Butyl Rubber Market Size Analysis, Industry Outlook, & Region Forecast, 2020-2028
The latest industry analysis report published by Reports and Data provides vital data and information relating to the global Butyl Rubber industry and precisely evaluates the forecast market size and revenue growth rate. The study specializes in an in-depth analysis of the key market dynamics including drivers, restraints, opportunities, supply & demand ratios, upcoming market trends, technological innovations, and value chain analysis. The report offers numerous Butyl Rubber market projections based on historical and current market data. Moreover, it presents quantitative and qualitative market insights derived through research studies and market surveys.
According to the latest market intelligence report, the global Butyl Rubber market is projected to reach a staggering market size of USD 6,859.8 Million By 2028 from USD 3,906.7 Million in 2020, registering a steady CAGR of 7.4%. The report offers other vital information related to industry annual sales, regional market outlook, product portfolios, application ranges, shifting consumer tastes & preferences, changing production & consumption patterns, volatile demand & supply graphs, and key industry statistics. The report expounds on the competitive scenario of the Butyl Rubber market and evaluates the current position of each market player using analytical tools including SWOT analysis, Porter’s Five Forces analysis, and Capacity Utilization analysis.
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Sustainability and digitalization are expected to be two key trends to alter the dynamics of the chemicals and materials industry over the forecast period. Rising focus on sustainable manufacturing processes, packaging, and innovation in production are some key factors expected to accelerate market revenue growth over the forecast period. In addition, the incorporation of machine learning, artificial intelligence, and the advent of 3D printing or additive manufacturing is expected to further contribute to revenue growth of the market going ahead.
Advancements in R&D technology, the development of new business models, and the emergence of disruptive technologies have brought about dynamic changes in the global market over the recent past. Growing demand for personal care products, increasing demand from end-use industries, and rapid advancement in e-commerce sales channels have given rise to lucrative growth opportunities in the sector. Key companies are focusing on the current and emerging trends to capitalize on the market opportunity.
Europe occupies a significant market share of 19.8% in the year 2020 in the butyl rubber market. The compound is environment-friendly in nature, and the region is a large consumer of the product. The U.S., Germany, and China are the primary consumer base as well as production base.
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Key companies profiled in the report include:
Lanxess, JSR, Sinopec Beijing Yanshan, Sibur, Panjin Heyun Group, Zhejiang Cenway Synthetic New Material, Formosa Synthetic Rubber, ExxonMobil, PJSC NizhneKamskneftekhim, and Reliance Industries Limited, among others.
The report also studies their financial standing and global position. It also provides extensive coverage of the alliances occurring in the competitive landscape such as mergers and acquisitions, collaborations, joint ventures, partnerships, corporate deals, and government deals, agreements, and product launches and brand promotions.
To impart a better understanding, the Butyl Rubber market is further segmented on the basis of types, applications, technologies, and key geographies where the market has already established its presence.
Detailed Regional Analysis Covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Product Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
- Regular butyl
- Bromo butyl
- Chloro butyl
Applications Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
- Tires & lubes
- Adhesives, sealants, stoppers
- Industrial & medical gloves
- Others
End Users Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
- Automotive
- Healthcare
- Consumer Goods
- Construction
- Rubber Industry
- Others
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