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Butyl Rubber Market
Butyl Rubber Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2023-2028
"The global butyl rubber market is estimated to grow at a CAGR of 5.0% over the next five years to reach US$ 5.2 billion in 2028."
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Butyl rubber is considered a type of synthetic rubber that is produced through the polymerization of isoprene and isobutylene. It is predominantly used as primary binders, modifiers, and tackifiers in sealants, protective clothes, tires, tubes, pharmaceutical stoppers, electric cables, and adhesives, among others. This rubber has ideal impermeability toward water and air with enhanced loosening properties. It is highly durable in nature and holds superior head and aging resistance.
Due to these factors, it is highly desirable to use butyl rubber in various applications. The widespread industrial development, growing per capita income levels, and rising focus of vital players to develop advanced products in this field are creating lucrative opportunities for this marketplace to flourish.
The growing demand for automobile tires for new vehicles and the replacement of old tires is taking the industry to new heights. Increasing demand for OEM tires due to the rising automobile industry is anticipated to augment the market growth over the coming years.
The butyl rubber market is segmented into regular butyl, brominated butyl, chlorinated butyl, and halo butyl rubber. The chloro butyl product segment is projected to observe the fastest growth of 7.9% over the forecast period on account of increasing focus toward better healthcare services as well as increasing use of regular and chloro butyl in the manufacturing of tires, which is estimated to provide a positive choice for the market growth over the forecast period. The use of these products offers benefits such as durability, and heat stability.
The market is segmented into adhesives, sealants, medical gloves, stoppers, tires & tubes, and others. Tires & tubes are the largest product segment. The increasing demand for automobiles due to various factors such as increasing disposable income and population is likely to drive the tires & tubes industry, thus enhancing market growth.
In terms of regions, Asia-Pacific is the market that is likely to have increasing enormous traction in terms of revenue share over the forecast period. This growth is attributed to the thriving automotive and pharmaceutical sectors, growing income levels, easy availability of cheap labor, along with technological innovations in the field. Also, rapid industrialization, and fast evolution in the manufacturing infrastructure, coupled with the presence of prominent players are further contributing to the market expansion in the APAC region.
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The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the butyl rubber market:
Note: The above list does not necessarily include all the top players in the market.
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This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s butyl rubber market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
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Key questions this report answers |
Relevant contents in the report |
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How big is the sales opportunity? |
In-depth Analysis of the Butyl Rubber Market |
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How lucrative is the future? |
Market forecast and trend data and emerging trends |
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Which regions offer the best sales opportunities? |
Global, regional, and country-level historical data and forecasts |
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Which are the most attractive market segments? |
Market segment analysis and Forecast |
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Which are the top players and their market positioning? |
Competitive landscape analysis, Market share analysis |
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How complex is the business environment? |
Porter’s five forces analysis, PEST analysis, Life cycle analysis |
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What are the factors affecting the market? |
Drivers & challenges |
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10% free customization |
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories-
By Type
By Application Type
By End-User Type
By Region
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]
The butyl rubber market is estimated to grow at a CAGR of 5.0% by 2028.
Arlanxeo, JSR Corporation, China Petrochemical Corporation, Sibur International GmbH, Reliance Industries Limited, and PJSC are the leading players in the butyl rubber market.
The Asia-Pacific market is gaining massive traction in terms of revenue share over the forecast period. This is due to the booming automotive and pharmaceutical sectors, growing income levels, easy availability of cheap labor, and technological innovations in the field.
Asia-Pacific is estimated to remain the fastest-growing market for the butyl rubber market in the foreseeable future. This growth is attributed to the thriving automotive and pharmaceutical sectors, growing income levels, easy availability of cheap labor, along with technological innovations in the field. Also, rapid industrialization, and fast evolution in the manufacturing infrastructure, coupled with the presence of prominent players are further contributing to the market expansion in the APAC region.
The market is driven by superior commodity properties in terms of tear strength, aging, and heat resistance relative to natural rubber. All of these factors are projected to offer a positive scope for market growth over the forecast period.
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