PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1636751
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1636751
Butyl Rubber Market Forecasts to 2030 - Global Analysis by Product, Application, End User and By Geography
According to Stratistics MRC, the Global Butyl Rubber Market is accounted for $4.4 billion in 2024 and is expected to reach $7.6 billion by 2030 growing at a CAGR of 9.5% during the forecast period. Butyl rubber, commonly known as isobutylene-isoprene rubber (IIR), is a synthetic elastomer created by copolymerizing isobutylene with a tiny amount of isoprene. Because of its remarkable gas impermeability, it is frequently utilized in airtight applications including liners, inner tubes, and seals. Butyl rubber is ideal for industrial, medicinal, and automotive applications because to its exceptional resistance to heat, ozone, and aging. Its adaptability and dampening qualities further enhance its ability to effectively isolate and insulate against vibration. The material is useful in a variety of demanding settings, such as chemical storage and protective coatings, due to its low gas permeability and chemical inertness.
Market Dynamics:
Driver:
Rising Demand in Automotive Industry
The rising demand in the automotive industry significantly drives the market. Its exceptional air retention properties make it indispensable for tire inner liners and tubes, enhancing fuel efficiency and vehicle safety. Additionally, its heat and chemical resistance supports its use in engine mounts, gaskets, and sealing systems. With the automotive sector's growth, particularly in emerging economies, the demand for high-performance materials like butyl rubber is increasing. The industry's focus on lightweight, durable, and energy-efficient vehicles further amplifies this demand.
Restraint:
Volatility in Raw Material Prices
Volatility in raw material prices, particularly for isobutylene and isoprene, creates significant challenges for the butyl rubber market. Fluctuating costs can lead to unpredictable production expenses, affecting profitability and pricing strategies. Manufacturers may face difficulties in maintaining consistent quality and supply, reducing market competitiveness. This instability can also delay projects, hinder long-term contracts, and increase the risk of supply chain disruptions, limiting overall market growth potential.
Opportunity:
Emerging Trends in Sustainable Rubber
Emerging trends in sustainable rubber are driving significant growth in the market. The development of bio-based butyl rubber from renewable sources aligns with increasing environmental awareness and regulatory pressures for greener materials. This innovation reduces reliance on petroleum-based inputs, appealing to eco-conscious industries like automotive and construction. Additionally, advancements in recycling technologies for butyl rubber enhance its sustainability profile, further boosting its adoption. These trends not only address environmental concerns but also create new opportunities for market expansion.
Threat:
Limited Recycling Capabilities
Limited recycling capabilities of butyl rubber hinder its market growth by contributing to environmental concerns and increasing disposal costs. The challenges in effectively recycling this synthetic material reduce its sustainability appeal, especially in industries focused on eco-friendly solutions. Additionally, the lack of efficient recycling infrastructure leads to higher production costs and waste, limiting the widespread adoption of butyl rubber in applications that prioritize circular economy principles and sustainability.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the butyl rubber market, disrupting supply chains and reducing demand in automotive and construction sectors due to lockdowns and economic slowdowns. However, increased demand for medical stoppers, seals, and protective equipment in healthcare partially offset these declines. Post-pandemic recovery in industrial activities and infrastructure projects is gradually restoring market growth, while rising focus on healthcare continues to support demand for butyl rubber-based products.
The chlorinated butyl rubber segment is expected to be the largest during the forecast period
The chlorinated butyl rubber segment is expected to be the largest during the forecast period due to its enhanced properties, including superior heat, chemical, and ozone resistance. These characteristics make it ideal for high-performance applications such as tire inner liners, pharmaceutical closures, and industrial hoses. Its ability to improve adhesion with other materials expands its use in composite applications. Moreover, the growing demand for durable and reliable materials in automotive and healthcare sectors further accelerates the adoption of chlorinated butyl rubber, boosting market growth.
