Butyl Rubber Prices

Butyl Rubber Prices September 2024

The butyl rubber prices in the United States for Q3 2024 reached 2120 USD/MT in September. The region experienced a notable price increase due to strong demand, particularly from the automotive sector. Despite lower feedstock costs and challenges like hurricanes and cyberattacks, market dynamics remained positive, driven by tightening supply and consistent demand across industries.

The price trend for butyl rubber in Singapore for Q3 2024 settled at 2060 USD/MT in September. The market displayed price changes influenced by stable demand and balanced supply. While severe weather briefly affected supply chains, the market's resilience kept pricing steady. Seasonal patterns and demand consistency played key roles in maintaining a positive and stable market environment.

Butyl Rubber Prices June 2024

The butyl rubber prices in the United States for Q2 2024 reached 2070 USD/MT in June. The U.S. butyl rubber sector faced fluctuating prices in Q2 2024, initially impacted by Canadian railway issues and then by off-season low demand. Inflation further put pressure on purchasing capacity and increased production led to oversupply, driving down prices. Economic uncertainty mirrored broader price trends, emphasizing a cautious outlook among U.S. market players.

The price trend for butyl rubber in China for Q2 2024 settled at 2530 USD/MT in June. In Q2 2024, China’s butyl rubber market saw robust growth, with automotive demand boosted by certain policies in May. Seasonal peaks further spiked prices, while stable production and rising oil costs fueled a bullish outlook. Increased demand from the automotive sector underpinned a strong upward trend.

In Saudi Arabia, the butyl rubber prices for Q2 2024 reached 2470 USD/MT in June. Saudi Arabia’s Butyl Rubber market in Q2 2024 encountered a notable price decline driven by oversupply and seasonal demand slowdowns. Economic challenges reduced consumer spending, further pressuring prices. The summer season’s usual low industrial activity and rise in local supply created a difficult landscape for regional producers.

Butyl Rubber Prices December 2023

During Q4 2023 in the United States, butyl rubber prices and demand were impacted by the issues faced by the automotive sector as a result of the United Auto Workers (UAW) strike, which disrupted supply chains. Besides this, the European construction industry's slowdown reduced import orders, further affecting demand. Rising global crude oil prices increased production costs, causing the price to increase to 2045 USD/MT.

Similarly in Singapore, low supply contrasted with high demand, leading to a bullish market situation and a slight price increase. However, weak domestic demand persisted due to sluggish construction industry performance, leading to the final price of 2115 USD/MT for butyl rubber (MV 32-51).

Furthermore, in Russia, the butyl rubber’s (MV 32-51) price spiked to 1795 USD/MT during Q4 2023, due to increased European automotive market inquiries, resulting in sustained demand. Concurrently, conflicts between Ukraine and Russia also disrupted the supply chain, contributing to the price hike.

Regional Coverage

The report provides a detailed analysis of the butyl rubber market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the butyl rubber price trend.

Global Butyl Rubber Price

The report offers a holistic view of the global butyl rubber pricing trends in the form of butyl rubber price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of butyl rubber but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed butyl rubber demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Butyl Rubber Price

Q3 2024:

During Q3 2024, the market in Europe saw fluctuating butyl rubber prices shaped by shifting production costs, global demand, and variations in feedstock price. An initial price rise occurred in July, driven by elevated production expenses and export interest from markets like China and India. By August, a bearish phase set in due to reduced costs of production and weaker global demand, leading to oversupply. Despite these pressures, Europe’s domestic automotive industry helped offset some challenges. September saw stable local demand, but global trade sluggishness caused price reductions as supply chain issues and inventory buildup persisted, adding to market volatility.

Q2 2024:

In Q2 2024, Europe’s butyl rubber sector showed a complex trend influenced by a variety of market dynamics. Early in the quarter, bearish conditions arose due to supply chain disruptions, with automotive demand remaining stable but construction and manufacturing sectors facing weaknesses. Inventory levels managed to meet demand but limited upward momentum. However, the latter part of the quarter saw a slight positive shift, spurred by overseas demand and higher production costs. Russian exports saw growth, encouraged by China’s automotive sector policies, though overall sentiment remained cautious, marked by reduced industrial activities.

