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Global Butyl Rubber Market 2020-2024 | Increasing Demand from the Medical and Healthcare Sector to Boost Growth | Technavio

November 21, 2019 GMT
Global Butyl Rubber Market 2020-2024 | Increasing Demand from the Medical and Healthcare Sector to Boost Growth | Technavio
Global Butyl Rubber Market 2020-2024 | Increasing Demand from the Medical and Healthcare Sector to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--Nov 21, 2019--

The global butyl rubber market is expected to post a CAGR of more than 3% during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global butyl rubber market 2020-2024 (Graphic: Business Wire)

Synthetic rubber exhibits superior resistance to heat, and abrasion, along with slow aging properties. These properties have increased the applications of synthetic rubber in several end-user industries such as the automotive, packaging and healthcare industries. Moreover, the fluctuation in the prices of natural rubber is compelling consumers to increase the use of synthetic rubber. With the rise in the manufacture of cars and commercial vehicles, the demand for synthetic rubber is bound to increase during the forecast period, thereby driving the growth of the market.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40176

As per Technavio, the increasing demand from the medical and healthcare sector will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2020-2024.

Global Butyl Rubber Market: Increasing Demand from the Medical and Healthcare Sector

Proteins present in natural rubber can cause allergic reactions, which is leading to the increasing use of butyl rubber in medical and healthcare applications. Butyl rubber is non-allergic, odorless, and does not undergo discoloration. Moreover, it also possesses several certain distinctive properties such as low tensile set properties, high resilience, and high elongation, which makes it highly suitable for use in the manufacture of products for the healthcare industry.

“Growing demand from the tire industry and rapid industrialization in emerging countries are other factors that will boost market growth during the forecast period”, says a senior analyst at Technavio.

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Global Butyl Rubber Market: Segmentation Analysis

This market report segments the global butyl rubber market by geography (APAC, Europe, MEA, North America, and South America) and application (tire, medical application, adhesives and sealants, and others).

The APAC region led the market in 2019, followed by North America, Europe, South America, and MEA respectively. During the forecast period, the APAC region is expected to maintain its dominance over the market. This is due to the rising adoption of automobiles in the region.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

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Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Customer Landscape

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendor Analysis

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191121005617/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:https://www.technavio.com/

KEYWORD:

INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 11/21/2019 01:30 PM/DISC: 11/21/2019 01:30 PM

http://www.businesswire.com/news/home/20191121005617/en