Demand for halo butyl rubber in India stood at more
than 45 KTPA in 2018 and is projected to grow at a healthy CAGR during 2019-2030.
Halogenated butyl rubber has higher impermeability to gases and greater air retention
property than butyl rubber. Halo butyl rubber is majorly used for the
manufacturing of tires, inner liners of tires & tubes, pharmaceutical stoppers
and industrial rubber products. Moreover, the use of halo butyl rubber is
increasing for the manufacturing of sports ball bladders along with pharmaceutical
products such as stoppers and rubber products like sealing medicine, vials and
bottles, etc., which is further likely to propel demand for halo butyl rubber
during forecast period.
As of now, India
is totally dependent on imports for halo butyl rubber. Domestic demand is
fulfilled by importing the products from overseas countries. Reliance
industries limited in partnership with SIBUR has formed a joint venture, named Reliance
Sibur Elastomers Private Limited, in which Reliance Industries Limited holds a
major share of 74.9% and 25.1% share is held by SIBUR. Reliance Sibur
Elastomers Private Limited production plant is located at Jamnagar, Gujarat and
has a total annual production capacity of 60,000 metric tonnes per annum of halo
butyl rubber. While the company’s halo butyl plant is likely to start
operations by the end of 2019. With the commissioning of halo butyl rubber
plant, India’s dependency on imports for halo 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 halo butyl rubber production,
demand, inventory, and demand-supply gap in India.
- To categorize demand for halo
butyl rubber based on end use, sales channel and
region.
- To study trade dynamics
and company share in India halo butyl rubber market.
- To identify major customers
of halo butyl rubber in India.
- To evaluate and forecast halo
butyl rubber pricing in India.
- To identify and profile
major companies operating in India halo butyl rubber market.
- To identify major developments,
deals and expansion plans in India halo butyl rubber market.
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Report Scope:
In this report, India halo butyl rubber market has been segmented into
following categories:
Some of the major players operating in India halo
butyl rubber market are Sibur, Exxonmobil
Chemical, Lanxess, Arlanxeo,JSR,
Sinopec Beijing Yanshan, Formosa Synthetic Rubber Corporation, Zhejiang Cenway
New Materials Co., Ltd, Panjin Heyun Industrial Group Co., Ltd, etc.
To extract data for India halo 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 halo butyl rubber market over the coming years.
TechSci Research calculated demand
for halo 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:
- Halo butyl rubber manufacturers and
other stakeholders
- Organizations,
forums and alliances related to halo 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 halo 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 sales@techsciresearch.com