Research Reports
The Butyl Rubber Market To Be Revolutionized By IoT
Published by Persistence MarketResearch
Posted on October 7, 2021
3 min readLast updated: January 30, 2026
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Published by Persistence MarketResearch
Posted on October 7, 2021
3 min readLast updated: January 30, 2026
The butyl rubber market, driven by IoT, is expected to grow significantly, reaching over $4,200 Mn by 2025, with high demand from tire and pharmaceutical industries.
Butyl rubber is a synthetic rubber manufactured by the copolymerization of isobutylene with isoprene. Butyl rubber is mostly used in the tires and tubes industry. A new research report by Persistence market Research highlights the overall scenario as well as the forecast for the global butyl rubber market. The report further throws light on the key dynamics that are likely to impact the growth of the global butyl rubber market. According to the report titled “Butyl Rubber Market: Global Industry Analysis 2012-2016 and Forecast 2017-2025,” the global butyl rubber market is expected to reach a market valuation of over US$ 4,200 Mn by the end of 2025, growing at a CAGR of 4.7% during the forecast period.
The rise in demand for butyl rubber is due to its growing applications. The butyl rubber market is witnessing a rapid increase in demand from the pharmaceutical industry. Another driver of the market is an increase in the rate of tire replacements taking place in the automobile industry. With the projected growth of the market, manufacturers are focusing on increasing production capacity of butyl rubber to cater to the ever increasing demand in various applications. Global market companies are also planning their overseas business development and sales in addition to the domestic market.
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Butyl Rubber Market
Global Butyl Rubber Market: Segmental Analysis
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The post The Butyl Rubber Market To Be Revolutionized By IoT appeared first on Lake Shore Gazette.
The article discusses the impact of IoT on the growth of the butyl rubber market, forecasting significant expansion by 2025.
The tire and pharmaceutical industries are major drivers of demand for butyl rubber.
The APAC region is leading the butyl rubber market with the highest growth rate.
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