Chlorobutyl Rubbrer Market
Chlorobutyl Rubbrer Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Chlorobutyl Rubbrer Market Size and Growth
The Chlorobutyl Rubber market is poised for growth, driven by increased demand in automotive and medical applications. Current market size is estimated at approximately $500 million, with projections indicating a CAGR of 4.5% over the next five years. Key trends include innovations in formulation and sustainability initiatives.
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Companies Covered
(Covid 19 Impact Covered)
◍ LANXESS
◍ Cenway
◍ ExxonMobil
◍ Japan Butyl
◍ Nizhnekamskneftekhim
The Chlorobutyl Rubber Market features key players like LANXESS, ExxonMobil, and ZEON, focusing on applications in tire manufacturing and adhesives. These companies foster growth by innovating products and expanding production capacities. Sales revenues include:
- LANXESS: ~$9 billion
- ExxonMobil: ~$413 billion
◍ China Petroleum And Chemical Corporation
- ZEON: ~$3.5 billion.
◍ ZEON
◍ LG
◍ SIBUR
◍ JSR Corporation
◍ Industrias Negromex
◍ Versalis
◍ Nitriflex
◍ ZANNAN
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Market Segmentation
By Application
Manufacturing Tires
Shock Absorbers
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By Product
Market Growth
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$ X Billion USD
