Butyl Rubber Market Trends, Growth Forecast 2019 – 2025

Global Market Insights, Inc. has added a new report on Butyl Rubber Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape Industry in tandem with its competitive terrain.

Global Butyl Rubber Market will be primarily driven by growth in automotive and general manufacturing industry. The product is widely used in tire lining and regular butyl rubber provides excellent inflation pressure retention in bicycle, truck, industrial and specialty tires. Butyl rubber is also known as Isobutylene Isoprene Rubber (IIR).

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Growth in construction industry will be complimenting product demand for adhesives and sealants over the forecast period. Isobutylene isoprene rubber has excellent weathering, heat and chemical resistance, thus highly desirable in construction industry for sealing roofs, lining ponds and tanks. Construction industry in the Middle East is steadily growing and with nations including Saudi Arabia and UAE spending massive amounts in building public infrastructure, product demand is likely to augment over the forecast period.

On the basis of type, the butyl rubber market is segmented into regular, chlorinated and brominated butyl rubber. Chlorinated and brominated types fall under the halogenated butyl rubber category. These halogenated butyl rubbers cure much faster than regular butyl rubber and can be covulcanised with highly unsaturated elastomers. Chlorinated butyl rubber is likely to expand with significant CAGR during the forecast timespan.

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According to end-users, the butyl rubber market is classified into medical, automotive, consumer products, construction and others. Automotive is a major end-user of the product and the demand is likely to witness urge over the forecast duration owing to rising passenger vehicle sales across the globe. The product application in automotive produces more durable tubeless tires with air retaining inner lining chemically bonded to tire body.

The product has various application and is mainly categorized into sealants for roof repair, tire liners, medical equipment, mechanical goods and others. Other segment includes consumer and industrial goods. The tire liners segment will be experiencing prominent growth in the coming years owing to huge demand from automotive sector globally.  Asia Pacific, mainly due to China, will be leading global butyl rubber market, in terms of production and demand over the forecast duration. China has an extensive base of mechanical and consumer goods manufacturers. Moreover, due to cost competitive raw materials and labor.

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The butyl rubber industry is very competitive and multi-national giants have a wide distribution network coupled with extensive product lines, which gives them a competitive edge over others in this industry. ExxonMobil and Lanxess are two such important players of this industry. Other companies operational in this industry include Sinopec Beijing Yanhua Petrochemical Company Limited, Rishiroop Group, Kiran Rubber Industries Pvt. Ltd. and Timco Rubber.  

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