Aroma Chemicals Market
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In-depth analysis of Butyl Rubber Market 2020

Reports and Data’s recent report titled ‘Global Butyl Rubber Market Report Forecast to 2027’ gives a comprehensive outlook on the market and the changing business dynamics due to the COVID-19 pandemic. The report studies the current scenario to speculate the impact of COVID-19 on the prospective growth of the sector. It investigates key aspects like overall revenue, product offerings, product pipeline, technological innovations, recent business deals, research and development, and strategic initiatives like collaborations, mergers & acquisitions, joint ventures, etc. The accurate market estimations allow readers to understand the impact of the epidemic on the industry during the forecast period and leverage existing growth opportunities and prepare for forthcoming challenges.

This is the latest report updated with the ongoing COVID-19  pandemic and offers an in-depth analysis of its impact on the growth of the Butyl Rubber market in the forecast period.  The outbreak has affected almost all industries worldwide, and this report studies the changes brought about by the pandemic on the overall Butyl Rubber sector in the current as well as the following years. It also studies the changing dynamics of the global landscape to investigate the profit earned or loss suffered by different areas of the industry.

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Some key players mentioned in the report are:

Lanxess, JSR, Sinopec Beijing Yanshan, Sibur, Panjin Heyun Group, Zhejiang Cenway Synthetic New Material, Formosa Synthetic Rubber, ExxonMobil, PJSC NizhneKamskneftekhim, and Reliance Industries Limited, among others.

Product Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

  • Regular butyl
  • Bromo butyl
  • Chloro butyl

Applications Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

  • Tires & lubes
  • Adhesives, sealants, stoppers
  • Industrial & medical gloves
  • Others

End Users Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

  • Automotive
  • Healthcare
  • Consumer Goods
  • Construction
  • Rubber Industry
  • Others

The materials and chemicals sector plays a vital role in the manufacturing of several products like fertilizers, plastic, packaging products, and medicines, among others. The lockdown period, production in many end-user industries has been brought to a  halt, which has resulted in a drop in demand for chemicals. Some butadiene derivatives such as polybutadiene rubber and styrene-butadiene rubber are used in making tires and other automotive parts like belts or gaskets. With the halt in production in the automotive sector, there has been a decline in the demand for these chemicals.

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However, there is a substantial demand from the packaging sector, with the increasing need for packaging products to prevent the contamination of medicines, food, and other consumer goods. The petrochemical segment is expected to be the most affected, owing to the drop in the prices of crude oil. Geographically, the market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The regional landscape shows a significant growth in the Asia Pacific region in the forecast years. Chemical production facilities are primarily situated in leading countries like China, which is the eights largest importer and twelfth largest exporter of chemicals in the world, according to the International Council of Chemical Associations (ICCA). The region is expected to witness significant growth in the forecast duration. After the Asia Pacific region, the U.S. chemical sector will also display severe impacts of the pandemic.

On the basis of regions, the global Butyl Rubber market is segmented into:

  • North America
  • Asia Pacific
  • Latin America
  • Middle East & Africa

The Butyl Rubber Market Report investigates the current economic landscape by studying the value, volume, drivers, production capacity, constraints, revenue generated, production & consumption, import/export status, demand & supply ratio, CAGR, and others. The report also employs tools like SWOT examination and Porter’s Five Forces Analysis to get an in-depth understanding of the business domain.

Key questions addressed in the report:

  1. What is the market size calculated to be by the end of the forecast period?
  2. What are the recent developments in the Butyl Rubber sector?
  3. What does the COVID-19 impact analysis of the Butyl Rubber global landscape indicate?
  4. What are the growth opportunities observed in the sector?
  5. Who are the leading players contributing significantly to the overall market?
  6. What is the CAGR of the Butyl Rubber market expected to be by 2027?
  7. Which regions contribute the most to the overall market?
  8. Which factors are expected to hinder market growth in the coming years?
  9. What are the prevalent strategic alliances undertaken by leading companies?
  10. Which key trends are estimated to affect the future growth of the industry?

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