Halo Butyl Rubber Price Trend

Halo Butyl Rubber Prices December 2023

In Q4 2023, the price of halo butyl rubber BIIR DEL in Texas, USA, was 2650 USD/MT. US suppliers faced challenges managing excess inventory amid declining prices, driven by lower procurement during Christmas holidays and reduced demand from downstream industries, including tire and automotive parts manufacturers.

In Q4 2023, Japan's halo butyl rubber CIIR FOB Tokyo price was 2780 USD/MT, showing a declining trend with a -0.78% correlation. Year-over-year, prices fell by 5%, and there was a 1% drop between the first and second halves of the quarter. No plant shutdowns were reported during this period.

In Q4 2023, the price of halo butyl rubber CIIR FOB Antwerp in Belgium was 2572 USD/MT, showing stability despite a 4% decrease from the same quarter last year and a 12% drop from the previous quarter of 2023. Stable supply, moderate demand, and fluctuations in feedstock prices primarily influenced the European market.

Halo Butyl Rubber Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Halo Butyl Rubber Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of halo 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 halo butyl rubber at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of halo butyl rubber price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing halo 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.

Halo Butyl Rubber Market Analysis

The global halo butyl rubber market size reached 998.4 In Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 1560.8 In Thousand Tonnes, at a projected CAGR of 5.10 % during 2023-2032.

• The automotive industry, in particular, relies heavily on HBR for manufacturing tire inner liners that significantly improve tire performance and durability.
• The healthcare sector contributes to the market expansion due to the increasing use of HBR in medical packaging and equipment, where sterility and chemical resistance are essential.
• The growing number of manufacturers are gradually moving towards greener alternatives and processes that reduce environmental impact, aligning with global sustainability goals.
• The increasing focus on enhancing energy efficiency in buildings and infrastructure is driving the demand for halo butyl rubber -based insulation materials.
• The ongoing advancements in manufacturing technologies and process optimization are expected to further drive market growth by improving product quality, reducing production costs, and expanding application opportunities.
• The expanding usage of halo butyl rubber in the construction sector for manufacturing waterproofing membranes, sealants, and adhesives is another factor impelling the market.
• The increasing investments in infrastructure development projects, particularly in emerging economies, are creating opportunities for the construction industry, driving the demand for halo butyl rubber-based materials for infrastructure projects such as roads, bridges, and tunnels.
• The food and beverage industry is rapidly expanding, which is driving the demand for halo butyl rubber in food processing and packaging applications.
• Ongoing advancements in material science and engineering fuel innovation in halo butyl rubber formulations, leading to the development of advanced materials with enhanced properties and performance characteristics.
• Rapid industrialization, infrastructure development, and urbanization in emerging markets drive the demand for Halo Butyl Rubber in various applications, offering growth prospects for market players.
• With the increase in concerns regarding water scarcity and environmental pollution, there is a growing focus on water and wastewater management solutions. Halo butyl rubber is well-suited for manufacturing membranes, seals, and linings used in water treatment facilities, desalination plants, and wastewater infrastructure.
• The trend towards miniaturization and portability in consumer electronics further amplifies the demand for halo butyl rubber-based materials for compact and lightweight device designs.

Halo Butyl Rubber News

The report covers the latest developments, updates, and trends impacting the global halo 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 halo butyl rubber production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the halo butyl rubber price trend.

