Product Code: ETC5251910 | Publication Date: Nov 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Bhawna Singh | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The butyl rubber market in Bhutan is in its nascent stage, with limited domestic production capabilities. Butyl rubber is primarily used in tire manufacturing, adhesives, and sealants, but Bhutan`s industrial sector is not yet fully developed to support large-scale manufacturing of these products. The market is largely dependent on imports to meet local demand. However, with infrastructure development and increased investment in industrial capabilities, there is potential for growth. The governments focus on promoting economic diversification could attract foreign investments into this sector.
The butyl rubber market in Bhutan is primarily driven by the rising demand in the automotive sector for tire manufacturing due to its excellent impermeability to gases and resistance to weathering and chemicals. Additionally, butyl rubber is extensively used in the construction industry for sealants and adhesives, further propelling its market growth. The expanding industrial applications, such as in pharmaceuticals for stoppers and seals, also contribute to the increased demand for butyl rubber.
The butyl rubber market in Bhutan is constrained by several factors. Firstly, there is a lack of local raw material sources, necessitating imports that increase production costs. The market also suffers from inadequate technological advancements and expertise in butyl rubber manufacturing, leading to reliance on outdated methods that are less efficient and cost-effective. Environmental regulations and the need for sustainable production practices pose additional challenges, requiring significant investment to meet compliance. Furthermore, the small scale of the market limits economies of scale, making it hard for local producers to compete with larger, more established international companies.
Bhutan`s industrial sector is still in the early stages of development, which affects the butyl rubber market. Government policies aim to attract foreign investment and technology transfer in the rubber industry to support the country`s growing automotive and manufacturing sectors. Efforts to improve infrastructure and provide incentives for setting up manufacturing units are part of the government`s strategy to boost industrialization and create employment opportunities.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bhutan Butyl Rubber Market Overview |
3.1 Bhutan Country Macro Economic Indicators |
3.2 Bhutan Butyl Rubber Market Revenues & Volume, 2021 & 2031F |
3.3 Bhutan Butyl Rubber Market - Industry Life Cycle |
3.4 Bhutan Butyl Rubber Market - Porter's Five Forces |
3.5 Bhutan Butyl Rubber Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Bhutan Butyl Rubber Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Bhutan Butyl Rubber Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bhutan Butyl Rubber Market Trends |
6 Bhutan Butyl Rubber Market Segmentations |
6.1 Bhutan Butyl Rubber Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Bhutan Butyl Rubber Market Revenues & Volume, By Regular Butyl Rubber, 2021-2031F |
6.1.3 Bhutan Butyl Rubber Market Revenues & Volume, By Halo Butyl Rubber, 2021-2031F |
6.1.4 Bhutan Butyl Rubber Market Revenues & Volume, By Bromo-Butyl Rubber, 2021-2031F |
6.1.5 Bhutan Butyl Rubber Market Revenues & Volume, By Chloro-Butyl Rubber, 2021-2031F |
6.2 Bhutan Butyl Rubber Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Bhutan Butyl Rubber Market Revenues & Volume, By Tires & Tubes, 2021-2031F |
6.2.3 Bhutan Butyl Rubber Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.4 Bhutan Butyl Rubber Market Revenues & Volume, By Adhesives & Sealants, 2021-2031F |
6.2.5 Bhutan Butyl Rubber Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.6 Bhutan Butyl Rubber Market Revenues & Volume, By Others, 2021-2031F |
7 Bhutan Butyl Rubber Market Import-Export Trade Statistics |
7.1 Bhutan Butyl Rubber Market Export to Major Countries |
7.2 Bhutan Butyl Rubber Market Imports from Major Countries |
8 Bhutan Butyl Rubber Market Key Performance Indicators |
9 Bhutan Butyl Rubber Market - Opportunity Assessment |
9.1 Bhutan Butyl Rubber Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Bhutan Butyl Rubber Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Bhutan Butyl Rubber Market - Competitive Landscape |
10.1 Bhutan Butyl Rubber Market Revenue Share, By Companies, 2024 |
10.2 Bhutan Butyl Rubber Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |