Butyl Rubber Market Size, Share Analysis, Key Companies, and Forecast To 2028 | Reports And Data
A new report titled global Butyl Rubber Market research report published by Reports and Data offers accurate estimations of the growth rate and market size over the forecast period. The objective of this report is to help readers improve their industry’s performance by focusing on important business parameters including technological advancements, current market trends, limitations, and key players over the forecast period. Primary and secondary research techniques were used to effectively examine the desired data.
Market Dynamics
The global chemicals and materials have a wide range of application areas such as crop protection, animal nutrition, dietary supplements, preservatives, flame retardants, surface ingredients, active pharmaceutical ingredients, and matting agents among others. Population explosion along with rapid economic growth is expected to propel market growth. Moreover, the growing urbanization, rapid industrialization, and high investment in infrastructure development create market demand over the forecast period.
The top companies profiled in the report 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.
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Major factors driving revenue growth of the global materials & chemicals industry are rise in global population, tremendous increase in demand for essential consumer products such as food & beverages, cosmetics, and personal care & hygiene products, and extensive use of chemicals and raw materials in industries including buildings & construction, automotive, agriculture, textiles, packaging, electronics, and several other industries. Other major factors bolstering market revenue growth are the increasing focus of manufacturers on using eco-friendly and sustainable materials & chemicals for reduced environmental impact, the introduction of organic and highly sustainable chemicals, and increasing demand for high-performance agrochemicals and specialty chemicals.
Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
North America
Europe
Asia Pacific
MEA
Latin America
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Market Segmentation:
The global Butyl Rubber market is segmented in terms of product type, application, end-use, and region.
For the purpose of this report, Reports and Data have been 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; 2020-2028)
Regular butyl
Bromo butyl
Chloro butyl
Applications Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
Tires & lubes
Adhesives, sealants, stoppers
Industrial & medical gloves
Others
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End Users Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
Automotive
Healthcare
Consumer Goods
Construction
Rubber Industry
Others
Further key findings from the report suggest
There are new regulations that require manufacturers to reduce the consumption of fuel for 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.
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