What is Global Brominated Butyl Rubber Market?
The Global Brominated Butyl Rubber Market is a vast and dynamic sector that has been gaining significant attention in recent years. Brominated Butyl Rubber, also known as BIIR, is a type of synthetic rubber that is produced by brominating the polymer butyl rubber. This process enhances the rubber's resistance to heat, ozone, and flex fatigue, making it an ideal material for a variety of applications. The global market for this product is driven by its extensive use in various industries, including automotive, pharmaceutical, and construction, among others. Brominated Butyl Rubber is available in different types based on the bromine mass content. The types include Bromine Mass Content 1.9%, Bromine Mass Content 2.0%, Bromine Mass Content 2.1%, and others. Each type has its unique properties and applications. For instance, Bromine Mass Content 1.9% is known for its excellent heat resistance and is commonly used in the manufacturing of tires and other automotive parts. On the other hand, Bromine Mass Content 2.0% and 2.1% are preferred for their superior ozone resistance and are often used in pharmaceutical stoppers and vibration-absorptive materials. However, the specific data for each type's market share is not available at the moment.
Bromine Mass Content 1.9%, Bromine Mass Content 2.0%, Bromine Mass Content 2.1%, Others in the Global Brominated Butyl Rubber Market:
The Global Brominated Butyl Rubber Market finds its application in various areas such as tires, pharmaceutical stoppers, vibration-absorptive materials, and others. In the tire industry, it is used in the inner liner of tires due to its excellent air retention property. The pharmaceutical industry uses it in the production of stoppers for vials and infusion containers because of its excellent resistance to heat and chemicals. In the field of vibration-absorptive materials, it is used to reduce noise and vibration in various machinery and equipment. Other applications include seals and gaskets, adhesives, and sealants, among others. However, the specific data for the market share of each application is not available at the moment.
Tires, Pharmaceutical Stoppers, Vibration-absorptive Materials, Others in the Global Brominated Butyl Rubber Market:
The global Brominated Butyl Rubber market has shown promising growth in recent years. In 2022, the market was valued at US$ 2237.6 million. The market is projected to grow at a steady pace, reaching a value of US$ 3426.1 million by 2029. This represents a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period from 2023 to 2029. This growth can be attributed to the increasing demand for Brominated Butyl Rubber in various industries, including automotive and pharmaceuticals. The market's growth is also driven by the product's superior properties, such as excellent heat and ozone resistance, which make it an ideal material for various applications. However, it is important to note that these figures are estimates and the actual market performance may vary.
| Report Metric | Details |
| Report Name | Brominated Butyl Rubber Market |
| Accounted market size in 2022 | US$ 2237.6 million |
| Forecasted market size in 2029 | US$ 3426.1 million |
| CAGR | 6.2% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | ExxonMobil, Arlanxeo, PJSC NizhneKamskneftekhim, JSR, Zhejiang Cenway Synthetic New Material, Chambroad Petrochemical, Sinopec Beijing Yanshan |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
