Press release
Butyl Rubber Market size is expected to grow at USD ~6,034.335 million by 2022
Market HighlightsCommenting on this report, an analyst from Market Research Future (MRFR)’s team said, “Global Butyl Rubber Market size is expected to grow at USD ~6,034.335 million by 2022. The market witnessed a significant growth over the forecasted period owing to growing applications such as into adhesives, sealant for rubber roof repair, tubeless tire liners, medicine bottles, mechanical good, and others.
Butyl Rubber, Isoprene Isobutylene Copolymer also known as butyl rubber in which the Isoprene content presence to preserve reactivity in butyl rubber. Butyl rubber gives excellent resistant property to gases, heat ageing properties, ozone resistance, heat ageing properties, resistance to Polar oils, chemical resistance, acid and alkali resistance, animal and vegetable oils, and good low temperature properties.
Market Research Future (MRFR) recognizes the following companies as the key players in the global Butyl Rubber market: Exxon Mobil Corporation (US), Lanxess AG (Germany), Reliance Industries Limited (India), JSR Corporation (Japan), Yanhua Petrochemical Company (China), Cenway Polymer Co., Ltd (China), Panjin Heyun Industrial Group Co., Ltd. (China), PJSC Nizhnekamskneftekhim (Russia), and others.
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Regional analysis:
The Global Butyl Rubber Market is classified on the basis of mixed geographic segmentation which involves regions such as America, Europe, Asia-Pacific, Middle East and Africa. Out of all, Asia Pacific butyl rubber market is largest market owing to robust industry growth of application industry in China, Japan, Australia and India. Tires, tubes and other pneumatic products have traditionally been the largest end use for butyl rubber. Asia Pacific butyl rubber market size is likely to witness highest gains over the forecast period. Asia Pacific dominated the global reclaim rubber industry owing to huge domestic market, availability of cheap and skilled workforce and rapid industrial development. Favorable demand on end-use industries such as automobile, pharmaceutical and others in countries like China & Japan is expected to increase the market growth of butyl rubber. Some other important consumers of butyl rubber in the region include Malaysia, Vietnam, Hong Kong, Macau, Indonesia, Australia, and Republic of Korea.
North America is expected to drive the market on account of increasing demand for end-use applications including packaging and sealing. Rising demand for medical and pharmaceutical products from developed economies is expected to open new opportunities for the market. Europe has been a mature market for butyl rubber and anticipated to experience adequate growth due to consumer goods and automobile industry. Latin America is expected to witness an increasing demand on account of rapid development of tire and rubber sector.
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Segmentation
The global butyl rubber market is majorly segmented on the basis of types, application, end users and region. Based on types butyl rubber the market is segmented into regular butyl rubber, chlorinated butyl rubber, brominated butyl rubber. Based on application of butyl rubber the market is segmented into adhesives, sealant for rubber roof repair, tubeless tire liners, medicine bottles, mechanical goods, and others. Based on end user butyl rubber the market is segmented into automotive industry, pharmaceutical industry, consumer products, rubber industries, construction industries, and others and based on region market is segmented into North America, Europe, APAC, Latin America, Middle East & Africa.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Akash Anand,
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com
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