The
global butyl rubber market is
expected to reach USD 5.21 billion by 2025, according to a new report by Grand
View Research, Inc. Butyl rubber market is growing worldwide on account of
superior product properties in comparison to natural rubber.
Regular
butyl rubber exhibits properties such as resistance toward sunlight, ozone, gas
permeability, and various polar solvents like alcohols and esters. The general
temperature range of regular butyl rubber is about -34 to 110 degrees
centigrade, which is anticipated to widen the application scope of the product.
Key
players are expanding distribution channels to meet the rising demand and
increasing their market share. Companies are expected to expand their footprint
across Asia Pacific owing to rapid industrialization, which in turn is likely
to provide a positive scope for the product growth.
Browse
full report by Grand View Research :
Further
key findings from the report suggest:
·
Chloro
butyl product segment is expected to witness the fastest growth of 7.9% from
2017 to 2025 on account of increasing focus toward better healthcare services
·
Increasing
use of butyl rubber for manufacturing bushes, which are used as a fixture
between two moving parts is anticipated to drive product demand over the
forecast period
·
The
Middle East & Africa butyl rubber market was valued at USD 175.7 million in
2016 owing to the presence of numerous oil & gas industries in the region
coupled with growing automotive & medical sectors in Africa, which in turn
is anticipated to augment market growth
·
Germany
accounted for the largest revenue share of 45.2% in 2016. High-scale operations
of companies such as Lanxess and Denso in the economy are expected to drive
product demand over the forecast period.
·
India
being one of the major pharmaceutical manufacturers is expected to drive the
demand for butyl rubber in the pharmaceutical closures application
·
Petrochemical
companies, such as Reliance and ExxonMobil, are expected to gain higher profits
in comparison to other players as they have the opportunity to utilize the raw
materials that are manufactured in-house
·
In
March 2017, Sinopec announced that it budgeted 63.0% increase in its spending
on oil refineries and petrochemical plants to conform with a national policy to
bolster competitiveness across the industry
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives
Grand
View Research has segmented the global butyl rubber market on the basis of
product, application, and region:
Product Outlook
(Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
·
Regular
Butyl
·
Bromo
Butyl
·
Chloro
Butyl
Application Outlook
(Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
·
Tires
& Lubes
·
Adhesives,
Sealants, Stoppers
·
Industrial
& Medical Gloves
·
Others
Regional
Outlook (Volume, Kilotons; Revenue, USD Million; 2014 - 2025)
·
North
America
o
U.S.
·
Europe
o
Germany
·
Asia
Pacific
o
China
·
Central
& South America
o
Brazil
·
Middle
East & Africa
Access
press release by Grand View Research:
About
Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: http://www.grandviewresearch.com
No comments:
Post a Comment