The Global Butyl Rubber Market size was valued at USD 24.15 Billion in 2023 and the total Butyl Rubber Market revenue is expected to grow at a CAGR of 4.8% from 2024 to 2030, reaching nearly USD 33.53 Billion. Butyl rubber, often referred to simply as "butyl," is a synthetic rubber made from a copolymer of isobutylene and isoprene. The abbreviation IIR stands for isobutylene isoprene rubber. The global Butyl Rubber market has experienced significant growth in recent years, reaching a size of nearly 921 thousand tonnes in 2023. The Applications in the Automotive sector will increase the market for electric vehicles. The market is dominated by the Tyre and Inner Tube industry, which accounts for around xx% of total demand. The Asia Pacific region is expected to lead the global Butyl Rubber market in both production and demand during the forecast period, Butyl rubber, often referred to simply as "butyl," is a synthetic rubber made from a copolymer of isobutylene and isoprene. The abbreviation IIR stands for isobutylene isoprene rubber. Butyl Rubber is an indispensable raw material for tire and tube manufacturing, and its demand is expected to increase further due to the growth in the automotive industry. Halogenated rubbers, such as chloro-butyl and bromo-butyl, are the dominant product types in the market, offering superior properties compared to regular rubber. The global Butyl Rubber market is partially fragmented, with major players including Lanxess AG, ExxonMobil Chemical Company, and Reliance Industries Limited. To know about the Research Methodology :- Request Free Sample ReportGlobal Butyl Rubber Market Dynamics
Driver: The growing penetration of Electrical vehicles that driving the Butyl rubber market growth. The global automotive industry is undergoing a transformation driven by factors such as decreased sales, shifting consumer preferences towards electric vehicles (EVs), changing regulatory frameworks, and the rise of car rentals and ridesharing. Despite these challenges. One notable trend is the increasing use of butyl rubber in Electric vehicles due to its high-performance characteristics compared to traditional materials. The government's support of EV policies and the shifting regulatory landscape are contributing to the expansion of the butyl rubber market. In Europe, EV sales increased by 13.7% in 2023 due to incentives provided through green recovery funds, and Europe is expected to surpass China in terms of EV sales growth over the next few years. The Asia-Pacific region, which produces more than 50% of the world's automobiles, is driving the demand for butyl rubber through technological advancements and innovations. As the automotive industry recovers and the penetration of EVs increases worldwide, the demand for butyl rubber is expected to grow during the forecast period. Environmental regulation and health hazards in Butyl rubber manufacturing industry The production of Butyl rubber has been limited due to strict environmental regulations. The manufacture of Butyl rubber, particularly butadiene rubber (BR), releases hazardous air pollutants (HAPs) such as carbon dioxide, carbon monoxide, and other harmful fumes and gases. Chemicals used in Butyl rubber production, including butadiene, styrene, and polymerization catalysts, can be toxic and pose health risks to workers, such as causing leukemia and irritating the respiratory system. Regulations like the listing of butadiene as a toxic substance under the Canadian Environmental Protection Act have restricted the growth of the global Butyl rubber market. These environmental and health concerns collectively hinder the expansion of the Butyl rubber industry. Manufacturers must address these challenges through innovation and compliance with evolving regulations to enable the sustainable growth of the Butyl rubber market. Opportunity: Growing demand for high-performance and eco-friendly tires The demand for eco-friendly and high-performance tires has increased in Europe and North America due to stringent regulations like Euro VI and CAFE. These regulations require tire manufacturers to focus on developing green tires with improved fuel efficiency, wet grip, and reduced external rolling resistance. The mandatory labeling of tire performance has raised consumer awareness of the benefits of using eco-friendly tires. In response, OEMs have launched fuel-efficient tires with low rolling resistance, emphasizing both tire performance and fuel economy. Tier 1 tire manufacturers are also using eco-friendly rubber materials, such as neodymium rubber from LANXESS, to help reduce rolling resistance and improve fuel economy. The growing demand for high-performance and eco-friendly tires presents opportunities for Butyl Rubber market players to cater to this trend. Tire manufacturers are innovating to meet the regulatory requirements and consumer preferences for sustainable, fuel-efficient tire solutions Challenges: Volatile raw material prices The Butyl Rubber market faces significant challenges due to the volatile pricing of raw materials. The cost of production for Butyl Rubber is heavily influenced by the price of crude oil, which is the primary feedstock. Any increase in crude oil prices directly raises the manufacturing costs for Butyl Rubber producers, squeezing their profit margins. Additionally, other factors such as high energy costs and transportation expenses also contribute to the high manufacturing costs in the Butyl Rubber industry. This is particularly problematic as many end-use segments of the Butyl Rubber market are price-sensitive. In response, Butyl Rubber manufacturers have had to pass on these rising costs to consumers, which in turn reduces overall demand for Butyl Rubber. The intense competition in the Butyl Rubber market means that prices can fluctuate significantly based on the balance of supply and demand. This volatility in raw material prices and manufacturing costs poses a major challenge for companies operating in this market, as they must carefully manage their cost structures to remain competitive and profitable.Global Butyl Rubber Market Segmentation
