The global butyl rubber market was valued for USD XXX billion in 2016 and is estimated to grow to USD XXX billion by 2025. Butyl rubber is popular as Isobutylene-isoprene rubber, and is a synthetic rubber. It is formed by process of copolymerizing isobutylene. Industry experts predict the fastest growth of xx% for this market in the forecast period. This is on account of the superior product properties in comparison to natural rubber, tear strength, aging and heat resistance properties which has made it more popular in comparison to normal rubber.
The major contribution in the butyl rubber market size is by companies ExxonMobil Chemical, Lanxess, Japan Butyl Company, Yanhua Petrochemical Company, Xiongye Chemical, and some more. ExxonMobil Chemicals is the leader contributor in China Butyl rubber market. The key players are also keen to work in line with the new emission standards set by Government, which requires manufacturers to reduce fuel consumption in trailers and tractors. To improve the fuel efficiency industry experts are focusing on developing new and innovative materials and high grade butyl rubber. In turn causing addition to butyl rubber market size.
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Butyl rubber market can be segmented by Type as Regular, Chlorinated and Brominated. Based on Application it can be segmented as Adhesives, Sealants used as rubber roof repair, Tubeless tire liners and many more. Based on end user, it is segmented as Automotive Industry, Pharmaceutical Industry, Rubber Industries and many more.
The negative impact on air pollution caused by use of Isobutylene is a major concern area. Isobutylene, a liquid, when released into the atmosphere causes eye and nose irritation and nausea. Governments have worked and tried to set up standards to ensure minimizing the impact of same. Special skill set is required for production of butyl rubber so the scope of new competition in butyl rubber industry is very less. The current trends indicate a steady increase in demand of the butyl rubber industry with major business coming from the Asia Pacific region of the world. Butyl rubber is popular for its various features and uses across the globe. It is garnering attention and becoming popular amongst the end users ensuring its market space. Segmentation for global butyl rubber market :
The various segments of Global Butyl Rubber Market are, End Users: • Automotive Industry • Pharmaceutical Industry • Rubber Industries Types: • Regular • Chlorinated • Brominated Applications: • Adhesives • Sealants used as rubber roof repair • Tubeless tire liners Regions: • North America • Europe • Asia Pacific • Central & South America • Middle East & Africa
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