Butyl Rubber Market will Reach US$ 4,200 Mn by 2025

Butyl Rubber Market Set to Cross US$ 4,200 Mn by 2025
Butyl rubber is a synthetic rubber manufactured by the copolymerization of isobutylene with
isoprene. Butyl rubber is mostly used in the tires and tubes industry. A new research report by
Persistence market Research highlights the overall scenario as well as the forecast for the global
butyl rubber market. The report further throws light on the key dynamics that are likely to impact
the growth of the global butyl rubber market. According to the report titled “Butyl Rubber Market:
Global Industry Analysis 2012-2016 and Forecast 2017-2025,” the global butyl rubber market is
expected to reach a market valuation of over US$ 4,200 Mn by the end of 2025, growing at a
CAGR of 4.7% during the forecast period.
The rise in demand for butyl rubber is due to its growing applications. The butyl rubber market is
witnessing a rapid increase in demand from the pharmaceutical industry. Another driver of the
market is an increase in the rate of tire replacements taking place in the automobile industry. With
the projected growth of the market, manufacturers are focusing on increasing production capacity of
butyl rubber to cater to the ever increasing demand in various applications. Global market
companies are also planning their overseas business development and sales in addition to the
domestic market.
Butyl Rubber Market Research Report Overview @
https://www.persistencemarketresearch.com/market-research/butyl-rubber-market.asp
Based on application, the global butyl rubber market is expected to witness maximum demand from
the tires and tubes segment, which is projected to reach a market value of over US$ 3,700 Mn by
the end of 2025. On the basis of rubber type, halo-butyl rubber is expected to lead the market with
a market share of over US$ 3,500 Mn by the end of 2025, growing at a robust CAGR of 5.0%
during the forecast period. Among the different types of halo butyl rubbers, bromo-butyl contributes
the most in the growth of the halo butyl rubber market. In terms of regions, APAC leads the global
market with a high margin. The APAC butyl rubber market is expected to reach a valuation of over
US$ 2,400 Mn by the end of 2025, with a growth rate of 5.3% during the forecast period.
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This comprehensive research report consists of a brief profile of all the major players in the
industry. Some of these major players mentioned in the report are Lanxess AG, ExxonMobil
Corporation, PJSC Nizhnekamskneftekhim, JSR Corporation, China Petroleum & Chemical Corp
(Sinopec Corporation), PAO SIBUR Holding, Reliance Industries Limited, Formosa Synthetic
Rubber Corporation, Zhejiang Cenway New Synthetic Material Co. Ltd., Panjin Heyun Industrial
Group Co., Ltd. and Royal Adhesives & Sealants, LLC. The report depicts the current scenario of
all these players along with their future strategies during the forecast period.