Increasing use of butyl rubber as lubricant additives and pharmaceutical rubber products to drive market growth: reports and data

2021-11-10 05:51:36 By : Mr. Emerson Fan

The application of more and more butyl rubber in various end-use industries such as automobiles, construction, pharmaceuticals, textiles, etc. is a key factor driving market growth

New York, October 27, 2021/PRNewswire/--Reports and Data released its latest report, titled "Butyl Rubber Market by Type (Regular Butyl Rubber, Bromobutyl Rubber, Chlorinated Butyl Rubber) Base rubber), by application (coatings, adhesives and sealants), pipes and tires, wires and cables, gaskets, membranes, footwear, conveyor belts, protective clothing, others), by end use (construction, industry, textile industry) , Rubber industry, automotive, medical, pharmaceutical, etc.) and regional forecasts by 2028."

According to reports and data, the global butyl rubber market will be worth US$390.67 billion in 2020 and is expected to reach US$6.8598 billion in 2028. The compound annual growth rate of revenue during the forecast period of 2021-2028 will be 7.4%.

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Butyl rubber is an elastic polymer used as the main adhesive and modifier in adhesives and sealants. This material is a copolymer of isobutylene and a small amount of isoprene, with low strength. Butyl rubber is also widely used in packaging applications, where the material's low permeability to gases, steam, and moisture may be advantageous. Butyl rubber has excellent shock absorption properties, which is essential for a variety of commercial applications. Butyl rubber is impermeable and can be used in applications requiring sealing rubber. In addition, it is also used as an adhesive sealant for wet roofs, rubber roof repairs and proper maintenance of roof membranes. These key factors are expected to significantly drive market revenue growth during the forecast period. Butyl rubber is also widely used in the pharmaceutical and biotechnology industries. Facts have proved that butyl rubber stoppers can significantly extend the shelf life of sterilization media, which is expected to further promote future market revenue growth.

Butyl rubber is a copolymer of isobutylene and isoprene. Because of its lower air permeability compared with other synthetic or natural rubbers, it is widely used in inner linings of inner tubes and tubeless tires. Butyl rubber is not easy to decompose in the normal mixing process of the mill, and has high tensile strength and high oxidation resistance and many chemicals. These excellent physical and mechanical properties make the material very suitable for the production of inner tubes and wire and cable insulation, steam hoses, adhesives and mechanical products. Butyl rubber can be easily applied to factory equipment, and due to its excellent chemical stability, it can also be used as a useful substitute for rubber in a variety of other applications. For example, butyl rubber acts as a strong elastomer when exposed to warfare agents and decontamination materials because it is harder and less porous, but has sufficient elasticity to form an airtight seal. This further promotes the use of seals in gas masks and protective clothing, and is another key factor that is expected to drive future market revenue growth.

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Another application of butyl rubber is chewing gum, where food-grade butyl rubber is used as the center gum base. It provides elasticity and makes the gum stubborn and sticky. In addition, due to the deteriorating nature of foam, most modern surround sound speakers use butyl rubber as an alternative to foam, which is expected to drive future revenue growth in the market. However, fluctuations in raw material prices and strict regulatory policies related to volatile organic compounds (VOC) released during rubber production may hinder market growth to a large extent during the forecast period.

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The conventional butyl rubber segment accounts for the largest revenue share:

Due to its many advantages such as high durability and tensile strength, efficient thermal control and stability, and consistent inflation pressure, n-butyl rubber is widely used in the production of automotive inner tubes and tires. It is expected that these key factors will help stabilize revenue Increase the portion of conventional butyl rubber.

The demand for butyl rubber in the automotive industry continues to grow:

In terms of revenue growth, the automotive sector is expected to dominate other end-use sectors, which can be attributed to the increasing use of butyl rubber to produce tubeless tires and inner tubes. Due to the increasing production of commercial and passenger vehicles in various countries around the world, the demand for stronger tires continues to increase, which is another key factor that is expected to contribute to the revenue growth of this segment. Butyl rubber is also used as a sealant for filling gaps, sealing liquids, sealing joints and cracks, and as a shock absorber.

North America will account for a significant share of revenue:

Due to increased investment in the manufacture of high-performance tires and inner tubes, the presence of a large automotive industry, and the increasing use of high-quality rubber products in residential and residential buildings, North America is expected to account for a greater share of revenue during the forecast period. Commercial building applications.

The Asia-Pacific region is in a leading position in terms of compound annual growth rate:

Due to the increase in rubber production in countries in the region, the increase in demand for luxury passenger vehicles, the increase in the number of construction activities, and the rapid urbanization and industrialization of countries in the Asia-Pacific region, the Asia-Pacific market is expected to record a strong compound annual growth rate of revenue during the forecast period.

Major companies in the market include:

Zhejiang Xinhui Synthetic New Material

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For the purpose of this report, the report and data segment the global butyl rubber market based on type, application, end use, and region:

Type outlook (revenue, million dollars; quantity, thousand tons, 2018-2028)

Application outlook (revenue, million dollars; quantity, thousand tons, 2018-2028)

End-use outlook (revenue, millions of dollars; quantity, kilotons, 2018-2028)

Regional outlook (revenue, millions of dollars; 2018-2028)

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These reports include historical (2018-2020) and forecast (2021-2028) data points, revenues and compound annual growth rates in tables, graphs and chart formats, and provide detailed and qualitative supporting written information.

Between 2018 and 2028, each country in the world, region, and corresponding region will be provided with revenue breakdowns for each market segment in these formats every year.

The report contains insights on growth drivers, constraints, opportunities, trends, company profiles, strategic development, expansion details, product launches, and other aspects related to the market.

The report contains data and information about customers, competitors, suppliers/distributors and other participants, as well as the global market.

Market research analysis is essential for all key business strategies. It can help in a variety of ways, and can provide a clearer understanding of the strategies deployed by competitors, product launches, competitive analysis, technological advancement, and increase the company’s sales or may provide A variety of other factors consider mergers and acquisitions as a strategic focus or signing strategic agreements or joint ventures, etc.

The report contains company profiles of the top companies operating in the market, as well as their respective revenue and operating divisions, geographic scope, market footprint, headquarters, growth rate, recent development, products/services, expansion strategies, expansion investments, etc.

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