Press release
Isobutylene Isoprene Rubber Market Future Outlook to 2021 - Liaoning PanjinZhenAo Co Ltd., Lanzhou JinPu Petrochemical, Liaoning Tongyi Industrial Group, Zhejiang Cenway New Synthetic Materials. Co.Ltd, Reliance Sibur Elastomer Private Ltd and Sinopec Yun
Butyl rubber is also known as isobutylene-isoprene rubber, which is a synthetic rubber formed by the copolymerization of isobutylene with fewer volumes of isoprene. Butyl rubber is prized mainly for its impracticality to gases, its chemical flexibility and its impermeability to gases. Butyl rubber is a rubber or a synthetic polymer and has unique physical and chemical properties. Butyl rubber is known as contracting IIR, which means isobutylene isoprene. Butyl rubber is a copolymer of isobutylene and isoprene.
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The Isobutylene Isoprene Rubber market is valued at USD XX million in 2017 and is projected to reach USD XX million by the end of 2021, growing at a CAGR of XX% during the period 2017 to 2021.
Drivers and Restraints of Isobutylene Isoprene Rubber market:
The growing demand for tires and tubes and other products in the automotive industry will increase the Isobutylene Isoprene Rubber market. In addition, it is also expected that the growing demand for materials such as sealants, and medical closures in the pharmaceutical industry will also boost the butyl rubber market. Butyl rubber is expected to experience significant growth during the forecast period due to its superior properties, which represent exceptional confrontation with chemicals, ozone and climatic conditions. However, butyl rubber was originally industrialized for pneumatic applications and is gradually being used in other sectors, such as health, consumer products and adhesives.
Geographic Segmentation of Isobutylene Isoprene Rubber market:
Based on geography, in the Asia-Pacific market, China is expected to experience significant growth in the coming years. The global production of synthetic rubber has a compound annual growth rate in the global market. Market growth is strongest in the Asia-Pacific region, given the growing demand from the automotive industry and construction. North America and Europe will show moderate growth since butyl rubber is used significantly for several applications.
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Key Players in Global Isobutylene Isoprene Rubber Market:
There are some major companies the Global Isobutylene Isoprene Rubber market which are performing actively that include Liaoning PanjinZhenAo Co Ltd., Lanzhou JinPu Petrochemical, Liaoning Tongyi Industrial Group, Zhejiang Cenway New Synthetic Materials. Co.Ltd, Reliance Sibur Elastomer Private Ltd, and Sinopec Yunshan Beijing Petrochemical Company.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided.
The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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