The global butyl rubber market is projected to be valued at around 5.28 (USD Billion) by 2025 at a CAGR of approximately 7.34% over 2019-2025. The report offers valuation and analysis of the butyl rubber market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, restraints, sales evaluations, opportunities, current & emerging trends, and industry-validated market figures. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Billion).
Introduction
Butyl rubber is also referred to as isobutylene-isoprene rubber and is produced through cationic polymerization. According to NCBI, the product was first commercialized in 1940 and has been modified by myriad research organizations since 1972.
Key Growth Drivers
Butyl rubber industry is set to gain traction over the forecast period owing to its massive use in adhesives, consumer products, and healthcare sectors. Apart from this, the product is used in the manufacturing of tires and finds massive applications in adhesives. Furthermore, the outstanding gas barrier & good flex characteristics of butyl rubber has boosted its use across various industries. Furthermore, butyl rubber sorbent has helped in removing PAH toxicity to a larger extent. Apparently, the escalating use of the product for repairing roofs will prompt the growth of the butyl rubber industry over the forthcoming years.
Product-wise, the butyl rubber industry is segregated into Bromo Butyl, Regular Butyl, and Chloro Butyl. Based on the application, the market is sectored into Adhesives, Sealants, Stoppers, Consumer Products, Tires & Lubes, Pharmaceutical & Healthcare, Industrial & Medical Gloves, and Others. On the basis of region, the industry is divided into North America, Asia Pacific, Latin America, the Middle East and Africa, and Europe.
Asia Pacific To Make Major Contributions Towards Overall Market Growth By 2025
The growth of the regional market during the forecast timeline is owing to the large-scale use of butyl rubber in the Asia Pacific. Furthermore, the product has garnered huge demand across countries like Malaysia, Indonesia, Vietnam, the Republic of Korea, Hong Kong, Macau, and Australia.
Key players profiled in the report include Nizhnekamskneftekhim JSC, Togliattikauchuk Ltd., Japan Butyl Company, Kiran Rubber Industries Pvt. Ltd., ExxonMobil Chemical, Timco Rubber, Lanxess AG, Reliance Industries Ltd., and Yanhua Petrochemical Company.
Furthermore, as a part of corporate social responsibility, industry players are trying to coin new ways to lessen/mitigate the ecological damage caused as a result of the production of butyl rubber and this is likely to promote the business growth trends in the foreseeable future.
The global butyl rubber market is segmented as follows:
By Product
- Bromo Butyl
- Regular Butyl
- Chloro Butyl
By Application
- Adhesives, Sealants, Stoppers
- Consumer products
- Tires & Lubes
- Pharmaceutical & Healthcare
- Industrial & Medical Gloves
- Others
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