Regular Butyl Rubber segment held the largest share of the Butyl Rubber market in 2023. The increasing use of regular and chlorinated butyl rubber in tire manufacturing is expected to drive growth in the butyl rubber market over the forecast period. Regular and chlorinated butyl rubber offers benefits such as consistent inflation pressure, durability, and heat stability when used in tires. The higher curing rate and improved vulcanization efficiency of these butyl rubber types are anticipated to further boost demand. Additionally, the superior adhesive properties of regular and chlorinated butyl compared to generic butyl are expected to fuel market expansion over the forecast period. Automotive: the second largest end-use application of the Butyl rubber market. Butyl rubber is widely used in the automotive industry for various applications that require high performance and durability. It is commonly used in hoses for air conditioning systems, engine seals, dashboards, exterior filler panels, wipers, body seals, door and window handles, vibration-damping pads, and vehicle mats. The strength and flexibility of butyl rubber make it an ideal replacement for metal parts in vehicles, reducing weight and improving fuel efficiency without compromising performance. The increasing focus on reducing greenhouse gas emissions in vehicles has further increased the demand for butyl rubber in the automotive industry. Additionally, butyl rubber is used in mastic adhesives, spot sealers, and brake adhesives due to its high resistance to moisture, acids, abrasion, corrosion, and slipping. These butyl rubber-based coatings and adhesives provide a controlled grip and remain flexible over an extended period without cracking.Regional Analysis
The Asia-Pacific (APAC) region is expected to be the fastest-growing and largest market for butyl rubber in terms of both volume and value. In 2023, APAC dominated the global butyl rubber market, followed by Europe and North America. China is the largest importer, and India is the second largest importer of the Butyl Rubber Market in 2023. Russia is the largest exporter of Butyl Rubber Market in 2023. The region is anticipated to experience the highest growth in butyl rubber consumption throughout the forecast period. The recovery of the automotive (non-tire) and tire industries in China and Southeast Asian countries is driving the butyl rubber market in APAC. As the electric vehicle (EV) industry gains momentum, international automobile manufacturers are investing in APAC nations to set up their manufacturing facilities and strengthen their market presence in the region. China is the world's largest consumer of butyl rubber and a significant market for automobiles. In China, the automotive industry will be driven by the development of New Energy Vehicles (NEVs) to reduce carbon emissions, which will boost demand for butyl rubber during the forecast period. The report aims to provide industry stakeholders with a thorough study of the Global Pharmacovigilance Market. The research presents the industry's historical and present state together with projected market size and trends, analyzing complex data in an easy-to-read manner. The research includes PORTER and PESTEL analyses along with the possible effects of market microeconomic factors. The analysis of both internal and external elements that could have a good or negative impact on the firm will provide decision-makers with a clear picture of the industry's future. By understanding the market segments and projecting the size of the Global Butyl Rubber Market Market, the reports also help in understanding the market's dynamics and structure.Scope of Global Butyl Rubber Market:Inquire before buying
Global Butyl Rubber Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 24.15 Bn. Forecast Period 2024 to 2030 CAGR: 4.8% Market Size in 2030: US $ 33.53 Bn. Segments Covered: by Type Regular Butyl Bromo Butyl Chloro Butyl by Application Tire Automotive Footwear Consumer Goods Pharmaceutical Others Butyl Rubber Market, by Region:
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Butyl Rubber Market, Key Players
1. DuPont (U.S) 2. The Dow Chemical Company (U.S) 3. ExxonMobil (U.S) 4. Kumho Petrochemical Company Ltd (South Korea) 5. Trinseo (U.S) 6. Zeon Corporation (Japan) 7. Nizhnekamskneftekhim (Russia) 8. The Goodyear Tire and Rubber Company (U.S) 9. Mitsui Chemical Inc. (Japan) 10. SABIC (Saudi Arabia) 11. Denka Company Ltd. (Japan) 12. Timco Rubber 13. Kiran Rubber Industries Pvt. Ltd 14. JSR Corporation Frequently Asked Questions: 1. What is the growth rate of the Global Butyl Rubber market during the forecast period? Ans - The Global Pharmacovigilance Market is estimated to grow at a CAGR of 4.8% during the forecast period 2023-2030. 2. What is the Expected growth of the Global Butyl Rubber Market size from 2023 to 2030? Ans- The global Pharmacovigilance Market size is estimated at US$24.15 billion in 2023. It is projected to reach US$ 33.53 billion by 2030. 3. What are the leading market players in the Global Butyl Rubber Market? Ans-The Dow Chemical Company (U.S), ExxonMobil (U.S), Kumho Petrochemical Company Ltd (South Korea), Trinseo (U.S), Zeon Corporation (Japan), and Nizhnekamskneftekhim (Russia) are the leading players in the Global Pharmacovigilance market. 4. What are the major trends that would shape the future Global Butyl Rubber market? Ans- The global butyl rubber market is expected to see rising demand from the automotive industry and diversification into new applications leveraging innovative product developments. 5. What are the driving factors and opportunities in the market? Ans- The key driving factors of the global butyl rubber market are the growth of the automotive industry, increasing construction activities, and rising demand for eco-friendly materials, while opportunities lie in expanding end-use applications and technological advancements.
