NEW YORK, Oct. 27, 2021 /PRNewswire/ -- Reports and Data has published its latest report titled "Butyl Rubber Market By Type (Regular Butyl Rubber, Brominated Butyl Rubber, Chlorinated Butyl Rubber), By Application (Coatings, Adhesives & Sealants, Tubes & Tires, Wires & Cables, Gaskets, Membranes, Footwear, Conveyer Belts, Protective Clothing, Others), By End-use (Construction, Industrial, Textile Industry, Rubber Industry, Automotive, Medical, Pharmaceutical, Others), and By Region Forecast to 2028."

According to Reports and Data, the global butyl rubber market size was USD 3,906.7 million in 2020 and is expected to reach USD 6,859.8 million in 2028 and register a revenue CAGR of 7.4% during the forecast period, 2021-2028.

Butyl rubber is a copolymer of isobutylene and isoprene and is widely used in tubes and in the liners of tubeless tires owing to lower air permeability as compared to other synthetic or natural rubbers. Butyl rubber does not break down easily during the routine mixing process in the mill and has high tensile strength and high resistance to oxidation and many chemicals. These excellent physical and mechanical properties make the material highly suitable for the production of inner tubes and in electric wire and cable insulation, steam hoses, adhesives, and mechanical goods. Butyl rubber can be readily applied on factory equipment and due to its excellent chemical stability, is also used as a serviceable replacement for rubber in various other applications. For instance, butyl rubber acts as a robust elastomer on exposure to warfare agents and decontamination materials as it is harder, less porous, but has sufficient elasticity to form an airtight seal. This has further boosted its use in creating seals in gas masks and protective clothing and is another key factor expected to fuel revenue growth of the market going ahead.

Another application of butyl rubber is chewing gums, in which food-grade butyl rubber is used as the central gum base. It offers elasticity and renders a stubborn and sticky quality to the gum. In addition, a majority of modern surround-sound speakers use butyl rubber as an alternative to foams due to deteriorating nature of foams is expected to drive revenue growth of the market going ahead. However, volatility in raw material prices and stringent regulatory policies concerned with Volatile Organic Compounds (VOCs) released during rubber production can hamper market growth to a significant extent over the forecast period.