Q4 2023:

In Q4 2023, butyl rubber prices climbed, particularly in Russia due to a recovery in European demand for used cars and improved automotive industry. Western Europe saw a slight increase in vehicle sales, indicating sustained demand for butyl rubber. However, tension between Ukraine and Russia in December 2023 disrupted supply and demand, leading to increased prices. The downstream automotive sector also increased demand, causing buyers to increase their purchasing activities.

This analysis can be extended to include detailed butyl rubber price information for a comprehensive list of countries.

North America Butyl Rubber Price

Q3 2024:

Throughout the third quarter of 2024, the butyl rubber market in North America saw a significant price increase driven by strong demand from sectors like automotive, despite lower production costs stemming from reduced feedstock prices, particularly isobutylene. The robust demand created a tightening supply, sustaining the market's bullish outlook. Additionally, the USA witnessed the most notable price movements, marked by resilience even amidst challenges like hurricanes and cyberattacks. The interplay between rising demand and price hikes characterized the overall positive trend throughout the quarter, with the final pricing reflecting a strong finish.

Q2 2024:

The butyl rubber industry in North America during Q2 of 2024 saw a mixed performance, shaped by both stable and declining trends. Initially, stability was maintained due to strong downstream demand, particularly in the automotive industry. However, logistical issues added pressure, particularly in the U.S., while construction industry weaknesses hindered further growth. In the latter half, the market experienced a sharp drop driven by reduced consumption from both construction and automotive sectors, alongside inflationary pressures that affected consumer confidence.

Q4 2023:

In Q4 2023, butyl rubber in the North American region faced challenges due to a strike by the UAW union, a slowdown in the European construction industry, and rising global crude oil prices. The US automotive sector experienced a decline in sales, while the European construction industry experienced a slowdown, affecting import orders. Despite these challenges, the market experienced a slight price increase in the USA.

Specific butyl rubber historical data within the United States and Canada can also be provided.

Middle East and Africa Butyl Rubber Price

Q2 2024:

In the Middle East and Africa (MEA), the butyl rubber industry faced a downward trend in Q2 2024, primarily due to supply-demand imbalances. Oversupply, compounded by disrupted manufacturing at key places, resulted in inventory buildups, leading to price pressures. Economic problems further reduced demand among consumers. Saudi Arabia, experiencing the steepest declines, saw price drops influenced by seasonal industrial slowdowns and increased regional supply. Comparing both halves of Q2, prices showed a continued downward trajectory, impacted by operational challenges and low demand.

Q4 2023:

In Q4 2023, the pricing of butyl rubber in the Middle East and Africa (MEA) region was influenced by the global automotive industry's recovery, fluctuating crude oil prices, and steady availability. Saudi Arabia experienced the most significant price increase due to increased production costs and reduced supply.

In addition to region-wise data, information on butyl rubber prices for countries can also be provided.

Asia Pacific Butyl Rubber Price

Q3 2024:

In the third quarter of 2024, the APAC butyl rubber market maintained stable pricing, influenced by steady demand and balanced supply conditions. While unexpected events, including severe weather, temporarily disrupted supply chains, the overall market demonstrated resilience, supported by steady downstream demand. Furthermore, Singapore noted the most notable price change in the region, though the general trend remained balanced. Moreover, seasonal influences and demand-supply alignment contributed to price stability, preserving the market's positive sentiment. The conclusion of the quarter highlighted a stable environment, underscoring the sector's capacity to withstand brief fluctuations.

Q2 2024:

In the Asia-Pacific region, Q2 2024 saw a significant uptick in butyl rubber prices, fueled by strong product consumption in the tire and automotive sectors and supply chain challenges like port congestion. China, in particular, experienced substantial price increases, aided by policies imposed in May, elevating vehicle sales. Despite stable production, challenges like rising crude oil costs and logistical bottlenecks supported a bullish market, with price momentum sustained through the quarter, reflecting robust demand and supply constraints across the region.

Q4 2023:

In Q4 2023, the APAC region's butyl rubber market experienced a bullish market with a slight increase in prices due to strong consumer sentiment and growth in the automotive sector. However, in Singapore, the demand for butyl rubber remained weak due to the construction industry's lackluster performance.

