Butyl Rubber Market Size:
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The Butyl Rubber Market size was valued at USD 3.9 Billion in 2023. It is expected to grow to USD 6.9 Billion by 2032 and grow at a CAGR of 6.3% over the forecast period of 2024-2032.
The rising demand for butyl rubber is attributed to the increasing demand for high-performance materials in the automotive industry. Butyl rubber is most highly regarded for certain characteristics, such as low gas permeability, outstanding heat resistance, and strong durability; tires are also a perfect application for butyl rubber. With consumers and manufacturers focusing on sustainability and cost savings, Kalrez is widely used in tire inner linings to seal air, decrease rolling resistance, and lower fuel consumption
According to the International Organization of Motor Vehicle Manufacturers (OICA), global vehicle production reached approximately 87 million vehicles in 2022, marking a significant increase after pandemic-related disruptions. This uptick in production highlights the growing demand for automotive components, including tires made with butyl rubber.
Butyl rubber demand in the medical sector has witnessed a considerable surge owing to its ability to resist chemical action, do not react, and superb sealing characteristics, making it suitable for manufacturing medical-grade products including gloves, seals and gaskets. As the pandemic led to a massive uptick in the demand for medical gloves, butyl rubber emerged as a highly desired glove material, providing an exceptional barrier and protection from contaminants. The continuous emphasis on creating sterilized spaces in hospitals and clinics also enabled the healthcare domain to demand more butyl rubber to manufacture gaskets and seals for medical devices. The global trend towards cleanliness and safety in healthcare systems will drive the demand for butyl across the medical sector, although fewer centers are likely to create a vacuum in terms of innovation in medicals among the other sectors of the utilization of butyl rubber, where the inertness of a material becomes a non-issue in health applications for butyl rubber with increasing attention.
The World Health Organization (WHO) reported the rise in demand continued post-pandemic, with healthcare spending in the U.S. reaching an all-time high of USD 4.3 trillion in 2022, according to the Centers for Medicare & Medicaid Services (CMS). This growth has continued to bolster the medical-grade products market, including those made with butyl rubber.
Drivers
Increasing the use of industrial and consumer goods drives the market growth.
The high-usage butyl rubber in various industrial and consumer markets is doing good business to grow the market. Butyl rubber offers flexibility, durability, and good sealing properties and therefore has been used in a variety of products since its discovery and has found a range of applications beyond automotive and medical. It has great environmental resistance against moisture, heat, and chemicals making it an obvious choice in adhesives, sealants, and gaskets for long-lasting durable function in industrial applications. Rising consumption of quality adhesives and sealants in the construction, packaging, and electronics industries has also been driving the butyl rubber marketplace. Further, butyl rubber is also utilized in the production of consumer goods such as footwear, toys, and sporting equipment, due to its durability and comfort. Moreover, butyl rubber is expected to witness steady demand from these application segments owing to rising industrialization in developing businesses and rising consumer preference for long-lasting high-quality performing products.
The U.S. Census Bureau reports that the construction industry in the U.S. alone reached a value of USD 1800 Billion in 2022, continuing to grow due to infrastructure investments and demand for residential and commercial buildings.
Restraint
Fluctuating raw material prices hampers the market growth.
The primary raw material for butyl rubber production, isobutene, is obtained from petroleum and natural gas, and therefore, fluctuations in raw material prices are a major restraint for the global butyl rubber market. Petroleum prices are extremely sensitive and fluctuate depending on the geopolitical situation in different parts of the world, imbalances between global supply and demand, and supply chain disruptions. Such fluctuations may increase the production cost uncertainty experienced by rubber manufacturers which makes maintaining price stability, a challenge. Higher raw material costs typically translate into pressure to increase end-product prices, such as tires and medical goods, reducing demand in price-sensitive markets. At the same time, worsening this uncertainty prevents manufacturers from predicting prices to estimate costs and makes long-term production planning more complicated, impeding investments and innovation.