The construction segment is expected to have the highest CAGR during the forecast period
The construction segment is expected to have the highest CAGR during the forecast period owing to its extensive use in adhesives, sealants, and waterproofing applications. Butyl rubber's excellent impermeability, weather resistance, and durability make it ideal for roofing membranes, window seals, and insulation materials. With increased infrastructure development and urbanization worldwide, the demand for reliable and long-lasting construction materials has risen, boosting butyl rubber consumption. Its role in sustainable building solutions further enhances its relevance in the evolving construction sector.
Region with largest share:
North America is anticipated to hold the largest market share during the forecast period due to high demand for durable and airtight materials in tire inner liners and medical stoppers boosts its adoption. Growth in infrastructure projects further supports the use of butyl rubber in sealants and waterproofing applications. Additionally, rising environmental awareness fosters innovation in sustainable and bio-based butyl rubber. Favorable government regulations promoting advanced materials in healthcare and construction also contribute to the market's expansion in the region.
Region with highest CAGR:
Asia Pacific is anticipated to witness the highest CAGR over the forecast period because of the fast urbanization and industrialization that has occurred, especially in China and India. Demand for tire inner liners and tubes is driven by the growing automotive industry, and butyl rubber is being used more often in medical stoppers and seals due to the growth of the pharmaceutical and healthcare sectors. The need for adhesives and sealants is further increased by an increase in building activity. The market's potential in this vibrant and expanding economy is further enhanced by increased manufacturing investments.
Key players in the market
Some of the key players in Butyl Rubber market include Arlanxeo, China Petrochemical Corporation (Sinopec), Denka Company Ltd., Exxon Mobil Corporation, Formosa Synthetic Rubber Corporation, Huntsman International LLC, JSR Corporation, Kraton Polymers, Kumho Petrochemical Company Ltd, LANXESS AG, LG Chem, Mitsui Chemical Inc., Nizhnekamskneftekhim, Reliance Industries Limited, SABIC, SIBUR International GmbH, The Goodyear Tire and Rubber Company, Timco Rubber, Trinseo and Zeon Corporation.
Key Developments:
In August 2024, JSR Corporation announced the successful completion of its acquisition of all outstanding shares of Yamanaka Hutech Corporation. The transaction makes YHC a wholly-owned subsidiary of JSR.
In September 2022, Ajinomoto Co., Inc. has reached an agreement with JSR Corporation to collaborate on the global expansion of its biopharmaceutical culture media business, adding new high-performance media developed by JSR, to Ajinomoto Co.'s product lineup.
In March 2022, JSR enters into Contract R&D Agreement with AMED for development of basic technologies for next-generation therapeutics and diagnostics.
Products Covered:
- Regular Butyl Rubber
- Halogenated Butyl Rubber
Applications Covered:
- Tires and Tubes
- Hoses and Gaskets
- Adhesives and Sealants
- Medical Equipment
- Other Applications
End Users Covered:
- Automotive
- Pharmaceutical
- Consumer
- Construction
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 Application Analysis
- 3.8 End User Analysis
- 3.9 Emerging Markets
- 3.10 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Butyl Rubber Market, By Product
- 5.1 Introduction
- 5.2 Regular Butyl Rubber
- 5.3 Halogenated Butyl Rubber
- 5.3.1 Chlorinated Butyl Rubber
- 5.3.2 Brominated Butyl Rubber
6 Global Butyl Rubber Market, By Application
- 6.1 Introduction
- 6.2 Tires and Tubes
- 6.3 Hoses and Gaskets
- 6.4 Adhesives and Sealants
- 6.5 Medical Equipment
- 6.6 Other Applications
7 Global Butyl Rubber Market, By End User
- 7.1 Introduction
- 7.2 Automotive
- 7.3 Pharmaceutical
- 7.4 Consumer
- 7.5 Construction
- 7.6 Other End Users
8 Global Butyl Rubber Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Arlanxeo
- 10.2 China Petrochemical Corporation (Sinopec)
- 10.3 Denka Company Ltd.
- 10.4 Exxon Mobil Corporation
- 10.5 Formosa Synthetic Rubber Corporation
- 10.6 Huntsman International LLC
- 10.7 JSR Corporation
- 10.8 Kraton Polymers
- 10.9 Kumho Petrochemical Company Ltd
- 10.10 LANXESS AG
- 10.11 LG Chem
- 10.12 Mitsui Chemical Inc.
