Published on: May 2022
Brominated Butyl Rubber - An effortless market leader
In 2016, the global butyl rubber market was worth USD 2.88 billion. Superior product features in terms of tear strength, aging, and heat resistance compared to natural rubber are expected to give a good outlook for market growth over the forecast period. The industry is being driven by the increasing demand for automobile tyres for new vehicles and the replacement of old tyres. The increasing vehicle sector is expected to boost market growth in the next few years, resulting in increased demand for OEM tyres.
The rise of the giant in the international market
The expanding vehicle sector in emerging economies such as Brazil, Russia, India, and China (BRIC) has a significant impact on tyre market growth. Tire demand peaked at USD 132.6 million in 2011 and has since risen to USD 172.4 million in just five years. The industry's expansion has been fueled by the significant volatility of natural rubber (NR) prices. In comparison to natural rubber, synthetic rubber consumption has been high in recent years (about 3,500 kilotons per year on average). Because butyl rubber is made from petrochemicals, environmental impact and sustainability have become major concerns for the industry. The detrimental impact of isobutylene manufacturing on air pollution is a major source of worry for the industry.
Brominated Butyl Rubber and its key market trends
When isobutylene, a liquid, is discharged into the environment, it can cause irritation to the eyes and nose, as well as nausea. Furthermore, isobutylene is extremely flammable in nature. Various laws have been implemented by governments around the world to ensure that safety criteria are met during the manufacture of isobutylene. Over the projection period, the rising use of regular and chloro butyl in tyre manufacturing is expected to give a good outlook for market growth. Consistent inflation pressure, durability, and heat stability are all advantages of using these items. Bromo butyl was the second-largest product segment in terms of sales in 2016, with a market share of 32.3 percent. Product demand is expected to be driven by a higher curing rate along with the product's vulcanization efficiency. The advantages of the product in terms of adhesion over normal butyl are expected to drive industry expansion over the following eight years.
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