Global Chlorobutyl Rubber Market Outlook 2018-2023

Global Chlorobutyl Rubber Market is expected to grow at a significant CAGR of 5.6% by 2023 as the scope and its applications are rising enormously across the globe. Chlorobutyl Rubber is termed as rubber obtained by reacting butyl rubber with chlorine in a continuous process. It is resistant to fire and steam, with low gas permeability, and have excellent ozone resistance. It has advanced adhesion, increased cure reactivity, and higher compatibility with unsaturated polymers in comparison with butyl rubber. 

It is appropriate for articles that need low permeability to liquids and gases such as membranes, tire inner liners, seals, and hoses. It has a high demand from rubber processing industry for the production of medical items and rubber technical items. It is also used by tire industry for the production of inner liner of the radial tires and tubeless tires. Chlorobutyl Rubber Market is segmented based on product type, application, and region.

Tire liners, hoses, seals, and other product types could be explored in Chlorobutyl Rubber in the forecast period. The market may be categorized based on applications like industrial, automotive, medical, and others could be explored in Chlorobutyl Rubber in the forecast period.

Chlorobutyl Rubber Market is segmented geographically into Americas (North America, and Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Latin America (Mexico, Argentina, and Brazil), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).

The key players of Chlorobutyl Rubber Market are Sibur, ExxonMobil Chemical, Sinopec Beijing Yanshan, ARLANXEO, Panjin Heyun Industrial, and Zhejiang Cenway. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition. 

Global chlorobutyl rubber market is anticipated to grow at a CAGR of 5.6% by 2023, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (automotive, medical, industrial, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the chlorobutyl rubber market on a global and regional level. The study provides historic data of 2013-2017 along with a forecast from 2018 to 2023 based on both output/volume and revenue. The study then describes the drivers and restraints for the chlorobutyl rubber market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the chlorobutyl rubber market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global chlorobutyl rubber market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the automotive, medical, industrial, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global chlorobutyl rubber market.

Key Applications
- Automotive
- Medical
- Industrial

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- ExxonMobil Chemical
- ARLANXEO
- Zhejiang Cenway
- Panjin Heyun Industrial
- Sinopec Beijing Yanshan
- NKNK
- Sibur
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Key Questions Answered in this Report
- What will the market size be in 2023?
- What are the key factors driving the global chlorobutyl rubber market?
- What are the challenges to market growth?
- Who are the key players in the chlorobutyl rubber market?
- What are the market opportunities and threats faced by the key players?