Butyl Elastomers Market Analysis By Demand, By Region, By Applications and Forecast Report Till 2032

Butyl Elastomers Market

The global Butyl elastomers market is projected to experience robust growth between 2023 and 2032, reaching USD 7.2 billion by 2032 from the current market size of USD 5 billion, registering a CAGR of around 4% during this period. This growth is primarily driven by the escalating demand from the tire industry.

Introduction to the Butyl Elastomers Market

Butyl elastomers, synthetic rubbers created through the combination of isobutylene and isoprene, boast low permeability, excellent water resistance, and strong impact and tear resistance. These qualities make them highly favored in tire production. Additionally, they find extensive use in the pharmaceutical industry for items such as rubber stoppers and gloves due to their good shock absorption, low moisture and gas permeability, and widespread industrial applicability.

Global Butyl Elastomer Demand Supply Analysis, 2032 (thousand tons)

Global Butyl Elastomer Demand Supply Analysis, 2016-2032 (Kilo Tons)

Source: Secondary & Primary Research and Prismane Consulting estimates

Butyl Elastomers Demand Supply Analysis

Butyl elastomers serve to impart adhesive properties in various products including tapes, valve cement, and flooring adhesives. The estimated global production capacity of butyl elastomers stands at approximately 2700 thousand tons, with Asia-Pacific contributing around 56% of this capacity.

Key Manufacturers of Butyl Elastomers

These companies are major producers of butyl elastomers, which are widely used in various industries for their excellent properties and versatility.

Global Butyl Elastomer Demand, By Region 2022 (thousand tons)

Butyl Elastomer Market region
Source: Secondary & Primary Research and Prismane Consulting estimates

Despite being the largest contributor in terms of volume and capacity, Asia-Pacific remains a net importer of butyl elastomer, importing an average of around 240 thousand tons between 2016 and 2022. Central & Eastern Europe emerges as the primary exporter of butyl elastomers, with Russia alone accounting for 95% of the exports in 2022.

Butyl Elastomers Market Growth Fuelled by the Automotive Industry

The rising demand for vehicle tires and tubing is driving the need for butyl elastomer. Anticipated butyl elastomers market growth in OEM tire demand is fuelled by the expanding automotive industry. The demand for raw materials, including butyl elastomers, has surged alongside the consistent growth of the automotive sector in developing economies. Furthermore, the increasing use of butyl elastomer for moisture-proofing and roof repairs is projected to fuel market growth in the coming years.

Global Butyl Elastomer Demand, By Application, 2032 (thousand tons)

Butyl Elastomer market, By Application, 2016-2032 (Kilo Tons)
Source: Secondary & Primary Research and Prismane Consulting estimates

Butyl elastomer finds applications in suspension bushings, speaker cone edges, shock mounts, as well as car and truck body mounts.

The global tire industry is intricately connected to the automotive sector. The escalating demand for new vehicles and replacement tires for older ones is propelling global rubber demand. Key players dominating the global tire market include Bridgestone, Michelin, Continental, Goodyear, Sumitomo, Pirelli, Copper Tires, Yokohama, Apollo, and MRF, among others. Butyl Elastomers’ demand growth largely hinges on its use across various end-use industries, particularly the tire industry. The dominance within the global tire industry rests with the Asia Pacific region, followed by North America and Western Europe. In Asia Pacific, China, Japan, and India stand out as the largest markets. Notably, economies such as China, India, and Japan contribute significantly to global exports.

The Asia-Pacific economy thrives due to substantial advancements in automobile manufacturing. A significant portion of the world's automotive electronics is sourced from the ASEAN region. Manufacturing, product development, and research activities in the automotive industry have shifted to Asian countries, attributed to increased disposable income and improved standards of living. The region is also favored for its availability of skilled labor and lower manufacturing costs.

The anticipated growth in the automotive industry is poised to drive tire demand, subsequently leading to an increased need for butyl elastomers.

Fluctuating Raw Material Costs and Environmental Factors hindering Butyl Elastomers market growth 

Factors such as fluctuating raw material costs, volatile organic compound (VOC) pollution regulations due to rubber processing, and the availability of alternatives will hinder the butyl elastomers market in the forecast years. The price of raw materials and government policies impacting the price of butyl rubber are threatening the butyl rubber industry. The rubber content was improved by the anti-dumping duty levy on carbon black rubber goods. It is difficult to treat butyl rubber during processing, owing to its ability to catch air and creep. 

Environmental concerns are another challenge for the industry, so exposure to contaminants in the manufacture of rubber remains a big health problem. It has poor tolerance to aliphatic sugars and aromatic hydrocarbons.

Rise in Butyl elastomers demand from Medical / Pharmaceutical Applications

The demand for butyl elastomers in the pharmaceutical industry is increasing because it is low permeable, provide protection of sterile pharmaceutical applications and it avoid contamination during the storage of samples. Butyl elastomers are widely used for manufacturing stoppers, seals, injection vials, blood-collecting bottles, infusion container caps, and other pharmaceutical applications. Pharmaceutical stoppers are made of butyl elastomers because they provide a gas and moisture barrier and also provide high cleanliness. Owing to its low permeability, it is used in making gas masks. 

