According to ChemAnalyst report, “Global Halo Butyl Rubber Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032” The Global Halo Butyl Rubber market is anticipated to grow at a CAGR of 5.09% during the forecast period and reach 1500 thousand tonnes due to major demand from the Tyre and Inner Tube, Pharmaceutical Closures, Construction, Adhesives and Sealants, end-use industries.

The production of tyres, inner tubes for tyres, medicinal stoppers, and industrial rubber goods all primarily use halo butyl rubber. Pharmaceutical products like stoppers, and rubber goods like those used to seal vials, bottles, and other containers are also produced using Halo Butyl Rubber. The Halo Butyl Rubber market is expected to witness major expansion with the increasing demand from the Tyre and Inner Tube industry.  The global halo-butyl rubber market will expand over the next five years due to the expanding usage of halo-butyl rubbers in the pharmaceutical industry as stoppers and tubes. Other niche applications of HIIR such as for manufacturing gaskets, sealants, adhesives, and sporting equipment, also contribute to the market expansion.

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The global Halo Butyl Rubber market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the global Halo Butyl Rubber market is segmented into Tyre and Inner Tube, Pharmaceutical Closures, Construction, Adhesives and Sealants, and Others. Among these, Tyre and Inner Tube industry is dominating the Halo Butyl Rubber market. This industry consumed approximately 80% of the market in 2022 and is anticipated to dominate the market in the forecast period as well. The high value polymer butyl (and its main derivative, halobutyl) is and will remain particularly well adapted for its main application of air retention in tyres. It is a preferred material for this application due to its special properties which help in the processes of mixing, extrusion, molding, and calendaring.

Based on demand by region, Asia Pacific dominates the global Halo Butyl Rubber market followed by Europe and North America. In 2022, Asia Pacific consumed approximately 55% of the total Halo Butyl Rubber globally produced. Asia Pacific also holds the majority production capacity of Halo Butyl Rubber with China being the key consumer. Furthermore, China is the hub of automobile manufacturing, with several companies having set up manufacturing plants. However, Europe is the second largest consumer of Halo Butyl Rubber. With the growing demand for automotives, affecting the demand for tires is likely to favor the market expansion rate of Halo Butyl Rubber.

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According to ChemAnalyst report, “Global Halo Butyl Rubber Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2032”, Major players in the production of Global Halo Butyl Rubber are ExxonMobil, PJSC Nizhnekamskneftekhim, Arlanxeo (Saudi Amarco), SINOPEC Beijing Yanshan Company, Chambroad Sinopoly New Material Co., Ltd., Zhejiang Cenway New Materials Co., Ltd, Sabic & ExxonMobil JV, Reliance Sibur Elastomers Private Limited, Japan Butyl Co. Ltd, and Others.

“Halo Butyl Rubber is a versatile rubber with properties like high gas and liquid impermeability, great mechanical performance over a wide temperature range, good fatigue resistance, and increased resistance to the majority of chemicals, making them suitable for manufacturing tyres and inner tubes, which is the primary requirement for producing automotives. Due to the rising demand for Halo Butyl Rubber from end-use industries like Tyre and Inner Tube, Pharmaceutical Closures, Construction, Adhesives and Sealants, the market is likely to witness and expansion in the upcoming years. Currently, Asia Pacific is the leading consumer of Halo Butyl Rubber followed by Europe region. Owing to the rapidly growing population across the globe resulting in rising need for automotive will most likely increase the demand of Halo Butyl Rubber in the forecast period and likely to offer potential opportunities for Halo Butyl Rubber market players to expand their production capacities in order to reduce demand supply gap of Halo Butyl Rubber in the forecast period” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

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