Product Code: ETC083688 | Publication Date: Jun 2021 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines butyl rubbers market was valued at around USD 2 billion in 2025 and is expected to grow further at an estimated CAGR of 6%-8% due to increased demand from automotive parts manufacturers for improved product performance and durability. The major application areas for butyl rubbers are interior trims, tires, seals & gaskets and other components used mainly in automobiles as well as construction materials which are experiencing significant growth rates due to numerous infrastructure projects underway nationwide.
In the Philippines Butyl Rubbers Market, the automotive industry serves as a significant driver. Butyl rubber is extensively used in the production of tires, inner tubes, and automotive seals due to its excellent air retention properties and resistance to heat, chemicals, and weathering. As the automotive sector in the Philippines continues to expand, driven by increasing vehicle sales and demand for aftermarket automotive products, the demand for butyl rubber is expected to witness steady growth.
In the Philippines Butyl Rubbers Market, the key challenge is the competition from alternative rubber materials. Butyl rubber faces competition from synthetic rubber variants like styrene-butadiene rubber (SBR) and ethylene-propylene-diene monomer (EPDM), which offer different properties and cost advantages. Manufacturers of butyl rubbers need to focus on product differentiation and offer unique characteristics to maintain their market share.
The Philippines Butyl Rubbers Market faced challenges during the COVID-19 crisis. The automotive industry, a major consumer of butyl rubbers for tire manufacturing, suffered a decline in sales due to economic uncertainty and reduced consumer spending. This, in turn, affected the demand for butyl rubbers, leading to lower production and sales in the market.
In the Philippines Butyl Rubbers Market, major players consist of companies like Lanxess AG, Sibur Holding PJSC, and Japan Butyl Co., Ltd. These companies are prominent manufacturers of butyl rubbers, which find applications in tire manufacturing, construction, and pharmaceutical stoppers.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Butyl rubbers Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Butyl rubbers Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Butyl rubbers Market - Industry Life Cycle |
3.4 Philippines Butyl rubbers Market - Porter's Five Forces |
3.5 Philippines Butyl rubbers Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Philippines Butyl rubbers Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Philippines Butyl rubbers Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Philippines Butyl rubbers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Butyl rubbers Market Trends |
6 Philippines Butyl rubbers Market, By Types |
6.1 Philippines Butyl rubbers Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Butyl rubbers Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Philippines Butyl rubbers Market Revenues & Volume, By Biobutanol, 2021-2031F |
6.1.4 Philippines Butyl rubbers Market Revenues & Volume, By Chemical butanol, 2021-2031F |
6.2 Philippines Butyl rubbers Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Philippines Butyl rubbers Market Revenues & Volume, By Intermediate, 2021-2031F |
6.2.3 Philippines Butyl rubbers Market Revenues & Volume, By Humectant, 2021-2031F |
6.2.4 Philippines Butyl rubbers Market Revenues & Volume, By Feedstock, 2021-2031F |
6.2.5 Philippines Butyl rubbers Market Revenues & Volume, By Others, 2021-2031F |
6.3 Philippines Butyl rubbers Market, By End-user Industry |
6.3.1 Overview and Analysis |
6.3.2 Philippines Butyl rubbers Market Revenues & Volume, By Paints & coating, 2021-2031F |
6.3.3 Philippines Butyl rubbers Market Revenues & Volume, By Textiles, 2021-2031F |
6.3.4 Philippines Butyl rubbers Market Revenues & Volume, By Polymer, 2021-2031F |
6.3.5 Philippines Butyl rubbers Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.3.6 Philippines Butyl rubbers Market Revenues & Volume, By Cosmetics, 2021-2031F |
6.3.7 Philippines Butyl rubbers Market Revenues & Volume, By Agricultural, 2021-2031F |
6.3.8 Philippines Butyl rubbers Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Philippines Butyl rubbers Market Revenues & Volume, By Others, 2021-2031F |
7 Philippines Butyl rubbers Market Import-Export Trade Statistics |
7.1 Philippines Butyl rubbers Market Export to Major Countries |
7.2 Philippines Butyl rubbers Market Imports from Major Countries |
8 Philippines Butyl rubbers Market Key Performance Indicators |
9 Philippines Butyl rubbers Market - Opportunity Assessment |
9.1 Philippines Butyl rubbers Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Philippines Butyl rubbers Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Philippines Butyl rubbers Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Philippines Butyl rubbers Market - Competitive Landscape |
10.1 Philippines Butyl rubbers Market Revenue Share, By Companies, 2024 |
10.2 Philippines Butyl rubbers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |