Packaging Industry Trends Butyl Rubber Market Trends Report & Forecast, 2019 | Page 2

Browse Complete Summary of this report @ http://bit.ly/360lbZl Fluctuation in feedstock prices may hamper butyl rubber market in the coming years. Isobutylene, one of the raw materials used in butyl rubber manufacturing, has been witnessing very unstable prices since past few years. These petrochemical derivatives experience periodic fluctuation in demand and thus their prices are greatly affected, which ultimately affects IIR production and supply. On the basis of type, the butyl rubber market is segmented into regular, chlorinated and brominated butyl rubber. Chlorinated and brominated types fall under the halogenated butyl rubber category. These halogenated butyl rubbers cure much faster than regular butyl rubber and can be covulcanised with highly unsaturated elastomers. Chlorinated butyl rubber is likely to expand with significant CAGR during the forecast timespan. The product has various application and is mainly categorized into sealants for roof repair, tire liners, medical equipment, mechanical goods and others. Other segment includes consumer and industrial goods. The tire liners segment will be experiencing prominent growth in the coming years owing to huge demand from automotive sector globally. Mechanical goods are also an important segment in this market. Asia Pacific, mainly due to China, will be leading global butyl rubber market, in terms of production and demand over the forecast duration. China has an extensive base of mechanical and consumer goods manufacturers. Moreover, due to cost competitive raw materials and labor, China manufactures and supplies butyl rubber components and goods at low prices to various nations across the globe The butyl rubber industry is very competitive and multi-national giants have a wide distribution network coupled with extensive product lines, which gives them a competitive edge over others in this industry. ExxonMobil and Lanxess are two such important players of this industry. Other companies operational in this industry include Sinopec Beijing Yanhua Petrochemical Company Limited, Rishiroop Group, Kiran Rubber Industries Pvt. Ltd. and Timco Rubber. Request for A Sample Copy of This Report@ http://bit.ly/2OHOgCK Partial Chapter of the Table of Content: Butyl Rubber Market, By Type, 2014-2025 (Tons) (USD Million) • • • Regular butyl rubber Chlorinated butyl rubber Brominated butyl rubber © 2019 Global Market Insights Inc. All Rights Reserved www.gminsights.com