This butyl rubber price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Butyl Rubber Price

The analysis of butyl rubber prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Butyl Rubber Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Butyl Rubber Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of butyl rubber pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of butyl rubber at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of butyl rubber price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing butyl rubber price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Butyl Rubber Market Analysis

The global butyl rubber market size reached US$ 4.1 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 6.3 Billion, at a projected CAGR of 4.90% during 2023-2032.

• The burgeoning automotive industry is a primary driver as butyl rubber is extensively used in tire manufacturing due to its excellent air retention properties, enhancing tire performance and fuel efficiency.
• Along with this, the flourishing expansion of the construction sector is propelling the market growth as butyl rubber finds application in roofing membranes, sealants, and adhesives, thanks to its superior weather resistance and durability.
• The increasing demand for pharmaceutical packaging materials is boosting the market growth, with butyl rubber being preferred for its gas impermeability, ensuring the integrity and longevity of pharmaceutical products.
• Moreover, the rise in healthcare expenditure worldwide is driving the demand for pharmaceutical stoppers and closures, further fueling the butyl rubber market.
• Concurrent with this, the burgeoning consumer goods industry, particularly in the Asia-Pacific region, is bolstering market growth as butyl rubber is utilized in the production of consumer products such as chewing gum for its chewy texture and flavor retention capabilities.
• The implementation of strict regulations regarding fuel efficiency and emissions standards pushing automotive manufacturers towards lightweight materials like butyl rubber is creating a positive outlook for market expansion.
• Furthermore, the increasing adoption of tubeless tires in both commercial and passenger vehicles spurring the demand for butyl rubber, given its crucial role in maintaining tire pressure is acting as another significant growth-inducing factor.
• Concurrent with this, the thriving oil and gas industry is providing an impetus to the market expansion as butyl rubber is utilized in pipeline coatings and seals, ensuring the safety and integrity of the oil and gas infrastructure.
• Additionally, the growing trend towards sustainable and eco-friendly materials resulting in a surging demand for butyl rubber, which is recyclable and has a lower environmental impact compared to alternatives is presenting lucrative opportunities for market expansion.
• Apart from this, the rapid urbanization and infrastructure development in developing countries are further propelling the market forward, as the demand for construction materials and automotive components continues to rise in tandem with urban growth.

Butyl Rubber News

The report covers the latest developments, updates, and trends impacting the global butyl rubber market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in butyl rubber production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the butyl rubber price trend.

Latest developments in the butyl rubber industry:

• In December 2023, SIBUR, the sole local manufacturer of halobutyl rubbers (HBR) in Russia, announced the completion of its RUB 8 billion project, which upgraded its capacity by one-third from 150 to 200 kt. It entailed installing 6 new HBR production units and renovating 16 others, which will elevate productivity, automation, and environmental standards compliance of the company. 
• In September 2023, Pyrowave, a Canadian technology company partnered with Michelin and Knauf Industries to produce elastomer and plastic products using 100% recycled styrene from plastic waste. The resulting elastomers displayed similar quality and properties to those made from fossil-sourced materials. Pyrowave's technology helped mitigate the environmental footprint of styrene production by 82% in comparison to fossil sources.
• In April 2023, China's Hainan Baling Chemical New Material Co., Ltd., a Sinopec subsidiary, began production of its styrene-butadiene copolymer (SBC) project in Hainan, China, with an annual production capacity of 170,000 tons. This 1.924-billion-yuan investment will maximize turnover, reduce expenses, and fortify Sinopec's competitiveness in the market.

Product Description

Butyl rubber commonly known as polyisobutylene, refers to a type of synthetic rubber compound noted for its distinct set of features. It is mostly made up of isobutylene and a little amount of isoprene. Its molecular structure is composed of lengthy chains of repeating units, which give it its distinctive features. Butyl rubber displays great resistance to gas and moisture infiltration, making it perfect for applications that require airtight seals or barriers.

This rubber is also exceptionally durable and weather resistant, maintaining its integrity even in difficult and harsh environmental conditions. It is highly resistant to heat, ozone, chemicals, and oxidation, making it ideal for a variety of industrial applications. Butyl rubber is widely utilized in the production of inner tube tires, seals and gaskets, roofing membranes, adhesives, and pharmaceutical stoppers. Aside from that, it is used in the manufacture of chewing gum due to its chewiness and capacity to maintain flavor.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of butyl rubber pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting butyl rubber price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The butyl rubber price charts ensure our clients remain at the forefront of the industry.