Butyl Rubber Market
Butyl Rubber Market Study by Regular, Halo, Bromo, and Chloro-Butyl Rubber for Adhesives, Sealants, Tires & Tubes, Medical Gloves, and Stoppers from 2024 to 2034
Analysis of Butyl Rubber Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Butyl Rubber Market Outlook (2024 to 2034)
The global butyl rubber market size is projected to increase at 4.8% CAGR to reach a value of US$ 6.44 billion by 2034, up from US$ 4.03 billion in 2024. Primary reason behind the growing global butyl rubber market size is high demand for the compound in tire manufacturing.
Butyl rubber is a synthetic rubber made by copolymerizing isobutylene with a small quantity of isoprene. The inner linings of car tires and other specialized applications use butyl rubber, which is valued for its weatherability, chemical inertness, and impermeability to gases.
Key Market Growth Drivers
- The automobile industry is a key end user contributing to high butyl rubber market growth. This is attributed to the industry’s extensive use of butyl rubber in tire production and the growing interest in tire composition studies.
- Butyl rubber is extremely impermeable to air, gasses, and moisture, making it ideal for applications that need an airtight atmosphere.
- In addition to its excellent shock absorption and electrical insulating qualities, butyl rubber provides a strong resistance to heat, age, weathering, chemical assault, abrasion, and tearing.
- Impermeability enables butyl rubber to successfully confine air within tires for prolonged periods. The ability to retain air is essential for sustaining proper tire pressure, which in turn is vital for guaranteeing peak performance and fuel cost in automobiles
- Shifting consumer preferences toward high-performance tires is one of the key butyl rubber market trends as customers are looking for durability, efficiency, and better handling.
| Report Attributes | Details |
|---|---|
| Butyl Rubber Market Size (2024E) | US$ 4.03 Billion |
| Forecasted Market Value (2034F) | US$ 6.44 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.8% CAGR |
| North America Market Growth Rate (2024 to 2034) | 5% CAGR |
| East Asia Market Value (2024E) | US$ 1.47 Billion |
| Sales of Halobutyl Rubber (2034F) | US$ 2.11 Billion |
| Key Companies Profiled |
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Which Butyl Rubber Market Trends Should Manufacturers Exploit?
“Role of Butyl Rubber in Vibration and Noise Reduction Driving Use in Suspension Bushings”
Butyl rubber is the only rubber substance that is insensitive to both gas and air. Butyl rubber stops gas and oxygen from flowing through a component, while others significantly reduce airflow. It is the perfect option for seals, liners, and other components since it also prevents moisture penetration. The compound helps reduce vibration and noise. Because of its durability and flexibility, butyl rubber is a great option for shock mounts, suspension bushings, and other components that are required to reduce noise and vibration in certain applications.
“Widespread Use of Butyl Rubber in Pharmaceutical Industry Contributing to Product Safety”
The automobile industry uses butyl rubber in the production of tires. Additionally, the pharmaceutical industry uses butyl rubbers to manufacture stoppers, closures, and seals for injection bottles, blood collection tubes, pharmaceutical bottles, and other infusion containers. The market is projected to grow due to the rising number of healthcare institutions and heightened public health awareness.
What are the Challenges Faced by Butyl Rubber Manufacturers?
“Fluctuations in Crude Oil Prices”
The manufacturing of butyl rubber is dependent on isobutylene and isoprene, which are petroleum products. Due to this reliance, price fluctuations in crude oil are directly affecting the cost of production of butyl rubber. These raw materials are becoming more expensive to obtain as crude oil prices rise, placing pressure on companies to either absorb higher production costs or raise the final product's price to consumers.
Decrease in the prices of crude oil is resulting in reduced production costs and, consequently, more affordable pricing for butyl rubber products. However, the profitability of butyl rubber suppliers and producers is currently being significantly impacted by these fluctuations in the cost of raw materials.
“Environmental Concerns Associated with Use of Butyl Rubber”
Concerns regarding butyl rubber's environmental effects arise from its synthetic composition, which requires petrochemicals during production. Ecological issues can arise from the production of waste and increased greenhouse gas emissions associated with the extraction and processing of petrochemicals. With increasing awareness of pollution and climate change throughout the world, authorities are imposing more stringent standards on emissions and waste management, which is creating a major challenge for butyl rubber suppliers.
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Country-wise Insights
East Asia is estimated to account for 36.5% of the global butyl rubber market share in 2024 due to growing demand for the compound in nations such as China, Japan, and South Korea. The expansion of the automobile industry, along with growing industrialization and urbanization, is driving up the need for butyl rubber in tire manufacturing and other applications.
How is the Automotive Sector in China Driving Butyl Rubber Demand?
“Increased Vehicle Production Driving Need for Butyl Rubber in Tire Production”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 836.9 Million |
| Growth Rate (2024 to 2034) | 5.4% CAGR |
| Projected Value (2034F) | US$ 1.42 Billion |
In the East Asia region, China is estimated to hold 56.9% market share in 2024. China is one of the major market players in the automotive sector due to the substantial production of vehicles, which is driving the butyl rubber sales. Butyl rubber is widely used to manufacture tires because of its beneficial properties such as air retention and durability. Additionally, consumers increasingly prefer high-performance tires for their improved handling, safety, and fuel efficiency.
