Butyl Rubber Market Size to Grow at a CAGR of 3.9% until 2030 | ChemAnalyst

NEW YORK - Oct. 11, 2022 - PRLog -- According to ChemAnalyst report, "Butyl Rubber Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030". Butyl Rubber market witnessed a demand of around 1.4 million tons globally in 2020 and is anticipated to grow at a significant rate with a healthy CAGR of 3.9% until 2030 owing to its surging demand from the Automotive sector.

Butyl Rubber is a synthetic polymer, produced by the copolymerization of isobutylene (98%) and isoprene (2%) therefore, also known as isobutylene-isoprene rubber (IIR Rubber). It comprises several significant properties such as chemical inertness, flexibility, low gas, and moisture permeability, good shock absorption, excellent weather & abrasion resistance, and resistance against ozone, and oxygen attack. All these properties of the elastomer make it an ideal material for inner tubes and high-pressure applications. In addition to inner tubes of tires, and high-pressure or vacuum tubes, it also finds applications in the production of wires and cables, gaskets, O-rings, Seals, diaphragms, Liners, hot melts, caulks, bottle closures, and weather stripping. It is also extensively used in adhesives and sealants as binders, and as modifiers. Moreover, it is a cost-effective material with a life span varying from 5-10 years.

Read Full Report Here: https://www.chemanalyst.com/industry-report/butyl-rubber-market-651

For the enhancement of their thermophysical and mechanical properties, Butyl rubbers are blended with other materials such as fillers, antioxidants, and oils. The major two improvised types of Butyl Rubber are Chlorobutyl rubber and Bromobutyl Rubber. The hexane solution of Butyl Rubber is halogenated with chlorine to form Chlorobutyl or Bromine to form Bromobutyl Rubber which increases the cure rate as well as improves its resistance against reversion. Chlorobutyl rubber and Bromobutyl Rubber find applications in airbags, roofing membranes, air conditioning hoses, vials and tubes, shoe soles and other tire applications.

Key Players:

• Lanxess AG
• Huntsman International LLC.
• Reliance Industries Ltd.
• ExxonMobil Chemical Co.
• Japan Butyl Company
• Ineos Group AG
• Kiran Rubber Industries Pvt. Ltd.
• Eni S.p.A.
• Royal Dutch Shell Plc.
• LyondellBasell Industries Holdings B.V.
• TPC Group
• SABIC Chemicals Company, and Others