Chlorobutyl Rubber or CIIR is a Terpolymer of Isobutylene, Isoprene, and chlorinated Isoprene, which gives CIIR properties like low gas and moisture permeability, good vibration damping, resistance to fire and steam, low glass transition temperature, excellent resistance to aging and weathering, and specific exceptional properties like advanced adhesion, increased cure reactivity, and higher compatibility with unsaturated polymers. According to BlueQuark Research & Consulting, the global Chlorobutyl Rubber market is expected to witness a significant growth rate during the forecasted period. Factors like the increasing use of Chlorobutyl Rubber in the automotive sector, which is used to produce the inner liner of the tubeless tires and radial tires, are expected to drive the market growth. Further, the use of Chlorobutyl Rubber in manufacturing heat-resistant tubes in industries is projected to drive market growth. Furthermore, the use of Chlorobutyl Rubber in the medical industry to manufacture medical stoppers used in syringes is expected to drive future market growth. However, factors like stringent government regulations concerning excessive use of synthetic rubber, fluctuating raw material prices, and lower sustainability of synthetic rubber compared to natural rubber are expected to hinder the market growth.
Chlorobutyl Rubber is used to manufacture components like inner tire tubes, tire sidewalls, automotive engine mounts, unique purpose conveyor belt covers, medical stoppers for injection vials and infusion bottles, and heat resistant tubes, among others. CIIR is also used in end-user industries like automotive, industrial and medical.
The Automobile industry is the leading consumer and market for Chlorobutyl rubber and is projected to drive the global Chlorobutyl Rubber market. Growing population and increasing urbanization are the main reasons for the increased automobiles sales, especially in countries like India and China. Chlorobutyl rubber is primarily used for the production of the inner liners of tubeless and radial tires and tire sidewalls of vehicles to keep tire pressures constant over a long period, thus adding to the life of the tires, at the same time increasing fuel economy and efficiency and reducing the overall carbon emissions. Since Chlorobutyl is used as a critical component of all vehicles, increasing the tire’s air retention performance, its use is similar in conventional and electric vehicles, making it essential for the industry's future growth. Further, as reported by the International Organization of Motor Vehicle Manufacturers, 2021 saw nearly 21 million vehicles manufactured in the first three months, a 17% year-on-year increase. Thus, Chlorobutyl is a critical component of the automotive segment, which is necessary for the industry's growth.
Some of the market's key players areExxonMobil Chemical,Lanxess AG,Arlanxeo,Sinopec Beijing Yanshan,Nizhnekamskneftekhim, andSIBUR, among others.
Asia-Pacific region is expected to be the leader in Chlorobutyl Rubber production, with most of the consumption in China and India. Chlorobutyl rubbers find a broad range of applications from tires and automotive parts to pharmaceuticals and industrial products because of their saturated nature, safety, and environmental attributes. Chlorobutyl Rubber has a vast scope of application in the automotive industry in making the inner lining used to contain and maintain air pressure in the tires. China is the biggest country in terms of the number of automobiles manufactured, with thousands manufactured daily, catering to its domestic need and the international market, with the China Association of Automobile Manufacturers reporting vehicle sales in China to hit nearly 27 million in 2021. Further, the use of Chlorobutyl in the manufacture of conveyor belts used in the industry is expected to drive the demand for BIIR in the region, with many factories being set up recently. Since greater than half of the world’s population lives in the region, the medical industry is critical to the region, and the use of Chlorobutyl rubber in the industry to make medical stoppers used in injection vials and infusion bottles is expected to drive the regional market. Thus, factors like these have made Asia-Pacific an essential scope for the global Chlorobutyl Rubber market.
In April 2021,SIBURand TAIF-NK are set to merge their petrochemical business.
In August 2020,Reliance Industries Limitedand SIBUR started a joint venture in India to produce synthetic rubber, Reliance Sibur Elastomers Private Limited, of which RIL holds 74.9% while SIBUR holds 25.1%, with an annual production of 120000 metric tons.
Global Chlorobutyl Rubber Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Chlorobutyl Rubber market by segmenting based on the End –User Industry (Automobile, Industrial, Medical, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers and includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.
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Get latest Market Research Reports on Chlorobutyl Rubber (CIIR). Industry analysis & Market Report on Chlorobutyl Rubber (CIIR) is a syndicated market report, published as Global Chlorobutyl Rubber (CIIR) Market Outlook to 2026. It is complete Research Study and Industry Analysis of Chlorobutyl Rubber (CIIR) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.