Global Halo-Butyl Rubber Market is anticipated to grow significantly through 2028 due to the increasing demand from the pharmaceutical sector. In 2021, the pharmaceutical sector reached a production value of over USD 36.32 billion in Europe.
Global Halo-Butyl Rubber Market is expected to expand during the projected period due to increasing demand from the automobile sector in the form of door cover, in tube & tires, construction sector as sealing rubber, pharmaceutical sector, as halo-butyl rubber helps to preserve the potency and stability of sensitive medications by providing resistance to moisture and gas permeation.
Growing Demand of Halo-Butyl Rubber from Tire & Tube Sector
Halo-butyl rubber, a synthetic elastomer renowned for its exceptional barrier properties, heat resistance, and durability. One of the primary reasons for the rising demand for halo-butyl rubber in the tire and tube sector is its superior air retention properties. The excellent impermeability of halo-butyl rubber significantly reduces the rate of air leakage from tires, resulting in improved tire pressure maintenance over extended periods. This characteristic enhances overall tire performance, fuel efficiency, and safety, making halo-butyl rubber an ideal choice for tire manufacturers. Properly inflated tires not only last longer but also offer better handling, grip, and braking performance. By minimizing air permeation, halo-butyl rubber helps ensure that tires remain properly inflated, reducing the risk of accidents caused by underinflation. As safety remains a paramount concern for both consumers and regulatory bodies, the demand for halo-butyl rubber in the tire and tube sector continues to grow. In addition, tires are subject to extreme temperature variations, from scorching summers to freezing winters. Halo-butyl rubber exhibits excellent resistance to heat and cold, allowing tires to maintain their performance characteristics across a wide range of temperatures. This thermal stability ensures consistent tire performance and minimizes the risk of blowouts or loss of traction, making halo-butyl rubber a preferred choice for tires in diverse climates.Along with this, electric vehicles are heavier, create greater torque and are more demanding on tires. The batteries that power electric vehicles weigh more than gas-powered engines. This added weight bears heavily on the tires, creating greater friction between the road and the tire, or rolling resistance. A tire’s rolling resistance is critical to energy efficiency as more friction creates a power drain on the batteries and an increase in the tire internal temperature, resulting in high energy consumption and decreased vehicle range. Good air retention means low Inflation Pressure Loss Rate (IPLR), which measures the air a tire loses per month and, when it comes to inner liners, it varies widely depending on the compound composition and gauge. The lower, the better. Low IPLR can minimize the “in-use” rolling resistance and maximize the EV driving range. Thus, halo-butyl rubber possesses a low rolling resistance property that reduces energy loss during tire rotation, resulting in improved fuel efficiency. As environmental concerns and fuel economy regulations become more prominent, tire manufacturers are increasingly adopting halo-butyl rubber to produce energy-efficient tires that reduce fuel consumption and carbon emissions.Moreover, tires and tubes are exposed to a variety of chemicals, including automotive fluids, ozone, and UV radiation. Halo-butyl rubber exhibits exceptional resistance to these factors, making it highly suitable for tire manufacturing. It withstands the corrosive effects of chemicals, prevents oxidation and degradation caused by exposure to ozone and UV radiation, and maintains its physical properties over a longer period. This resistance to chemicals and weathering contributes to the durability and longevity of tires.Therefore, increasing demand of halo-butyl rubber in the tire & tube sector drives the growth of Global Halo-Butyl Rubber Market during the projected period.Download FREE Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3150 Rising Demand from Pharmaceutical SectorThe pharmaceutical industry places utmost importance on maintaining product integrity and stability to ensure the efficacy and safety of medications. For instance, in 2021, the European country Ireland report the net selling value of pharmaceutical sector is USD 63.30 billion. Halo-butyl rubber offers excellent barrier properties, preventing the ingress of moisture, oxygen, and other contaminants that can compromise the quality and shelf life of pharmaceutical products. By acting as a reliable barrier, halo-butyl rubber helps preserve the potency and stability of sensitive medications, ensuring that patients receive the intended therapeutic benefits. Due to its inert nature and resistance to chemical interactions it minimizes the risk of drug-container interactions and the potential for leaching, ensuring that the medication remains pure and uncontaminated. This quality is particularly critical for parenteral drugs, such as injectables and infusions, where any leaching or interaction with packaging materials could affect the drug’s efficacy or cause adverse reactions in patients. Halo-butyl rubber is generally preferred because it ensures adequate protection, in the form of stoppers and seals, of sterile pharmaceutical products against external contamination during storage, secure delivery, and use.Furthermore, halo-butyl rubber meets these stringent requirements and complies with various regulatory authorities, such as the US Food and Drug Administration (FDA) and the European Medicines Agency (EMA). In addition, by preventing moisture and oxygen ingress, it helps preserve the potency and stability of medications, reducing the need for frequent product recalls and minimizing waste as well as it is compatible with various sterilization methods, including steam sterilization, gamma radiation, and ethylene oxide sterilization. The rise of biologics and specialty medications require specialized packaging materials that provide superior barrier properties and prevent degradation and also maintain the integrity of biologics and specialty medications, even in demanding storage and transportation conditions, which makes it an ideal choice for ensuring the safety and efficacy of these advanced pharmaceuticals result in the growth of Global Halo-Butyl Rubber Market in the forecast period.
