The global butyl rubber market is anticipated to reach at
USD 5.21 billion by 2025, according to a report by Grand View Research, Inc.
Butyl rubber, also known as isobutylene-isoprene rubber (IIR) and butyl
elastomer, is a synthetic rubber used for its impermeability to air and
moisture. This particular property makes it a valuable product for
manufacturing chewing gum, pharmaceutical closures, protective clothing, and
tires. Demand for bromobutyl, chlorobutyl, and regular butyl are the three
product types of butyl rubbers.
The automotive industry will be the biggest beneficiary due
to growing need for lightweight and resistive material in the production of
automotive components. Demand for nameplates in car-dependent regions such as
U.S., U.K., and Brazil is also expected to boost the usage of IIR.
Manufacturers are relying on partnerships to meet the increasing demand.
Reliance Industries Limited, an Indian conglomerate, and SIBUR, a Russian
petrochemical giant, recently signed a partnership to build South Asia’s first
butyl rubber halogenation unit. Similarly, Lanxess AG has established the
construction of a butyl rubber plant in Singapore in 2014.
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Growing concerns regarding environmental pollution have led
to manufacturers resorting to gamma radiation to modify the chemical structure
of IIR to make it biodegradable. Experiments with gamma radiation have shown
success and can reduce polymeric industrial waste in the near future. Sport
centers upgrading their equipment are purchasing butyl rubber-based products as
exemplified by the purchase of Beynon Sports BSS 2000 by the Saskatchewan
government in 2018.
The global butyl rubber market is projected to expand at a
growth rate of 6.9 % over the forecast period (from 2018 to 2025) on account of
the product’s superior properties compared to natural rubber. Demand for butyl
rubber is expected to rise due to its requirement in the plastics sector.
Demand for tires manufactured by Original Equipment Manufacturers (OEMs) and
expanding automotive sector in Brazil, Russia, India, and China (BRIC) are also
likely to open up new opportunities for the market. Prominent companies in the
global market include Lanxess AG; Sinopec Corporation; Reliance Industries
Limited (RIL); and Michelin.
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