Butyl Rubber market report examines the short-and medium-term economic and profitability outlook for Butyl Rubber industry.. The Butyl Rubber market accounted for $XX million in 2018, and is expected to reach $XX million by 2024, registering a CAGR of YY% from 2019 to 2024.
Butyl rubber is a type of synthetic rubber mostly used in tires and tubes, as it possesses special properties such as permeability to gas, excellent resistance to heat, chemicals & ozone and high low-temperature flexibility. Other than tires and tubes, butyl rubber is also used in sealants, adhesives, protective clothes, pharmaceutical stoppers, closures, vials & tubes, electrical cables, hoses and shoe soles. A new research report suggests that the butyl rubber market is witnessing a surge in demand from various application areas.
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List of key players profiled in the Butyl Rubber market research report:
Lanxess AG , ExxonMobil Corporation , PJSC Nizhnekamskneftekhim , JSR Corporation , China Petroleum & Chemical Corp (Sinopec Corporation), PAO SIBUR Holding , Reliance Industries Limited , Formosa Synthetic Rubber Corporation , Zhejiang Cenway New Synthetic Material Co. Ltd. , Panjin Heyun Industrial Group Co., Ltd. , Royal Adhesives & Sealants, LLC ,
By Product Type
Regular Butyl Rubber, Halo Butyl Rubber, Bromo-Butyl Rubber, Chloro-Butyl Rubber,
Tires & Tubes, Pharmaceuticals, Adhesives & Sealants, Automotive, Others
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The global Butyl Rubber market is segmented based on product, end user, and region.
Region wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, Italy, Spain, France, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, Taiwan, and, rest of Asia-Pacific) and EMEA (Brazil, South Africa, Saudi Arabia, UAE, rest of EMEA).
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Moreover, other factors that contribute toward the growth of the Butyl Rubber market include favorable government initiatives related to the use of Butyl Rubber. On the contrary, high growth potential in emerging economies is expected to create lucrative opportunities for the market during the forecast period.
Key Benefits for Stakeholders from Butyl Rubber Market Report:
This report entails a detailed quantitative analysis along with the current global Butyl Rubber market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessment.
The Butyl Rubber market size and estimations are based on a comprehensive analysis of key developments in the industry.
A qualitative analysis based on innovative products facilitates strategic business planning.
The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the Butyl Rubber industry.
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