Scope of Report 

The Butyl Elastomer report describes the global Butyl Elastomer market, 
with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Applications
•  Capacity & Production
•  Trade (Import, Export and Net Export)
•  Sales & Revenue
•  Pricing Analysis

Country Summaries & Product Review
•  Supply Demand Balance 
•  Butyl Elastomer Market data in terms of volume and value for each end-use 
   at regional and country level
•  Butyl Elastomer Market analysis for Production, Capacity, and Demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population, and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Applications
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2021
          -  Base - 2022
          -  Forecast Period - 2023 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand-Supply Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance
      •  Pharmaceutical
      •  Tires
      •  Others
5.  Plants & Projects Analysis
      •  Butyl Elastomer Production Capacity, by Company
      •  Butyl Elastomer Production Capacity, by Country and by region
      •  Capacity Overview
6.  Introduction to Butyl Elastomer and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
7.  Market Dynamics and Industry Trends 
      •  Market Dynamics 
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
8.  Global Butyl Elastomer Demand-Supply Analysis, By Applications (Volume, Value) (2016–2032) 
      •  Strategic Issues
      •  Demand-Supply Analysis and Forecast (2016 – 2032)
          -  Capacity
          -  Capacity Utilization (%)
          -  Production
          -  Imports
          -  Exports
          -  Net Trade
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Butyl Elastomer Market, By Applications 
          -  Transportation
                -   Tire
                -   Tubes
                -   Mechanical Products
                -   Others
          -  Adhesives & Sealants
          -  Pharmaceuticals
          -  Chewing Gum
          -  Others
9.  Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues
      •  Capacity
      •  Capacity Utilization (%)
      •  Production
      •  Imports
      •  Exports
      •  Net Trade
      •  Demand
      •  Demand Growth Rate (%)
      •  Butyl Elastomer Market, By Applications
Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand-supply (consumption) split by applications, has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  ASEAN
         -  Rest of Asia-Pacific
      •  Central & South America
         -  Brazil
         -  Rest of CSA
      •  Middle East & Africa
         -  Saudi Arabia
         -  Rest of MEA
Note: CAGR will be calculated for all applications to arrive at the regional/global demand growth for the forecast period (2023 – 2032)
10.  Pricing Analysis
      •  Average Butyl Elastomer Prices, USD/Kg
      •  Average Butyl Elastomer Prices, by Country 
      •  Average Butyl Elastomer Prices, by Region
      •  Price Forecast
11.  Key Strategic Issues
12.  Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
13.  Strategic Recommendation & Suggestions
14.  Company Analysis and Market Share Analysis
      •  Butyl Elastomer Manufacturers Profiles/ Company Analysis
         -  Basic Details
         - Headquarters, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Recent Developments
         -  Companies Covered
             -  ExxonMobil
             -  Lanxess
             -  PJSC Nizhnekamskneftekhim
             -  Tolyattikauchuk (Sibur)
             -  Cenway
             -  Shandong Chambroad Petrochemicals Co., Ltd. 
             -  Shandong Senchi
             -  Formosa Synthetic Rubber Corporation
             -  Sinopec Beijing Yanhua Petrochemical Co., Ltd
             -  Japan Butyl Co. Ltd. (ExxonMobil Chemical)
             -  Reliance Sibur Elastomers Private Ltd.
             -  Kemya (ExxonMobil-SABIC)
             -  Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
15.  Appendices
      •  Demand-Supply - Regions
      •  Demand-Supply– Countries
      •  Capacities, 2016-2032

Scope of Report 

The Butyl Elastomer report describes the global Butyl Elastomer market, 
with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Applications
•  Capacity & Production
•  Trade (Import, Export and Net Export)
•  Sales & Revenue
•  Pricing Analysis

Country Summaries & Product Review
•  Supply Demand Balance 
•  Butyl Elastomer Market data in terms of volume and value for each end-use 
   at regional and country level
•  Butyl Elastomer Market analysis for Production, Capacity, and Demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population, and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment


Frequently Asked Questions

What is the current market size of Butyl Elastomer?
The global Butyl elastomers market is projected to experience robust growth between 2023 and 2032, reaching USD 7.2 billion by 2032 from the current market size of USD 5 billion, registering CAGR of around 4% during this period. This growth is primarily driven by the escalating demand from the tire industry.
What is the global production capacity for Butyl Elastomer?
The estimated global production capacity of butyl elastomers stands at approximately 2600 kilo tons, with Asia-Pacific contributing around 56% of this capacity.
Who are the key manufacturers in global Butyl Elastomer market?
Key manufacturers in the global butyl elastomers market include ExxonMobil, Reliance SIBUR Elastomers, Zhejiang Cenway Materials Co., Ltd., and Sinopec.