Chemical and Materials

Image

Global Butyl Rubber Market – Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Upcoming Report
  • May 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Butyl Rubber Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 3.57 Billion
Diagram Market Size (Forecast Year) USD 5.30 Billion
Diagram CAGR %

Global Butyl Rubber Market, By Type (Regular Butyl, Brominated Butyl, Chlorinated Butyl), Application (Adhesives, Sealant for Rubber Roof Repair, Tubeless Tire Liners, Medicine Bottles, Mechanical Goods, Others), End-User (Automotive Industry, Pharmaceutical Industry, Consumer Products, Rubber Industries, Construction Industries, Others) – Industry Trends and Forecast to 2029

Market Analysis and Size

Over the years, butyl rubber has been expanding significantly and the expansion rate is projected to accelerate over forecast period. The major key players are focusing on developing innovative materials and high-grade butyl rubber. For instance, to improve fuel efficiency, the manufacturers developed halo-butyl rubber. The application of halo-butyl in tire treads improves dynamic properties such as rolling resistance and wet and dry traction. Therefore, the accelerated pace of developments and innovations within the market will aid the market to gain traction.

Global Butyl Rubber Market was valued at USD 3.57 billion in 2021 and is expected to reach USD 5.30 billion by 2029, registering a CAGR of 5.05% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

By Type (Regular Butyl, Brominated Butyl, Chlorinated Butyl), Application (Adhesives, Sealant for Rubber Roof Repair, Tubeless Tire Liners, Medicine Bottles, Mechanical Goods, Others), End-User (Automotive Industry, Pharmaceutical Industry, Consumer Products, Rubber Industries, Construction Industries, Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

Arlanxeo (Netherlands), JSR Corporation (Japan), China Petrochemical Corporation (China), Sibur International GmbH (Austria), Reliance Industries Limited (India), PJSC Nizhnekamskneftekhim (Russia), Exxon Mobile Corporation (U.S.),  Huntsman International LLC. (U.S.), Zhejiang Cenway New Synthetic Materials Co., Ltd. (China), Timco Rubber (U.S.), SABIC (Saudi Arabia), LANXESS (German), LyondellBasell Industries Holdings B.V. (U.S.), INEOS AG (U.K.), Eni S.p.A. (Italy), Formosa Plastics Corporation (Taiwan) and  TPC Group (U.S.)

Market Opportunities

  • Surging focus towards developing innovative materials
  • Various developments by the market players

Market Definition

Butyl rubber is a type of polymer or synthetic rubber and has different chemical and physical properties. It is linked with two monomers, isobutylene and isoprene. There are numerous butyl rubber applications, including high flexibility, biocompatibility, air tight and gas impermeability (specific), good vibration damper, good weathering, and chemical and heat resistance.

Butyl Rubber Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • High Adoption from Automotive Sector

The global market for butyl rubber benefits from the rising demand for vehicle tires and tubing. The growing automotive industry further boosts the expansion of the market for OEM tyres. With the continued growth of the automotive industry in developing economies, demand for raw materials, such as butyl rubber, has risen dramatically. Thanks to rising purchasing power, the sales of passenger and commercial vehicles are soaring in countries like China, Mexico, and India.

  • Increased Awareness regarding Beneficial Properties

Butyl rubber has excellent properties such as chemical resistance and high flexibility when used in tyres and tubes. It has the property of gas permeability and will extend the life of the tire. Also, due to its low gas permeability and flexibility, it is an excellent material for tire inner tubes. The growing recognition and awareness regarding these beneficial properties is estimated to have huge demand across various industries.

  • High Demand Across Other Applications

The increased use of butyl rubber as a sealant material in construction and other applications has fueled the butyl rubber market's growth. The construction industry has been open to the use of insulation innovations, which has increased demand for butyl rubber in the construction industry. High demand for the butyl rubber's demand as a binding agent in explosives and the mining industry's demand for explosives will drive its demand over the forecast period. Moreover, the butyl rubber is also experiencing a surge in demand from a variety of other application areas such as the protective clothing, pharmaceutical stoppers, closures, vials and tubes, electrical cables, hoses, and shoe soles among others. As a result, the increased demand across the industries will accelerate the market growth.

Furthermore, the emergence of an existing tire-recycling industry in these countries also provides an incentive for marketing. The rising demand for butyl rubber for damp proofing and roof repair is expected to propel this market forward in the coming years. Furthermore, the use of food-grade butyl rubber in food applications is expected to boost demand.

Opportunities

  • Developments and Innovation

Furthermore, various developments by the market players such as new ways to reduce or mitigate the environmental harm caused by butyl rubber production as part of their corporate social responsibility efforts extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the surging focus towards developing innovative materials and high grade butyl rubber, such as halo-butyl rubber to improve fuel efficiency will further expand the future growth of the butyl rubber market.

Restraints/Challenges

  • Fluctuations in Raw Material Price

The butyl rubber industry is threatened by raw material price volatility and government policies that affect the price of butyl rubber. These factors are estimated to reduce the affordability of butyl rubber by other small end use firms, which is estimated to the hamper the overall industry's development.

  • Regulations Associated with Rubber Processing

Also, there are various VOC pollution regulations that are associated with the butyl rubber due to rubber processing, which is anticipated to be a demerit for the butyl rubber market. Therefore, this factor will challenge the butyl rubber market growth rate.

Moreover, other industry isndustry issues are environmental concerns for the industry, so contamination in the rubber manufacturing process is still a major health concern. It has a low tolerance for aliphatic sugars and aromatic hydrocarbons. In addition to this, the availability of alternatives is also projected to impede the market growth.

