Butyl Rubber Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Butyl rubber is a polymer with unique chemical and physical properties. Butyl rubber’s impermeability to moisture and gases makes it ideal for manufacturing tubeless tires. Butyl rubber has wide range of applications including protective clothing, chewing gum and pharmaceutical medications. Butyl rubber has superior impermeability, and the long polyisobutylene segment of its polymer chain gives it excellent flex property. In addition, butyl rubber has good chemical resistance, outstanding heat resistance, excellent aging stability, superior damping properties and excellent ozone and weather resistance. Furthermore, butyl rubber has superior electrical insulation properties, fast cure rate requiring lower amounts of vulcanizing agents and good adhesion to other types of rubber. The raw materials used for manufacturing butyl rubber are isoprene and isobutylene. These components are polymerized at -100 degree Celsius, the temperature at which butyl rubber forms.

Butyl rubber is not permeable to air and can be used in numerous applications requiring an airtight rubber. In addition, butyl rubber can be used as fuel and lubricant additive. As a fuel additive, butyl rubber has detergent properties. When butyl rubber is added to diesel fuel, it resists fouling of fuel injectors, leading to reduced particulate emissions and hydrocarbon. Furthermore, butyl rubber is utilized by the explosives industry as a binding agent in plastic explosives such C-4. Butyl rubber binder is used to make the explosive less sensitive to premature detonation as well as making it easier to mold and handle.

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Butyl rubber is a robust elastomer when subjected to decontamination materials and chemical warfare agents. It is harder and less porous material than other elastomers such as silicone and natural rubber and has elasticity to form as airtight seal. Butyl rubber sealant is used for maintenance of roof membranes, rubber roof repair and damp proofing. Butyl rubber is commonly used for manufacturing rubber stoppers used for sealing medicine bottles and vials. Butyl rubber can also be used for the innerliner that holds the air in the tire.

The growth in end user industries is expected to increase the consumption of butyl rubber. The tubes and tire industry is growing at a rapid rate, especially in emerging economies of Asia Pacific and Latin America and this is expected to boost demand for butyl rubber. However fluctuating raw material prices and availability of substitutes could hamper the growth of this market.

Butyl rubber has an extensive market due to its wide range of applications in end user industries. Asia Pacific is the largest market for butyl rubber followed by North America and Europe. China and India are major consumers of butyl rubber in Asia Pacific. Malaysia, Indonesia, Vietnam, Australia, Hong Kong, New Zealand, Macau and Republic of Korea are other major consumers of butyl rubber in Asia Pacific. Butyl rubber is a mature product in North America and Europe and expected to experience a moderate growth.

The butyl rubber business is highly consolidated. The market is dominated by large and medium chemical companies. Some of the key players in this market are ExxonMobil Chemical (U.S.), Lanxess AG (Germany), Japan Butyl Company (Japan), Yanhua Petrochemical Company (China), Nizhnekamskneftekhim JSC (Russia), Kiran Rubber Industries Pvt. Ltd.(India), Timco Rubber (U.S.), Reliance Industries Ltd.(India) and Togliattikauchuk Ltd (Russia) among others. ExxonMobil Chemical and Lanxess AG produces majority of the world output. Companies are using strategic acquisitions to remain competitive in the market. In addition, companies are expanding their presence in China and India to increase their market share.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

-North America
-Asia Pacific
-Europe
-Rest of the World

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