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Synthetic rubber, Hypalon, used in different end-use industries for resistant to ozone, weather, water and aging; has gained momentum in the emerging economies in the recent years. The use of versatile materials is amplifying the growth of the global market for Hypalon owing to the rising demand of Hypalons in industrial applications. The global Hypalon market houses over a hundred small and large players across the globe. Advanced Hypalon technology has replaced many levels of materials over the decade due to its ease of use and high-tech and high-performance manufacturing technology. Awareness about Hypalons among the end-use industries has resulted in amplified demand for the Hypalon, and the sales volume of the Hypalon over the past two-three years substantiates the same.
The global Hypalon market is likely to create a significant incremental opportunity in several end-use industries across the globe mainly by 2028 over 2018 owing to rising growth for the industrial sector in emerging economies. Also, the global market for Hypalon is estimated to witness a healthy CAGR during the forecast period from 2018 to 2028. The global Hypalon has grown significantly in potential countries, such as U.S., Germany, China, India, UK and France among other potential countries and is likely to witness a high growth during the forecast period. By regions, North America is expected to lead the global market for Hypalon over the forecast period followed by Europe and APEJ due to the significant presence of a manufacturing plant for Hypalon in these regions. The global market is anticipated to witness substantial growth in Latin America and Middle East & Africa region during the forecast period owing to the increasing penetration of prominent players and their sales in these regions.
Apart from tires, there has been a high demand from footwear and construction industries as well. China is expected to be driving the force of hypalon demand. China has the world’s largest automotive industry and is expected to consolidate its position over the forecast period. The highest demand for tires is expected to be generated from Asia Pacific region, especially China, India and Indonesia. Asia Pacific region is characterized by the growth of commercial heavy vehicles with improving economic conditions.
Moreover, there is a high demand for high-performance tires due to the labelling regulations in countries like Japan, Korea and EU. This has led to the growth in Solution-SBR (S-SBR) demand. S-SBR is expected to gain a substantial market share over the next six years.
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Growth of building and construction industry also augured well for the hypalon market. Hypalon finds use in sealing, electrical insulation, fire insulation and expansion joints among many others. Moreover, the growing disposable income levels have further boosted the demand for other applications like footwear and household appliances such as hoses, shock absorbers, sleeves, grommets and diaphragms. In spite of the growing demand for Hypalon, the market is restrained by its origin. Since Hypalon is a downstream derivative of petroleum, Hypalon experiences similar price volatility as its raw materials such as naphtha, benzene and ethylene. Additionally, the manufacture of Hypalon poses specific environmental concerns, which can restrain the market growth.
Despite the focus of players in North America, Hypalon manufacturers are largely focused in Asian countries, largely China and India. These Hypalon companies, over the past few years, have changed their external strategy towards the company’s expansion and mergers & acquisitions.
The research report presents a comprehensive assessment of the Bisglycinate market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Bisglycinate market segments such as geographies, and end-use industries.
The Bisglycinate market report covers exhaustive analysis on:
- Bisglycinate Market Segments
- Bisglycinate Market Dynamics
- Bisglycinate Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis for Bisglycinate Market includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru, Rest of Latin America)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics, Eastern Europe, Rest of Europe)
- CIS and Russia
- Asia-Pacific (China, India, ASEAN, South Korea, Australia & New Zealand, Rest of APEJ)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel, Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments of Bisglycinate. The report also maps the qualitative impact of various market factors on market segments and geographies.
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