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Global Butyl Rubber Market: About this marketSpeak directly to the analyst to clarify any post sales queries you may have.
The butyl rubber market analysis considers sales from tire, medical application, adhesives and sealants, and other applications. Our study also finds the sales of butyl rubber in APAC, Europe, MEA, North America, and South America. In 2019, the tire segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing demand from the automotive industry will play a significant role in the tire segment to maintain its market position. Also, our global butyl rubber market report looks at factors such as growing demand for butyl rubber in APAC, increasing demand for synthetic rubber, and developments in end-user industries driving demand for butyl rubber. However, recovering nature rubber market, fluctuating raw material prices, stringent regulations may hamper the growth of the butyl rubber industry over the forecast period.
Global Butyl Rubber Market: Overview
Increasing demand for synthetic rubber
Synthetic rubber is generally considered as a substitute for natural rubber because of properties such as superior resistance to heat, resistance to abrasion, and slow aging effect. Owing to these characteristics, synthetic rubber finds high adoption in numerous end-user industries, such as packaging and healthcare. Moreover, the fluctuation in the prices of natural rubber is compelling consumers to increase the use of synthetic rubber. With the rise in the manufacture of cars and commercial vehicles, the demand for synthetic rubber is bound to increase which will lead to the expansion of the global butyl rubber market at a CAGR of over 3% during the forecast period.
Increasing demand from medical and healthcare sector
Proteins present in natural rubber can cause allergic reactions, which is leading to the increasing use of butyl rubber in medical and healthcare applications. Butyl rubber is non-allergic, odorless, and does not undergo discoloration. Moreover, it also possesses several certain distinctive properties such as low tensile set properties, high resilience, and high elongation, which makes it highly suitable for use in the manufacture of products for the healthcare industry. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of a few major players, the global butyl rubber market is concentrated. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of few leading butyl rubber manufacturers, that include ARLANXEO, China Petrochemical Corp., Exxon Mobil Corp., Goodyear Rubber Co., JSR Corp., Panjin Heyun Industrial Group Co. Ltd., PJSC Nizhnekamskneftekhim, PJSC SIBUR Holding, Reliance Sibur Elastomers Pvt. Ltd., and Zhejiang Cenway New Materials Co. Ltd.
Also, the butyl rubber market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Table of Contents
PART 01: EXECUTIVE SUMMARYPART 07: CUSTOMER LANDSCAPEPART 09: DECISION FRAMEWORK
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
List of Exhibits
Executive Summary
The following companies as the key players in the global butyl rubber market: ARLANXEO, China Petrochemical Corp., Exxon Mobil Corp., Goodyear Rubber Co., JSR Corp., Panjin Heyun Industrial Group Co. Ltd., PJSC Nizhnekamskneftekhim, PJSC SIBUR Holding, Reliance Sibur Elastomers Pvt. Ltd., and Zhejiang Cenway New Materials Co. Ltd.Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increasing demand from medical and healthcare sector.”
According to the report, one of the major drivers for this market is the increasing demand for synthetic rubber.
Further, the report states that one of the major factors hindering the growth of this market is the recovering nature rubber market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ARLANXEO
- China Petrochemical Corp.
- Exxon Mobil Corp.
- Goodyear Rubber Co.
- JSR Corp.
- Panjin Heyun Industrial Group Co. Ltd.
- PJSC Nizhnekamskneftekhim
- PJSC SIBUR Holding
- Reliance Sibur Elastomers Pvt. Ltd.
- Zhejiang Cenway New Materials C