1. Butyl Rubber Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Butyl Rubber Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Key Players Benchmarking 2.3.1. Company Name 2.3.2. Product Segment 2.3.3. End-user Segment 2.3.4. Revenue (2023) 2.3.5. Headquarter 2.4. Market Structure 2.4.1. Market Leaders 2.4.2. Market Followers 2.4.3. Emerging Players 2.5. Mergers and Acquisitions Details 3. Butyl Rubber Market: Dynamics 3.1. Market Trends - Global 3.2. Market Dynamics – By Region 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.4. PESTLE Analysis 3.5. Regulatory Landscape by Region 3.5.1. North America 3.5.2. Europe 3.5.3. Asia Pacific 3.5.4. Middle East and Africa 3.5.5. South America 3.6. Key Opinion Leader Analysis for Butyl Rubber Industry 4. Butyl Rubber Market: Global Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 4.1. Butyl Rubber Market Size and Forecast, By Product (2023-2030) 4.1.1. Regular Butyl 4.1.2. Bromo Butyl 4.1.3. Chloro Butyl 4.2. Butyl Rubber Market Size and Forecast, By Application (2023-2030) 4.2.1. Tire 4.2.2. Automotive 4.2.3. Footwear 4.2.4. Consumer Goods 4.2.5. Pharmaceutical 4.2.6. Others 4.3. Butyl Rubber Market Size and Forecast, by Region (2023-2030) 4.3.1. North America 4.3.2. Europe 4.3.3. Asia Pacific 4.3.4. Middle East and Africa 4.3.5. South America 5. North America Butyl Rubber Market Size and Forecast (by Value in USD Million) (2023-2030) 5.1. North America Butyl Rubber Market Size and Forecast, By Product (2023-2030) 5.1.1. Regular Butyl 5.1.2. Bromo Butyl 5.2. North America Butyl Rubber Market Size and Forecast, By Application (2023-2030) 5.2.1. Tire 5.2.2. Automotive 5.2.3. Footwear 5.2.4. Consumer Goods 5.2.5. Pharmaceutical 5.2.6. Others 5.3. North America Butyl Rubber Market Size and Forecast, by Country (2023-2030) 5.3.1. United States 5.3.1.1. United States Butyl Rubber Market Size and Forecast, By Product (2023-2030) 5.3.1.1.1. Regular Butyl 5.3.1.1.2. Bromo Butyl 5.3.1.1.3. Chloro Butyl 5.3.1.2. United States Butyl Rubber Market Size and Forecast, By Application (2023-2030) 5.3.1.2.1. Tire 5.3.1.2.2. Automotive 5.3.1.2.3. Footwear 5.3.1.2.4. Consumer Goods 5.3.1.2.5. Pharmaceutical 5.3.1.2.6. Others 5.3.2. Canada 5.3.2.1. Canada Butyl Rubber Market Size and Forecast, By Product (2023-2030) 5.3.2.1.1. Regular Butyl 5.3.2.1.2. Bromo Butyl 5.3.2.1.3. Chloro Butyl 5.3.2.2. Canada Butyl Rubber Market Size and Forecast, By Application (2023-2030) 5.3.2.2.1. Tire 5.3.2.2.2. Automotive 5.3.2.2.3. Footwear 5.3.2.2.4. Consumer Goods 5.3.2.2.5. Pharmaceutical 5.3.2.2.6. Others 5.3.3. Mexico 5.3.3.1. Mexico Butyl Rubber Market Size and Forecast, By Product (2023-2030) 5.3.3.1.1. Regular Butyl 5.3.3.1.2. Bromo Butyl 5.3.3.1.3. Chloro Butyl 5.3.3.2. Mexico Butyl Rubber Market Size and Forecast, By Application (2023-2030) 5.3.3.2.1. Tire 5.3.3.2.2. Automotive 5.3.3.2.3. Footwear 5.3.3.2.4. Consumer Goods 5.3.3.2.5. Pharmaceutical 5.3.3.2.6. Others 6. Europe Butyl Rubber Market Size and Forecast (by Value in USD Million) (2023-2030) 6.1. Europe Butyl Rubber Market Size and Forecast, By Product (2023-2030) 6.2. Europe Butyl Rubber Market Size and Forecast, By