According to IMARC Group latest report titled “Polyisobutylene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on polyisobutylene market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global polyisobutylene market size reached US$ 2.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.9 Billion by 2027, exhibiting a growth rate (CAGR) of 4.87% during 2022-2027.
Polyisobutylene (C4H8) n represents a non-toxic, tasteless, versatile, transparent, and odorless viscoelastic polymer. It is produced by the cationic polymerization of isobutylene (C4H8) and is used as a modifier for various sealants and adhesives. Polyisobutylene provides water repellency to enhance viscosity-index and offers high-temperature resistance and excellent electrical insulation. It is highly resistant to alkalis, acids, and salt solutions and soluble in hydrocarbons, ether, and chlorinated hydrocarbons. In addition, polyisobutylene is gas permeable and holds air for a longer time, which makes (C4H8) n ideal for several applications in the automotive industry.
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Market Trends:
The escalating demand for passenger and commercial vehicles across the globe, owing to the increasing population, is among the primary factors driving the polyisobutylene market. Besides this, the elevating requirement for (C4H8) n in the manufacturing of tubeless tires, on account of its high gas permeability and resistance to water, is further augmenting the market growth. Moreover, the growing popularity of polyisobutylene in the telecommunication industry to produce optical fibers is also catalyzing the global market. Apart from this, the rising shift in consumer preference toward electric vehicles (EVs) with tubeless tires to minimize drag and maintenance is acting as another significant growth-inducing factor. Additionally, the expanding construction, remodeling, and renovation activities of residential and commercial buildings are propelling the need for adhesives and sealants, which is also stimulating the market growth. Furthermore, the extensive utilization of (C4H8) n in the cosmetic industry to formulate personal care products, the emerging trend of industrialization, and the increasing advancements in production technologies are expected to bolster the polyisobutylene market in the coming years.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Lanxess
- BASF
- Daelim Industrial Co., Ltd.
- Reliance Industries Limited
- Lubrizol
Polyisobutylene Market Segmentation:
Our report has categorized the market based on region, product, end use industry and application.
Breakup by Product:
- Conventional PIB
- Highly Reactive PIB
Breakup by End Use Industry:
- Transportation Sector
- Industrial
- Food
- Others
Breakup by Application:
- Tires
- Lube Additives
- Fuel Additives
- 2-Stroke Engines
- Industrial Lubes & Others
- Adhesives & Sealants
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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