Butyl Rubber Market Analysis in the world: Current situation and future forecast
Subject Areas :Zohre Taherkhani 1 , masume sajadian 2 , fatemeh asadi 3
1 - Chemical Process Design Research Group, ACECR-Tehran Organization, 1417613131, Tehran, Iran
2 - Chemical Process Design Research Group, ACECR-Tehran Organization, 1417613131, Tehran, Iran
3 - Chemical Process Design Research Group, ACECR-Tehran Organization, 1417613131, Tehran, Iran
Keywords: butyl rubber, market study, import and export, future forecast,
Abstract :
Butyl rubber has many applications in various industries due to its unique properties such as low gas and water permeability, relatively high coefficient of friction and chemical and thermal resistance. By considering the variety of applications and consumption of this material, it is important to investigate the market of butyl rubber in the world. Therefore, in this paper, the amount of supply and demand, analysis of market trends, effective parameters and the forecast of the future market of butyl rubber in different countries are discussed. The data shows that China and Japan are the largest producers of butyl rubber in the world and 28% of the world's total capacity is in these two countries. Also, China is the largest consumer of butyl rubber with consumption of about 35% of the global capacity, and North America is the next with consumption of about 15%. The market of butyl rubber in the world is equal to 1.629 million tons in 2023 and the export and import volume is 822 thousand tons. It is expected that the amount of supply and consumption of butyl rubber will increase to 1.764 million tons by 2026 with a growth rate of 3.7% and the export and import volume will reach to 915 million tons.
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