Chlorobutyl Rubber Market Key Players, Trends, Growth
Opportunities and Industry Forecast till 2023
“The factors responsible for robust market growth include
soaring demand form automotive and pharmaceutical
sector.”
The Global Chlorobutyl Rubber Market is subject to witness a substantial growth due to the superior product
properties in comparison with natural rubber. The factors responsible for robust market growth include soaring
demand form automotive and pharmaceutical sector. Chlorobutyl rubber is an essential element for the
production of automobile tires.
Inner liner for tires are manufactured with the help of chlorobutyl rubber. In addition, increasing adoption of
original equipment manufacturer (OEM) tires by automobile manufactures is predicted to fuel the market
demand for chlorobutyl rubber in the upcoming years. Globally, the chlorobutyl rubber market is predicted to
generate massive revenue in the forecast period, providing numerous opportunities for market players to invest
in research and development of the chlorobutyl rubber.
Massive growth of automotive sector in BRICS economies such as Brazil, Russia, India, China and South Africa is
considered as major driving factor for the expansion of chlorobutyl rubber market, in the recent years.
Furthermore, high volatility in prices of natural rubber prices is leading to high-end demand for synthetic rubber.
Superior physical and mechanical properties of synthetic rubber in comparison with natural rubber is propelling
market demand further.
However, numerous laws & regulations by regional government authorities associated with excessive use of
synthetic rubber is limiting market potential to a certain extent. In addition, lower sustainability of synthetic
rubber compared to natural rubber and stringent laws against greenhouse gas emission such as isobutylene are
expected to restrain market growth over the forecast period.