Increasing Demand from Construction Sector
Waterproofing is a critical aspect of construction, and halo-butyl rubber plays a vital role in ensuring effective water management in various applications. Its excellent impermeability to water and moisture makes it an ideal choice for sealing and waterproofing applications, such as roofing systems, foundations, tunnels, and basements. Halo-butyl rubber membranes provide a reliable barrier against water intrusion, protecting structures from leaks, dampness, and potential damage. The construction industry often encounters harsh environments and exposure to chemicals. Halo-butyl rubber’s resistance to chemicals and environmental elements makes it highly suitable for construction applications that involve contact with corrosive substances. It provides a durable protective layer, ensuring long-term performance and reducing maintenance requirements. In addition, it is used in construction applications as an air and vapor barrier to enhance energy efficiency and indoor air quality. By preventing the infiltration of outside air and the escape of conditioned air, halo-butyl rubber improves insulation performance, reduces energy consumption, and enhances thermal comfort within buildings.All these factors dominate the demand of the halo-butyl rubber in the projected years.However, fluctuations in raw material prices, such as isobutylene and chloromethyl styrene can impact the overall production cost of halo-butyl rubber which poses a challenge for manufacturers in terms of setting competitive prices while maintaining profitability as well as presence of alternative substitutes including elastomers or coatings may provide comparable barrier properties, chemical resistance, or durability result in slow down the market growth. Moreover, strict regulatory norms stringent regulatory norms against volatile organic compound (VOC) emissions caused by rubber production further slowdown the market growth.
Recent Developments
- In 2022, Nizhnekamskneftekhim (SIBUR Holding PJSC) increases the production of halo-butyl rubber from 150 to 200 thousand tons per year.In 2021, Azelis and SIBUR partner up to expand network for rubber & plastic additives in Western Europe including PVC industry in France, Iberia and Italy, and its butyl/halobutyl range in France.In 2020, SIBUR and Reliance Industries Ltd (RIL) have started up their joint venture butyl/halobutyl rubber production facility in India, which provide up to 60 ktpa capacity of Butyl + 60 ktpa capacity of halobutyl rubber.In 2020, Cenway finished a butyl rubber upgrade project in Panjin, Liaoning.
Market Segmentation
Global Halo-Butyl Rubber Market is segmented based on type, application, and region. Based on type, the Global Halo-Butyl Rubber Market is fragmented into chloro-butyl rubber, bromo-butyl rubber, and others. Based on the application, the Global Halo-Butyl Rubber Market is categorized into tubes & tires, pharmaceuticals, construction, automotive, and others. Based on region, the Global Halo-Butyl Rubber Market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa.
Company Profiles
Exxon Mobil Corporation, ARLANXEO Holding BV, SIBUR Holding PJSC, Lanxess AG, Natraj Rubbers, Zhejiang Cenway Materials Co., Ltd., Eswar Rubber Products Pvt. Ltd., Sinopec Group, Reliance Industries Limited, Japan Butly Co. Ltd are some of the key players of Global Halo-Butyl Rubber Market.
AttributeDetailsBase Year2022Historic Data2018 – 2021Estimated Year2023Forecast Period2024 – 2028Quantitative UnitsRevenue in USD Million, and CAGR for 2018-2022 and 2023-2028Report coverageRevenue forecast, company share, competitive landscape, growth factors, and trendsSegments covered· Type· ApplicationRegional scopeNorth America, Europe, Asia Pacific, South America, Middle East & AfricaCountry scopeUnited States; Mexico; Canada; France; Germany; United Kingdom; Spain; Italy; China; India; South Korea; Japan; Singapore; Brazil; Argentina; South Africa; Saudi Arabia; UAEKey companies profiledExxon Mobil Corporation, ARLANXEO Holding BV, SIBUR Holding PJSC, Lanxess AG, Natraj Rubbers, Zhejiang Cenway Materials Co., Ltd., Eswar Rubber Products Pvt. Ltd., Sinopec Group, Reliance Industries Limited, Japan Butly Co. LtdCustomization scope10% free report customization with purchase. Addition or alteration to country, regional & segment scope.Pricing and purchase optionsAvail customized purchase options to meet your exact research needs. Explore purchase optionsDelivery FormatPDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