- 10.13 Nizhnekamskneftekhim
- 10.14 Reliance Industries Limited
- 10.15 SABIC
- 10.16 SIBUR International GmbH
- 10.17 The Goodyear Tire and Rubber Company
- 10.18 Timco Rubber
- 10.19 Trinseo
- 10.20 Zeon Corporation
List of Tables
- Table 1 Global Butyl Rubber Market Outlook, By Region (2022-2030) ($MN)
- Table 2 Global Butyl Rubber Market Outlook, By Product (2022-2030) ($MN)
- Table 3 Global Butyl Rubber Market Outlook, By Regular Butyl Rubber (2022-2030) ($MN)
- Table 4 Global Butyl Rubber Market Outlook, By Halogenated Butyl Rubber (2022-2030) ($MN)
- Table 5 Global Butyl Rubber Market Outlook, By Chlorinated Butyl Rubber (2022-2030) ($MN)
- Table 6 Global Butyl Rubber Market Outlook, By Brominated Butyl Rubber (2022-2030) ($MN)
- Table 7 Global Butyl Rubber Market Outlook, By Application (2022-2030) ($MN)
- Table 8 Global Butyl Rubber Market Outlook, By Tires and Tubes (2022-2030) ($MN)
- Table 9 Global Butyl Rubber Market Outlook, By Hoses and Gaskets (2022-2030) ($MN)
- Table 10 Global Butyl Rubber Market Outlook, By Adhesives and Sealants (2022-2030) ($MN)
- Table 11 Global Butyl Rubber Market Outlook, By Medical Equipment (2022-2030) ($MN)
- Table 12 Global Butyl Rubber Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 13 Global Butyl Rubber Market Outlook, By End User (2022-2030) ($MN)
- Table 14 Global Butyl Rubber Market Outlook, By Automotive (2022-2030) ($MN)
- Table 15 Global Butyl Rubber Market Outlook, By Pharmaceutical (2022-2030) ($MN)
- Table 16 Global Butyl Rubber Market Outlook, By Consumer (2022-2030) ($MN)
- Table 17 Global Butyl Rubber Market Outlook, By Construction (2022-2030) ($MN)
- Table 18 Global Butyl Rubber Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 19 North America Butyl Rubber Market Outlook, By Country (2022-2030) ($MN)
- Table 20 North America Butyl Rubber Market Outlook, By Product (2022-2030) ($MN)
- Table 21 North America Butyl Rubber Market Outlook, By Regular Butyl Rubber (2022-2030) ($MN)
- Table 22 North America Butyl Rubber Market Outlook, By Halogenated Butyl Rubber (2022-2030) ($MN)
- Table 23 North America Butyl Rubber Market Outlook, By Chlorinated Butyl Rubber (2022-2030) ($MN)
- Table 24 North America Butyl Rubber Market Outlook, By Brominated Butyl Rubber (2022-2030) ($MN)
- Table 25 North America Butyl Rubber Market Outlook, By Application (2022-2030) ($MN)
- Table 26 North America Butyl Rubber Market Outlook, By Tires and Tubes (2022-2030) ($MN)
- Table 27 North America Butyl Rubber Market Outlook, By Hoses and Gaskets (2022-2030) ($MN)
- Table 28 North America Butyl Rubber Market Outlook, By Adhesives and Sealants (2022-2030) ($MN)
- Table 29 North America Butyl Rubber Market Outlook, By Medical Equipment (2022-2030) ($MN)
- Table 30 North America Butyl Rubber Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 31 North America Butyl Rubber Market Outlook, By End User (2022-2030) ($MN)
- Table 32 North America Butyl Rubber Market Outlook, By Automotive (2022-2030) ($MN)
- Table 33 North America Butyl Rubber Market Outlook, By Pharmaceutical (2022-2030) ($MN)
- Table 34 North America Butyl Rubber Market Outlook, By Consumer (2022-2030) ($MN)
- Table 35 North America Butyl Rubber Market Outlook, By Construction (2022-2030) ($MN)
