The global demand for Butyl Rubber Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2021 - 2027. Whereas with regards to volume, the market was calculated XX KT in 2020 and foreseen to touch XX KT by 2028 with a CAGR of XX% during 2021-2027.
Butyl rubber refers to synthetic rubber, a copolymer of isobutylene with isoprene. Butyl rubber, also known as Isobutylene-isoprene, is produced by copolymerizing isobutylene with small amounts of isoprene. Usually, 1-2% isoprene is added to the isobutylene. The reaction is swift, so it is generally synthesized at very low temperatures. The key advantage butyl rubber offers superlative air-barrier performance with superior flex properties. Butyl rubber is resistant to air and used in many applications requiring an airtight rubber. Butyl rubber is used in the manufacture of adhesives, agricultural chemicals, fiber optic compounds, ball bladders, O-rings, caulks and sealants, cling film, electrical fluids, lubricants (2 stroke engine oil), paper and pulp, personal care products, for rubber and polymer modification, for protecting and sealing specific equipment for use in areas where chemical weapons are present, as a gasoline/diesel fuel additive, and others. The primary application of butyl rubber is tire inner tubes.
The Butyl rubber industry is ready to gain traction during the forecast period due to its enormous use in adhesives, consumer products, and healthcare industries. Apart from this, the product is used to manufacture tires and finds immense applications in adhesives. Further, the outstanding gas barrier & good flex characteristics of butyl rubber have to boost its use across various sectors. Also, butyl rubber sorbent has helped in removing PAH toxicity to a larger extent. Seemingly, the growing use of the product for repairing roofs will increase the growth of the butyl rubber industry over the upcoming years rapidly.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each segment in the global market of butyl rubber.
The report segments the butyl rubber market and analyses it with respect to the geography, intending to keep the marketer informed and help them identify the target demographics for the product or service.
- Bromo Butyl
- Regular Butyl
- Chloro Butyl
- Adhesives, Sealants, Stoppers
- Consumer products
- Tires & Lubes
- Pharmaceutical & Healthcare
- Industrial & Medical Gloves
This section covers regional segmentation which accentuates on current and future demand for butyl rubber market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Butyl Rubber Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the butyl rubber market include Nizhnekamskneftekhim JSC, Togliattikauchuk Ltd., Japan Butyl Company, Kiran Rubber Industries Pvt. Ltd., ExxonMobil Chemical, Timco Rubber, Lanxess AG, Reliance Industries Ltd., and Yanhua Petrochemical Company.S. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.