According to ChemAnalyst report from Research and Markets, “Butyl Rubber Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”. Butyl Rubber market witnessed a demand of around 1.4 million tons globally in 2020 and is anticipated to grow at a significant rate with a healthy CAGR of 3.9% until 2030 owing to its surging demand from the Automotive sector. Butyl Rubber is a synthetic polymer, produced by the copolymerization of isobutylene (98%) and isoprene (2%) therefore, also known as isobutylene-isoprene rubber (IIR Rubber). It comprises several significant properties such as chemical inertness, flexibility, low gas, and moisture permeability, good shock absorption, excellent weather & abrasion resistance, and resistance against ozone, and oxygen attack. All these properties of the elastomer make it an ideal material for inner tubes and high-pressure applications. In addition to inner tubes of tires, and high-pressure or vacuum tubes, it also finds applications in the production of wires and cables, gaskets, O-rings, Seals, diaphragms, Liners, hot melts, caulks, bottle closures, and weather stripping. It is also extensively used in adhesives and sealants as binders, and as modifiers. Moreover, it is a cost-effective material with a life span varying from 5-10 years
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