Demand Scenario of Butyl Rubber Market to Remain Positive Through 2025
Posted by Bisvjeet on February 26th, 2019
RRI delivers key insights on the globalButyl Rubber market in its latest report entitled ‘Butyl Rubber Market: Global Industry Analysis 2012-2016 and Forecast, 2016–2024.’ The long-term outlook on the global Butyl Rubber market will remain positive, with the market value expected to increase at a CAGR of 4.7% during the forecast period 2017 – 2025. According to the product types, the halogenated butyl rubber segmentis expected to expand at a significant CAGR in terms of values& volume during the period.Based on application, tires and tubes segment is expected to witness a healthy CAGR in terms of volumes and valuesduring the forecast period.
Estimated Sales of Butyl Rubber in global market is valuedto be US$ 2,971.5Mn by the end of 2017, witnessing a Y-o-Y growth of 4.1%over the year 2016. APAC is expected to account for nearly 55% share in the global Butyl Rubber market by the end of 2017 and it is expected to retain their position during the forecast period.
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Global Butyl RubberMarket to Register a CAGR of 4.7% during 2017 – 2025; Upsurge in production capacity across the globe, leads to surpass the consumption by the end of 2025
Global Butyl Rubber Market Dynamics
Global Butyl Rubbers Market Forecast
Halo butyl rubber segment is projected to dominate the market in terms of values and volumes during the forecast period in the global butyl rubber market. Increasing demand for the bromo butyl rubber in the manufacturing of tire and tubes which in turn expected to drive the butyl rubber market. Moreover, consumption of chloro butyl rubber is expected to grow with the higher CAGR over the forecast period.
Asia Pacific region continue to dominate the global butyl rubber market during the forecast period followed. APAC and North America are estimated to grow with CAGR of 5.3%and 4.3% over the forecast period. China is expected to hold major revenue share in the APAC Butyl rubber market over the forecast period. In APAC, consumption of butyl rubber is expected to increase to 1.1MnTons by the end of 2027 from 0.7 Mn Tons in 2017.
Global Butyl Rubber Market Competitive Landscape
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Joined: March 7th, 2018
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