As per the ChemAnalyst report titled “Global Halo Butyl Rubber Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032,” the global Halo Butyl Rubber market is poised to grow at a CAGR of 5.09% during the forecast period, reaching 1500 thousand tonnes. This growth is attributed to significant demand from various end-use industries such as Tyre and Inner Tube, Pharmaceutical Closures, Construction, Adhesives, and Sealants.
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Halo Butyl Rubber finds primary applications in the production of tires, inner tubes, pharmaceutical closures, and industrial rubber goods. Its use in pharmaceutical products, including stoppers, and in the manufacturing of rubber goods for sealing vials, bottles, and containers, contributes to its versatility. The Tyre and Inner Tube industry play a pivotal role in driving the expansion of the Halo Butyl Rubber market, accounting for approximately 80% of the market share in 2022 and expected to maintain its dominance in the forecast period. The unique properties of butyl, especially in air retention in tires, make it a preferred material for these applications.
The market is further expected to witness growth due to the increasing usage of Halo Butyl Rubber in the pharmaceutical industry for stoppers and tubes. Niche applications such as manufacturing gaskets, sealants, adhesives, and sporting equipment also contribute to the overall market expansion.
Segmented by end-use, sales channel, and region, the global Halo Butyl Rubber market features industries like Tyre and Inner Tube, Pharmaceutical Closures, Construction, Adhesives, and Sealants. In terms of regional demand, Asia Pacific leads the market, consuming approximately 55% of the total globally produced Halo Butyl Rubber in 2022. China holds the majority of the production capacity and is a key consumer, given its status as the hub of automobile manufacturing. Europe follows as the second-largest consumer, driven by the growing demand for automobiles, particularly affecting tire demand.
Major players in the production of Halo Butyl Rubber, as highlighted in the report, include ExxonMobil, PJSC Nizhnekamskneftekhim, Arlanxeo (Saudi Amarco), SINOPEC Beijing Yanshan Company, Chambroad Sinopoly New Material Co., Ltd., Zhejiang Cenway New Materials Co., Ltd, Sabic & ExxonMobil JV, Reliance Sibur Elastomers Private Limited, Japan Butyl Co. Ltd, and others.
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https://www.chemanalyst.com/industry-report/halo-butyl-rubber-market-308
Mr. Karan Chechi, Research Director with TechSci Research, emphasized, “Halo Butyl Rubber, with its versatile properties like high gas and liquid impermeability, great mechanical performance, fatigue resistance, and chemical resistance, is crucial for manufacturing tires and inner tubes. The rising demand from end-use industries such as Tyre and Inner Tube, Pharmaceutical Closures, Construction, and Adhesives and Sealants is expected to drive the market expansion in the upcoming years. Asia Pacific currently leads in consumption, and the growing global population and automotive needs are likely to increase the demand for Halo Butyl Rubber, offering potential opportunities for market players to expand production capacities and meet the forecasted demand.”
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