In the Asia Pacific region, strong demand from automotive and related industries drove up butyl rubber prices in Q1, supported by positive market sentiment. However, Q2 saw production outpacing demand, leading to excess stockpiles and increased competition. In Europe, Q1 witnessed declining demand and oversupply negatively impacting prices, with fluctuations continuing into Q2 due to mixed momentum in automotive, tire, and pharmaceutical sectors. North America experienced a mixed Q1 due to semiconductor-driven automotive demand fluctuations, compounded by challenging market conditions. Q2 showed sustained growth driven by increased consumer confidence, automotive and tire industry activities, and supply support, pushing butyl rubber prices upwards.
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Definition
Butyl rubber, a synthetic elastomer, is valued for its excellent gas and moisture impermeability. It has high flexibility, chemical resistance, and damping properties, making it useful for vibration isolation. Its low gas permeability makes it ideal for tire inner liners and tubes, ensuring proper tire inflation. It maintains stability over a wide temperature range and displays resistance to aging and ozone. While offering good electrical insulation, it’s also resistant to water and many chemicals. These properties make butyl rubber suitable for applications such as tires, seals, adhesives, and protective gear.
Key Details About the Butyl Rubber Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Butyl Rubber in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Butyl Rubber Price chart, including India Butyl Rubber price, USA Butyl Rubber price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Butyl Rubber Price Trend:
Butyl rubber, known for its impermeability to gases and liquids, finds versatile industrial applications. Its primary use lies in tire manufacturing, where its airtight nature ensures proper tire pressure retention and increased durability. Butyl rubber is utilized in the production of inner tubes and tire liners, reducing leakage and enhancing tire lifespan. In the automotive sector, it is employed for gaskets, seals, and hoses due to its resistance to chemicals and weathering. Its vibration-damping properties make it useful in machinery mounts, shock absorbers, and various mechanical components. Additionally, butyl rubber is applied in adhesives, pharmaceutical stoppers, protective clothing, and waterproof coatings due to its unique properties.
Key Players:
- Fine organics
- Timco Rubber
- The Goodyear tire and rubber products Inc
- JSR Corporation
- Exxon Mobil Chemical
- Reliance Industries Ltd
- LANXESS AG
- Eastman Chemical Company
News and recent development:
China’s commerce ministry announced that during the final inquiry into anti-dumping measures against the butyl rubber (which will begin on August 20), it will keep imposing anti-dumping levies on imports of halogenated butyl rubber from Singapore, the European Union, and the United States.
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