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Global butyl rubber market forecast with a CAGR of 4.7 percent through 2024

  11/12/2019 - Selbyville, DE - The worldwide market for butyl rubber is expected to grow at a CAGR of roughly 4.7 percent over the next five years, reaching $5,800 million in 2024, from $4,390 millionin 2019, according to Market Study Report. Butyl rubber is the foundation of today's butyl rubber technology. Butyl rubber is a copolymer of isobutylene and a small amount of isoprene providing for a highly saturated backbone. The primary properties of butyl rubber are excellent air-barrier performance, good flex fatigue and vibration damping. Butyl rubber can be compounded with fillers and other modifiers and then vulcanized into practical rubber products. Owing to its excellent air retention, butyl rubber is the preferred material for inner tubes in all but the largest sizes. It also plays an important part in the inner liners of tubeless tires. (Because of poor tread durability, all-butyl tires have not proved successful.) IIR is also used for many other automobile components, including window strips, because of its resistance to oxidation. Its resistance to heat has made it indispensable in tire manufacture, where it forms the bladders that retain the steam or hot water used to vulcanize tires. The market for butyl rubber is highly concentrated with limited players. The largest producers of butyl rubber in the worldwide are ExxonMobil, Lanxess, PJSC NizhneKamskneftekhim, JSR, Sibur, Sinopec Beijing Yanshan, Zhejiang Cenway Synthetic New Material and Panjin Heyun Group. Production of butyl rubber is North America. Europe, Japan and China is also notable. Since the production of butyl rubber requires high technical experience, the competition would be moderate in the future.

Wednesday, July 8, 2020

Vietnam reports plunging rubber exports - click to expand

Global fluoroelastomer market forecast at $1.8 billion by 2025 - click to expand

Bridgestone named GM Supplier of the Year for fifth consecutive year - click to expand

GRI unveils rubber collection center and GREENX Circle - click to expand

Cooper Standard finalizes divestiture of certain operations in Europe and India - click to expand

Freudenberg Expands Engineering Services - click to expand

Tuesday, July 7, 2020

Bridgestone donates emergency response trailer to Wilson County, Tennessee - click to expand

Lianda launches new website in preparation for 25th anniversary - click to expand

Conductive Silicone Rubber Market is estimated to reach $8.68 Billion by 2026 - click to expand

Safic-Alcan opens South African subsidiary - click to expand

Halcyon Agri receives $25 million sustainability-linked loan from Deustsche Bank for rubber plantations - click to expand

Arlanxeo goes virtual for its first global Technical Marathon - click to expand

Monday, July 6, 2020

Cooper Standard’s Fortrex technology enables PolyOne launch of next-generation elastomer - click to expand

Cooper Tire adds winter drive tire RM258 for regional haulers - click to expand

Bridgestone wins trademark dispute against Brazilian retread company New Tyre - click to expand

Cabot Corporation publishes 2019 Sustainability Report - click to expand

Pirelli introduces tire with temperature adapting compound - click to expand

Friday, July 3, 2020

Trinseo announces 2030 sustainability goals - click to expand

Michelin hires eight youth apprentices for full-time positions at Starr, SC, facility - click to expand

Book of the Day - Resistance and Stability of Polymers - click to expand

Lanxess to hold virtual annual stockholders' meeting August 27 - click to expand

Dow launches MobilityScience platform - click to expand

Thursday, July 2, 2020

Repligen to acquire Engineered Molding Technology - click to expand

Siempelkamp announces departure of CEO Christoph Michel - click to expand

Global silicone coating market forecast with a CAGR of 7 percent - click to expand

Bosch Rexroth hosts free virtual Explore the Factory of the Future event - click to expand

Trinseo strengthens CASE team with two new hires - click to expand

PolyOne launches OnColor WC Choice for wire and cable applications - click to expand

Royal DSM appoints Zhou Tao as DSM China president - click to expand

Wednesday, July 1, 2020

Hankook Tire named GM Supplier of the Year by General Motors - click to expand

Global thermoplastic elastomer market forecast with a CAGR of 5.6 percent through 2025 - click to expand

Nokian Tyres invites drivers to enter their favorite road trips - click to expand

Total Cray Valley introduces aliphatic resin - click to expand

Bridgestone teams with Microsoft on intelligent tire monitoring system - click to expand

Rubber Division and Endurica partner on rubber industry training opportunities - click to expand

Market Reports

Global fluoroelastomer market forecast at $1.8 billion by 2025 - click to expand

Global automotive flooring markets forecast at $1.32 billion by 2027 - click to expand

Global OTR tire market forecast to reach $8.14 billion by 2026 - click to expand

Conductive Silicone Rubber Market is estimated to reach $8.68 Billion by 2026 - click to expand

Global silicone coating market forecast with a CAGR new 7 percent - click to expand

Global thermoplastic elastomer market forecast with a CAGR of 5.6 percent through 2025 - click to expand

Global OTR tire market anticipated to reach $26.4 billion by 2027 - click to expand

Global pressure sensitive adhesives market forecast to reach $12.8 billion by 2025 - click to expand

Outlook for the rubber economy in the face of Covid-19 - click to expand

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