Overview:

Butyl rubber is generally called as the copolymer of isobutylene and does not break down easily during the normal mixing process. The Rubber is impermeable to gases, resistant to water, steam and weathering.

Market Dynamics:

Increasing demand for advanced material that is resistant to heat and water from various end use industries such as medical, automotive, etc. is a major factor expected to drive growth of the global market. In addition, increasing demand from tire manufactures for chloro butyl due to properties such as consistent inflation pressure, durability, and heat stability is another factor expected to support the growth of target market.

In addition, increasing business development activities by major players for enhance the customer base and increase the profit is another factor expected to positively impact the growth of target market.

However, factors such as fluctuation in raw material prices and increasing environment regulation are expected to hamper the growth of global market.

Key Trends:

Increasing investment by major players in order to enhance the production capacity is the key trend observed in the target market. In 2017, Lanxess AG a specialty chemicals company invested US$ 118.5 Mn for the company’s advanced industrial intermediated business unit. This is expected to help the company to expand the production facilities for intermediate chemicals and enhance the profit.

Regional Analysis:

For detailed understanding of market dynamics, the global marketis analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific accounted for the major revenue share in 2018, owing to increasing passenger vehicle sale. In addition, increasing demand from automotive manufacturers for tires & lubes application is another factor expected to support the growth of target market.

Major players approach towards tracking the untapped market in developing countries in order to increase the profit ratio is another factor expected to support the growth of target market.

Scope of the Report:

Detailed Segmentation:

Global Butyl Rubber Market, By Product Type:

• Regular Butyl
• Bromo Butyl
• Chloro Butyl

Global Butyl Rubber Market, By Application:

• Tires & Lubes
• Adhesive, Sealants, Stoppers
• Industrial & Medical Gloves

Global Butyl Rubber Market, By End Use:

• Medical
• Automotive
• Consumer products
• Construction

Key Players Covered:

Key players operating in the market includes, Lanxess, ExxonMobil Chemical, Rishiroop Group, Kiran Rubber Industries Pvt. Ltd., Sinopec Beijing Yanhua Petrochemical Company Limited, Reliance Sibur Elastomers Private Limited, and Timco Rubber.

Key features of the study:

Foresight Market Research provides detailed analysis on global market in our report- Global Butyl Rubber Market by product type, application, end use, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global butyl rubber market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.