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Grand View Research, Inc. – Market Research And Consulting

According to a report, “Butyl Rubber Market Analysis By Product (Regular Butyl, Bromo Butyl, Chloro Butyl), By Application (Tires & Lubes, Adhesives, Sealants, Stoppers, Industrial & Medical Gloves), By Region, And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc., The global butyl rubber market is expected to reach USD 5.21 billion by 2025. 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. 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.

Key Takeaways from the report:

• 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 in Petrochemicals Industry:

Naphtha Market: Increasing global demand for transportation fuel is expected to drive growth. Demand is also being driven by its robust use for hydrocarbon cracking process in the petrochemical industry. 

Aerospace Lubricant Market: Rising number of trade activities in Asia Pacific and Middle East region has resulted in need for expansion of aviation capacity further driving lubricant demand.  

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.

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

  • U.S.

• Europe

  • Germany

• Asia Pacific

  • China

• Central & South America

  • Brazil

• Middle East & Africa

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass, by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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