Market segmentation
By Product
In 2023, chloro butyl rubber held a dominant revenue share of 46% in the market. Chloro butyl rubber market demand is driven by the steadily growing automotive sector Owing to the high-performance vehicle production proliferation. The heat, chemical, and aging resistance of this material makes it well suited for use in float or tire inner liners and the like, and in other automotive components. Furthermore, the growing focus on fuel economy and lower emissions further fuels demand for quality tire materials such as chloro butyl rubber, as it helps maintain tire pressure and increases its lifetime. Moreover, the material demonstrates substantially improved adhesion characteristics over typical butyl rubber which ensures better bonding to a variety of substrates and materials.
By Application
The tires & lubes segment held the largest market share around 48% in 2023. The material is ideal for tire making due to its excellent air retention, durability, and aging characteristics. It helps provide long-term tire pressure maintenance, fuel economy, and longevity, making it useful particularly in traditional as well as EVs (Electric vehicles). The global automotive industry has witnessed exponential growth along with all time high vehicle production, which in turn increases the demand for high-quality tires, thereby bolstering the demand for butyl rubber. At the same time, the increased attention being paid to fuel and environmental sustainability created by the rising popularity of EVs has made for tires with low rolling resistance, another point where butyl rubber shines. Butyl rubber is primarily used in tires; however, the product is also used in lubricants, which bolster the butyl rubber market share in the segment. However, the continuous growth of the automotive industry coupled with technological innovations in tire performance, will continue to hold it as the most dominant application for the butyl rubber market, Tires & Lubes during the forecast years.
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Regional Analysis
North America held the largest market share around 48% in 2023. The USA is one of the largest producers and consumers of tires in the world and plays a major role in this dominance contributing to the production of butyl rubber as an important input in tire production. A big part of that growth in the U.S. automobile market is complemented by an ever-growing need for tires that are durable and fuel-efficient, both of which depend on butyl rubber for its unique attributes of excellent air retention and durability. Furthermore, Demand for butyl rubber in North America is mainly driven by the use of butyl rubber in medical applications especially in the manufacture of medical gloves, seals, and gaskets which became one of the prime contribution areas of the use industry and will maintain their moderately growing trend in coming years as well. In addition, the presence of a developed infrastructure in North America and the increasing use of butyl rubber in industrial applications including adhesives & sealants, supports the market in North America. Moreover, the North America market is driven by the continuous innovations in manufacturing along with the presence of the key players in the region which further aids in the growth of the North America market. North America is expected to continue to drive the butyl rubber market, as strict government regulations are focusing on the use of high standard materials in automobiles and other sectors, and the industrial activities continue to grow.
Key Players
ExxonMobil Chemical (Butyl Rubber, Bromobutyl Rubber)
Lanxess AG (Butyl Rubber, Halobutyl Rubber)
Reliance Industries (Butyl Rubber, Chlorinated Butyl Rubber)
Goodyear Tire & Rubber (Butyl Rubber, High Performance Butyl Rubber)
Sibur Holding (Butyl Rubber, Isobutylene-Isoprene Rubber)
Chinese National Petroleum Corporation (CNPC) (Butyl Rubber, Chlorinated Butyl Rubber)
JSR Corporation (Butyl Rubber, Halobutyl Rubber)
Kraton Polymers (Hydrogenated Butyl Rubber, Synthetic Rubber)
Kumho Petrochemical (Butyl Rubber, Butyl Rubber for Tires)
LG Chem (Butyl Rubber, Halobutyl Rubber)
Marubeni Corporation (Butyl Rubber, Brominated Butyl Rubber)
TSRC Corporation (Butyl Rubber, Halogenated Butyl Rubber)
Mitsui Chemicals (Butyl Rubber, Synthetic Rubber)
Bridgestone Corporation (Butyl Rubber, Ultra-High Performance Butyl Rubber)
Tire and Rubber Products, Inc. (TRP) (Butyl Rubber, Chlorobutyl Rubber)
Sasol Limited (Butyl Rubber, Isobutene-Butylene Rubber)
Royal Dutch Shell (Butyl Rubber, Chlorinated Butyl Rubber)
BASF (Butyl Rubber, Synthetic Rubber)
Arlanxeo (Butyl Rubber, Hydrogenated Butyl Rubber)
Mitsubishi Chemical Corporation (Butyl Rubber, High Performance Butyl Rubber)
Recent Development:
In 2023, Goodyear introduced a new line of fuel-efficient tires incorporating advanced butyl rubber compounds that improve air retention, durability, and overall performance. This initiative aligns with their strategy to meet growing demand for sustainable and energy-efficient solutions in the automotive sector, particularly with the rise of electric vehicles (EVs).
