Global Bromobutyl Market Outlook to 2026 - Featuring ExxonMobil Chemical, Lanxess and Reliance Industries Among Others - ResearchAndMarkets.com

DUBLIN--()--The "Global Bromobutyl (BIIR) Market Outlook to 2026" report has been added to ResearchAndMarkets.com's offering.

Bromobutyl Rubber or BIIR is a copolymer of isobutylene and small amounts of brominated isoprene derived from halogenating butyl rubber with bromine, exhibiting qualities like excellent physical strength, great vibration dampening, a low permeability, and offering resistance to aging and weathering from environmental exposure.

According to the publisher, the global Bromobutyl Rubber market is expected to witness a significant growth rate during the forecasted period. Factors like the growing use of Bromobutyl rubber in the automotive sector for making engine mountings, window seals, tires, etc., are expected to drive the global market. Further, the use of Bromobutyl for the manufacturing of conveyor belts used in industries is projected to drive the market. Furthermore, the use of Bromobutyl in the medical industry to make medical stoppers and membranes is expected to drive the global market. However, factors like availability of substitutes, Environmental concerns, and fluctuating raw material prices are expected to hinder the global market growth.

The Automobile industry is the main consumer of Bromobutyl Rubber and is projected to drive the global Bromobutyl Rubber market. Increasing population and rapid urbanization are some of the reasons behind the increased sales of automobiles, especially in countries like India and China. Bromobutyl rubber is primarily used in the inner liners of tires of passenger vehicles to keep tire pressures constant over a long period, thus adding to the life of the tires, at the same time increasing fuel economy and efficiency and reducing carbon emissions. Further, the use of Bromobutyl in the making of automobile windscreen wipers is expected to drive the demand for BIIR in the automotive segment. Since Bromobutyl is used as a critical component of all vehicles, its use is similar in both conventional and electric vehicles, making it essential for the industry's future growth. Further, according to the International Organization of Motor Vehicle Manufacturers, 2021 saw nearly 21 million vehicles manufactured in the first three months, a 17% year-on-year increase. Thus, Bromobutyl is a critical component of the automotive segment, which is necessary for the industry's growth.

Asia-Pacific region is expected to be the leader in Bromobutyl Rubber production, with most of the consumption in China and India. Bromobutyl Rubber has a vast scope of application in the automotive industry in making the inner lining used to contain and maintain air pressure in the tires. Apart from the tires, the use of Bromobutyl rubber in the windshield wipers makes its use critical in automobile production. China is the biggest country in terms of the number of automobiles manufactured, with thousands manufactured daily, not only catering to its domestic need but also the international market, with the China Association of Automobile Manufacturers reporting vehicle sales in China to hit nearly 27 million in 2021. Further, the use of Bromobutyl in the manufacture of conveyor belts used in the industry is expected to drive the demand for BIIR in the region, with many factories being set up recently. Since greater than half of the world's population lives in the region, the medical industry is critical to the region, and the use of Bromobutyl rubber in the industry to make medical stoppers and membranes is expected to drive the regional market. Thus, factors like these have made Asia-Pacific an essential scope for the global Bromobutyl Rubber market.

Companies Mentioned

  • ExxonMobil Chemical
  • Lanxess AG
  • Reliance Industries Limited
  • Japan Butyl Company
  • PJSC Nizhnekamskneftekhim
  • JSR Corporation
  • Goodyear Tire and Rubber Company
  • SIBUR
  • Sinopec Beijing Yanshan Company
  • Formosa Synthetic Rubber Corporation
  • Herun Group
  • Shandong Shenchi Petrochemicals
  • Arlanxeo Comapny

Key Topics Covered:

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

  • 3.1 Introduction
  • 3.2 Market Dynamics
  • 3.2.1 Drivers
  • 3.2.2 Restraints
  • 3.3 Market Trends & Developments
  • 3.4 Market Opportunities
  • 3.5 Regulatory Policies
  • 3.6 Analysis of Covid-19 Impact

4. Industry Analysis

  • 4.1 Supply Chain Analysis
  • 4.2 Porter's Five Forces Analysis

5. Market Segmentation & Forecast

  • 5.1 By Type
  • 5.2 By Application

6. Regional Market Analysis

7. Key Company Profiles

8. Competitive Landscape

9. Conclusions and Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/lbruec

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900