Market Research Blog

  Market Segmentation Based on the application, the market has been segmented into adhesive and sealants, tires and tubes, pharmaceuticals, industrial and medical gloves and others. The tire and tubes segment is expected to reach a market valuation above USD 4 billion by the end of forecast period.   Based on the type, the market has been segmented into bromobutyl, chlorobutyl and regular butyl. The bromobutyl currently commands the largest market share and is projected to surge at 5.21% CAGR, and acquire USD 2.2 billion. Market Overview The global butyl rubber market 2020 is expected to acquire USD 5.91 billion valuations at a 4.66% CAGR by 2030. Market Highlights Superior product properties relative to natural rubber are projected to have a positive scope for market growth over the review period in terms of tear strength, ageing, and heat resistance. The market is powered by the rising need for car tyres for new vehicles and the replacement of old tyres. Growing demand for OEM tyres

  Market Overview The global butyl rubber market 2021 is expected to acquire USD 5.91 billion valuations at a 4.66% CAGR by 2030. Market Highlights Superior product properties relative to natural rubber are projected to have a positive scope for market growth over the review period in terms of tear strength, ageing, and heat resistance. The market is powered by the rising need for car tyres for new vehicles and the replacement of old tyres. Growing demand for OEM tyres is projected to expand market growth over the coming years due to the increasing automotive industry. Butyl adhesive tapes are used for insulation purposes in electrical and electronic circuits, which are expected to have a positive scope for demand development. It is expected that growing hygiene issues and medical literacy among customers would propel medical gloves through clinics , hospitals, and veterinary health care organisations. Furthermore, the increasing usage of disposable surgical gloves is expected over the