This butyl rubber market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the butyl rubber market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Butyl Rubber Market

The recent outbreak of coronavirus had a negative impact on the butyl rubber market. The butyl rubber industry has recently been impacted by the COVID-19 pandemic, with much of the manufacturing production temporarily shut down. As a result, the market and supply chain have been impacted, limiting growth. Moreover, the novel coronavirus pandemic has posed significant challenges to the global construction industry on multiple fronts. Impacts experienced by industry members range from reduced availability of goods and labor to the suspension of parties or entire projects, resulting in low construction output. These factors had a negative impact on the butyl rubber industry's steady growth, as it is a major end-user of butyl rubber adhesives and sealants. Over the forecast period, the aforementioned determinants will weigh the market's revenue trajectory over the forecast period.

On the brighter side, the significant recovery in EU car sales following the sharp drop during the pandemic, on the other hand, may contribute to industry growth in the near future. According to the ACEA (European Automobile Manufacturers' Association), automotive sales in the region are expected to increase by more than 10% in 2021 compared to 2020. Butyl rubber applications in the automotive domain, including the manufacture of inner tubes in tyres, are likely to expand as a result of this favorable growth trajectory.

Recent Developments

  • In July 2021, MRF, the world's largest tyre manufacturer, has stated that it is considering developing raw materials with domestic partners in order to reduce reliance on imports. The company collaborates with domestic sources to develop raw materials such as sulphur, butyl rubber, microcrystalline wax, and tackifier resin as part of the import replacement programme.
  • In May 2021, Local voters have approved PJSC Nizhnekamskneftekhim (NKNH) proceeding with a technical re-equipment. The company held a public hearing on April 30 to discuss the project's dimensions and environmental impact assessment. As part of the technical improvement, NKNH will reduce butyl rubber production at its production site and convert a 50 kilotonne per annum capacity to halobutyl rubber, a major raw material for tyre manufacturing. The decision was made in response to rising demand for environmentally friendly and cost-effective tubeless tyres.
  • In August 2020, Cenway finished a butyl rubber upgrade project in Panjin, Liaoning province, and began production on August 18. According to local government, the synthetic rubber manufacturer established a wholly owned subsidiary in Panjin last December called Panjin Cenway New Materials. As per the official document, Cenway acquired butyl rubber facilities in the city, and the upgrade project took three months to complete.

Global Butyl Rubber Market Scope

The butyl rubber market is segmented on the basis of type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Regular Butyl
  • Brominated Butyl
  • Chlorinated Butyl

Application

  • Adhesives
  • Sealant for Rubber Roof Repair
  • Tubeless Tire Liners
  • Medicine Bottles
  • Mechanical Goods
  • Others

End-User

  • Automotive Industry
  • Pharmaceutical Industry
  • Consumer Products
  • Rubber Industries
  • Construction Industries
  • Others

Butyl Rubber Market Regional Analysis/Insights

The butyl rubber market is analyzed and market size insights and trends are provided by country, type, application and end-user as referenced above.

The countries covered in the butyl rubber market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the rapid industrial development within the region. China leads the world in automobile production, which bodes well for the country's Butyl Rubber Industry. Furthermore, rising demand for passenger and commercial vehicles in countries such as India and China is boosting the region's butyl rubber market.

On the other hand, North America is estimated to show lucrative growth over the forecast period of 2022-2029, due to the high expansion of pharmaceutical industry within the region due to increased customer healthcare awareness, which boost the application of medical gloves. Moreover, the new U.S. reforms have accelerated the country's industrialization rate, which is expected to provide a favorable environment for business growth.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Butyl Rubber Market Share Analysis

The butyl rubber market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to butyl rubber market.

Some of the major players operating in the butyl rubber market are

  • Arlanxeo (Netherlands)
  • JSR Corporation (Japan)
  • China Petrochemical Corporation (China)
  • Sibur International GmbH (Austria)
  • Reliance Industries Limited (India)
  • PJSC Nizhnekamskneftekhim (Russia)
  • Exxon Mobile Corporation (U.S.)
  • Huntsman International LLC. (U.S.)
  • Zhejiang Cenway New Synthetic Materials Co., Ltd. (China)
  • Timco Rubber (U.S.)
  • SABIC (Saudi Arabia)
  • LANXESS (German)
  • LyondellBasell Industries Holdings B.V. (U.S.)
  • INEOS AG (U.K.), Eni S.p.A. (Italy)
  • Formosa Plastics Corporation (Taiwan)
  • TPC Group (U.S.)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

Global Butyl rubber Market is expected to show a value of USD 5.30 billion by 2029.
The Butyl Rubber Market is estimated to register a CAGR of 5.05% within the forecast period.
The major players operating in the Butyl Rubber Market are Arlanxeo (Netherlands), JSR Corporation (Japan), China Petrochemical Corporation (China), Sibur International GmbH (Austria), Reliance Industries Limited (India), PJSC Nizhnekamskneftekhim (Russia), Exxon Mobile Corporation (U.S.), Huntsman International LLC. (U.S.), Zhejiang Cenway New Synthetic Materials Co., Ltd. (China), Timco Rubber (U.S.), SABIC (Saudi Arabia), LANXESS (German), LyondellBasell Industries Holdings B.V. (U.S.), INEOS AG (U.K.), Eni S.p.A. (Italy), Formosa Plastics Corporation (Taiwan) and TPC Group (U.S.).
The major countries covered in the Butyl Rubber Market are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials