In the first quarter of 2023, the price of halo butyl rubber showed mixed trends in Asia, with negative impacts from the struggling automotive market and Tesla’s entry in China. However, the second quarter proved more fruitful due to rising demand from downstream industries and positive market sentiments in pharmaceutical and automotive sectors. In Europe, the price fluctuated throughout both quarters, with the first quarter positively influenced by automotive growth but a decline in the second quarter due to weak construction sector dynamics. North America experienced volatility in both quarters, affected by slow recovery in automotive and construction, falling natural gas and crude oil prices, bank closures, and a nosedive in halo butyl rubber prices due to falling feedstock prices.
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Definition
Halo butyl rubber is a type of synthetic rubber with unique properties and applications. It is a copolymer of isobutylene and a small amount of halogenated isoprene, which imparts exceptional impermeability to gases, such as oxygen and moisture. This characteristic makes halo butyl rubber particularly well-suited for use in various sealing applications, such as tire inner liners, automotive hoses, gaskets, and pharmaceutical stoppers. Its excellent resistance to chemicals, heat, and weathering further enhances its appeal in industries where airtight and durable properties are crucial.
Key Details About the Halo 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 the Halo 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 halo butyl rubber price trends, including India Halo Butyl Rubber price, USA Halo 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 Halo Butyl Rubber Price Trend:
Halo butyl rubber, with its outstanding impermeability to gases and excellent chemical resistance, finds numerous industrial applications. One of its primary uses is in the automotive industry, where it is utilized for tire inner liners, inner tubes, and hoses, preventing air and moisture permeation. It is also extensively employed in pharmaceutical packaging as stoppers for vials and syringes, preserving the integrity of sensitive drugs. Other applications include gaskets for sealing systems in various industries, inflatable bladders, pond liners, and roofing membranes. Its weather-resistant properties make it suitable for construction materials, such as sealants and adhesives, ensuring longevity and durability in challenging environments.
Key Players:
- Arlanxeo
- JSR Corporation
- China Petrochemical Corporation
- Exxon Mobole Corporation
- Timco Rubber
- SABIC
- LANXESS
- Lyondell Basell Industries Holdings B.V.
- INEOS AG
- Formosa Plastics Corporation
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