The global butyl rubber market valuation by 2025!

　
According to ongoing research on the market, the research institute expects that by the end of 2025, the global butyl rubber market will reach a value of more than 4.2 billion US dollars, with a compound annual growth rate of 4.7% during the forecast period.
The increase in the market value of butyl rubber is attributed to strong market demand, and the pharmaceutical industry and the tire industry are its two major consumer industries.
The increase in tire replacement rates has greatly increased the desire of global manufacturers to increase the production capacity of butyl rubber, enabling products to meet growing market demand, and they are also actively developing overseas business.
In terms of rubber type, halogenated butyl rubber is expected to have a market share of more than 3.5 billion US dollars by the end of 2025. The compound annual growth rate is 5.0% in the forecast period, of which brominated butyl has the largest contribution to the growth of the halogenated butyl rubber market.
In terms of regions, the Asia Pacific region leads the global market with high profit margins. It is estimated that by the end of 2025, the Asia Pacific butyl rubber market will reach a value of more than 2.4 billion US dollars, an increase of 5.3% in the forecast period.

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