Global Butyl Rubber Market Insights Forecasts to 2033

• The Global Butyl Rubber Market Size was Estimated at USD 3.65 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 4.03% from 2023 to 2033
• The Worldwide Butyl Rubber Market Size is Expected to Reach USD 5.42 Billion by 2033
• Asia Pacific is expected to grow the fastest during the forecast period.

The Global Butyl Rubber Market Size is projected to reach USD 5.42 Billion by 2033, growing at a CAGR of 4.03% from 2023 to 2033. The increasing demand of butyl rubber in pharmaceutical rubber products including stoppers, closures, caps, seals, and others is driving the market growth for butyl rubber.

Market Overview

The butyl rubber market refers to the market for synthetic rubber used in a variety of applications such as tires, adhesives, and sealants. Butyl rubber is a copolymer of isobutylene with isoprene, having relatively low strength. The material is useful in packaging applications where its low permeability to gases vapors, and moisture can be exploited. The product has excellent flex qualities, is impermeable to air, and is extremely resistant to chemicals, weathering, and ozone. These qualities make the product the perfect material for inner tubes and other inflatable objects. It is anticipated that the product’s expanding use in pharmaceutical and medical applications would create new market opportunities. Because of the qualities of butyl rubber including good flex properties and moisture and gas resistance, synthetic rubber is an ideal choice for a range of industrial uses. The upsurging development of new pharmaceutical products and medical devices along with the government investments in improving healthcare infrastructure results in driving the product demand. 

Report Coverage

This research report categorizes the butyl rubber market based on various segments and regions forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the butyl rubber market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the butyl rubber market.

Driving Factors

The growing automotive industry, rising construction activities, and demand for eco-friendly materials are all the factors driving the butyl rubber market. The increasing penetration of electrical vehicles and strict environmental regulations and health hazards in butyl rubber manufacturing industry is propelling the market. Further, the changing regulatory frameworks and the increasing car rentals and ridesharing are contributing to propelling the market for butyl rubber. The stringent regulations such as Euro VI and CAFÉ drive the demand for eco-friendly and high-performance tires, thereby propelling the butyl rubber market demand.

Restraining Factors

The volatility in the raw material prices may hamper the market growth as this could influence investor decisions and long-term market planning. The negative environmental impact of rubber manufacturing may negatively affect the market growth.

Market Segmentation

The global butyl rubber market share is classified into type and application.

• The chlorobutyl rubber segment dominates the market with the largest market share and is anticipated to grow at a significant CAGR during the forecast period.

Based on the type, the butyl rubber market is classified into regular butyl rubber, chlorobutyl rubber, and bromobutyl rubber. Among these, the chlorobutyl rubber segment dominates the market with the largest market share and is anticipated to grow at a significant CAGR during the forecast period. Chlorobutyl rubber offers enhanced properties such as improved chemical resistance, low permeability, and superior weather resistance. Their increasing application in automotive, industrial, consumer, construction, and medical sectors is driving the market. The need for chlorobutyl rubber as a premium tire material permitting tire pressure maintenance and prolonging its lifespan is driven by the growing focus on fuel economy and lower emissions.

• The tire manufacturing segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the application, the butyl rubber market is classified into tire manufacturing, medical and pharmaceuticals, adhesives and sealants, and others. Among these, the tire manufacturing segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period. Because of its air impermeability, this type of synthetic rubber is perfect for the inner liners of tubeless tires as well as the tubed of other tire types. The extensive flexibility and distinctive air retention qualities of butyl rubber are responsible for driving the market growth in the tire manufacturing segment.

Regional Segment Analysis of the Butyl Rubber Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the butyl rubber market over the predicted timeframe.

North America is anticipated to hold the largest share of the butyl rubber market over the predicted timeframe. Owing to its adaptability and resilience to heat, chemicals, and weathering, the material is essential in various industries, thereby promoting market growth. The region’s advanced healthcare infrastructure and significant investment in pharmaceutical RandD are responsible for driving the butyl rubber market.

Asia Pacific is expected to grow at the fastest CAGR growth of the butyl rubber market during the forecast period. High-quality adhesives and sealants are in high demand due to the expanding consumer electronics sector, which is being driven by technical improvements and the increased desire for new products, thereby propelling the market demand for butyl rubber. Rapid urbanization and industrialization in Asia-Pacific drive demand for butyl rubber-intensive industries like healthcare, infrastructure, and automobiles.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the butyl rubber market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• SIBUR Holding
• ARLANXEO
• Reliance Industries Limited
• Exxon Mobil Corporation
• LANXESS
• JSR Corporation
• Kiran Rubber Industries
• SABIC
• Veolia
• Timco Rubber
• The Goodyear Tire and Rubber Company
• Formosa Synthetic Rubber (Ningbo) Corporation Limited
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In July 2024, Performance elastomers firm Arlanxeo announced a milestone on its sustainability journey. With the ISCC PLUS certifications of its EPDM plant in Geleen, The Netherlands, Butyl plant in Singapore, and EVM plant in Dormagen, Germany, Arlanxeo offered a rapidly expanding range of sustainable synthetic rubber products under its Eco label.

• In December 2023, Russian petrochemicals major Sibur’s Nizhnekamskneftekhim completed the upgrade of its halobutyl rubbers (HBR) capacities, ramping them up by one third, from 150 to 200 kt.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the butyl rubber market based on the below-mentioned segments:

Global Butyl Rubber Market, By Type

• Regular Butyl Rubber
• Chlorobutyl Rubber
• Bromobutyl Rubber

Global Butyl Rubber Market, By Application  

• Tire Manufacturing
• Medical and Pharmaceuticals
• Adhesives and Sealants
• Others

Global Butyl Rubber Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East and Africa