Butyl rubber market forecast with a CAGR of 4 percent through 2030
Butyl rubber is a type of synthetic rubber that has excellent air-retention properties, making it a popular material for manufacturing tire inner tubes, pharmaceutical stoppers, and other products requiring air-tight seals. The market leaders in butyl rubber are ExxonMobil, Sibur, and Lanxess, which collectively hold a significant share of the global market. Other players in the market include PJSC NizhneKamskneftekhim, JSR, Sinopec Beijing Yanshan, Formosa Synthetic Rubber (Ningbo), Zhejiang Cenway Synthetic New Material, and Panjin Heyun Group.
Read More