In 2022, ExxonMobil, a significant player in the butyl rubber market, launched an improved high-performance butyl rubber product line in 2022. This development focuses on providing better weathering resistance, enhanced durability, and low rolling resistance for tires, addressing the automotive industry’s evolving needs for eco-friendly and long-lasting products.
In 2023, Reliance Industries, through its subsidiary Reliance Sibur Elastomers, ramped up its production of butyl rubber at its joint venture plant in India. The company aims to cater to the growing automotive market in India and Southeast Asia, driven by increasing vehicle production and a surge in demand for tires with better durability and fuel efficiency.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 3.9 Billion |
| Market Size by 2032 | US$ 6.9 Billion |
| CAGR | CAGR of6.3% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | •By Product (Regular Butyl, Bromo Butyl, Chloro Butyl) • By Application (Tires & Lubes, Adhesives, Sealants, Stoppers, Industrial & Medical Gloves, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | ExxonMobil Chemical, Lanxess AG, Reliance Industries, Goodyear Tire & Rubber, Sibur Holding, Chinese National Petroleum Corporation (CNPC), JSR Corporation, Kraton Polymers, Kumho Petrochemical, LG Chem, Marubeni Corporation, TSRC Corporation, Mitsui Chemicals, Bridgestone Corporation, Tire and Rubber Products, Inc. (TRP), Sasol Limited, Royal Dutch Shell, BASF, Arlanxeo, Mitsubishi Chemical Corporation. and Others |
| Key Drivers | • Increasing the use of industrial and consumer goods drives the market growth. |
| Restraints | •Fluctuating raw material prices hampers the market growth. |
Ans: The Butyl Rubber Market was valued at USD 3.99 Billion in 2023.
Ans: The expected CAGR of the global Butyl Rubber Market during the forecast period is 6.3%.
Ans: The tires & lubes application will grow rapidly in the Butyl Rubber Market from 2024-2032.
Ans: Increasing the use of industrial and consumer goods drives the market growth.
Ans: The U.S. led the Butyl Rubber Market in the Asia Pacific region with the highest revenue share in 2023.
Table of Content
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
3.1 Market Driving Factors Analysis
3.1.2 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 PESTLE Analysis
3.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Production Capacity and Utilization, by Country, By Type, 2023
