Butyl Rubber Market is Expected to Reach USD 6,034.33 Million by 2022

Global Butyl Rubber Market Research Report - Forecast to 2022

Market Highlights:
Butyl rubbers are produces by copolymerizing slight volumes of isoprene with isobutylene. The feature of butyl rubbers can be enhanced by adding halogens and by making chlorobutyl and bromobutyl rubbers.

Advantages of butyl rubbers are stabile in long-term-use and at high temperatures, heat stability, low water absorption, good weather resistance, good ozone resistance, low gas permeability, due to this properties butyl rubber used in various end user industries such as automotive industry, pharmaceutical industry, consumer products, rubber industries, construction industries, and others.

Demand of butyl rubber as a necessary element in explosives is increasing expressively. However, fluctuating raw material prices and obtainability of alternatives may hamper the growth of the butyl rubbers market.

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Key Players of 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)

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.

Other countries that radically increased their need of butyl rubber from the Singapore and Vietnam in Asia. US included Colombia, El Salvador, Brazil, and Venezuela in the Americas.

In North America, major key player such as ExxonMobil Chemical completed a major expansion to increase bromobutyl rubber manufacturing capacity at its plant in Baytown, US, Texas andLANXESS is expanding halobutyl rubber production at Ontairio, Sarnia, Canada which is influenced the global butyl rubber market.

Brief TOC:
1 Executive Summary
2 Scope of The Report
2.1 Market Definition
2.2 Scope of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining power of buyers
4.1.3 Threat of substitutes
4.1.4 Segment rivalry
4.2 Value Chain/Supply Chain of Global Butyl Market Market
5 Industry Overview of Global Butyl Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact analysis
5.4 Market Challenges
5.5 Impact analysis

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.

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Intended Audience:
• Butyl Rubber manufacturers
• Traders and distributors of Butyl Rubber
• Production Process industries
• Potential investors
• Raw material suppliers
• Nationalized laboratory

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Release ID: 194216