Butyl Rubber Market is poised to touch a value of just under US$ 4.2 Bn by 2025- end

Butyl Rubber Market 2022

According to the report titled "Butyl Rubber Market: Global Industry Analysis 2012-2016 and Forecast 2017-2025," the global butyl rubber market is expected to reach a market revenue of over US$ 4,200 Mn by the end of 2025, growing at a CAGR of 4.7% during the forecast period. 

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The Butyl Rubber Market is expected to grow on a digital transformational note in the next 10 years.
These days, the chemical industry has started adopting digital technologies and tools as they prove to be an economically viable solution to extract more efficiencies from the once-upon-a-time incumbent processes. This would further help in designing new processes and products as well. This would be the way chemical vertical would go in the next few years.

Many chemical substitutes have entered the chemicals' market, these help in eradicating hazards related to usage dangerous materials. This indirectly helps boost overall valuation of chemical and materials industry in various ways.

Butyl rubber is a synthetic rubber manufactured by the copolymerization of isobutylene with isoprene. Butyl rubber is mostly used in the tires and tubes industry. A new research report by Persistence market Research highlights the overall scenario as well as the forecast for the global butyl rubber market. The report further throws light on the key dynamics that are likely to impact the growth of the global butyl rubber market. The rise in demand for butyl rubber is due to its growing applications.

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Global Butyl Rubber Market: Competitive Landscape

This comprehensive research report consists of a brief profile of all the major players in the industry. Some of these major players mentioned in the report are

Lanxess AG
ExxonMobil Corporation
PJSC Nizhnekamskneftekhim
JSR Corporation
China Petroleum & Chemical Corp (Sinopec Corporation)
PAO SIBUR Holding
Reliance Industries Limited
Formosa Synthetic Rubber Corporation
Zhejiang Cenway New Synthetic Material Co. Ltd.
Panjin Heyun Industrial Group Co., Ltd.
Royal Adhesives & Sealants, LLC
Others.

The report depicts the current scenario of all these players along with their future strategies during the forecast period.

The butyl rubber market is witnessing a rapid increase in demand from the pharmaceutical industry. Another driver of the market is an increase in the rate of tire replacements taking place in the automobile industry. With the projected growth of the market, manufacturers are focusing on increasing production capacity of butyl rubber to cater to the ever increasing demand in various applications. Global market companies are also planning their overseas business development and sales in addition to the domestic market.

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Global Butyl Rubber Market: Segmental Analysis

Based on application, the global butyl rubber market is expected to witness maximum demand from the tires and tubes segment, which is projected to reach a market value of over US$ 3,700 Mn by the end of 2025.

On the basis of rubber type, halo-butyl rubber is expected to lead the market with a market share of over US$ 3,500 Mn by the end of 2025, growing at a robust CAGR of 5.0% during the forecast period.

Among the different types of halo butyl rubbers, bromo-butyl contributes the most in the growth of the halo butyl rubber market.

In terms of regions, APAC leads the global market with a high margin. The APAC butyl rubber market is expected to reach a valuation of over US$ 2,400 Mn by the end of 2025, with a growth rate of 5.3% during the forecast period.

Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?

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Key geographies evaluated in this report are:

North America - U.S, Canada
Europe - France, Germany, Italy, Spain, and the UK, Eastern Europe, CIS
APAC - China, India, Japan, Australia, Others
Latin America - Argentina, Brazil, Others

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This release was published on openPR.