Global Butyl Rubber Market To Grow At Around 7.34 % CAGR During 2019–2025

17-Feb-2020 | Zion Market Research

As per the researchers at Zion Market Research, the global butyl rubber market is anticipated to surpass around US$ 5.28 Billion mark by 2025, growing at around 7.34 % CAGR during a forecast period 2019–2025. Few of the prominent players active in the global butyl rubber market consist of Japan Butyl Company, ExxonMobil Chemical, Timco Rubber, Nizhnekamskneftekhim JSC, Lanxess AG, Togliattikauchuk Ltd, Kiran Rubber Industries Pvt. Ltd., Reliance Industries Ltd., and Yanhua Petrochemical Company, amongst others.

Superior Properties Of Butyl Rubber To Boost The Growth Of The Market

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Butyl rubber is anticipated to show a noteworthy growth on account of its superior properties comprising exceptional resistance to ozone, weather, and chemical. Butyl rubber, though primarily intended for tire applications, is progressively being utilized in other sectors like consumer products, adhesives, and healthcare. Butyl rubber is utilized in numerous end-user applications like automotive and adhesive. The improved damping characteristics of butyl rubber have resulted in a huge requirement in the tire industry. Moreover, the rising butyl rubber demand in the making of plastics is also projected to drive the growth of butyl rubber market in the forecast period.

Additionally, the rising butyl rubber demand for roof repairing is anticipated to propel the expansion of the butyl rubber market in the years to come. Further, the usage of food grade butyl rubber in a range of food applications is projected to drive its demand. Nevertheless, factors such as changing raw material costs, rules for emission of volatile organic compound (VOC) as a result of rubber manufacturing, and accessibility of alternatives are likely to hamper the growth of the market.

Growth Of The Tire And Tubes Industry Is Boost Market In Asia Pacific Region

The global butyl rubber market is bifurcated based on product, application, and region. The product segment of the market is divided into bromo butyl, regular butyl, and chloro butyl. The chloro butyl segment is projected to make up maximum revenue share in the market and is anticipated to maintain its supremacy over the forecast period as well. The application segment of the butyl rubber market is divided into adhesives, sealants, stoppers; consumer products; tires & lubes; pharmaceutical & healthcare; industrial & medical gloves; and others.

The global butyl rubber market based on region is classified into Latin America, Asia Pacific, North America, the Middle East & Africa, and Europe. Among these, the biggest share in butyl rubber market is expected to be held by Asia Pacific because of the growth of the tire and tubes industry at an extraordinary rate. India and China present the maximum usage of butyl rubber in this region. Few other significant butyl rubber consumers in the region comprise Vietnam, Malaysia, Macau, Hong Kong, Australia, Republic of Korea, and Indonesia. Further, Europe and North America are also expected to present modest market growth owing to several applications of butyl rubber.

Browse the full “Global Butyl Rubber Market - By Product (Bromo Butyl, Regular Butyl, and Chloro Butyl), By Application (Adhesives, Sealants, Stoppers, Consumer Products, Tires & Lubes, Pharmaceutical & Healthcare, Industrial & Medical Gloves, and Others), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025” Report at https://www.zionmarketresearch.com/report/butyl-rubber-market

The global butyl rubber market is segmented as follows:

By Product

  • Bromo Butyl
  • Regular Butyl
  • Chloro Butyl

By Application

  • Adhesives, Sealants, Stoppers
  • Consumer products
  • Tires & Lubes
  • Pharmaceutical & healthcare
  • Industrial & Medical Gloves
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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