5.2 Feedstock Prices, by Country, By Type, 2023
5.3 Regulatory Impact, by l Country, By Type, 2023.
5.4 Environmental Metrics: Emissions Data, Waste Management Practices, and Sustainability Initiatives, by Region
5.5 Innovation and R&D, Type, 2023
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new Product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Butyl Rubber Market Segmentation, By Product
7.1 Chapter Overview
7.2 Regular Butyl
7.2.1 Regular Butyl Market Trends Analysis (2020-2032)
7.2.2 Regular Butyl Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Bromo Butyl
7.3.1 Bromo Butyl Market Trends Analysis (2020-2032)
7.3.2 Bromo Butyl Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Chloro Butyl
7.4.1 Chloro Butyl Market Trends Analysis (2020-2032)
7.4.2 Chloro Butyl Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Butyl Rubber Market Segmentation, by Application
8.1 Chapter Overview
8.2 Tires & Lubes
8.2.1 Tires & Lubes Market Trends Analysis (2020-2032)
8.2.2 Tires & Lubes Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Adhesives, Sealants, Stoppers
8.3.1 Adhesives, Sealants, Stoppers Market Trends Analysis (2020-2032)
8.3.2 Adhesives, Sealants, Stoppers Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Industrial & Medical Gloves
8.4.1 Industrial & Medical Gloves Market Trends Analysis (2020-2032)
8.4.2 Industrial & Medical Gloves Market Size Estimates and Forecasts to 2032 (USD Billion)
8.5 Others
8.5.1 Others Market Trends Analysis (2020-2032)
8.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Regional Analysis
9.1 Chapter Overview
9.2 North America
9.2.1 Trends Analysis
9.2.2 North America Butyl Rubber Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.2.3 North America Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.2.4 North America Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.5 USA
9.2.5.1 USA Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.2.5.2 USA Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.6 Canada
9.2.6.1 Canada Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.2.6.2 Canada Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.2.7 Mexico
9.2.7.1 Mexico Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.2.7.2 Mexico Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3 Europe
9.3.1 Eastern Europe
9.3.1.1 Trends Analysis
9.3.1.2 Eastern Europe Butyl Rubber Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.1.3 Eastern Europe Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.3.1.4 Eastern Europe Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.5 Poland
9.3.1.5.1 Poland Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.3.1.5.2 Poland Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.6 Romania
9.3.1.6.1 Romania Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.3.1.6.2 Romania Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.7 Hungary
9.3.1.7.1 Hungary Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.3.1.7.2 Hungary Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.8 Turkey
9.3.1.8.1 Turkey Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.3.1.8.2 Turkey Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.1.9 Rest of Eastern Europe
9.3.1.9.1 Rest of Eastern Europe Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.3.1.9.2 Rest of Eastern Europe Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2 Western Europe
9.3.2.1 Trends Analysis
9.3.2.2 Western Europe Butyl Rubber Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.3.2.3 Western Europe Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.3.2.4 Western Europe Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.5 Germany
9.3.2.5.1 Germany Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.3.2.5.2 Germany Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.6 France
9.3.2.6.1 France Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.3.2.6.2 France Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.7 UK
9.3.2.7.1 UK Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.3.2.7.2 UK Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.8 Italy
9.3.2.8.1 Italy Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.3.2.8.2 Italy Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.9 Spain
9.3.2.9.1 Spain Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.3.2.9.2 Spain Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.10 Netherlands
9.3.2.10.1 Netherlands Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.3.2.10.2 Netherlands Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.11 Switzerland
9.3.2.11.1 Switzerland Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.3.2.11.2 Switzerland Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.12 Austria
9.3.2.12.1 Austria Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.3.2.12.2 Austria Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.3.2.13 Rest of Western Europe
9.3.2.13.1 Rest of Western Europe Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.3.2.13.2 Rest of Western Europe Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4 Asia Pacific
9.4.1 Trends Analysis
9.4.2 Asia Pacific Butyl Rubber Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.4.3 Asia Pacific Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.4.4 Asia Pacific Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5 China
9.4.5.1 China Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.4.5.2 China Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.6 India
9.4.5.1 India Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.4.5.2 India Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.5 Japan
9.4.5.1 Japan Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.4.5.2 Japan Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.6 South Korea
9.4.6.1 South Korea Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.4.6.2 South Korea Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.7 Vietnam
