8 February 2019: 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.
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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.
Use of chlorobutyl rubber offers advantages such as higher
impermeability, cure versatility, better cure rate, cure compatibility,
superior adhesion, and higher heat resistance. Additionally, early adoption of
chlorobutyl rubber provides constant inflation pressure, longer life span, and
heat stability for automobile tires. These factors are expected to drive the
growth of market in the upcoming years. The chlorobutyl rubber is largely used
during production of automobile tires.
Applications of chlorobutyl rubber in automotive sector
involves production of tire inner liners, hoses, seals and membranes. The
chlorobutyl rubber is also used for production of pharmaceutical products such
as stoppers and rubber articles that offer higher resistance to chemicals and
weathering. Other application of chlorobutyl rubber include tank linings,
conveyor belts, and protective clothing.
The key players in the chlorobutyl rubber market are
ExxonMobil Chemical Co., ARLANXEO B.V., Cenway Polymer (Shanghai) Co., Ltd., Panjin
Heyun Industrial Group Co., Ltd., Sinopec Beijing Yanshan Petrochemical Co.,
Ltd., PJSC Nizhnekamskneftekhim, and PJSC SIBUR Holding.
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