Global butyl rubber (IIR) market is expected to witness considerable growth over the forecast period, on account of its increasing demand for automotive and adhesive applications. It typically contains around 98% polyisobutylene and 2% isoprene spread randomly in the polymer chain. Rising application of the product in construction, healthcare, and consumer product is expected to open avenues over the next seven years.
IIR is used in various end-user applications such as tires, sealants, and adhesives. Growing transportation sector is expected to propel its demand over the forecast period. Due to its enhanced damping property, butyl rubber has huge demand for tire industry. Furthermore, its increasing demand for manufacturing plastic is expected to drive the market over the next seven years.
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Exceptional product characteristics including excellent permeability to gases and moisture, outstanding ageing stability and heat resistance is expected to offer the product a distinctive competitive advantage over conventional rubbers. Growing demand for IIR for roof repairing and damp proofing is likely to drive growth over the forecast period. In addition, application of food grade butyl rubber as a chewing base is expected to propel demand.
It is used in explosives industry for manufacturing plastic explosives. Its increasing demand as a binding agent in explosives coupled with growing demand for explosives from the mining sector is expected to increase demand over the next seven years. Furthermore, they can be added to diesel fuel in order to resist fouling of fuel injectors. Rising awareness towards environment by regulating hydrocarbon and particulate emission is expected to fuel market growth. However, VOC emission control regulations put on rubber manufacturing are expected hinder production in the near future.
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Butyl rubber is expected to witness significant growth over the next seven years on account of superior properties including outstanding chemical, weather and ozone resistance. Initially, it was mainly developed for tire applications, however, over the past few years, it is being increasingly used in other sectors including healthcare, adhesives and consumer products.
The product is used to improve weatherability of sealant tapes, contact cements, and asphalt. Heavy investments in construction sector on account of rising urbanization are expected to open new opportunities for butyl rubber over the next seven years. Increasing demand for consumer products including sport goods and electrical devices is expected to have a positive impact on the industry.
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