Butyl
Rubber is a commercial rubber with unique chemical and physical
properties. Butyl rubber’s impermeability to moisture and gases makes it ideal
for manufacturing tubeless tires. Butyl rubber has wide range of applications
including protective clothing, chewing gum and pharmaceutical medications.
Butyl rubber has superior impermeability, and the long Polyisobutylene segment
of its polymer chain gives it excellent flex property. In addition, butyl
rubber has good chemical resistance, outstanding heat resistance, excellent
aging stability, superior damping properties and excellent ozone and weather
resistance. Furthermore, butyl rubber has superior electrical insulation
properties, fast cure rate requiring lower amounts of vulcanizing agents and
good adhesion to other types of rubber.
Butyl Rubber is used in production of
wide range of products such as tires, adhesives, sealants, tubes, inner liners
of tires, additives for motor oils, adhesive tapes, sealants, stoppers for
medical bottles, sports equipment and so on. This product is a co-polymer of
Isobutylene and Isoprene with high electrical resistivity and greater
resistance which is predominantly in used in manufacturing of tires and
tubes.PIB is one of the most rapidly growing segments of the rubber industry.
Tires
and Tubes were the largest application of Butyl Rubber Market in 2014.
Different innovations and changing trends in the tire technology have led to
the growing demand for Polyisobutylene in the automotive industry.
Polyisobutylene is increasingly being used to manufacture durable tires. This
segment constitutes 80% and is estimated to exhibit striking growth owing to
the progression in automotive industry. The Adhesives and Pharmaceutical
applications are forecast to showcase the highest growth in the wake of increasing
demand of high elastic and high resistive products in those applications. The
butyl rubbers at very high temperatures are not stable and pose risk.
Innovations focused on this drawback will further propel the market. The market
structure is oligopoly, where the top five constituting more than 50% in 2014.
The market is dominated by few players
which constitute more than 50% of the share in 2014. ExxonMobil and Lanxess AG
are the top two players in the market, which are continuously making efforts to
widen their share in the market. ExxonMobil has announced its plans in 2014 to
construct a large production plant, whereas Lanxess AG has invested in China on
construction of a production plant in 2013.
Asia-Pacific is estimated to witness highest growth, with China being
the frontier of growth with a forecast to grow at 7.7% CAGR from 2015-2020! To
mention few key players:
- BASF SE
- Chevron Oronite,
- ExxonMobil Corporation,
- Infineum, Lanxess,
- TPC Group and
- Lubrizol Corporation.
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a Sample PDF Brochure on “Butyl Rubber Market” from below Link:
CONTACT:
Sanjay
Matthews
Sales
Manager
#:
+1-614-588-8538 (Ext: 101)
