Butyl Rubber Market 2019 | Challenges, Key Players, Industry Segments, Development, Opportunities, Forecast Report 2023

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Butyl Rubber Market Research Report - Forecast to
2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Butyl Rubber Market Research Report- Forecast to
2023
Butyl Rubber Market - Overview
As per the latest study conducted by Market
Research Future (MRFR), the Global Butyl Rubber
Market will surge at 4.66 CAGR between 2018 and
2023. Butyl Rubber has been catering to various
industrial domains for several years now, it is
Synthetic Rubber that witnesss widespread
popularity in the tire manufacturing industry. It
has excellent shock absorbency quality, which
makes it an apt material for manufacturing
tire. It is also used in making a range of other
rubber-based products such as medical gloves,
packaging containers, conveyer belts, sports
goods etc. However, a majority of the overall
Butyl Rubber produce is consumed by the tire
industry. It is used in making inner tire tube,
durable tubeless tires and rubber shock mounts.
Over the years, Butyl Rubber has proven to be an
efficient industrial material due its desirable
features such as high durability and resistance
to heat, abrasion and chemical. The growth of
the automotive sector in countries India, Mexico
and China has fueled the demand for Butyl Rubber.
These countries are not only recording a stronger
sales volume but also have emerged as prominent
manufacturing hubs. For instance, China is the
worlds largest manufacturer of vehicles. The
aforementioned factors are supporting the Butyl
Rubber Market.
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Butyl Rubber Market Research Report- Forecast to
2023
Segmental Analysis
The report includes a detailed segmental
overview of the market based on Application and
Type. By Application, the market has been
segmented into adhesive and sealants, tires and
tubes, pharmaceuticals, industrial and medical
gloves and others. The tire and tubes segment is
likely to retain its dominance over 2023. The
segment is expected to reach a market valuation
in excess of USD 4,000 Mn by the end of forecast
period. The growing number of vehicles on road
characterizes the increased sales of passenger
cars. The automotive industry is extremely
dynamic and continues to witness relentless
transformation across design, structure, and
mechanics. Improvement in component design has
always been an area of focus with tire being one
of the prime segments. Today, butyl rubber is
used for manufacturing various types of vehicular
tires and viewed as an important raw material for
automotive tires. By Types, the market has been
segmented into bromobutyl, chlorobutyl and
regular butyl. The bromobutyl currently commands
the largest market share and projected to surge
at 5.21 CAGR during the review period. By 2023,
the segment is likely to stand at over USD 2,200
Mn. Bromo butyl has high durability, which makes
it preferred raw material for manufacturing a
wide range of pharmaceutical and automotive
products. For more Information about this Report
Visit _at_ https//www.marketresearchfuture.com/repor
ts/butyl-rubber-market-2757

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Butyl Rubber Market Research Report- Forecast to
2023
Regional Outlook
The market has been covered across major
regions of the world, which include Asia Pacific
(APAC), North America, Latin America, Europe and
the Middle East Africa (MEA). APAC currently
commands largest share of the global market. The
regions market is currently valued at more than
USD 1,500 Mn. In addition, the region will
continue to present lucrative opportunities to
market players during the forecast period.
Existence of a robust tire manufacturing industry
couple with the fast expanding parent industry is
reflecting favorably on the Butyl Rubber Market
in APAC. Countries such China and India are
witnessing a tremendous growth of sectors such as
aerospace, automotive, construction and
pharmaceuticals. Furthermore, rising sales of
passenger and commercial cars in these countries
is also supporting the growth of the market in
countries.
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Butyl Rubber Market Research Report- Forecast to
2023
Major Players in this Research

• Butyl Rubber Market Prominent Players
• JSR Corporation
• Arlanxeo
• Sibur International GmbH
• China Petrochemical Corporation
• PJSC Nizhnekamskneftekhim
• Reliance Industries Limited
• Zhejiang Cenway New Synthetic Materials Co., Ltd
• Exxon Mobile Corporation

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