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Butyl Rubber Market by Application and Geography - Forecast and Analysis 2020-2024

  • Published: Nov 2019
  • Pages: 141
  • SKU: IRTNTR40176
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The global butyl rubber market has the potential to grow by USD 853.29 million during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by application (tire, medical application, adhesives and sealants, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including 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.

Market Overview

Butyl-Rubber-Market-Size

 

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Market Competitive Analysis

The butyl rubber market is currently concentrated, and the degree of concentration will remain the same during the forecast period. The various developments in end-user industries are expected to create several growth opportunities for vendors in the butyl rubber market. ARLANXEO, China Petrochemical Corp., and Exxon Mobil Corp. are a few of the major market participants. Although the increasing demand for synthetic rubber will offer immense growth opportunities, the recovering natural rubber market will challenge the growth of the market participants. To increase their butyl rubber market share, companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market positions, this butyl rubber market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this butyl rubber market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading butyl rubber manufacturers, including:

  • 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 Co. Ltd.

Butyl Rubber Market: Segmentation by Region

Butyl-Rubber-Market-Share-by-Geography

 

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APAC was the largest market for butyl rubber in 2019, and the region will continue to offer maximum growth opportunities to market vendors during the forecast period. Factors such as increasing production of rubber and rising demand for tires from the automotive industry are contributing to the butyl rubber market growth in this region.

Almost 60% of the market’s growth will originate from APAC during the forecast period. China is an important market for butyl rubber in APAC. Market growth in this region will be faster than the growth of the market in other geographies.

Butyl Rubber Market: Segmentation by Application

Butyl-Rubber-Market-Share-by-Application

 

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Butyl rubber is widely used in the production of tires and tire products, including treads, sidewalls, breakers, and carcass. Thus, the increasing demand from the automotive industry will be one of the significant factors driving the growth of the butyl rubber market by the tire segment.

Market growth by the tire segment will be faster than the growth of the market by the medical application, adhesives and sealants, and other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the butyl rubber market size.

Butyl Rubber Market: Key Drivers and Trends

The increasing demand for synthetic rubber is one of the key factors driving the growth of the butyl rubber market. The need for synthetic rubber, including butyl rubber, styrene-butadiene rubber, and butadiene rubber, is increasing in several end-user industries, such as packaging and healthcare. The advantageous characteristics of synthetic rubber, such as superior resistance to heat and abrasion and slow aging effect, make it ideal for use in various applications of end-user industries. It is widely used to manufacture tires, door and window profiles, hoses, belts, matting, and flooring. The volatility in natural rubber prices is also driving end-users to shift from natural rubber to synthetic rubber. Furthermore, the demand for synthetic rubber from the automotive industry is increasing. These factors are expected to boost the growth of the butyl rubber market during the forecast period.

  • The increasing demand from the medical and healthcare sector has been identified as one of the critical butyl rubber market trends.
  • Allergic reactions caused by the proteins present in natural rubber have increased the demand for butyl rubber for various applications in the medical and healthcare sectors.
  • Butyl rubber is free from protein and fatty acids present in natural rubber, which helps in preventing incidences of allergies, odor, discoloration, and other biocompatibility issues.
  • Dip molded medical devices manufactured using butyl rubber also possess distinctive properties, such as low tensile set properties, high resilience, and high elongation.
  • Butyl rubber is also used in the production of infusion bottles, intravenous (IV) bags, and vials.
  • With the increasing population, the dependence on the medical and healthcare sectors will also grow.
  • During 2020-2024, the butyl rubber market will grow at a CAGR of over 3%.

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Butyl Rubber Market: Key Highlights of the Report for the Forecast Period 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will accelerate the growth of the butyl rubber market during the next five years
  • Precise estimation of the global butyl rubber market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the butyl rubber industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of butyl rubber vendors

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Value Chain Analysis
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Tire - Market size and forecast 2019-2024
  • Medical application - Market size and forecast 2019-2024
  • Adhesives and sealants - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Increasing demand from medical and healthcare sector
  • Growing demand from tire industry
  • Rapid industrialization in emerging economies

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • 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 Co. Ltd.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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