1. What is the projected Compound Annual Growth Rate (CAGR) of the Brominated Isobutylene-Isoprene Rubber (BIIR)?
The projected CAGR is approximately 4.1%.
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Brominated Isobutylene-Isoprene Rubber (BIIR)Brominated Isobutylene-Isoprene Rubber (BIIR) by Type (Bromine Content 1.9%, Bromine Content 2.0%, Bromine Content 2.1%, Others), by Application (Tires, Pharmaceutical Stoppers, Vibration-absorptive Materials, Others), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The global Brominated Isobutylene-Isoprene Rubber (BIIR) market size was valued at USD 3681 million in 2025 and is projected to grow at a CAGR of 4.1% over the forecast period (2025-2033). BIIR is a synthetic rubber that is produced by the bromination of isobutylene-isoprene copolymer. It is characterized by its high resistance to heat, chemicals, and flame, making it suitable for use in a wide range of applications, including tires, pharmaceutical stoppers, and vibration-absorptive materials.
The increasing demand for tires, particularly in emerging markets, is expected to drive the growth of the BIIR market. Tires account for a significant share of BIIR consumption, as it is used in the construction of inner liners to improve air retention and provide a barrier against gases and liquids. The growing automotive industry in regions such as Asia Pacific and Latin America is contributing to the increasing demand for tires, which in turn is driving the demand for BIIR. Additionally, the rising use of BIIR in pharmaceutical stoppers and vibration-absorptive materials is further supporting the market growth.
The brominated isobutylene-isoprene rubber (BIIR) market is expected to grow from USD 610 million in 2021 to USD 780 million by 2026, at a CAGR of 4.5% during the forecast period. The growth of the market is attributed to the increasing demand for BIIR in various applications, such as tires, pharmaceutical stoppers, and vibration-absorptive materials.
The growth of the automotive industry is one of the key factors driving the demand for BIIR. BIIR is used in tires due to its high resistance to wear and tear, as well as its ability to provide a smooth ride. The increasing popularity of electric vehicles (EVs) is also expected to boost the demand for BIIR, as EVs require tires that are more resistant to wear and tear than traditional tires.
Another factor driving the growth of the BIIR market is the increasing demand for pharmaceutical stoppers. BIIR is used in pharmaceutical stoppers due to its ability to provide a tight seal, as well as its resistance to chemicals and solvents. The growing demand for pharmaceuticals is expected to boost the demand for BIIR in this application.
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The growth of the BIIR market is being driven by a number of factors, including:
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The growth of the BIIR market is being restrained by a number of factors, including:
The Asia-Pacific region is the largest market for BIIR, accounting for over 50% of global demand. The growth of the automotive industry in this region is a key driver of demand for BIIR. The increasing popularity of EVs in China is also expected to boost the demand for BIIR in this country.
The North American region is the second largest market for BIIR, accounting for around 25% of global demand. The growth of the automotive industry in this region is also a key driver of demand for BIIR. The growing popularity of EVs in the United States is also expected to boost the demand for BIIR in this country.
The European region is the third largest market for BIIR, accounting for around 15% of global demand. The growth of the automotive industry in this region is also a key driver of demand for BIIR. The increasing popularity of EVs in Germany is also expected to boost the demand for BIIR in this country.
The growth of the BIIR market is being catalyzed by a number of factors, including:
The leading players in the BIIR market include:
The BIIR market is undergoing a number of significant developments, including:
The comprehensive coverage BIIR report provides detailed insight into the market, including:
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| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 4.1% from 2019-2033 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 4.1%.
Key companies in the market include ExxonMobil, Arlanxeo, PJSC NizhneKamskneftekhim, JSR, Zhejiang Cenway Synthetic New Material, Chambroad Petrochemical, Sinopec Beijing Yanshan, Sibur-RSEPL.
The market segments include Type, Application.
The market size is estimated to be USD 3681 million as of 2022.
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The market size is provided in terms of value, measured in million and volume, measured in K.
Yes, the market keyword associated with the report is "Brominated Isobutylene-Isoprene Rubber (BIIR)," which aids in identifying and referencing the specific market segment covered.
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