Butyl Rubber Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Butyl rubber is a co-polymer of isoprene and isobutylene. It is manufactured from the monomer isobutylene by a process known as cationic vinyl polymerization. Butyl rubber is used in the inner linings of automotive tires and other specialty applications because of its chemical inertness, impermeability to gases, and weatherability.

MARKET DYNAMICS

Rising demand for butyl rubber from tire manufacturing companies to manufacture inner lining of a tire is one of the significant factors driving the market growth. Moreover, butyl rubber's superior commodity characteristics in terms of tear strength, ageing, and heat resistance compared to natural rubber are expected to drive market expansion throughout the forecast period. The butyl rubber market is expected to rise in the next years due to rising demand for OEM tires in the automotive sector. With the continued growth of the automobile sector in developing economies, demand for raw materials, such as butyl rubber, has risen considerably.

MARKET SCOPE

The "Global Butyl Rubber Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the butyl rubber market with detailed market segmentation based on type and application. The global butyl rubber market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading butyl rubber market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global butyl rubber market is segmented into type and application. By type the butyl rubber market is segmented into regular butyl rubber and halo butyl rubber. By application, the butyl rubber market is classified into tires, medical equipment, chewing gums, adhesives & sealants, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global butyl rubber market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The butyl rubber market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the butyl rubber market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the butyl rubber in these regions.

MARKET PLAYERS

The report covers vital developments in the butyl rubber as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the luxury lipsticks are anticipated to witness lucrative growth opportunities in the future with the rising demand for luxury lipsticks in the global market. Below mentioned is the list of few companies engaged in the butyl rubber market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the butyl rubber market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•   Arlanxeo
  
•   JSR Corporation
  
•   China Petrochemical Corporation
  
•   Sibur International GmbH
  
•   Reliance Industries Limited
  
•   Exxon Mobile Corporation
  
•   Zhejiang Cenway New Synthetic Materials Co., Ltd.
  
•   Lanxess
  
•   Denso Corporation
  
•   PJSC
  
  
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Butyl Rubber Report Scope