Demand for butyl rubber in India stood at more
than 60 KTPA in 2018 and is projected to grow at a healthy CAGR during 2019-2030.
Butyl rubber is used in numerous applications due to its property such as
excellent impermeability, flexible property and air retention. Butyl rubber is
vulcanized to produce durable rubber products. Butyl rubber is majorly used in
tires and inner tubes for tire manufacturing, tire curing bladders and pharmaceutical
closures as well as in the manufacturing of sports ball bladders.
As of now,
India is totally dependent on imports for butyl rubber. All the domestic demand
is fulfilled by importing the products from overseas countries. Reliance
industries Limited in partnership with SIBUR has formed a joint venture,
Reliance Sibur Elastomers Private Limited, in which Reliance Industries Limited
holds a major share of 74.9%, while the remaining 25.1% share is held by SIBUR.
Reliance
Sibur Elastomers Private Limited’s production plant is located at Jamnagar in Gujarat.
The plant, which will have a total
annual production capacity of 120,000 metric tonnes of butyl rubber, is
expected to be completed by the mid of 2019. While the company’s halo butyl
plant is likley to start operations by end-2019. With the commissioning of
butyl rubber plant, India’s dependency on imports for butyl rubber is expected
to decrease in the coming years.
Years Considered for this Report:
Historical Years: 2013 – 2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020 – 2030
Objective of the Study:
- The primary objective of the study was
to evaluate and forecast butyl rubber production, demand, inventory, and demand
– supply gap in India.
- To categorize demand for butyl rubber based
on end use, sales channel and region.
- To study trade dynamics and company
share in India butyl rubber market.
- To identify major customers of butyl
rubber in India.
- To evaluate and forecast butyl rubber pricing
in India.
- To identify and profile major companies operating
in India butyl rubber market.
- To identify major developments, deals
and expansion plans in India butyl rubber market.
Report Scope:
In this report, India butyl rubber market has been segmented into
following categories:
Some of the major players operating in India butyl
rubber market are Sibur, Exxonmobil Chemical, PJSC NizhneKamskneftekhim, Lanxess,
JSR, Sinopec Beijing Yanshan, Formosa Synthetic Rubber Corporation, Zhejiang
Cenway New Materials Co., Ltd and Panjin Heyun Industrial Group Co., Ltd.
To extract data for India butyl
rubber market, primary research surveys were conducted with manufacturers, suppliers,
distributors, wholesalers and end users of butyl rubber. While interviewing,
the respondents were also inquired about their competitors. Through this
technique, TechSci Research was able to include manufacturers that could not be
identified due to the limitations of secondary research. Moreover, TechSci
Research analyzed various end user segments and projected a positive outlook
for India butyl rubber market over the coming years.
TechSci Research calculated demand
for butyl rubber in India
by analyzing the historical data and demand forecast was carried out
considering the imports, consumption pattern and analyzing the demand by
tracking upcoming manufacturing units. TechSci Research sourced these values
from industry experts and company representatives and externally validated
through analyzing historical
sales data of respective manufacturers to arrive at the overall market size.
Various secondary sources such as company websites, association reports and
annual reports were also studied by TechSci Research.
Key
Target Audience:
- Butyl rubber manufacturers
and other stakeholders
- Organizations, forums and alliances related to
butyl rubber distribution
- Government bodies such as regulating
authorities and policy makers
- Market research organizations and consulting
companies
The study is useful in
providing answers to several critical questions that are important for industry
stakeholders such as butyl rubber manufacturers, distributors and policy makers.
The report also provides useful insights about which market segments should be
targeted over the coming years to strategize investments and capitalize on
growth opportunities.
Available Customizations:
With the given
market data, TechSci Research offers customizations according to a company’s
specific needs.
In case you can’t find what,
you are looking for then please get in touch with our custom research team at [email protected]