9.4.7.1 Vietnam Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.2.7.2 Vietnam Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.8 Singapore
9.4.8.1 Singapore Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.4.8.2 Singapore Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.9 Australia
9.4.9.1 Australia Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.4.9.2 Australia Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.4.10 Rest of Asia Pacific
9.4.10.1 Rest of Asia Pacific Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.4.10.2 Rest of Asia Pacific Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Trends Analysis
9.5.1.2 Middle East Butyl Rubber Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.1.3 Middle East Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.5.1.4 Middle East Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.5 UAE
9.5.1.5.1 UAE Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.5.1.5.2 UAE Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.6 Egypt
9.5.1.6.1 Egypt Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.5.1.6.2 Egypt Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.7 Saudi Arabia
9.5.1.7.1 Saudi Arabia Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.5.1.7.2 Saudi Arabia Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.8 Qatar
9.5.1.8.1 Qatar Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.5.1.8.2 Qatar Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.1.9 Rest of Middle East
9.5.1.9.1 Rest of Middle East Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.5.1.9.2 Rest of Middle East Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2 Africa
9.5.2.1 Trends Analysis
9.5.2.2 Africa Butyl Rubber Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.5.2.3 Africa Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.5.2.4 Africa Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.5 South Africa
9.5.2.5.1 South Africa Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.5.2.5.2 South Africa Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.5.2.6 Nigeria
9.5.2.6.1 Nigeria Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.5.2.6.2 Nigeria Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6 Latin America
9.6.1 Trends Analysis
9.6.2 Latin America Butyl Rubber Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
9.6.3 Latin America Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.6.4 Latin America Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.5 Brazil
9.6.5.1 Brazil Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.6.5.2 Brazil Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.6 Argentina
9.6.6.1 Argentina Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.6.6.2 Argentina Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.7 Colombia
9.6.7.1 Colombia Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.6.7.2 Colombia Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Butyl Rubber Market Estimates and Forecasts, Product (2020-2032) (USD Billion)
9.6.8.2 Rest of Latin America Butyl Rubber Market Estimates and Forecasts, by Application (2020-2032) (USD Billion)
10. Company Profiles
10.1 ExxonMobil Chemical
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Product / Services Offered
10.1.4 SWOT Analysis
10.2 Lanxess AG
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Product / Services Offered
10.2.4 SWOT Analysis
10.3 Reliance Industries
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Product / Services Offered
10.3.4 SWOT Analysis
10.4 Goodyear Tire & Rubber
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Product / Services Offered
10.4.4 SWOT Analysis
10.5 Sibur Holding
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Product / Services Offered
10.5.4 SWOT Analysis
10.6 Chinese National Petroleum Corporation
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Product / Services Offered
10.6.4 SWOT Analysis
10.7 JSR Corporation
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Product / Services Offered
10.7.4 SWOT Analysis
10.8 Kraton Polymers
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Product / Services Offered
10.8.4 SWOT Analysis
10.9 Kumho Petrochemical
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Product / Services Offered
10.9.4 SWOT Analysis
10.10 LG Chem
10.10.1 Company Overview
10.10.2 Financial
10.10.3 Product / Services Offered
10.10.4 SWOT Analysis
11. Use Cases and Best Practices
12. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Product
Regular Butyl
Bromo Butyl
Chloro Butyl
By Application
Tires & Lubes
Adhesives, Sealants, Stoppers
Industrial & Medical Gloves
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
The Rodenticides Market size was valued at USD 5.53 billion in 2023. It is estimated to hit USD 8.68 billion by 2031 and grow at a CAGR of 5.7% over the forecast period of 2024-2031.
The Titanium Dioxide Market Size was valued at USD 20.24 billion in 2023 and is expected to reach USD 34.78 billion by 2032, and grow at a CAGR of 6.2% over the forecast period 2024-2032.
The Long-chain Polyamide Market Size was valued at USD 2.42 billion in 2022, and is expected to reach USD 3.72 billion by 2030, and grow at a CAGR of 5.5% over the forecast period 2023-2030.
Octyl Alcohol Market Size was valued at USD 6.6 Billion in 2023 and is expected to reach USD 8.4 Billion by 2032 and grow at a CAGR of 2.7% over the forecast period 2024-2032.
The Biosurfactants Market size was USD 4.50 billion in 2023 and is expected to Reach USD 11.38 billion by 2031 and grow at a CAGR of 12.3% over the forecast period of 2024-2031.
The Bio-Based Leather Market Size was valued at USD 110 million in 2023. It is projected to reach USD 380.9 million by 2032 and grow at a CAGR of 14.8% over the forecast period 2024-2032.
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