Growing requirement for high-end components in automobiles owing to consumer awareness is anticipated to propel demand for butyl rubber tires. Such tires are expected to offer unique durability and heat resistance made possible due to physical and mechanical attributes of butyl rubber.
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Latest Bicycle Tires Better Equipped to Handle High Speeds
Major applications variants of butyl rubber are adhesives, stoppers, sealants, industrial & medical gloves, and tires & lubes. In the coming years, the tires & lubes segment is expected to witness significant growth owing to rising demand for automobiles and quality tires. Tires made from butyl rubber are likely to offer high tear strength and heat resistance. Such effective properties are estimated to drive demand for tires made from butyl rubber in the coming years. To cater to rising demand, most companies are focusing on R&D investments and other strategies to offer quality tires for consumer use.
For instance, Goodyear is expected to offer rubber parts made from butyl polymer (Synthetic Rubber) such as gaskets, fuel & oil seals, and floor mats to automotive companies. The company recently entered into line of bicycle tires and launched a wide range under different categories such as mountain, gravel, road, and commuter bikes. Firstly, eagle-all-season tire is expected to offer good grip under versatile conditions. Its reinforced casing is likely to improve flat resistance. Secondly, peak is expected to be light tread and fast tire for mountain bikes. Thirdly, escape is all purpose trail tire for mountain bikes only.
The global butyl rubber market is projected to exhibit significant volume by 2021, according to a report on Radiant Insights, Inc. Growing demand for automobiles with high-quality tires can influence growth of the market in the coming years. High volatility in prices of natural rubber is anticipated to propel market growth. Increasing consumption of synthetic rubber as compared to natural rubber is likely to stimulate growth of the market in the next few years. Benefits offered by butyl rubber such as durability, heat stability, and consistent inflation pressure can drive market growth during the forecast period (2017 to 2021).
Some of the leading companies offering butyl rubber are Yanhua Petrochemical Company, Reliance Industries Ltd., Timco Rubber, Kiran Rubber Industries Pvt. Ltd., and Japan Butyl Company.
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