Frequently Asked Questions
The global bromobutyl rubber market was valued at USD 1.1 Billion in 2022.
The bromobutyl rubber market is expected to grow at a CAGR of 5.5% between 2023 and 2030, reaching USD 1.6 Billion in 2030.
Regular butyl is the leading segment by type, holding over 60% share in value in 2022.
The tires and tubes segment governs the world’s demand for bromobutyl rubber, holding a massive share of over 40% in 2022.
The adhesives and sealants segment will post the highest CAGR during the forecast period.
Asia Pacific is fueling the growth of the carbon-neutral lubricants industry, with an over one-third share in 2022.
Top players are ExxonMobil, Lanxess, PJSC Nizhnekamskneftekhim, Sinopec Beijing Yanshan and Zhejiang Cenway.
The growing automotive industry is the major market driver.
Low heat resistance of bromobutyl rubber is the major market restraint.
Increasing applications of bromobutyl rubber in pharmaceuticals.