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Butyl Rubber (IIR), whose monomer formula is C4H8, is derived by polymerizing isobutylene and isoprene in a ratio of 49:1. It is a synthetic rubber polymer that is tasteless with no odor and is impervious to the diffusion of gases. It is light yellow in colour. It is used in explosives, tires, insulating materials, sports equipment as well as masks.
According to Researcher, the global Butyl Rubber market is expected to witness a significant growth rate during the forecast period. The market is likely to grow at a CAGR of around 5.5%. The main application of Butyl rubber is in the automotive industry, where it is used to manufacture tires. The high demand for automobiles in emerging economies like India, ASEAN Countries, is likely to drive the market. Prices of natural rubber are quite volatile, which can act as an opportunity for the market. The use of synthetic rubber has increased when compared to natural rubber. On the other hand, the use of Butyl Rubber is not sustainable and negatively impacts the environment. This may hinder the growth of the market.
Based on the type, Butyl Rubber can be classified as normal rubber and halogenated rubber (chlorine and bromine). The halogenated rubbers dominate the market due to their properties compared to the regular rubber such as better curing, vulcanization efficiency, etc.
In terms of region, the Asia-Pacific region is likely to dominate the Global Butyl Rubber market in production and demand during the forecast period. China has a manufacturing and labor advantage due to which it produces butyl rubber at low prices compared to other countries. Butyl rubber has a high demand from India and Japan for various end-use industries like automotive and construction.
The global Butyl Rubber market is partially consolidated. The major players in the global Butyl Rubber market are Lanxess AG, ExxonMobil Chemical Company, Reliance Industries Limited, JSR Corporation, H.B. Fuller Company, among others.
Global Butyl Rubber Market report provides deep insight into the current and future state of the Butyl Rubber market across various regions. The study comprehensively analyzes the Butyl Rubber market by segmenting based on type (Regular butyl, Bromo butyl & Chloro butyl), end-user industry (Pharmaceutical, Automotives, Construction, Consumer Products & other end-users), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.
According to Researcher, the global Butyl Rubber market is expected to witness a significant growth rate during the forecast period. The market is likely to grow at a CAGR of around 5.5%. The main application of Butyl rubber is in the automotive industry, where it is used to manufacture tires. The high demand for automobiles in emerging economies like India, ASEAN Countries, is likely to drive the market. Prices of natural rubber are quite volatile, which can act as an opportunity for the market. The use of synthetic rubber has increased when compared to natural rubber. On the other hand, the use of Butyl Rubber is not sustainable and negatively impacts the environment. This may hinder the growth of the market.
Based on the type, Butyl Rubber can be classified as normal rubber and halogenated rubber (chlorine and bromine). The halogenated rubbers dominate the market due to their properties compared to the regular rubber such as better curing, vulcanization efficiency, etc.
In terms of region, the Asia-Pacific region is likely to dominate the Global Butyl Rubber market in production and demand during the forecast period. China has a manufacturing and labor advantage due to which it produces butyl rubber at low prices compared to other countries. Butyl rubber has a high demand from India and Japan for various end-use industries like automotive and construction.
The global Butyl Rubber market is partially consolidated. The major players in the global Butyl Rubber market are Lanxess AG, ExxonMobil Chemical Company, Reliance Industries Limited, JSR Corporation, H.B. Fuller Company, among others.
Global Butyl Rubber Market report provides deep insight into the current and future state of the Butyl Rubber market across various regions. The study comprehensively analyzes the Butyl Rubber market by segmenting based on type (Regular butyl, Bromo butyl & Chloro butyl), end-user industry (Pharmaceutical, Automotives, Construction, Consumer Products & other end-users), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market shares and projects.
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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
