Butyl Rubber Market Analysis:
Butyl rubber is a synthetic rubber and is a copolymer of isobutylene and isoprene. Butyl rubber is produced by polymerization of about 98% isobutylene with about 2% isoprene. The long polyisobutylene segments of the polymer provide superior flexing properties to the material. It further exhibits enhanced impermeability toward air and water, and thus are used extensively as airtight rubber. In addition, butyl rubber possesses heat resistance and ageing stability, which make it more preferrable over conventional rubber.
COVID-19 impact analysis
- Since the COVID-19 outbreak, the disease has spread almost all over the world with WHO declaring it a public health emergency. The global butyl rubber market is severely impacted by the outbreak of the pandemic.
- Owing to nationwide lockdown and restrictions implemented on national and international transportation, the supply chain has been disrupted for almost all manufacturing industries. The automotive industry, which is a heavy user of butyl rubber has been severely affected, thereby declining the demand for butyl rubber.
- Moreover, the pandemic has affected the construction activities and the construction industry has almost come to a halt, which, in turn, has resulted in lowering the demand for butyl rubber.
- However, increase in concern of hygiene and medical awareness among consumers has escalated the demand for medical gloves, personal protection kits, and other medical and healthcare equipment all over the world, which is eventually expected to augment the demand for butyl rubber.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
The expansion of automobile industry remains the most impactful driver of the global butyl rubber market. This is attributed to the fact that the automotive industry uses butyl rubber in the production of tires and increase in interest in research into tire compounds. Moreover, owing to its superior properties such as resistance to chemicals and weather, butyl rubber is increasingly being used in other sectors such as healthcare and consumer goods.
Furthermore, increase in use of butyl rubber as a sealant material in construction and other applications has augmented the growth of the butyl rubber market. The construction industry has been open to the use of innovations in the field of insulation, which boosted the demand for butyl rubber in the construction industry.
However, the environmental impact has emerged as a key issue for the industry, as butyl rubber is produced from petrochemicals. The negative impact of air pollution caused by isobutylene production is a major cause of concern for the industry.
The global butyl rubber market trends are as follows:
Increase in demand from medical and healthcare sectors
Presence of proteins in the natural fibers often cause allergic reactions, and thus end users in the medical and healthcare sectors are increasing the use of butyl rubber in various applications. Butyl rubber is nonallergic and does not undergo discoloration. In addition, it exhibits distinctive properties such as high resilience and enhanced elasticity, which make it suitable for use in different medical equipment.
Key benefits of the report
- This study presents the analytical depiction of the global butyl rubber industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global butyl rubber market.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global butyl rubber market research report:
- Which are the leading market players active in the global butyl rubber market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
Butyl Rubber Market Report Highlights
| Aspects | Details |
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 Key Market Players | Japan Butyl Company, ExxonMobil Chemical, JSR Corporation, Reliance Industries Ltd., Michelin Corporation, Timco Rubber, Lanxess AG, Kiran Rubber Industries Pvt. Ltd., the Goodyear Tire & Rubber Products Inc., Eastman Chemical Company |
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