Global Butyl Rubber Market was valued at US$ 2.98 Bn in 2017 and is expected to reach US$ 5.28 Bn by 2026, at a CAGR of 7.41 % during a forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding butyl rubber market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focus on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies and regional presence. The report also provide PEST analysis, PORTER’s analysis, SWOT analysis to address question of shareholders to prioritizing the efforts and investment in near future to emerging segment in butyl rubber market.
Butyl rubber is a synthetic rubber or polymer and has different physical and chemical properties. Butyl rubber is linked with two monomers, isobutylene and isoprene. In manufacturing process of butyl rubber, the percentage of isoprene is very less as compared to isobutylene. Various uses of butyl rubber include high flexibility, air tight and gas impermeability (specific), biocompatibility, good vibration damper, good weathering, and chemical and heat resistance. Butyl rubber market spur worldwide on account of more product properties in comparison to natural rubber.
The market demand in medical products such as medical stoppers, sealing medicine vials, curing bladders and bottles, and others from developed economies are anticipated to open new avenues from the key players and entering in the market with new advance product. Due to several application of butyl rubber moderate growth was seen in North America and Europe.