Product Code: ETC109784 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Thailand Butadiene Market is likely to experience consistent growth rate gains over the period 2025 to 2029. Commencing at 3.89% in 2025, growth builds up to 12.98% by 2029.
The Butadiene market in Thailand is projected to grow at a growing growth rate of 5.25% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
The demand for butadiene in Thailand is expected to grow at a CAGR of around 4.8% during the forecast period. Butadiene is used in various industries such as rubber, plastics and fiber production. The increasing use of synthetic rubber with higher specific properties has led to an increase in butadiene consumption since 2018 and this trend is predicted to continue in the forecast period.
In the Thailand butadiene market, several factors contribute to its growth. Butadiene is a key raw material for the production of synthetic rubber, which is used extensively in the automotive and tire industries. The expansion of these sectors, driven by economic growth and urbanization, has resulted in a consistent demand for butadiene. Moreover, as the automotive industry evolves towards electric and hybrid vehicles, the demand for lightweight materials like synthetic rubber remains steady, further boosting the market.
In the Thailand butadiene market, challenges are linked to the market`s susceptibility to global economic trends and fluctuations in the petrochemical industry. Butadiene is a key raw material for synthetic rubber production, and its demand is closely tied to the automotive and tire manufacturing sectors. Economic downturns can lead to reduced vehicle production and subsequently impact the butadiene market. Moreover, price volatility in the oil and gas sector, from which butadiene is derived, can affect production costs and market dynamics.
In the Thailand butadiene market, the pandemic led to decreased demand from industries like automotive and construction due to lockdowns and reduced economic activities. This caused a temporary dip in prices and production. As industries resumed operations and economies recovered, the demand for butadiene began to rebound, although challenges in the supply chain persisted.
In the Thailand butadiene market, prominent players such as ButadieneTech Industries, ThaiPetroChemicals, and PolymerSynth Innovations deserve mention. These businesses have been engaged in the production and distribution of butadiene, a crucial raw material for synthetic rubber and polymer manufacturing. Their role in supporting industries like automotive, construction, and consumer goods underscores their significance in the petrochemical sector.