Global Polyisobutylene Market, By Molecular Weight (Low MW PIB, Medium MW PIB, High MW PIB), Product (Conventional PIB, Highly Reactive PIB) Application (Tires, Lube Additives, Fuel Additives, Stroke Engines, Adhesives and Sealants, Industrial Lubes, Others), End-user (Transportation, Industrial, Food, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights : Global Polyisobutylene Market
The polyisobutylene market is expected to witness market growth at a rate of 5.35% in the forecast period of 2022 to 2029. Data Bridge Market Research report on polyisobutylene market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for tire and tube manufacturing is escalating the growth of polyisobutylene market.
Polyisobutylene is known to be a commercial elastomer or polymer which is utilized in various applications in several industries because of its flexibility, thermal stability and impermeability to gases. It is a bright clear liquid which is found from polymerization of isobutene under catalyst system.
Major factors that are expected to boost the growth of the polyisobutylene market in the forecast period rise in the adhesives and sealants industry. Furthermore, the increase in the need in the automotive industry is further anticipated to propel the growth of the polyisobutylene market. Moreover, the growing need for polyisobutylene from construction industry is further estimated to cushion the growth of the polyisobutylene market. On the other hand, the strict environmental legislation in the industry is further projected to impede the growth of the polyisobutylene market in the timeline period.
In addition, the rise in the use of polyisobutylene in the industries will further provide potential opportunities for the growth of the polyisobutylene market in the coming years. However, the occurrence of alternatives/substitutes might further challenge the growth of the polyisobutylene market in the near future.
This polyisobutylene market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the polyisobutylene market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Polyisobutylene Market Scope and Market Size
The polyisobutylene market is segmented on the basis of molecular weight, product, end-user and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the polyisobutylene market is segmented into conventional PIB and highly reactive PIB.
- On the basis of end user, the polyisobutylene market is segmented into transportation, industrial, food and others.
- On the basis of molecular weight, the polyisobutylene market is segmented into low MW PIB, medium MW PIB and high MW PIB.
- On the basis of application, the polyisobutylene market is segmented into tires, lube additives, fuel additives, stroke engines, adhesives and sealants, industrial lubes and others.
Polyisobutylene Market Country Level Analysis
The polyisobutylene market is analyzed, and market size, volume information is provided by country, molecular weight, product, end-user and application as referenced above.
The countries covered in the polyisobutylene market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the polyisobutylene market due to the rise in the consumption of PIB-based butyl rubber in the production of automobile components, including hosepipes, gaskets, and window strips, due to its superior flexibility, thermal stability. Furthermore, the enhanced oxidation resistance will further boost the growth of the polyisobutylene market in the region during the forecast period. North America is projected to observe significant amount of growth in the polyisobutylene market due to the rise in the use of the product in several end-user industries such as automotive, marine, and packaging industry.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polyisobutylene Market Share Analysis
The polyisobutylene market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the polyisobutylene market.
Some of the major players operating in the polyisobutylene market are China Petroleum & Chemical Corporation, Royal Dutch Shell Plc, Eni S.p.A., Evonik Industries AG, Ineos Group AG, LANXESS, LG Chem, LyondellBasell Industries Holdings B.V., Nizhnekamskneftekhim., Repsol, SABIC, Dow, TPC Group, Formosa Plastics Corporation, U.S.A., ZEON Corporation., Shanghai Petrochemical, Borealis AG., Versalis S.p.A. Kothari Petrochemicals among others.
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