Butyl Rubber Market, By Product (Chlorinated Butyl Rubber, Regular Butyl Rubber, Halogenated Butyl Rubber, Brominated Butyl Rubber, and Others), By Application (Pharmaceuticals, Automotive, Adhesives & Sealants, Tires & Tubes, Wires & Cables, and Others, and Others,) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI492622 | Publish Date: March 2024 | No. of Pages: 170

Butyl Rubber Market Overview

Butyl rubber Market size accounted for US$ 4207.7 million in 2020 and is estimated to be US$ 6463.33 million by 2030 and is anticipated to register a CAGR of 4.8%.

Butyl rubber is obtained by combining isoprene and isobutylene. Butyl rubber is a synthetic elastomer. Butyl rubber has excellent shock absorption properties and used in commercial applications. Butyl rubber are resistant to greases, oils, oxidizing chemicals, ozone, etc. Chlorobutyl rubber is used in chemical agent packaging, tires, gas masks due to its excellent gas barrier and mechanical properties. Halobutyl rubbers are used in protective clothing, tank linings, hoses, conveyor belts, seals, sporting goods due to their good resistance properties to weathering, chemicals, ozone. Butyl rubber is similar to the polypropylene and polyethylene based on its structure. 

Butyl rubber in automotive industries is widely used because of its excellent performance in manufacturing of tires, inner tubes, sealing rubber, sealing gaskets, also used as a noise reducing and shock absorbing material.  Butyl rubber provides excellent pressure retention in automotive tires like truck, agricultural, industrial, specialty tires, bicycle, etc. Butyl rubber are used as an insulating material in wires and cables due to its best electric properties. Butyl rubber cable is used in potable equipment, damp or oily environment, generators, etc. They are used in measuring and controlling systems in signal transmission of electric apparatus. Use of Butyl rubber in pharmaceutical and automotive industries has given rise in demand. Increasing demand for butyl rubber globally has given boosts to the growth in the market.

Butyl Rubber Market Drivers & Restraints

Rise in automotive industries and rate of urbanization

Rise in automotive industries and rate of urbanization is one of the leading factors for the Butyl rubber market growth. As transportation has become more important the rise in automotive industries has increased. Rise in urbanization is the major factor for growth of automotive industries due to rise in purchase of vehicles. Butyl rubber is mostly used in automotive industries in worldwide due to its excellent properties like resistance to ozone, high damping, barrier properties, resistance to heat aging, etc. As Butyl rubber is the one and only known elastomer which is impervious to gases has become more advantageous in manufacturing of tires, inner tubes. Moreover, increasing urban population is one of the driving factors for the Butyl rubber market because urban culture affects the person’s living lifestyle, rise in transportation and purchasing vehicles which has given rise in demand of butyl rubber in automotive industries. According to data published by United Nations in 2014, about 54% of the world’s population resided in urban areas, and it is projected that this percentage will increase over the forecast period. However, the growth in automotive industries and population in urban areas boosts the demand for Butyl rubber.

New advancements in butyl rubber

Manufactures involved in butyl rubber market are developing advanced versions of their products due to new age technological advancements. The newly advanced nano rutile added butyl rubber composites have proven the excellent thermal properties. The newly advanced techniques in butyl rubber has increased use in various industries. For instance, in 2018, Butyl rubber nanocomposites with added monolayer MoS2 additives were enhanced the gas barrier and mechanical properties of polymeric materials. The new techniques offer the new opportunities in utilizing the nanocomposites made of monolayer MoS2 and polymers. For instance, in 2021 the self - healing composites were prepared with the combination of natural rubber and bromobutyl rubber blends which were filled with carbon black and carbon nanotubes. These self-healing composites were prepared for improving the stability and use in applications of tire with simple preparation procedure.

Restrains:

However, expensive cost and poor resistance property in petroleum oils may somewhat restrain the growth of the target market.

Butyl Rubber Market Segmentations & Regional Insights

Butyl Rubber market is segmented based on product, application, and region.

On the basis of product, the Butyl Rubber Market is segmented into Chlorinated Butyl Rubber, Regular Butyl Rubber, Halogenated Butyl Rubber, Brominated Butyl Rubber, and others. On basis of application, the target market is classified into Pharmaceuticals, Automotive, Adhesives & Sealants, Tires & Tubes, Wires & Cables, and others.

Regional Insights:

On region the Butyl Rubber Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as India and China, and technological advancements. Moreover, rising presence of industrial corridor and automotive sector is anticipated to increase demand for Butyl Rubber in the region.

Butyl Rubber Market Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 to 2030

Market Segmentation

By Type - Chlorinated Butyl Rubber, Regular Butyl Rubber, Halogenated Butyl Rubber, Brominated Butyl Rubber, and others

By Application – Pharmaceuticals, Automotive, Adhesives & Sealants, Tires & Tubes, Wires & Cables, and others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Butyl Rubber Market report based on product, application, and region:

Butyl Rubber Market, By Product:

  • Chlorinated Butyl Rubber
  • Regular Butyl Rubber
  • Halo Butyl Rubber
  • Brominated Butyl Rubber
  • Others

Butyl Rubber Market, By Application:

  • Pharmaceuticals
  • Automotive
  • Adhesives & Sealants
  • Tires & Tubes
  • Wires & Cables
  • Others

Butyl Rubber Market, By Region:

  • North America
    • Middle East & Africa
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
    • Europe
      • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
    • U.S.
    • Canada

Butyl Rubber Market Competitive Landscape & Key Players

The key players operating the Butyl Rubber Market includes, Japan Butyl Company, Reliance Industries Ltd., Lanxess AG, Kiran Rubber Industries Pvt. Ltd., INEOS AG, Huntsman International LLC., ExonMobil Chemical Co., China Petrochemical Corporation, LyondellBasell Industries Holdings B.V., Arlanxeo, Sibur International GmbH, Timco Rubber, Zhejiang Cenway New Synthetic Materials Co. Ltd., SABIC, Eni S.p.A., etc. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, In 2013, LANXESS manufacturing company has opened up Asia’s most modern Butyl rubber plant in Singapore with the high production of high-quality halobutyl rubber with capacity of 100,000 metric tons per year which has become the biggest investment ever at EUR 400 million.

Butyl Rubber Market Company Profile

  • Lanxess AG
  • Japan Butyl Company
  • Reliance Industries Ltd.
  • Kiran Rubber Industries Pvt. Ltd.
  • INEOS AG
  • Huntsman International LLC.
  • ExonMobil Chemical Co.
  • China Petrochemical Corporation
  • LyondellBasell Industries Holdings B.V.
  • Arlanxeo
  • Sibur International GmbH
  • Timco Rubber
  • Zhejiang Cenway New Synthetic Materials Co. Ltd.
  • SABIC
  • Eni S.p.A.

FAQs

The Butyl Rubber Market is segmented into basis of on product, application, and region.

Rise in automotive industries and rate of urbanization is one of the leading factors for the global Butyl rubber market growth.

By region, North America will continue to dominate the market during the forecast period. However, Asia is expected to witness the highest CAGR with growth in this market concentrated in China, Japan and India.

The Key players operating in the Butyl Rubber Market includes The Asia-pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as India and China, and technological advancements.