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.
Europe occupies a significant market share of 19.8% in the year 2019 in the butyl rubber market. The compound is environment-friendly in nature, and the region is a large consumer of the product. The U.S., Germany, and China are the primary consumer base as well as production base.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented into the global Butyl Rubber market on the basis of product, applications, end users, and region:
Product Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
Applications Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
End Users Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)
Table of Contents:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technique
Chapter 2. Executive Summary 2.1. Summary Snapshot, 2020-2027
Chapter 3. Indicative Metrics
Chapter 4. Butyl Rubber Market Segmentation & Impact Analysis
Chapter 5. Butyl Rubber Market, By Product Insights & Trends
Chapter 6. Butyl Rubber Market, By Application Insights & Trends
Chapter 7. Butyl Rubber Market, By End Users Insights & Trends
Chapter 8. Butyl Rubber Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles 10.1. Lanxess 10.1.1. Company Overview 10.1.2. Financial Performance 10.1.3. Technology Insights 10.1.4. Strategic Initiatives 10.2. JSR 10.2.1. Company Overview 10.2.2. Financial Performance 10.2.3. Technology Insights 10.2.4. Strategic Initiatives 10.3. Sinopec Beijing Yanshan 10.3.1. Company Overview 10.3.2. Financial Performance 10.3.3. Technology Insights 10.3.4. Strategic Initiatives 10.4. Sibur 10.4.1. Company Overview 10.4.2. Financial Performance 10.4.3. Technology Insights 10.4.4. Strategic Initiatives 10.5. Panjin Heyun Group 10.5.1. Company Overview 10.5.2. Financial Performance 10.5.3. Technology Insights 10.5.4. Strategic Initiatives 10.6. Zhejiang Cenway Synthetic New Material 10.6.1. Company Overview 10.6.2. Financial Performance 10.6.3. Technology Insights 10.6.4. Strategic Initiatives 10.7. Formosa Synthetic Rubber 10.7.1. Company Overview 10.7.2. Financial Performance 10.7.3. Technology Insights 10.7.4. Strategic Initiatives 10.8. ExxonMobil 10.8.1. Company Overview 10.8.2. Financial Performance 10.8.3. Technology Insights 10.8.4. Strategic Initiatives 10.9. PJSC NizhneKamskneftekhim 10.9.1. Company Overview 10.9.2. Financial Performance 10.9.3. Technology Insights 10.9.4. Strategic Initiatives 10.10. Reliance Industries Limited 10.10.1. Company Overview 10.10.2. Financial Performance 10.10.3. Technology Insights 10.10.4. Strategic Initiatives
Continued…..
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