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2-Methyl-1,3-Butadiene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A23033
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2-Methyl-1,3-Butadiene Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| 2-Methyl-1,3-Butadiene | Chemical | USA | 693 USD/MT |
| 2-Methyl-1,3-Butadiene | Chemical | South Korea | 900 USD/MT |
| 2-Methyl-1,3-Butadiene | Chemical | Germany | 1379 USD/MT |
In the fourth quarter of 2023, the price of the 2-methyl-1,3-butadiene in the United States reached 693 USD/MT by December. Similarly, in South Korea, the 2-methyl-1,3-butadiene prices hit 900 USD/MT in the same month. Germany also saw 2-methyl-1,3-butadiene prices reaching 1379 USD/MT during Q4 2023.
2-Methyl-1,3-Butadiene Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “2-Methyl-1,3-Butadiene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of 2-methyl-1,3-butadiene pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing 2-methyl-1,3-butadiene price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
2-Methyl-1,3-Butadiene Market Analysis
The global 2-Methyl-1,3-Butadiene market size reached US$ 13.44 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 19.38 Billion, at a projected CAGR of 4.15% during 2023-2032.
Several critical factors affect the market growth of 2-Methyl-1,3-Butadiene, also referred to as isoprene. This organic compound, a volatile colorless liquid, serves as a major monomer in the production of synthetic rubber, particularly polyisoprene, which is extensively utilized across various industries. The automotive and tire manufacturing industries are some of the major drivers for the consumption of synthetic rubber, which, in return, is fueling the demand for 2-Methyl-1,3-Butadiene. Consequently, the growing automotive industry is acting as a major growth-inducing factor. According to the US Tire Manufacturers Association (USTMA), the total tire shipment in the US was around 342.1 million units in 2022, approximately 2% and 3% more than shipments in the years 2021 and 2019, respectively. The total tire shipment in 2021 was about 335 million units. The extensive demand for high-performance tires is also escalating. This, in turn, is increasing the demand for synthetic rubber and in extension 2-Methyl-1,3-Butadiene. The rising concern for fuel efficiency and durability in the automotive sector is driving the demand for high-quality synthetic rubber, thereby boosting market growth. According to the Bridgestone report 2023, the global tire production in 2021 was valued at approximately 1,780,000 tons, an increase of about 18% compared to the previous year. Michelin, a key player in the market, holds 14.8% of the market share, followed by Bridgestone and Goodyear, with 12.5% and 8.4%, respectively. Additionally, the increasing utilization of synthetic rubber made from 2-Methyl-1,3-Butadiene in the construction industry is favoring the market growth. The product is favored in the sector due to its characteristics like flexibility, rebound resilience, and resistance to environmental factors. The increasing infrastructure construction activities, particularly in developing countries, is increasing the usage of such materials, thereby boosting the 2-Methyl-1,3-Butadiene market growth. Rapid technological developments in polymerization processes represents another factor driving the market growth. Such technologies enhance the production rate and output of 2-Methyl-1,3-Butadiene, lowering the cost of manufacturing synthetic rubber. Globalization and preference for green materials are the key factors driving innovations and development of bio-based 2-Methyl-1,3-Butadiene. This shift aligns with global sustainable development goals and meets the consumer demand for environmentally friendly products, thereby creating new opportunities for market growth.
2-Methyl-1,3-Butadiene News
The report covers the latest developments, updates, and trends impacting the global 2-methyl-1,3-butadiene market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in 2-methyl-1,3-butadiene production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.
Latest developments in the 2-Methyl-1,3-Butadiene industry:
- In May 2024, Calgon Carbon Corporation, a subsidiary of Kuraray Co., Ltd., will acquire the industrial reactivated carbon business from Sprint Environmental Services, LLC. This acquisition provides Calgon Carbon with a strategic base in the Gulf of Mexico region, also covering the Midwest. Plans include expanding reactivated carbon facilities for both industrial applications and drinking water, driven by increased demand due to tightening PFAS regulations.
- In April 2024, WESSELING, Germany, LyondellBasell (LYB) secured a location for an integrated plastic waste recycling hub south of an existing industrial park in Knapsack, Germany, signing a land lease agreement with YNCORIS GmbH & Co. KG. The hub is planned to combine various advanced sorting and recycling operations, helping to address the plastic waste challenge and grow the circular economy.
Product Description
2-Methyl-1,3-Butadiene, also known as isoprene, is a flammable, colorless liquid with a very sweet, petroleum-like odor. It is an essential monomer in the formation of synthetic rubber more so polyisoprene that has similar characteristics to natural rubber. Isoprene has a diene functional group that makes it easily form polymers thus is useful in industrial production. Some of its major features include high flexibility, rebound, and good wear and tear and environmental stability which are features of high-performance materials. These qualities make isoprene a key ingredient in the production of automotive tires, adhesives, coatings, and medical devices. The flexibility and high mechanical strength of the compound are evident in the different industries, pushing the market’s demand and use of the compound.
Regional Coverage
The report provides a detailed analysis of the 2-methyl-1,3-butadiene market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.
Global 2-Methyl-1,3-Butadiene Price
The report offers a holistic view of the global 2-methyl-1,3-butadiene pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.
Europe 2-Methyl-1,3-Butadiene Price
European 2-methyl-1,3-butadiene prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed 2-,methyl-1,3-butadiene price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America 2-Methyl-1,3-Butadiene Price
The analysis of 2-methyl-1,3-butadiene prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific data on 2-methyl-1,3-butadiene prices within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa 2-Methyl-1,3-Butadiene Price
The report explores the 2-methyl-1,3-butadiene pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on 2-methyl-1,3-butadiene prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific 2-Methyl-1,3-Butadiene Price
The 2-methyl-1,3-butadiene pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This analysis can be further extended to include detailed 2-methyl-1,3-butadiene prices for a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America 2-Methyl-1,3-Butadiene Price
The analysis of 2-methyl-1,3-butadiene prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | 2-Methyl-1,3-Butadiene |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of 2-methyl-1,3-butadiene pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting 2-methyl-1,3-butadiene price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the 2-methyl-1,3-butadiene industry.
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