Get the latest insights on price movement and trend analysis of Butyl Rubber in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Butyl Rubber Price Trend for the First Half of 2023
The downstream demand for butyl rubber in the Asia-Pacific region in the first quarter drove up the price trend of butyl rubber. The major influence in this rising price of butyl rubber was the demand from automotive and other related industries. In addition to this, the overall market sentiment also seemed to be moving in a positive direction in this quarter. However, the second quarter did not prove to be in favor of this trend.
The production rates of butyl rubber matched the demand for the product and eventually surpassed it, creating huge stockpiles of it in the market. The introduction of different players in the region further worsened the conditions and thus increased the competitiveness of the market. Due to these feeble conditions, the market players were forced to sell their produce at a compromised rate, and thus, the price trend of butyl rubber faced southwards.
In Europe, the strong supply chains and declining downstream demand exerted a negative influence on the prices of butyl rubber in the first quarter of 2023. The level of stockpiles and negative market conditions proved to be a problem for the market for butyl rubber.
In the second quarter, the price trend fluctuated due to the loss of momentum in the automotive and tire industries. However, the pharmaceutical industries and other related sectors supported the butyl rubber market in the month of May. But then the poor performance of the construction sector and overall low demand caused the price trend of butyl rubber to move downwards.
The first quarter witnessed a mixed trajectory in the market for butyl rubber as the prices were stagnant at first, then rose, and then declined. The major influencing factor of this trend was the fluctuations in demand from the automotive sector, which were, in turn, influenced by the availability of semiconductors.
The challenging financial conditions of the market further proved to be a challenge for the price trend of butyl rubber. However, the second quarter showcased sustainable growth in the butyl rubber market. The market activities of the automotive and tire industries gained momentum, and the consumers also showcased confidence via their increased buying potential. In addition to this, the supply sector also supported the rising market movement of butyl rubber, and thus, as a result, the price trend of butyl rubber inclined.
According to Procurement Resource, the price trend of Butyl rubber is estimated to follow an oscillating trend as the demand for butyl rubber in the market is dependent on the fluctuating market dynamics of the automotive and other related industries.
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The copolymerization reaction of isobutylene and isoprene results in the production of butyl rubber, that belongs to the category of synthetic elastomers. This rubber has high gas permeability, excellent weather resistance, flexibility, and enhanced resistance to chemicals. Due to its these properties, it is widely used in the production of airtight seals, applications employing chemical and gas protection and moisture resistance.
|Product Name||Butyl Rubber|
|Industrial Uses||Tire inner lines, Adhesives and sealants, Medical applications, Sports equipment, Electrical insulation, Liners for tanks and ponds|
|Supplier Database||Fine organics, Timco Rubber, The Goodyear tire and rubber products Inc, JSR Corporation, Exxon Mobil Chemical, Reliance Industries Ltd, LANXESS AG, Eastman Chemical Company|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The reaction of methyl chloride and ethylene in liquid state produces butyl rubber. The excess methyl chloride is removed from the solution by adding hot water. It is then stabilized by calcium stearate and with subsequent purification step, the final product is obtained.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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