Which Properties of Butyl Rubber are Manufacturers in the United States Leveraging?
“Impermeability of Butyl Rubber Driving Use in Production of Roofing Membranes”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 826.3 Million |
| Growth Rate (2024 to 2034) | 5.2% CAGR |
| Projected Value (2034F) | US$ 1.38 Billion |
Butyl rubber provides remarkable durability and resistance to degradation from heat, weathering, and ozone exposure, due to this, its demand is increasing in the United States. Tires made with butyl rubber enjoy longer service lives and reduced cracking, which decreases the need for tire replacement and maintenance costs. Butyl rubber application is not limited to tire manufacturing in the country. It is also widely used in construction, healthcare, and other sectors in products such as sealants, adhesives, roofing membranes, and pharmaceutical closures where impermeability and durability are crucial.
Category-wise Insights
Bromobutyl rubber is estimated to account for a market share of 24.3% in 2024. Chlorobutyl rubber is next in line with a market share of 20.5% in 2024, and this segment is projected to expand at a CAGR of 4% in the next 10 years.
Why is Adoption of Halobutyl Rubber Gaining Traction?
“Superior Resistance of Halobutyl Rubber to Chemicals, Oxidation, and UV Degradation”
| Attribute | Halobutyl Rubber |
|---|---|
| Segment Value (2024E) | US$ 1.27 Billion |
| Growth Rate (2024 to 2034) | 5.1% CAGR |
| Projected Value (2034F) | US$ 2.11 Billion |
Halo butyl rubber is gaining popularity compared to other product types and is being widely used for industrial purposes such as trucks' inner tubes, hoses, passenger tires, etc. Halobutyl rubber is produced using a process called halogenation. The increasing preference for halobutyl rubber stems from its superior resistance to chemicals, oxidation, and UV degradation, making it an ideal choice for tire manufacturing and other product applications. This enhances product durability and longevity.
Why is the Sales of Regular Butyl Rubber Moving Upward?
“Exceptional Barrier Properties Driving Preference for Regular Butyl Rubber”
| Attribute | Regular Butyl Rubber |
|---|---|
| Segment Value (2024E) | US$ 955 Million |
| Growth Rate (2024 to 2034) | 5.5% CAGR |
| Projected Value (2034F) | US$ 1.56 Billion |
Regular butyl rubber holds a significant market share. Since 1940, it has been extensively used for its ability to provide a barrier against hydraulic fluids containing phosphates as well as ensure superior electrical insulation performance and puncture resistance. Its flexibility has made it particularly popular in the automotive sector.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
Key players in the butyl rubber market use different tactics to gain an advantage over competitors. Some of these approaches include acquiring other companies, forming partnerships and collaborations, introducing new products, and increasing manufacturing ability. Using these strategies, companies improve their position in the market, enter new markets, and take advantage of opportunities.
Leading companies involved in the butyl rubber industry include JSR Corporation, PAO SIBUR Holding, China Petrochemical Corporation, Lanxess AG, Timco Rubber, Zhejiang Cenway New Synthetic Materials Co., Ltd., Formosa Synthetic Rubber Corporation, Royal Adhesives & Sealants, LLC, ExxonMobil Corporation, Arlanxeo, and LyondellBasell Industries Holdings B.V.
- In October 2020, Netherlands-based Arlanxeo planned to optimize resources and capabilities in its global butyl rubber production network by shutting down its neodymium polybutadiene rubber factory in Singapore.
Key Segments of Butyl Rubber Market Research
-
By Product Type :
- Regular Butyl Rubber
- Halobutyl Rubber
- Bromobutyl Rubber
- Chlorobutyl Rubber
-
By Application :
- Adhesives
- Sealants
- Tires & Tubes
- Medical Gloves
- Stoppers
-
By End-use Industry :
- Automotive
- Pharmaceuticals
- Consumer Products
- Rubber
- Construction
-
By Region :
- North America
- Europe
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
- FAQs -
What is the size of the butyl rubber market in 2024?
The global butyl rubber market is estimated to reach US$ 4.03 billion in 2024.
At what rate is the demand for butyl rubber projected to rise?
Sales of butyl rubber are forecasted to increase at 4.8% CAGR through 2034.
What is the demand projection for butyl rubber for 2034?
The market has been forecasted to reach US$ 6.44 billion by 2034-end.
Which product type holds a significant market share of butyl rubber?
Halo butyl rubber is projected to occupy a market share of 31.5% in 2024.
At what rate is the market forecasted to expand in South Korea?
The market in South Korea is projected to expand at a CAGR of 7.1% through 2034.
Who are the leading manufacturers of butyl rubber?
Key producers of butyl rubber include JSR Corporation, PAO SIBUR Holding, and China Petrochemical Corporation.
Butyl Rubber Market