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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.

Monday, December 9, 2019

Dunlop Sport Maxx tires are factory standard on Subaru S209 - click to expand

Wacker launches two anti-misting silicone release coatings for high-speed coaters - click to expand

Denray Tire will join Michelin Retread Technologies - click to expand

Bridgestone plans to create Bridgestone Innovation Park in Kodaira, Japan - click to expand

Global nitrile butadiene rubber (NBR) latex market forecast with a CAGR of 15.4 percent - click to expand

Friday, December 6, 2019

Automotive tubeless tire market forecast at $196 billion by 2024 - click to expand

Book of the Day: USA Rubber & Tire Industry Patents 2015-2017 - click to expand

Star Thermoplastic Alloys & Rubbers elevates Steve Samluk and Dr. Krishna Venkataswamy to key executive roles - click to expand

Yokohama Tire's 712L long haul drive tire now meets severe snow service standard - click to expand

Trinseo elects Beach Lin and Tomkins to its board of directors - click to expand

Thursday, December 5, 2019

U.S. Silica announces price increase on industrial and specialty products - click to expand

Goodyear begins intelligent tire pilot program with European fleets - click to expand

IISRP to honor synthetic rubber industry leader Dr. Gary Marsh - click to expand

November forecast shows U.S. tire shipments expected to increase in 2019 - click to expand

Continental launches agriculture tire app for end customers and dealers - click to expand

Wednesday, December 4, 2019

USTMA urges nationwide action to grow and develop sustainable, circular scrap tire market - click to expand

Chemical deflasher market forecast with a CAGR of 4.2 percent through 2027 - click to expand

International Rubber Study Group issues call for papers for rubber-related economic research - click to expand

ARPM to serve as U.S. technical advisor to ISO TC 45/SC 1 - click to expand

Rubber Division, ACS announces 2020 training course schedule - click to expand

Tuesday, December 3, 2019

Cooper Tire and Sailun Vietnam celebrate first tire at joint venture plant - click to expand

Trelleborg finalizes acquisition of U.S.-based Tritec Seal - click to expand

Mitsubishi Chemical to acquire the TPU business of AdvanSource Biomaterials - click to expand

Evonik focuses on additives for plastics and rubber recycling - click to expand

Liquid silicone rubber market forecast with a CAGR of 9 percent through 2025 - click to expand

Apollo Tyres enters Saudi Arabia through cooperation with Al-Jomaih Tyres - click to expand

Monday, December 2, 2019

Birla Carbon and CHASM Advanced Materials enter joint development agreement to develop Nanotube Enhanced Carbons - click to expand

Michelin X Line Energy D+ tire now available to replacement market - click to expand

BASF officially launched its smart Verbund project in China - click to expand

Fort Wayne Rubber & Plastics Group announces Casino Night holiday party - click to expand

Market Reports

Global plasticizers market forecast at $16.7 billion by 2024 - click to expand

Specialty hose market forecast to reach $2.3 billion by 2025 - click to expand

Global nitrile butadiene rubber (NBR) latex market forecast with a CAGR of 15.4% - click to expand

Automotive tubeless tire market forecast at $196 billion by 2024 - click to expand

November forecast shows U.S. tire shipments expected to increase in 2019 - click to expand

Liquid silicone rubber market forecast with a CAGR of 9% through 2025 - click to expand

Chemical deflasher market forecast with a CAGR of 4.2% through 2027 - click to expand

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