Weather , , 0°C

Butyl Rubber Market Analysis, Industry Size, Share, Trends, Application Analysis and Growth Opportunities Forecast to 2028 | Lanxess, JSR, Sinopec Beijing Yanshan, Sibur, etc

 Breaking News
  • No posts were found

Butyl Rubber Market Analysis, Industry Size, Share, Trends, Application Analysis and Growth Opportunities Forecast to 2028 | Lanxess, JSR, Sinopec Beijing Yanshan, Sibur, etc

April 06
04:48 2021
Butyl Rubber Market Analysis, Industry Size, Share, Trends, Application Analysis and Growth Opportunities Forecast to 2028 | Lanxess, JSR, Sinopec Beijing Yanshan, Sibur, etc

Butyl Rubber Market
Butyl Rubber Market Size – USD 3.62 Billion in 2019, Market Growth – CAGR of 7.4%, Market Trends – High demand from sealants.

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

  • There are new regulations that require manufacturers to reduce the consumption of fuel of both tractors and trailers. Market players are improving fuel efficiency by focusing on developing innovative materials and high-grade butyl rubber, such as halo-butyl rubber. The application of halo-butyl in the tire tread application improves its dynamic properties such as improved wet and dry traction and improved performance in rolling resistance.
  • The market product is used in the explosives industry for the manufacture of plastic explosives. The increasing demand for the compound as a binding agent in explosives coupled with the rise in demand from the mining industry for explosives is driving its demand in the coming period.
  • The increasing demand for butyl rubber for roof repairing and damp proofing is expected to propel the growth of the market. Moreover, the usage of food-grade butyl rubber in food applications is expected to propel the demand in the sector.
  • North America is forecasted to hold a market share of 20.3% in the year 2018. The region is switching to environmentally friendly products, and the growth in industrialization and automotive are fueling the demand for the market product.
  • Key participants include 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. 
                                            

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/169

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)

  • Regular butyl
  • Bromo butyl
  • Chloro butyl

Applications Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

  • Tires & lubes
  • Adhesives, sealants, stoppers
  • Industrial & medical gloves
  • Others

End Users Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

  • Automotive
  • Healthcare
  • Consumer Goods
  • Construction
  • Rubber Industry
  • Others

Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

  • North America
    • S
  • Europe
    • K
    • France
  • Asia Pacific
    • China
    • India
    • Japan
  • MEA
  • Latin America
    • Brazil

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…..

Request customization of the report @ https://www.reportsanddata.com/request-customization-form/169

Thank you for reading our report. For further information or query regarding the report or its customization, please connect with us. Our team will ensure you get a report well-suited to your needs.

Media Contact
Company Name: Reports and Data
Contact Person: John Watson
Email: Send Email
Phone: +1-212-710-1370
Address:40 Wall St. 28th floor
City: New York City
State: NY 10005
Country: United States
Website: https://www.reportsanddata.com/press-release/global-butyl-rubber-market

Related Articles

Calendar

April 2021
M T W T F S S
 1234
567891011
12131415161718
19202122232425
2627282930  

Categories