Press release
Global Rubber Butyl Market is expected to reach approx. USD 4.83 Billion by 2023 | Industry and Analysis by application Industrial & Medical Gloves, Tires and Lubes, Adhesive, Sealants, Stoppers.
Butyl Rubber Market by Product and Application - Global Industry Analysis and Forecast to 2023
Market Overview:
Industry Outlook and Trend Analysis
The global Butyl Rubber Market was worth USD 2.67 billion in 2014 and is expected to reach approximately USD 4.83 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.82% during the forecast period. Better product properties when compared with natural rubber, on the basis of tear heat resistance, aging, and warm protection are expected to give a positive degree to market development over the gauge period. The developing interest for automobile tires for new vehicles and the substitution of old tires is driving the business development. Expanding interest for OEM tires because of the rising vehicle industry is foreseen to enlarge the market development over the coming years.
Product outlook and Trend Analysis
The expanding usage of general and chloro butyl in the production of tires is expected to give a positive extension to the market development over the estimate time frame. The usage of these products offer advantages, for example, predictable swelling weight, solidness, and warmth stability. On the basis of income, bromo butyl was the second-biggest product section, representing a share of the overall industry of 32.3 percent in 2016. Higher curing rate combined with vulcanization proficiency of the product is foreseen to drive the demand of the product. Bromo and chloro butyl offer relatively comparable properties. In any case, bromo butyl gives higher solidness and prompts lower producing costs in contrast with chloro butyl, which thusly is foreseen to influence the market development
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The Butyl Rubber Market is segmented a follows-
By Product:
• Bromo Butyl
• Regular Butyl
• Chloro Butyl
By Application:
• Industrial & Medical Gloves
• Tires & Lubes
• Adhesive, Sealants, Stoppers
• Others
Competitive Insights
The leading players in the market are
• ExxonMobil Chemical Company
• Japan Butyl Company
• Reliance Retail Limited
• Kiran Rubber Industries
• Timco Rubber Products
• Nizhnekamskneftekhim
• Lanxess.
Browse detailed analysis of key Players @ https://www.crystalmarketresearch.com/report/butyl-rubber-market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Natural Rubber Creating Cross Over Opportunity for Butyl Rubber
3.2.1.2. Growing Demand From Tires Industry
3.2.2. Restraints
3.2.2.1. Environmental Hazards
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
4. Butyl Rubber Market, By Product
5. Butyl Rubber Market, By Application
6. Butyl Rubber Market, By Region
7. Company Profiles
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Some of the key questions answered by the report are:
• What was the market size in 2014 and forecast from 2015 to 2023?
• What will be the industry market growth from 2015 to 2023?
• What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
• What are the major segments leading the market growth and why?
• Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
About Us
Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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Website: https://www.crystalmarketresearch.com
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