PUBLISHER: Value Market Research | PRODUCT CODE: 1342794
PUBLISHER: Value Market Research | PRODUCT CODE: 1342794
The global demand for Butyl Elastomers Market is presumed to reach the market size of nearly USD 14.34 BN by 2030 from USD 7.1 BN in 2022 with a CAGR of 8.12% under the study period 2023 - 2030.
Butyl elastomer is a synthetic rubber composed of isobutylene and isoprene copolymers, and it was the first synthetic rubber. It offers shock-absorbing solid properties and low moisture and gas transparency. Butyl elastomer is used in a variety of commercial applications. However, butyl elastomers produce adhesives, agrochemicals, fiber-optic compounds, and ball bladders. Among the most common applications for butyl rubber is manufacturing automobile parts like tires, etc., as butyl provides outstanding inflation pressure endurance.
Butyl elastomers demand is being driven mainly through increasing tire manufacturing as a result of increased demand for automobile tires for new cars and tire replacement. Rising infrastructure investments, pharmaceutical industries, construction sector, and new uses for food-grade butyl rubber are driving the butyl elastomers industry. Continuing research and development operations will likely grow the product's market. The market is expected to be constrained by the need for international laws controlling the usage of butyl elastomers. However, the market is expected to be hindered in the near future by price fluctuations for raw materials, regulations for volatile organic compounds, emissions caused by rubber manufacture, and the availability of substitutes.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of butyl elastomers. The growth and trends of butyl elastomers industry provide a holistic approach to this study.
This section of the butyl elastomers market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Butyl Elastomers market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the butyl elastomers market include Exxon Mobil Corporation, Reliance Industries Ltd, China Petroleum and Chemical Corporation, Japan Butyl Co. Ltd., Yanhua Petrochemical Company, Kiran Rubber Industries Pvt. Ltd., Lanxess AG, Togliattikauchuk Ltd, Nizhnekamskneftekhim PJSC, Evonik Industries AG. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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