- Table 36 North America Butyl Rubber Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 37 Europe Butyl Rubber Market Outlook, By Country (2022-2030) ($MN)
- Table 38 Europe Butyl Rubber Market Outlook, By Product (2022-2030) ($MN)
- Table 39 Europe Butyl Rubber Market Outlook, By Regular Butyl Rubber (2022-2030) ($MN)
- Table 40 Europe Butyl Rubber Market Outlook, By Halogenated Butyl Rubber (2022-2030) ($MN)
- Table 41 Europe Butyl Rubber Market Outlook, By Chlorinated Butyl Rubber (2022-2030) ($MN)
- Table 42 Europe Butyl Rubber Market Outlook, By Brominated Butyl Rubber (2022-2030) ($MN)
- Table 43 Europe Butyl Rubber Market Outlook, By Application (2022-2030) ($MN)
- Table 44 Europe Butyl Rubber Market Outlook, By Tires and Tubes (2022-2030) ($MN)
- Table 45 Europe Butyl Rubber Market Outlook, By Hoses and Gaskets (2022-2030) ($MN)
- Table 46 Europe Butyl Rubber Market Outlook, By Adhesives and Sealants (2022-2030) ($MN)
- Table 47 Europe Butyl Rubber Market Outlook, By Medical Equipment (2022-2030) ($MN)
- Table 48 Europe Butyl Rubber Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 49 Europe Butyl Rubber Market Outlook, By End User (2022-2030) ($MN)
- Table 50 Europe Butyl Rubber Market Outlook, By Automotive (2022-2030) ($MN)
- Table 51 Europe Butyl Rubber Market Outlook, By Pharmaceutical (2022-2030) ($MN)
- Table 52 Europe Butyl Rubber Market Outlook, By Consumer (2022-2030) ($MN)
- Table 53 Europe Butyl Rubber Market Outlook, By Construction (2022-2030) ($MN)
- Table 54 Europe Butyl Rubber Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 55 Asia Pacific Butyl Rubber Market Outlook, By Country (2022-2030) ($MN)
- Table 56 Asia Pacific Butyl Rubber Market Outlook, By Product (2022-2030) ($MN)
- Table 57 Asia Pacific Butyl Rubber Market Outlook, By Regular Butyl Rubber (2022-2030) ($MN)
- Table 58 Asia Pacific Butyl Rubber Market Outlook, By Halogenated Butyl Rubber (2022-2030) ($MN)
- Table 59 Asia Pacific Butyl Rubber Market Outlook, By Chlorinated Butyl Rubber (2022-2030) ($MN)
- Table 60 Asia Pacific Butyl Rubber Market Outlook, By Brominated Butyl Rubber (2022-2030) ($MN)
- Table 61 Asia Pacific Butyl Rubber Market Outlook, By Application (2022-2030) ($MN)
- Table 62 Asia Pacific Butyl Rubber Market Outlook, By Tires and Tubes (2022-2030) ($MN)
- Table 63 Asia Pacific Butyl Rubber Market Outlook, By Hoses and Gaskets (2022-2030) ($MN)
- Table 64 Asia Pacific Butyl Rubber Market Outlook, By Adhesives and Sealants (2022-2030) ($MN)
- Table 65 Asia Pacific Butyl Rubber Market Outlook, By Medical Equipment (2022-2030) ($MN)
- Table 66 Asia Pacific Butyl Rubber Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 67 Asia Pacific Butyl Rubber Market Outlook, By End User (2022-2030) ($MN)
- Table 68 Asia Pacific Butyl Rubber Market Outlook, By Automotive (2022-2030) ($MN)
- Table 69 Asia Pacific Butyl Rubber Market Outlook, By Pharmaceutical (2022-2030) ($MN)
- Table 70 Asia Pacific Butyl Rubber Market Outlook, By Consumer (2022-2030) ($MN)
- Table 71 Asia Pacific Butyl Rubber Market Outlook, By Construction (2022-2030) ($MN)
- Table 72 Asia Pacific Butyl Rubber Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 73 South America Butyl Rubber Market Outlook, By Country (2022-2030) ($MN)
