India Butyl Rubber market is anticipated to grow at a steady CAGR of 4.78% by FY2030. Increasing use of Butyl Rubber due to its inertness, high stability, and thermal resistance drives its applications in numerous industries such as tyre manufacturing is anticipated to spur the demand for Butyl Rubber in India.
Butyl rubber is synthetic rubber which is a copolymer of isobutylene and isoprene. The abbreviation IIR stands for Isobutylene Isoprene Rubber. Butyl Rubber displays properties like superior weather resistance, heat, and chemical resistance attributes in comparision to other general-purpose rubbers. Butyl rubber is well renowned for its superior air retention qualities. Steam hoses, mechanical items, adhesives, and wire and cable insulation are a few other applications of butyl rubber.
Excellent properties of butyl rubber drive its application to manufacture tyres for automobiles. The booming manufacturing of tyres for both domestic and international sales is driving the Indian tyre sector. Also, the tyre business benefits from the rising car ownership caused by growing urbanisation and the rise of income in the middle-class people. The government's plan to spend INR 18,000 crores to improve public bus transportation is anticipated to boost market expansion. These factors are anticipated to contribute towards the growth of Butyl Rubber demand in the forecast period. One of the he major uses of Butyl Rubber is to produce Polyisobutylene (PIB). The homopolymer of isobutylene, or 2-methyl-1-propene, on which butyl rubber is based is polyisobutylene, also referred to as PIB or polyisobutene, (C4H8)n, which is required for the manufacturing fuel additives. Furthermore, the demand for Butyl Rubber is increasing to produce Polyisobutenylsuccinic Anhydride (PIBSA) from Polyisobutylene (PIB), which is further required to produce additives for lubricating oils and motor fuels. Butyl Rubber has the properties that can remove the oil mist from the engines in the automotive and increase the oil’s viscoelasticity when added to the motor fuels and lubricating oils. Additionally, demand for Butyl Rubber to manufacture cleaners that are very efficient in removing oil spills further contributes to the market. Other booming application of Butyl Rubber is in the manufacture of sealants that can be used in rubber roof repairs and damp proofing. Butyl Rubber has become a popular option for surrounding of speakers rather than foams as it has become a more cost-efficient option for sealing sound leakage in automotives.
Geographically, India Butyl Rubber Market is segregated into North, South, East, and West. In the historic period of FY2015-FY2023, West India has been dominating the market. In FY2023, West India consumed approximately 37% of the market. Currently, India is majorly dependent on imports for butyl rubber. The domestic demand is satisfied by importing goods from other nations. Reliance industries Limited in partnership with SIBUR has developed a joint venture, Reliance Sibur Elastomers Private Limited, situated in Jamnagar, India, which caters some percentage of butyl rubber demand in India.
Based on end-use, India Butyl Rubber Market is divided into Tyre & Tube, Pharmaceuticals, Others. As of FY2023, the Tyre & Tube industry is dominating the Butyl Rubber market with a share of 94%. With the growth in vehicle production and sale, the demand for tyres is anticipated to fuel the butyl rubber demand across the nation.
Only producer in the India Butyl Rubber market include Reliance Sibur Elastomers Private Limited. Major players in the production of Global Butyl Rubber are ExxonMobil, Arlanxeo (Saudi Amarco), Japan Butyl Co. Ltd, SINOPEC Beijing Yanshan Company, Formosa Synthetic Rubber Corporation, Tolyattikauchuk (SIBUR), Shandong Chambroad Petrochemicals Co., Ltd, China Petrochemical Corporation, Nizhnekamskneftekhim, Sabic & ExxonMobil JV, and Others.
Years considered for this report:
Historical Period: FY2015-FY2023
Base Year: FY2023
Estimated Year: FY2024
Forecast Period: FY2025- FY2030
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Objective of the Study:
• To assess the demand-supply scenario of Butyl Rubber which covers production, demand and supply of Butyl Rubber market in India.
• To analyse and forecast the market size of Butyl Rubber in India.
• To classify and forecast India Butyl Rubber market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of Butyl Rubber market in India.
To extract data for India Butyl Rubber market, primary research surveys were conducted with Butyl Rubber manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for India Butyl Rubber market over the coming years.
ChemAnalyst calculated Butyl Rubber demand in India by analyzing the historical data and demand forecast which was carried out considering the imports and domestic production coupled with demand from end user industry. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data / import data of Butyl Rubber to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Butyl Rubber manufacturers and other stakeholders
• Organizations, forums and alliances related to Butyl Rubber distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Butyl Rubber manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, India Butyl Rubber market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Growth Rate
CAGR of 4.78% from FY2024 to FY2030
Base year for estimation
FY2024
Historic Data
FY2015 – FY2023
Forecast period
FY2025 – FY2030
Quantitative units
Demand in thousand tonnes and CAGR from FY2024 to FY2030
Report coverage
Capacity By Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade
Segments covered
By End-Use: (Tyre & Tube, Pharmaceuticals, Others)
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Member - Board of Directors
Osaka Gas Co. Ltd
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What is the anticipated market growth rate of India Butyl Rubber market for the forecast period of FY2025-FY2030?
Ans:
The India Butyl Rubber is anticipated to grow at a CAGR of 4.78% for the forecast period of FY2025-FY2030.
Q2.
Which industry is dominating the India Butyl Rubber market?
Ans:
As of FY2023, Tyre & Tube industry is dominating the Butyl Rubber market in India with an estimated share of approximately 94%.
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