Global Butyl Rubber market will reach 5.78 billion by 2023

Author: QYResearch  |   Published Date: 2018-04-24   |   Views: 335

Publisher: QYResearch

Published Date: 2018-04-23


Butyl rubber can be compounded with fillers and other modifiers and then vulcanized into practical rubber products. Owing to its excellent air retention, butyl rubber is the preferred material for inner tubes in all but the largest sizes. It also plays an important part in the inner liners of tubeless tires. (Because of poor tread durability, all-butyl tires have not proved successful.) IIR is also used for many other automobile components, including window strips, because of its resistance to oxidation. Its resistance to heat has made it indispensable in tire manufacture, where it forms the bladders that retain the steam or hot water used to vulcanize tires.

The market for butyl rubber is highly concentrated with limited players. The largest producers of butyl rubber in the worldwide are ExxonMobil, Lanxess, PJSC NizhneKamskneftekhim, JSR, Sibur, Sinopec Beijing Yanshan, Zhejiang Cenway Synthetic New Material and Panjin Heyun Group. Production of butyl rubber is North America. Europe, Japan and China are also major producing area of butyl rubber. Since the production of butyl rubber requires high technical experience, the competition would be moderate in the future.

The global Butyl Rubber market is valued at USD 4.10 billion in 2016 and is expected to reach USD 5.78 billion by the end of 2023, growing at a CAGR of 5.00% between 2017 and 2023.

The Global Butyl Rubber Sales Market Report 2018 report released by QYResearch provides a basic overview of the Butyl rubber industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Butyl rubber industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Click to view the full report:http://www.qyresearchglobal.com/goods-1437597.html
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