Butyl Rubber Market Size To Reach $6.62 Billion By 2030

Butyl Rubber Market Growth & Trends

The global butyl rubber market size is expected to reach USD 6.62 billion by 2030, expanding at a CAGR of 7.5%, according to a new report by Grand View Research, Inc. The butyl rubber market is growing worldwide on account of superior product properties in comparison to natural rubber.

Regular butyl rubber exhibits properties such as resistance toward sunlight, ozone, gas permeability, and various polar solvents like alcohols and esters. The general temperature range of regular butyl rubber is about -34 to 110 degrees centigrade, which is anticipated to widen the application scope of the product.

Key players are expanding distribution channels to meet the rising demand and increasing their market share. Companies are expected to expand their footprint across Asia Pacific owing to rapid industrialization, which in turn is likely to provide a positive scope for the product growth.

 Request a free sample copy or view report summary: Butyl Rubber Market Report

Butyl Rubber Market Report Highlights

• Chloro butyl rubber accounted for a leading revenue share of 43.6% in the market in 2023. The automotive industry's steady growth and accelerated production of high-performance vehicles are major factors in the increasing demand for chlorobutyl rubber

• The tires & lubes segment accounted for the largest revenue share in 2023. Butyl rubber is a key material in tire manufacturing due to its ideal properties, such as air retention, durability, and resistance to chemicals, ozone, and aging

• The adhesives, sealants, and stoppers segment is expected to witness significant growth over the forecast period. Butyl rubber offers adhesive properties, flexibility, and high resistance to moisture and chemicals

• The butyl rubber market in North America accounted for the largest revenue share of 41.3% in 2023. The region's advanced healthcare infrastructure and significant pharmaceutical development and research investments drive the demand for butyl rubber

Butyl Rubber Market Segmentation

Grand View Research has segmented the global butyl rubber market on the basis of product, application, and region:

Butyl Rubber Product Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

• Regular Butyl

• Bromo Butyl

• Chloro Butyl

Butyl Rubber Application Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

• Tires & Lubes

• Adhesives, Sealants, Stoppers

• Industrial & Medical Gloves

• Others

Butyl Rubber Regional Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Spain

  • Italy

  • Russia

  • Norway

  • Sweden

  • Denmark

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Vietnam

  • Indonesia

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • UAE

  • South Africa

  • Saudi Arabia

  • Kuwait

List Of Key Players in the Butyl Rubber Market

• Exxon Mobil Corporation

• LANXESS

• SIBUR Holding

• Reliance Industries Limited

• JSR Corporation

• Kiran Rubber Industries

• SABIC

• Veolia

• ARLANXEO

• The Goodyear Tire & Rubber Company