Press release
Butyl Rubber Market to Grow at 7.4%, CAGR: Chemical Industry Driving Growth by 2028
The global Butyl Rubber Market is forecast to reach USD 6.42 Billion by 2027, according to a new report by Reports and Data. Butyl rubber is a type of synthetic rubber used mostly in tires and tubes, as it consists of unique properties such as excellent resistance to heat, chemicals & ozone, permeability to gas, and high low-temperature flexibility. It is also used in adhesives, sealants, protective clothes, closures, pharmaceutical stoppers, electrical cables, vials & tubes, hoses, and shoe soles.
With the growth in the manufacture of vehicles, the demand for tires is also expected to rise in the original equipment manufacturing market. This will have a significant impact on the market as butyl rubber is an indispensable raw material used for the manufacture of tires and tubes. Market players are also focusing on the replacement of old tires in keeping with new emission standards. The excellent gas barrier & good flex characteristics of butyl rubber has boosted its use across various industries. The butyl rubber sorbent has helped in removing PAH toxicity to a larger extent. The escalating use of the product for repairing roofs will propel the growth of the industry over the forthcoming years.
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Report Objective:
The report aims to provide a complete analysis of the global Butyl Rubber market with important details about the key market players such as their financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, mergers and acquisitions, and overall company profiles. It also studies M&A activities, joint ventures, partnerships and collaborations, licensing agreements and product launches and brand promotions. It also offers SWOT analysis and Porter’s Five Forces analysis for each player.
Key players in the global Fluorine Butyl Rubber Market:
Lanxess, JSR,
Sinopec Beijing Yanshan,
Sibur,
Panjin Heyun Group,
Zhejiang Cenway Synthetic New Material,
Formosa Synthetic Rubber,
ExxonMobil,
PJSC NizhneKamskneftekhim,
and Reliance Industries Limited,
among others.
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Butyl Rubber Market segmentation by Types:
Regular butyl
Bromo butyl
Chloro butyl
Butyl Rubber Market segmentation by Application:
Tires & lubes
Adhesives, sealants, stoppers
Industrial & medical gloves
Others
Regional Outlook of Butyl Rubber Market:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Rest of MEA
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Key questions addressed in the report:
What is the market size calculated to be by the end of the forecast period?
What is the CAGR of the Butyl Rubber market?
What are the latest developments in the Butyl Rubber sector?
What is the outcome of the COVID-19 impact analysis of the Butyl Rubber global landscape?
Who are the leading players contributing significantly to the overall market?
What are the growth opportunities observed in the sector?
Which regions contribute the most to the overall market?
What are the prevalent strategic initiatives adopted by leading companies?
Which factors are expected to restrain market growth in the following years?
Which key trends are speculated to affect the future growth of the industry?
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