Rising Use of Butyl Rubber as a Lubricant Additive and in Pharmaceutical Rubber Products to Drive Market Growth

Reports and Data

Increasing application of butyl rubber across various end-use industries such as automotive, construction, pharmaceutical, textiles, and others is a key factor driving market growth

NEW YORK, Oct. 27, 2021 /PRNewswire/ -- Reports and Data has published its latest report titled "Butyl Rubber Market By Type (Regular Butyl Rubber, Brominated Butyl Rubber, Chlorinated Butyl Rubber), By Application (Coatings, Adhesives & Sealants, Tubes & Tires, Wires & Cables, Gaskets, Membranes, Footwear, Conveyer Belts, Protective Clothing, Others), By End-use (Construction, Industrial, Textile Industry, Rubber Industry, Automotive, Medical, Pharmaceutical, Others), and By Region Forecast to 2028."

According to Reports and Data, the global butyl rubber market size was USD 3,906.7 million in 2020 and is expected to reach USD 6,859.8 million in 2028 and register a revenue CAGR of 7.4% during the forecast period, 2021-2028.

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Drivers, Restraints, and Opportunities

Butyl rubber is an elastomeric polymer and is used as primary binder and modifier in adhesives and sealants. The material is a copolymer of isobutylene with minute quantities of isoprene and having low strength. Butyl rubber is also used extensively in packaging applications where the material's low permeability to gases, vapors, and moisture can be advantageous. Butyl rubber has excellent shock absorption characteristics and is vital for various commercial applications. Butyl rubber is also impermeable to air and used in applications where airtight rubber is required. In addition, it is also used as an adhesive sealant for damp roofing, rubber roof repair, and for proper maintenance of roof membranes and these key factors are expected to drive market revenue growth to a significant extent over the forecast period. Butyl rubber also has a wide range of applications in pharmaceutical and biotechnology industries and butyl rubber stoppers have proven to significantly increase the shelf-life of sterilized media and this is expected to further contribute to revenue growth of the market going ahead.