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Global Tire use Halogenated Butyl Rubber Market Growth 2024-2030
Product Code:1000463
Published Date: Oct 17,2024
Pages: 90
Region: Global
Category: Chemical & Material
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Halogenated butyl rubber is obtained through the halogenation of the isoprene groups of the butyl rubber, producing a rubber with improved properties and characteristics. HIIR presents higher curing rates and can easily co-vulcanize in elastomer blends with other rubbers. Tire use halogenated butyl rubber refers to such rubber used in tire produdction.
The global Tire use Halogenated Butyl Rubber market size is projected to grow from US$ 3350 million in 2024 to US$ 4756 million in 2030; it is expected to grow at a CAGR of 6.0% from 2024 to 2030.
LP Information, Inc. (LPI) ' newest research report, the “Tire use Halogenated Butyl Rubber Industry Forecast” looks at past sales and reviews total world Tire use Halogenated Butyl Rubber sales in 2023, providing a comprehensive analysis by region and market sector of projected Tire use Halogenated Butyl Rubber sales for 2024 through 2030. With Tire use Halogenated Butyl Rubber sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tire use Halogenated Butyl Rubber industry.
This Insight Report provides a comprehensive analysis of the global Tire use Halogenated Butyl Rubber landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Tire use Halogenated Butyl Rubber portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Tire use Halogenated Butyl Rubber market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tire use Halogenated Butyl Rubber and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tire use Halogenated Butyl Rubber.
The automotive sector, including passenger cars and commercial vehicles, is the primary driver of tire demand. While mature markets like North America and Europe are relatively stable, emerging markets in Asia-Pacific, Africa, and Latin America are experiencing strong growth due to rising disposable incomes, urbanization, and increasing vehicle ownership. The rise of electric vehicles presents a major shift in the tire industry. EVs require specialized tires that can handle increased torque, provide low rolling resistance to maximize battery life, and support heavier vehicle weights. This transition creates opportunities for tire innovation and product development.
The global tire market is poised for steady growth, driven by the expanding automotive industry, the shift towards electric vehicles, and the consistent demand for replacement tires. The fast growth tire market will provide sufficient support for halogenated butyl rubber.
There are mainly three produers of tire use halogenated butyl rubber in China. In August 2018, five-year anti-dumping duties on halogenated butyl rubber from the United States, the EU and Singapore were imposed by China. In Sep, 2024, China will continue to impose anti-dumping duties on halogenated butyl rubber originating from the United States, the European Union (EU), the United Kingdom (UK) and Singapore. Duties ranging from 23.1 to 75.5 percent will be levied toward the related companies for a five-year period, according to the ministry.
This report presents a comprehensive overview, market shares, and growth opportunities of Tire use Halogenated Butyl Rubber market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Chlorinated Butyl Rubber
Brominated Butyl Rubber
Segmentation by Application:
Bicycles
Trucks
Passenger Car
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
ExxonMobil
ARLANXE
PJSC Nizhnekamskneftekhim
Reliance Sibur
Sinopec Beijing Yanshan
Chambroad Petrochemical
Zhejiang Cenway New Materials
Key Questions Addressed in this Report
What is the 10-year outlook for the global Tire use Halogenated Butyl Rubber market?
What factors are driving Tire use Halogenated Butyl Rubber market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Tire use Halogenated Butyl Rubber market opportunities vary by end market size?
How does Tire use Halogenated Butyl Rubber break out by Type, by Application?