Butyl Rubber Market Overview
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 are used widely in pharmaceutical industries such as rubber products like blood collection tubes, stoppers, closures, caps, injection vials, seals for infusion containers, pharmaceutical bottles, etc. Butyl rubber are used in sports material like footballs, netballs, basketballs, rugby balls, etc. Butyl rubber are also used in making bicycle inner tubes which provides airtight and tough inner compartment. 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. Butyl rubber insulated cables are made up of natural rubber and chloroprene mixture. Multicore butyl rubber are moisture and heat resistance. 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.
The 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 Market Dynamics
Rise in automotive industries and rate of urbanization
Rise in automotive industries and rate of urbanization is one of the leading factors for the global 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 Segmentation
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The Global Butyl Rubber market is segmented based on product, application, and region.
On the basis of product, the Global 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 Global 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.
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 Global 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
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- North America
-
Butyl Rubber Market 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*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- 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.
“*” marked represents similar segmentation in other categories in the respective section
Butyl Rubber Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Product
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Butyl Rubber Market, By Product
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Chlorinated Butyl Rubber
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Regular Butyl Rubber
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Halogenated Butyl Rubber
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Brominated Butyl Rubber
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Butyl Rubber Market, By Application, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Pharmaceuticals
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Automotive
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Adhesives & Sealants
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Tires & Tubes
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Wires & Cables
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Butyl Rubber Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Japan Butyl Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Reliance Industries Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Lanxess AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Kiran Rubber Industries Pvt. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- INEOS AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Huntsman International LLC.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- ExonMobil Chemical Co.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- China Petrochemical Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- LyondellBasell Industries Holdings B.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Arlanxeo
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sibur International GmbH
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Timco Rubber
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Zhejiang Cenway New Synthetic Materials Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- SABIC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Eni S.p.A.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
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.