Application (2023-2030) 6.3. Europe Butyl Rubber Market Size and Forecast, by Country (2023-2030) 6.3.1. United Kingdom 6.3.1.1. United Kingdom Butyl Rubber Market Size and Forecast, By Product (2023-2030) 6.3.1.2. United Kingdom Butyl Rubber Market Size and Forecast, By Application (2023-2030) 6.3.2. France 6.3.2.1. France Butyl Rubber Market Size and Forecast, By Product (2023-2030) 6.3.2.2. France Butyl Rubber Market Size and Forecast, By Application (2023-2030) 6.3.3. Germany 6.3.3.1. Germany Butyl Rubber Market Size and Forecast, By Product (2023-2030) 6.3.3.2. Germany Butyl Rubber Market Size and Forecast, By Application (2023-2030) 6.3.4. Italy 6.3.4.1. Italy Butyl Rubber Market Size and Forecast, By Product (2023-2030) 6.3.4.2. Italy Butyl Rubber Market Size and Forecast, By Application (2023-2030) 6.3.5. Spain 6.3.5.1. Spain Butyl Rubber Market Size and Forecast, By Product (2023-2030) 6.3.5.2. Spain Butyl Rubber Market Size and Forecast, By Application (2023-2030) 6.3.6. Sweden 6.3.6.1. Sweden Butyl Rubber Market Size and Forecast, By Product (2023-2030) 6.3.6.2. Sweden Butyl Rubber Market Size and Forecast, By Application (2023-2030) 6.3.7. Austria 6.3.7.1. Austria Butyl Rubber Market Size and Forecast, By Product (2023-2030) 6.3.7.2. Austria Butyl Rubber Market Size and Forecast, By Application (2023-2030) 6.3.8. Rest of Europe 6.3.8.1. Rest of Europe Butyl Rubber Market Size and Forecast, By Product (2023-2030) 6.3.8.2. Rest of Europe Butyl Rubber Market Size and Forecast, By Application (2023-2030) 7. Asia Pacific Butyl Rubber Market Size and Forecast (by Value in USD Million) (2023-2030) 7.1. Asia Pacific Butyl Rubber Market Size and Forecast, By Product (2023-2030) 7.2. Asia Pacific Butyl Rubber Market Size and Forecast, By Application (2023-2030) 7.3. Asia Pacific Butyl Rubber Market Size and Forecast, by Country (2023-2030) 7.3.1. China 7.3.1.1. China Butyl Rubber Market Size and Forecast, By Product (2023-2030) 7.3.1.2. China Butyl Rubber Market Size and Forecast, By Application (2023-2030) 7.3.2. S Korea 7.3.2.1. S Korea Butyl Rubber Market Size and Forecast, By Product (2023-2030) 7.3.2.2. S Korea Butyl Rubber Market Size and Forecast, By Application (2023-2030) 7.3.3. Japan 7.3.3.1. Japan Butyl Rubber Market Size and Forecast, By Product (2023-2030) 7.3.3.2. Japan Butyl Rubber Market Size and Forecast, By Application (2023-2030) 7.3.4. India 7.3.4.1. India Butyl Rubber Market Size and Forecast, By Product (2023-2030) 7.3.4.2. India Butyl Rubber Market Size and Forecast, By Application (2023-2030) 7.3.5. Australia 7.3.5.1. Australia Butyl Rubber Market Size and Forecast, By Product (2023-2030) 7.3.5.2. Australia Butyl Rubber Market Size and Forecast, By Application (2023-2030) 7.3.6. Indonesia 7.3.6.1. Indonesia Butyl Rubber Market Size and Forecast, By Product (2023-2030) 7.3.6.2. Indonesia Butyl Rubber Market Size and Forecast, By Application (2023-2030) 7.3.7. Malaysia 7.3.7.1. Malaysia Butyl Rubber Market Size and Forecast, By Product (2023-2030) 7.3.7.2. Malaysia Butyl Rubber Market Size and Forecast, By Application (2023-2030) 7.3.8. Vietnam 7.3.8.1. Vietnam Butyl Rubber Market Size