- Table 74 South America Butyl Rubber Market Outlook, By Product (2022-2030) ($MN)
- Table 75 South America Butyl Rubber Market Outlook, By Regular Butyl Rubber (2022-2030) ($MN)
- Table 76 South America Butyl Rubber Market Outlook, By Halogenated Butyl Rubber (2022-2030) ($MN)
- Table 77 South America Butyl Rubber Market Outlook, By Chlorinated Butyl Rubber (2022-2030) ($MN)
- Table 78 South America Butyl Rubber Market Outlook, By Brominated Butyl Rubber (2022-2030) ($MN)
- Table 79 South America Butyl Rubber Market Outlook, By Application (2022-2030) ($MN)
- Table 80 South America Butyl Rubber Market Outlook, By Tires and Tubes (2022-2030) ($MN)
- Table 81 South America Butyl Rubber Market Outlook, By Hoses and Gaskets (2022-2030) ($MN)
- Table 82 South America Butyl Rubber Market Outlook, By Adhesives and Sealants (2022-2030) ($MN)
- Table 83 South America Butyl Rubber Market Outlook, By Medical Equipment (2022-2030) ($MN)
- Table 84 South America Butyl Rubber Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 85 South America Butyl Rubber Market Outlook, By End User (2022-2030) ($MN)
- Table 86 South America Butyl Rubber Market Outlook, By Automotive (2022-2030) ($MN)
- Table 87 South America Butyl Rubber Market Outlook, By Pharmaceutical (2022-2030) ($MN)
- Table 88 South America Butyl Rubber Market Outlook, By Consumer (2022-2030) ($MN)
- Table 89 South America Butyl Rubber Market Outlook, By Construction (2022-2030) ($MN)
- Table 90 South America Butyl Rubber Market Outlook, By Other End Users (2022-2030) ($MN)
- Table 91 Middle East & Africa Butyl Rubber Market Outlook, By Country (2022-2030) ($MN)
- Table 92 Middle East & Africa Butyl Rubber Market Outlook, By Product (2022-2030) ($MN)
- Table 93 Middle East & Africa Butyl Rubber Market Outlook, By Regular Butyl Rubber (2022-2030) ($MN)
- Table 94 Middle East & Africa Butyl Rubber Market Outlook, By Halogenated Butyl Rubber (2022-2030) ($MN)
- Table 95 Middle East & Africa Butyl Rubber Market Outlook, By Chlorinated Butyl Rubber (2022-2030) ($MN)
- Table 96 Middle East & Africa Butyl Rubber Market Outlook, By Brominated Butyl Rubber (2022-2030) ($MN)
- Table 97 Middle East & Africa Butyl Rubber Market Outlook, By Application (2022-2030) ($MN)
- Table 98 Middle East & Africa Butyl Rubber Market Outlook, By Tires and Tubes (2022-2030) ($MN)
- Table 99 Middle East & Africa Butyl Rubber Market Outlook, By Hoses and Gaskets (2022-2030) ($MN)
- Table 100 Middle East & Africa Butyl Rubber Market Outlook, By Adhesives and Sealants (2022-2030) ($MN)
- Table 101 Middle East & Africa Butyl Rubber Market Outlook, By Medical Equipment (2022-2030) ($MN)
- Table 102 Middle East & Africa Butyl Rubber Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 103 Middle East & Africa Butyl Rubber Market Outlook, By End User (2022-2030) ($MN)
- Table 104 Middle East & Africa Butyl Rubber Market Outlook, By Automotive (2022-2030) ($MN)
- Table 105 Middle East & Africa Butyl Rubber Market Outlook, By Pharmaceutical (2022-2030) ($MN)
- Table 106 Middle East & Africa Butyl Rubber Market Outlook, By Consumer (2022-2030) ($MN)
- Table 107 Middle East & Africa Butyl Rubber Market Outlook, By Construction (2022-2030) ($MN)
- Table 108 Middle East & Africa Butyl Rubber Market Outlook, By Other End Users (2022-2030) ($MN)