Latest developments in the halo butyl rubber industry:

• On March 29, 2024, ExxonMobil announced that the company has donated more than $230,000 to the Beaumont Independent School District, STEM programs have been implemented for nearly 5,000 students since 2018. They have further donated over $130,000 to the Southeast Texas Family Resource Center which provides afterschool STEM activities for about 100 students from fence-line communities every year since 2018.
• On August 23, 2023, Sinopec was officially certified for a 30.55-billion-cubic-meter proven geological reserve of natural gas at its Bazhong gas field in northeast Sichuan, China. This marks a major advancement in Sinopec's Project Deep Earth-Sichuan and Chongqing, highlighting the potential of the region's tight sandstone.
• On January 10, 2024, JSR Active Innovation Fund LLC (JSR-AIF), a subsidiary of JSR Corporation, has invested in Aillis, Inc. during its Series D financing round to support the advancement of AI medical devices. Aillis's notable development includes the "nodoca®" influenza examination device, which has been supported by Japanese insurance since December 1, 2022, for its less invasive diagnostic approach. This investment aligns with JSR's goal of using innovative technology to address societal challenges and continues JSR’s strategy of enhancing value through partnerships with technology-driven startups.

Product Description

The halo butyl rubber (HBR) family includes chlorobutyl (CIIR) and bromobutyl (BIIR) synthetic rubbers which are acquired through halogenation from butyl rubber. Tetravalent chlorine or bromine atoms are used to produce this modification. This has a significant impact on impermeability and resistance to gases and chemicals, which means this rubber type is very beneficial where elastic seals and high chemical stability are in demand.

Halo butyl rubber is the result of the controlled mixing of halogens with high-purity butyl rubber to obtain desirable characteristics. There are primarily two types of HBR: chlorobutyl and bromobutyl also show better resistance to heat, ozone, and flex fatigue compared to regular butyl is used instead. This material comes in handy in the automotive sector for making tire inner liners that by their air retention quality not only elongate tire life but also improve fuel economy.

Beyond that, HBR is used in manufacturing medical stoppers and seals for medication vials which offer healthcare sterility and low permeability as well. Its applications are not limited to housing alone but also extend to construction where it is used for roofing membranes, tank linings, and window seals benefiting from its weather-resistant and durable qualities. Halo butyl rubber demonstrates advanced chemical stability, durability, and the ability to perform under extreme conditions in various fields, and shows its usefulness for many industries and businesses, which proves its multifunctionality.

Regional Coverage

The report provides a detailed analysis of the halo 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 halo butyl rubber price trend.

Global Halo Butyl Rubber Price

The report offers a holistic view of the global halo butyl rubber pricing trends in the form of halo 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 halo 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 halo 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 Halo Butyl Rubber Price

In terms of supply and demand, the European Halo Butyl Rubber market had remained at a stable level, with moderate consumption by the tire manufacturer and the automotive parts suppliers in Q1, 2023. Nevertheless, the suppliers still maintained the high quality of delivery, while the weak market butyl rubber prices were discounted since the inventory levels were more than enough. Demand began to pick up in the middle of November 2023, fueled by developments in downstream manufacturing, which improved the sentiments of market participants.

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

North America Halo Butyl Rubber Price

In Q1, 2023 North America halo butyl rubber prices displayed some volatility. In the beginning, the stock market was bearish because there was a big surplus production caused by a decrease in motor vehicle production due to a strike by the United Automobile Workers Union. As a result, this strike led to a short-term decrease in demand. Following the strike that was concluded in October 2023, there was a rebound in the production of automobiles and increased demand for halo butyl rubber. Throughout November, market conditions experienced an upward trend, which was triggered by the New Year preparations and festive season, which then propelled product sales.

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

Middle East and Africa Halo Butyl Rubber Price

The report explores the halo butyl rubber pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

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

Asia Pacific Halo Butyl Rubber Price

In Q4 2023 the price of APAC halo butyl rubber stabilized at an average level with moderate utilization from tire and automotive sectors as the supply chain runs smoothly. Nevertheless, production costs were affected by the high energy expenses of production. As for Japan, the tire market witnessed gradually robust yet low demand, hence resulting in a slight price decline by 3% due to the decreasing demand in the automotive sector in December 2023.

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

Latin America Halo Butyl Rubber Price

The analysis of halo 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.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of halo 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 halo 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 halo butyl rubber price charts ensure our clients remain at the forefront of the industry.