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Butyl Adhesives are manufactured from isobutylene isoprene rubber which is a kind of butyl rubber and is categorized under synthetic rubber. Butyl rubber is generated via polymerization reaction of about 98% of isobutylene with about 2% of isoprene. Butyl Adhesive exhibits excellent properties such as impermeability to water and air, resistance to abrasion, weather and UV rays. It finds wide application scope in end use industries such as woodworking, automotive, building & construction, paper & packaging among others.Speedy growth of construction sector is anticipated to drive the market for Butyl Adhesive in the coming years. Increasing disposable income, constant urbanization, and rising living standards are expected to remain major driving factors to boost up the demand for butyl adhesive over the forecast period. Increasing investment in the ongoing R&D projects by the manufacturers coupled with strong acceptance within the end use industries are attributed to the market growth. However, fluctuations in oil prices might hinder the Butyl Adhesive Market growth in the near future.
Competitive Analysis:
The major players operating in the Butyl Adhesive Market include Vinati Organics Ltd., ADCO Global, Bostik SA, Royal Adhesives & Sealants, General Sealants, Anabond and others.
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Market Segmentation:
Butyl Adhesive is segmented on the basis of end use industry into paper & packaging, building & construction, woodworking, automotive, and others. Among these, paper & packaging is expected to hold a larger share as compared to other industries. Increasing demand for consumer goods in various countries in the world is the main factor predicted to propel the growth of the segment in the upcoming years. In the packaging industry, butyl adhesives are widely used in the production of cartons, boxes, and cases. Moreover, increasing demand for packaging products such as boxes, shipping sacks, paper bags & sacks, and associated materials is expected to drive the market growth. Building & construction sector holds the second position in the usage of Butyl Adhesive. Butyl adhesive tape is extensively used in the window frame gasket seal, repair of cracked concrete, expansion and sealing joints, and waterproofing in wet rooms, windows, and balconies. Other end-use industries include rural and agriculture, wood working, transportation, among others.
Regional Analysis:
Asia Pacific is predicted to be the largest market for Butyl Adhesive followed by North America and Europe on account of increasing demand from automotive, woodworking, and building & construction among others. Emerging countries such as China, India, and Malaysia are the fastest growing market for butyl adhesive, and is projected to grow with the same pace in the near future. Ease in the availability of raw material, growing population, and competitive manufacturing costs are also the prominent factors further improving the growth of Butyl Adhesive Market in the Asia Pacific region. North America Butyl Adhesive Market is expected to witness a steady growth with U.S. and Canada being major contributor due to the expansion of packaging and woodworking industry. Europe is predicted to witness a substantial growth in the upcoming years due to growing demand for butyl adhesive tapes in construction sector.
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Key Points from Table of Contents:
10. Company Profiles
10.1 BASF SE
10.1.1 Company Overview
10.1.2 Product/Business Segment Overview
10.1.3 Financial Updates
10.1.4 Key Developments
10.2 ADCO Global
10.2.1 Company Overview
10.2.2 Product/Business Segment Overview
10.2.3 Financial Updates
10.2.4 Key Developments
10.3 Vinati Organic Ltd.
10.3.1 Company Overview
10.3.2 Product/Business Segment Overview
10.3.3 Financial Updates
10.3.4 Key Developments
10.4 Royal Adhesives & Sealants
10.4.1 Company Overview
10.4.2 Product/Business Segment Overview
10.4.3 Financial Updates
10.4.4 Key Developments
10.5 General Sealants
10.5.1 Company Overview
10.5.2 Product/Business Segment Overview
10.5.3 Financial Updates
10.5.4 Key Developments
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