectors stabilizing and new areas like lithium battery materials and high-end resins driving growth [18]. - Competition will shift from capacity to integrated supply chain strengths, with leading companies enhancing their raw material self-sufficiency and cost control [19].