Butyl Rubber Market: Rising application in construction, healthcare, and consumer product drives the market by 2015 – 2021
Butyl rubber is a synthetic rubber or polymer and possesses unique physical and chemical properties. Butyl rubber is denoted as IIR in abbreviation which stands for isobutylene isoprene rubber. Butyl rubber is a copolymer of isobutylene with isoprene. In manufacturing process of butyl rubber the percentage of isoprene is very less compared to isobutylene. Butyl rubber is used in tires, sealants, and adhesives. Various qualities of butyl rubber include high flexibility, air tight and gas impermeability (specific), good vibration damper, biocompatibility, good weathering, heat, and chemical resistance.
Butyl rubber has widespread applications in tubes and tire industry due to its enhanced damping property. Rising application in construction, healthcare, and consumer product are supporting the growth of butyl rubber market. Further, growing demand for butyl rubber for roof repairing and damp proofing and application of food grade butyl rubber as a chewing base are further expected to stimulate the growth of butyl rubber in coming years. However, fluctuating raw material prices and availability of substitutes may restrict the growth of the market. Nonetheless, demand of butyl rubber as a binding agent in explosives is increasing significantly. It can be added to diesel fuel in order to resist fouling of fuel injectors.
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The report covers forecast and analysis for the butyl rubber market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD million). In order to give the users of this report a comprehensive view on the butyl rubber market, we have included a detailed value chain analysis. Study also covers Porter’s Five Forces model, which offers an insights view and intensity of competition within the market. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate and general attractiveness.
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The study provides a decisive view of the butyl rubber market on the basis of type, application and region. In term of type, the market segmented into regular butyl rubber and halogenated butyl rubber. On the basis of application, the butyl rubber market categorized into tires and tubes, adhesives & sealants, automotive mechanical component, pharmaceutical & healthcare, consumer products and others (industrial etc.).
Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. In Asia Pacific, China is expected to witness significant growth over the coming years.
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Key players profiled in the report includes Reliance Industries Ltd.(India), ExxonMobil Chemical (U.S.), Lanxess AG (Germany), Japan Butyl Company (Japan), Yanhua Petrochemical Company (China), Togliattikauchuk Ltd (Russia), Nizhnekamskneftekhim JSC (Russia), Timco Rubber (U.S.), and Kiran Rubber Industries Pvt. Ltd.(India) among others.
The report segments of global butyl rubber market as follows:
Butyl Rubber Market: Type Segment Analysis
- Regular butyl rubber
- Halogenated butyl rubber
Butyl Rubber Market: Application Segment Analysis
- Tyres and tubes
- Adhesives & sealants
- Automotive mechanical component
- Pharmaceutical & healthcare
- Consumer products
- Others (industrial etc.).
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