Polyisobutylene Business Market to Enter into Multi-Billion Business by 2025

The global Polyisobutylene market accounted for USD 2.21 billion in 2017 and is projected to grow at a CAGR of 5.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015, 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

This report focuses on the Polyisobutylene (PIB) in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

The growing demand for PIB-based fuel additives will drive the growth prospects for the global PIB market until the end of 2021.

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Major Market Drivers & Restraint:         

  • High demand for tire and tube manufacturing
  • Positive growth in adhesives & sealants industry
  • Increasing demand in medical packaging         
  • Stringent environmental legislations

The global polyisobutylene market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Key Competitors: 

  • ExxonMobil Corporation
  • BASF SE
  • Lanxess AG
  • INEOS
  • TPC Group
  • Chevron Oronite Company LLC
  • The Lubrizol Corporation
  • Infineum International
  • Berkshire Hathaway
  • Kothari Petrochemicals
  • Sibur and many more.

 

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Polyisobutylene, also known as "PIB" or polyisobutene, (C4H8)n, is the homopolymer of isobutylene, or 2-methyl-1-propene, on which butyl rubber is based. Butyl rubber is produced by polymerization of about 98% of isobutylene with about 2% of isoprene. Structurally, polyisobutylene resembles polypropylene, but has two methyl groups substituted on every other carbon atom, rather than one. Polyisobutylene is a colorless to light yellow viscoelastic material. It is generally odorless and tasteless, though it may exhibit a slight characteristic odor.

Polyisobutylene (PIB) is a commercial polymer or elastomer that is used in a number of applications in various industries due to its thermal stability, flexibility, and impermeability to gases. Polyisobutylene an elastomer or synthetic rubber is the only rubber that is impermeable to gases. There is a growing demand for polyisobutylene in transportation, industrial and food activates, which is expected to be one of the major drivers of the market over the next seven years

Market Segmentation:

The polyisobutylene market is segmented on the basis of molecular weight into

  • low MW PIB, medium MW PIB, and high MW PIB.

On the basis of product, the market is segmented into

  • conventional PIB and highly reactive PIB.

On the basis of application, the market is segmented into

  • tires, lube additives, fuel additives, stroke engines, industrial lubes & others and adhesives & sealants.

On the basis of end-user, the market is segmented into

  • transportation, industrial, food and others.

On the basis of geography, the polyisobutylene market report covers data points for 28 countries across multiple geographies such as

  • North America, South America, Europe, Asia-Pacific and Middle East & Africa.

Some of the major countries covered in this report are

  • U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

…And More GET DETAILED TOC AT: https://databridgemarketresearch.com/toc/?dbmr=global-polyisobutylene-market

Posted by on Saturday March 16 2019, 8:00 AM EDT. All trademarks acknowledged. Filed under Chemicals & Materials. Comments and Trackbacks closed. Follow responses: RSS 2.0

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