Based on a recent market research report of Technavio, the global butadiene and its derivatives market is expected to grow at a CAGR of nearly 5% between 2017 and 2021. The growing demand for tires and other rubber products is the primary factor driving the market growth. Synthetic rubber is the major application of butadiene and its derivatives used in tires, footwear, gloves, wetsuits, soles, gaskets, chewing gum, conveyor belts, industrial hoses, and various molded and extruded rubber goods. Factors such as the fluctuations in the price of natural rubber, improved properties of synthetic rubber, and geographic restraints of rubber plantation have forced the consumers to shift from natural rubber to synthetic rubber. In addition, the cost-effectiveness and high profit margins for the tire and rubber products will also drive the market growth. In terms of derivatives type, the global butadiene and its derivatives market is segmented into styrene butadiene rubber (SBR), polybutadiene rubber (PBR), acrylonitrile butadiene styrene (ABS) resins, and styrene butadiene (SB) latex. The SBR derivatives segment led the global market in 2016 and is projected to continue its lead during the forecast period. The high demand from the manufacturing industries and the thriving automobile market in APAC will drive the demand for SBR in the next four years. In terms of application, the global butadiene and its derivatives market is segmented into tires and rubber products and adhesives, paints, and coatings. The tires and rubber products segment reportedly dominated the global market in 2016. This segment is anticipated to maintain its domination over the forecast period, owing to factors such as the rise in applications of synthetic rubber, lack of proper substitutes, expansion of the automotive industry, introduction of green tires, and bio-based butadiene. On the basis of geography, the global market is segmented into APAC, Europe, North America, and ROW. During 2016, APAC dominated the global market and is expected to maintain the domination in the coming years. The fast-growing industrialization, rising disposable income, increasing population, and high-demand from end-user industries will be the major factors fueling the market growth in the region. Key players in the market are BASF, China Petrochemical Corporation (Sinopec Group), Dow Chemical, ExxonMobil, LyondellBasell Industries, and Royal Dutch Shell. Other eminent vendors include Braskem, CNOOC Limited, China National Petroleum Corporation (CNPC), Eni, Evonik, Formosa Petrochemical, FUJAN REFINING & PETROCHEMICAL, Genomatica, INEOS, JSR, LANXESS, LG Chem, Lion Elastomers, Nizhnekamskneftekhim, North Huajin Chemical Industries, Reliance Industries, Repsol, SABIC, Synthos, TPC Group, and Zeon.