Butyl Rubber Market is Projected to Grow at a CAGR of 3.9% by 2030 | ChemAnalyst

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Butyl Rubber Market is Expected to Grow at a CAGR
of 3.9 by 2030
According to ChemAnalyst report, Butyl Rubber
Market Analysis Plant Capacity, Production,
Operating Efficiency, Technology, Demand
Supply, End-User Industries, Distribution
Channel, Regional Demand, 2015-2030. Butyl
Rubber market witnessed a demand of around 1.4
million tons globally in 2020 and is anticipated
to grow at a significant rate with a healthy CAGR
of 3.9 until 2030 owing to its surging demand
from the Automotive sector. Read Full Report
Here https//www.chemanalyst.com/industry-report/
butyl- rubber-market-651 Butyl Rubber is a
synthetic polymer, produced by the
copolymerization of isobutylene (98) and
isoprene (2) therefore, also known as
isobutylene- isoprene rubber (IIR Rubber). It
comprises several significant properties such as
chemical inertness, flexibility, low gas, and
moisture permeability, good shock absorption,
excellent weather abrasion resistance, and
resistance against ozone, and oxygen attack. All
these properties of the elastomer make it an
ideal material for inner tubes and high-pressure
applications. In addition to inner tubes of tires,
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and high-pressure or vacuum tubes, It also finds
applications in the production of wires and
cables, gaskets, O-rings, Seals, diaphragms,
Liners, hot melts, caulks, bottle closures, and
weather stripping. It is also extensively used in
adhesives and sealants as binders, and as
modifiers. Moreover, it is a cost-effective
material with a life span varying from 5-10
years. For the enhancement of their
thermophysical and mechanical properties, Butyl
rubbers are blended with other materials such as
fillers, antioxidants, and oils. The major two
improvised types of Butyl Rubber are Chlorobutyl
rubber and Bromobutyl Rubber. The hexane
solution of Butyl Rubber is halogenated with
chlorine to form Chlorobutyl or Bromine to form
Bromobutyl Rubber which increases the cure rate
as well as improves its resistance against
reversion. Chlorobutyl rubber and Bromobutyl
Rubber find applications in airbags, roofing
membranes, air conditioning hoses, vials and
tubes, shoe soles and other tire applications.
Hence, the market is segmented into different
types based on its composition such as Regular
Butyl Rubber, Chlorobutyl Rubber, and Bromobutyl
Rubber. Surging demand for Chlorobutyl rubbers
and Regular Butyl Rubber in the automotive and
construction sectors is expected to boost its
market growth in the forecast period. The major
end-use industries of the elastomer include
Automotive, Rubber, Pharmaceutical Industry,
Consumer Goods, Construction, and Others.
However, the major restraint in the market growth
of Butyl Rubber is the volatility in the prices
of the raw materials used for its
manufacturing. Request Sample
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m The sudden outbreak of the COVID-19 virus in
the first half of 2020, across the globe led to
the imposition of nationwide lockdowns by the
major economies. It resulted in the disruption
in the functioning of several manufacturing
plants along with the interruption in the supply
and demand chain which consequently impacted most
of the industries. The Butyl Rubber market was
also affected in the first wave of COVID-19
because its major end use industries such as
Automobile and Construction were drastically
affected in the first wave of COVID -19.
Moreover, after the exemption of trade
restriction and resumption in the operations of
all the industries in the second half of 2020,
an improvement was witnessed in the demand for
Butyl Rubber with the recovery of its end use
industries such as
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construction, consumer goods and automobile and
is expected to drive the Butyl Rubber market
growth in the forthcoming years. Region-wise,
Asia Pacific holds the maximum demand share of
the market and is expected to remain the same
through 2030 owing to the growing population,
rapid industrialization, urbanization, and
increasing per capita income in the region.
Moreover, the ongoing construction projects and
growing automobile sector in the region is also
expected to fuel the demand for Butyl Rubber in
the forecast period. Additionally, China is one
of the leading producers of consumer goods which
is likely to sell up the demand for Butyl Rubber
in the forecast period.
According to ChemAnalyst report, Butyl Rubber
Market Analysis Plant Capacity, Production,
Operating Efficiency, Technology, Demand
Supply, End-User Industries, Distribution
Channel, Regional Demand, 2015-2030, Major
players for Butyl Rubber globally are Lanxess
AG, Huntsman International LLC., Reliance
Industries Ltd., Exxonmobil Chemical Co., Japan
Butyl Company, Ineos Group AG,
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• Kiran Rubber Industries Pvt. Ltd., Eni S.p.A.,
  Royal Dutch Shell Plc., LyondellBasell
  Industries Holdings B.V., TPC Group, SABIC
  Chemicals Company, and Others
• Butyl Rubber market is directly linked to
  Automotive and Construction sectors primarily
  hence, the growth in these sectors would directly
  drive its market in the forecast period.
  Moreover, in pharmaceuticals more than 90 of
  biomedical, and antibiotics stoppers are made
  from Butyl Rubber across the world owing to its
  properties such as chemical and biological
  inertness, excellent seal-ability, resistance to
  heat, oxygen, and ozone, that is likely to push
  the demand for Butyl Rubber and would drive its
  market through the forecast period. Hence, its
  growing demand from several end use industries
  is expected to offer several opportunities to
  market players to expand their manufacturing
  capacities to fill demand and supply gap in
  future. said Mr. Karan Chechi, Research Director
  with TechSci Research, a research based global
  management consulting firm promoting
  ChemAnalyst.
• Key Target Audience
• Butyl Rubber manufacturers and other stakeholders
• Organizations, forums and alliances related to
  Butyl Rubber distribution
• Government bodies such as regulating authorities
  and policy makers
• Market research organizations and consulting
  companies

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Report Scope In this report, the Global Butyl
Rubber market has been segmented into following
categories, in addition to the industry trends
which have also been detailed below
Attribute Details
Market size volume in 2020 1.4 million tons
Growth Rate CAGR of 3.9 from 2021 to 2030
Base year for estimation 2020
Historic Data 2015 2019
Forecast period 2021 2030
Quantitative units Revenue in USD million/billion and CAGR from 2021 to 2030
Report coverage Revenue forecast, demand supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered End Use (Automotive, Rubber, Pharmaceutical Industry, Consumer Goods, Construction and Others) Type (Regular Butyl Rubber, Chlorobutyl Rubber, and Bromobutyl Rubber) Distribution Channel (Direct/Institutional Sales, Other Channel Sales)
Regional scope North America Europe Asia Pacific South America Middle East Africa
Country scope United States Mexico Canada China India Japan South Korea Taiwan Singapore Germany Belgium France United Kingdom Spain Italy Sweden Austria Saudi Arabia Iran South Africa Brazil Argentina
Key companies profiled Lanxess AG, Huntsman International LLC., Reliance Industries Ltd., Exxonmobil Chemical Co., Japan Butyl Company, Ineos Group AG, Kiran Rubber Industries Pvt. Ltd., Eni S.p.A., Royal Dutch Shell Plc., LyondellBasell Industries Holdings B.V., TPC Group, SABIC Chemicals Company, and Others.
Customization scope Free report customization with purchase. Addition or alteration to country, regional segment scope.
Pricing and purchase options Avail customized purchase options to meet your exact research needs. Explore purchase options
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