Isobutylene-isoprene Market Trends, Revenue, Major Players, Share Analysis & Forecast Till 2028
Reports and Data estimates the global Isobutylene-isoprene Market competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Isobutylene-isoprene Market during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Lanxess, JSR, Sinopec Beijing Yanshan, Sibur, Panjin Heyun Group, Zhejiang Cenway Synthetic New Material, Formosa Synthetic Rubber, ExxonMobil, PJSC NizhneKamskneftekhim, and Reliance Industries Limited.
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Isobutylene-isoprene Market Overview :-
The global Isobutylene-isoprene market size was USD 3,906.7 million in 2020 and is expected to register a steady revenue CAGR of 7.4% during the forecast period. One of the major factors driving market revenue growth is growing demand for Isobutylene-isoprene in a wide range of industries including rubber, automotive, construction, textiles, pharmaceutical, and manufacturing industries.
Isobutylene-isoprene is a copolymer of isobutylene and is characterized by superior air-barrier performance, robust flex fatigue, and excellent vibration damping properties. Isobutylene-isoprene finds extensive application in automotive, manufacturing, and packaging industries owing to its robust heat and chemical resistance, temperature flexibility, and low permeability to moisture, gases, and vapors. It is widely used in products including coatings, wires & cables, gaskets, and footwear. In adhesives and sealants, Isobutylene-isoprene acts as a primary binder, tackifier, and modifier. Moreover, it is used in the manufacture of tubes & tires due to its high inflation pressure retention. Growing demand for Isobutylene-isoprene in the rubber industry, rapidly expanding automotive industry, and increasing use of Isobutylene-isoprene tires in passenger and commercial vehicles have significantly driven demand for the product.
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By Type Outlook
- Regular Isobutylene-isoprene
- Brominated Isobutylene-isoprene
- Chlorinated Isobutylene-isoprene
By Application Outlook
- Coatings
- Adhesives & Sealants
- Tubes & Tires
- Wires & Cables
- Gaskets
- Membranes
- Footwear
- Conveyer Belts
- Protective Clothing
- Others
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Isobutylene-isoprene Market during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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