Polyisobutylene Market

SKU: DMCH397 | Last Updated On: Jan 05 2023 | Available Formats

> Polyisobutylene Market Expected to reach a high CAGR of 5.33% By 2029

Polyisobutylene Market is segmented By Molecular Weight (Low, Medium, High), By Application (Tires & Tubes, Automotive, Lubricants, Adhesives & Sealants, Others), By End-user (Transportation, Industrial, Food & Beverages, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

Polyisobutylene Market Overview

The Polyisobutylene Market is expected to grow at a CAGR of 5.33% during the forecasting period (2022-2029).

  • Polyisobutylene (PIB) is a very versatile, non-toxic, water-white viscous liquid and can increase tackiness, provide water-repellency, improve viscosity-index and it offers excellent electrical insulation.

  • It possesses various superior properties such as thermal stability, low gas permeability, dielectric, chemical resistance, tackiness, and non-toxicity.

  • It finds application in tires & tubes, automotive, adhesives and sealants, lubricants, and others. Furthermore, Enhanced PIB-based additives are also used in the automotive sector to protect the combustion chamber and the fuel intake system from this deposition.

Polyisobutylene Market Scope and Summary

Metrics

Details

Market CAGR

5.33%

Segments Covered

By Molecular Weight, By Application, By End-User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

 

To Get a Free Sample Click here

 

Polyisobutylene Market Dynamics and Trends

The increasing number of applications for these additives will propel market growth. The use of Polyisobutylene as an additive in the manufacture of lubricant oils and motor fuels is another critical factor stoking the development of this market. However, the risk of spilling polyisobutylene is the primary factor restraining the increase of the polyisobutylene market across the world.

Polyisobutylene Market Segmentation Analysis

  • By molecular weight, the polyisobutylene market is bifurcated into low & medium, and high. Among all others, Medium molecular-weight polyisobutylene dominated the market.

  • The medium molecular weight polyisobutylene is used to adjust properties such as flexibility, elongation, cohesive strength, and gas barrier performance.

  • It is a viscosity modifier, tack improver in adhesive formulations, and primary binder in caulking and sealing compounds. Medium molecular weight polyisobutylene is also employed in fuel and lubricating oil additives. These properties are expected to help drive medium molecular weight polyisobutylene during the forecast period.

  • The global polyisobutylene market is classified based on application into tires and tubes, automotive, lubricants, adhesives and sealants, and others. Of these, the segment of tires and tubes dominated the polyisobutylene market in 2016 regarding volume.

  • The segment is expected to stay in the lead over the report’s forecast period. Furthermore, polyisobutylene is preferably used in automobiles as it improves the viscosity index of gear oils and acts as a thickener in greases and smoke suppressant in 2-stroke oils. These factors are expected to drive the growth of the global Polyisobutylene market.

  • By the end-user industry, the polyisobutylene market is segmented into transportation, industrial, food & beverage, and others. Among all others, the transportation industry dominated the market.

  • The demand for polyisobutylene is majorly driven by the growth of the transportation industry across developing regions such as the Asia Pacific and Latin America. Moreover, the colossal manufacture and sales of the automobile segment in North America have considerably contributed to the demand for tires in the US. Owing to the escalating demand, the market for PIB is also estimated to experience a surge in the future.

Global Polyisobutylene Market Geographical Share

  • Geographically, the global polyisobutylene market has been segmented into North America, Europe, Asia-pacific, South America, and the Rest of the World. Among all the regions, Asia Pacific currently holds supremacy contributing the leading revenue to the global polyisobutylene market.

  • Moreover, the rapidly expanding automotive and tire and tubes industry in emerging economies such as India, China, and Thailand coupled with the rising disposable income of the consumers is driving the market.

  • In the upcoming years, the polyisobutylene market in North America is expected to expand at a notable pace, whereas the polyisobutylene market in Europe is anticipated to grow at a relatively low pace over the forecast period.

  • While Europe has been a traditional region for the production and consumption of various chemicals, a shift in production from developed to emerging nations is hampering the market attractiveness of the area.

Polyisobutylene Market Companies and Competitive Analysis

  • LANXESS, EYYon Mobil Corporation, INEOS Capital Limited, TPC Group, Lubrizol Corporation, BASF, XJ Nippon Oil & Energy Corporation, Shandong Hongrui Petrochemical Co. Ltd, Zhejiang Shunda New Material Co, and Infineum International Limited are among the few critical operating players in the global polyisobutylene market.

  • In May 2015, BASF and Lanxess signed an agreement, according to which BASF purchased the polyisobutylene business that mainly consists of the intellectual property for new technology to produce high molecular weight polyisobutylene. Under this agreement, Lanxess will manufacture the new polyisobutylene for BASF.

Why Purchase the Report?

• Identify commercial opportunities in Global Ferric Chloride Market by analyzing trends and co-development deals.

• Excel data sheet with thousands of data points of the Global Ferric Chloride Market by segmentation level.

•  PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

•  Product mapping in excel for the critical ferric chloride of all major market players.

Target Audience

  • Raw Material Suppliers/ Buyers

  • Product Suppliers/ Buyers

  • Industry Investors/Investment Bankers

  • Education & Research Institutes

  • Research Professionals

  • Emerging Companies

  • Manufacturers

 

Frequently Asked Questions

What is the Polyisobutylene Market growth?

The market is growing at a CAGR of 5.33%.

What is the Polyisobutylene Market size in 2021?

The Market size was valued at USD YY million in 2021.

Who are the key players in the Surface Disinfectant Market?

Major Players are LANXESS, EYYon Mobil Corporation, INEOS Capital Limited, TPC Group, Lubrizol Corporation, BASF, JX Nippon Oil & Energy Corporation, Shandong Hongrui Petrochemical Co. Ltd, Zhejiang Shunda New Material Co, and Infineum International Limited.

 

Trending Topics

Chlorinated Polyethylene Market

Polyvidone Market

Polyvinyl Chloride Market 

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report

20% Discount Applied*



Note*: For "Bundle/Bulk" Subscription of Reports,
please contact: [email protected]

Get your free sample proposal with a single click!

linkedinpinterest