In this report, Global Halo-Butyl Rubber market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
- Chloro-Butyl RubberBromo-Butyl RubberOthers
- Tubes & TiresPharmaceuticalsConstructionAutomotiveOthers
- North America
- United StatesMexicoCanada
- FranceGermanyUnited KingdomSpainItaly
- ChinaIndiaSouth KoreaJapanSingapore
- BrazilArgentina
- South AfricaSaudi ArabiaUAE
- Research Methodology
2.1. Objective of the Study2.2. Baseline Methodology2.3. Key Industry Partners2.4. Major Association and Secondary Sources2.5. Forecasting Methodology2.6. Data Triangulation & Validation2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market3.2. Overview of Key Market Segmentations3.3. Overview of Key Market Players3.4. Overview of Key Regions/Countries3.5. Overview of Market Drivers, Challenges, Trends
- Voice of CustomerGlobal Halo-Butyl Rubber Market Outlook
5.1. Market Size & Forecast5.1.1. By Value & Volume5.2. Market Share & Forecast5.2.1. By Type (Chloro-Butyl Rubber, Bromo-Butyl Rubber, Others)5.2.2. By Application (Tubes & Tires, Pharmaceuticals, Construction, Automotive, Others)5.2.3. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)5.2.4. By Company (2022)5.3. Market Map5.3.1. By Type5.3.2. By Application5.3.3. By Region
- North America Halo-Butyl Rubber Market Outlook
6.1. Market Size & Forecast 6.1.1. By Value & Volume6.2. Market Share & Forecast6.2.1. By Type6.2.2. By Application6.2.3. By Country6.3. North America: Country Analysis6.3.1. United States Halo-Butyl Rubber Market Outlook6.3.1.1. Market Size & Forecast6.3.1.1.1. By Value & Volume6.3.1.2. Market Share & Forecast6.3.1.2.1. By Type6.3.1.2.2. By Application6.3.2. Mexico Halo-Butyl Rubber Market Outlook6.3.2.1. Market Size & Forecast6.3.2.1.1. By Value & Volume6.3.2.2. Market Share & Forecast6.3.2.2.1. By Type6.3.2.2.2. By Application6.3.3. Canada Halo-Butyl Rubber Market Outlook6.3.3.1. Market Size & Forecast6.3.3.1.1. By Value & Volume6.3.3.2. Market Share & Forecast6.3.3.2.1. By Type6.3.3.2.2. By Application
- Europe Halo-Butyl Rubber Market Outlook
7.1. Market Size & Forecast 7.1.1. By Value & Volume7.2. Market Share & Forecast7.2.1. By Type7.2.2. By Application7.2.3. By Country7.3. Europe: Country Analysis7.3.1. France Halo-Butyl Rubber Market Outlook7.3.1.1. Market Size & Forecast7.3.1.1.1. By Value & Volume7.3.1.2. Market Share & Forecast7.3.1.2.1. By Type7.3.1.2.2. By Application7.3.2. Germany Halo-Butyl Rubber Market Outlook7.3.2.1. Market Size & Forecast7.3.2.1.1. By Value & Volume7.3.2.2. Market Share & Forecast7.3.2.2.1. By Type7.3.2.2.2. By Application7.3.3. United Kingdom Halo-Butyl Rubber Market Outlook7.3.3.1. Market Size & Forecast7.3.3.1.1. By Value & Volume7.3.3.2. Market Share & Forecast7.3.3.2.1. By Type7.3.3.2.2. By Application7.3.4. Spain Halo-Butyl Rubber Market Outlook7.3.4.1. Market Size & Forecast7.3.4.1.1. By Value & Volume7.3.4.2. Market Share & Forecast7.3.4.2.1. By Type7.3.4.2.2. By Application7.3.5. Italy Halo-Butyl Rubber Market Outlook7.3.5.1. Market Size & Forecast7.3.5.1.1. By Value & Volume7.3.5.2. Market Share & Forecast7.3.5.2.1. By Type7.3.5.2.2. By Application
- Asia-Pacific Halo-Butyl Rubber Market Outlook
8.1. Market Size & Forecast 8.1.1. By Value & Volume8.2. Market Share & Forecast8.2.1. By Type8.2.2. By Application8.2.3. By Country8.3. Asia-Pacific: Country Analysis8.3.1. China Halo-Butyl Rubber Market Outlook8.3.1.1. Market Size & Forecast8.3.1.1.1. By Value & Volume8.3.1.2. Market Share & Forecast8.3.1.2.1. By Type8.3.1.2.2. By Application8.3.2. India Halo-Butyl Rubber Market Outlook8.3.2.1. Market Size & Forecast8.3.2.1.1. By Value & Volume8.3.2.2. Market Share & Forecast8.3.2.2.1. By Type8.3.2.2.2. By Application8.3.3. South Korea Halo-Butyl Rubber Market Outlook8.3.3.1. Market Size & Forecast8.3.3.1.1. By Value & Volume8.3.3.2. Market Share & Forecast8.3.3.2.1. By Type8.3.3.2.2. By Application8.3.4. Japan Halo-Butyl Rubber Market Outlook8.3.4.1. Market Size & Forecast8.3.4.1.1. By Value & Volume8.3.4.2. Market Share & Forecast8.3.4.2.1. By Type8.3.4.2.2. By Application8.3.5. Singapore Halo-Butyl Rubber Market Outlook8.3.5.1. Market Size & Forecast8.3.5.1.1. By Value & Volume8.3.5.2. Market Share & Forecast8.3.5.2.1. By Type8.3.5.2.2. By Application
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