and Forecast, By Product (2023-2030) 7.3.8.2. Vietnam Butyl Rubber Market Size and Forecast, By Application (2023-2030) 7.3.9. Taiwan 7.3.9.1. Taiwan Butyl Rubber Market Size and Forecast, By Product (2023-2030) 7.3.9.2. Taiwan Butyl Rubber Market Size and Forecast, By Application (2023-2030) 7.3.10. Rest of Asia Pacific 7.3.10.1. Rest of Asia Pacific Butyl Rubber Market Size and Forecast, By Product (2023-2030) 7.3.10.2. Rest of Asia Pacific Butyl Rubber Market Size and Forecast, By Application (2023-2030) 8. Middle East and Africa Butyl Rubber Market Size and Forecast (by Value in USD Million) (2023-2030) 8.1. Middle East and Africa Butyl Rubber Market Size and Forecast, By Product (2023-2030) 8.2. Middle East and Africa Butyl Rubber Market Size and Forecast, By Application (2023-2030) 8.3. Middle East and Africa Butyl Rubber Market Size and Forecast, by Country (2023-2030) 8.3.1. South Africa 8.3.1.1. South Africa Butyl Rubber Market Size and Forecast, By Product (2023-2030) 8.3.1.2. South Africa Butyl Rubber Market Size and Forecast, By Application (2023-2030) 8.3.2. GCC 8.3.2.1. GCC Butyl Rubber Market Size and Forecast, By Product (2023-2030) 8.3.2.2. GCC Butyl Rubber Market Size and Forecast, By Application (2023-2030) 8.3.3. Nigeria 8.3.3.1. Nigeria Butyl Rubber Market Size and Forecast, By Product (2023-2030) 8.3.3.2. Nigeria Butyl Rubber Market Size and Forecast, By Application (2023-2030) 8.3.4. Rest of ME&A 8.3.4.1. Rest of ME&A Butyl Rubber Market Size and Forecast, By Product (2023-2030) 8.3.4.2. Rest of ME&A Butyl Rubber Market Size and Forecast, By Application (2023-2030) 9. South America Butyl Rubber Market Size and Forecast (by Value in USD Million) (2023-2030) 9.1. South America Butyl Rubber Market Size and Forecast, By Product (2023-2030) 9.2. South America Butyl Rubber Market Size and Forecast, By Application (2023-2030) 9.3. South America Butyl Rubber Market Size and Forecast, by Country (2023-2030) 9.3.1. Brazil 9.3.1.1. Brazil Butyl Rubber Market Size and Forecast, By Product (2023-2030) 9.3.1.2. Brazil Butyl Rubber Market Size and Forecast, By Application (2023-2030) 9.3.2. Argentina 9.3.2.1. Argentina Butyl Rubber Market Size and Forecast, By Product (2023-2030) 9.3.2.2. Argentina Butyl Rubber Market Size and Forecast, By Application (2023-2030) 9.3.3. Rest Of South America 9.3.3.1. Rest Of South America Butyl Rubber Market Size and Forecast, By Product (2023-2030) 9.3.3.2. Rest Of South America Butyl Rubber Market Size and Forecast, By Application (2023-2030) 10. Company Profile: Key Players 10.1. Diageo (London, United Kingdom) 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Recent Developments 10.2. DuPont (U.S) 10.3. The Dow Chemical Company (U.S) 10.4. ExxonMobil (U.S) 10.5. Kumho Petrochemical Company Ltd (South Korea) 10.6. Trinseo (U.S) 10.7. Nizhnekamskneftekhim (Russia) 10.8. The Goodyear Tire and Rubber Company (U.S) 10.9. Mitsui Chemical Inc. (Japan) 10.10. SABIC (Saudi Arabia) 10.11. Denka Company Ltd. (Japan) 10.12. Timco Rubber 10.13. Kiran Rubber Industries Pvt. Ltd 10.14. JSR Corporation 11. Industry Recommendations 12. Butyl Rubber Market: Research Methodology