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Global Polyisobutylene Market Size, Share, Growth, Forecast: By Molecular Weight: Low, Medium, High; By Product Type: Conventional PIB, Highly Reactive PIB; By End Use: Automobile, Industrial, Food, Others; By Application: Tires, Lube Additives, Fuel Additives, 2-Stroke Engines, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Polyisobutylene Market Outlook
The global polyisobutylene market stood at a value of more than USD 3.09 billion in 2023. The market is further expected to grow at a CAGR of 4.8% in the forecast period of 2024-2032 to attain a value of over USD 4.73 billion by 2032.
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Increased Demand for Highly Reactive Polyisobutylene to Aid the Market
The highly reactive PIB segment, based on type, accounts for a significant share in the market owing to the high viscosity and the ability of this type of polyisobutylene to deliver excellent results in lubricant thickening. In addition to this, the high reactivity of PIB, which is attributed to the terminal location of the double bonds, allows it to react more quickly, resulting in efficient and fast production of derivatives. This makes it ideal for the production of dispersants and detergents. Furthermore, the favourable properties of HR PIB, which include high degree elongation, moisture resistance, and good adhesion properties to multiple substrates makes it suitable for the production of sealants. Hence, this segment is anticipated to grow at a significant rate in the forecast period.
The Asia Pacific Accounts for a Significant Share in the Polyisobutylene Industry
The polyisobutylene industry in the Asia Pacific is driven by the expansion of large tube and tire manufacturing companies in the region owing to the thriving automotive sector in countries like India and China. In India, the increasing foreign direct investments (FDI) and the favourable government initiatives are likely to propel the demand for polyisobutylene in order to augment domestic manufacturing. The market in the region will further be aided by the rapid urbanisation and infrastructure development, which will generate the demand for polyisobutylene in various applications.
Polyisobutylene: Market Segmentation
Polyisobutylene is defined as a type of elastomer which is formed at a low temperature in the presence of metal halide, which acts as a catalyst. In other words, polyisobutylene is a polymer of isobutylene, which is generally used in the manufacture of synthetic rubber.
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Based on molecular weight, the market can be segmented into:
- Low
- Medium
- High
The major product types available in the market include:
- Conventional PIB
- Highly Reactive PIB
The segmentation of the market, on the basis of end use, includes:
- Automobile
- Industrial
- Food
- Others
The significant applications of the product include:
- Tires
- Lube Additives
- Fuel Additives
- 2-Stroke Engines
- Industrial Lubes
- Adhesives and Sealants
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Application of Polyisobutylene in the Automobile Sector to Boost the Growth of the Polyisobutylene Industry
The global polyisobutylene industry is driven by the rising application of the product in the automobile industry. In emerging economies, the rising demand for commercial automobiles for the transportation purpose and the growing popularity of passenger vehicles owing to the rising disposable income and rising leisure activities are likely to generate a significant demand for polyisobutylene in the forecast period. Furthermore, the rising industrial activities owing to the expansion of various sectors, including construction, are likely to boost the market growth.
Key Industry Players in the Global Polyisobutylene Market
The report gives a detailed analysis of the following key players in the global polyisobutylene market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- BASF SE
- Kothari Petrochemicals Limited
- Ineos Group Ltd
- Reliance Industries Limited.
- The Lubrizol Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Molecular Weight |
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| Breakup by Product Type |
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| Breakup by End Use |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Polyisobutylene Market Analysis
8.1 Key Industry Highlights
8.2 Global Polyisobutylene Historical Market (2018-2023)
8.3 Global Polyisobutylene Market Forecast (2024-2032)
8.4 Global Polyisobutylene Market by Molecular Weight
8.4.1 Low
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Medium
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 High
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.5 Global Polyisobutylene Market by Product Type
8.5.1 Conventional PIB
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Highly Reactive PIB
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Polyisobutylene Market by End Use
8.6.1 Automobile
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Industrial
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Food
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Polyisobutylene Market by Application
8.7.1 Tires
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Lube Additives
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Fuel Additives
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 2-Stroke Engines
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Industrial Lubes
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2023)
8.7.5.3 Forecast Trend (2024-2032)
8.7.6 Adhesives and Sealants
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2018-2023)
8.7.6.3 Forecast Trend (2024-2032)
8.7.7 Others
8.8 Global Polyisobutylene Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2023)
8.8.1.3 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2023)
8.8.2.3 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2023)
8.8.3.3 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2023)
8.8.4.3 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2023)
8.8.5.3 Forecast Trend (2024-2032)
9 North America Polyisobutylene Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Polyisobutylene Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Polyisobutylene Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Polyisobutylene Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Polyisobutylene Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code - 390220)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 BASF SE
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Kothari Petrochemicals Limited
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Ineos Group Ltd
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Reliance Industries Limited.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 The Lubrizol Corporation
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Others
19 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
List of Key Figures and Tables
1. Global Polyisobutylene Market: Key Industry Highlights, 2018 and 2032
2. Global Polyisobutylene Historical Market: Breakup by Molecular Weight (USD Billion), 2018-2023
3. Global Polyisobutylene Market Forecast: Breakup by Molecular Weight (USD Billion), 2024-2032
4. Global Polyisobutylene Historical Market: Breakup by Product Type (USD Billion), 2018-2023
5. Global Polyisobutylene Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
6. Global Polyisobutylene Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Polyisobutylene Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Polyisobutylene Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global Polyisobutylene Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global Polyisobutylene Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Polyisobutylene Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Polyisobutylene Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Polyisobutylene Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Polyisobutylene Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Polyisobutylene Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Polyisobutylene Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Polyisobutylene Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Polyisobutylene Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Polyisobutylene Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Polyisobutylene Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Polyisobutylene Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Major Importing Countries by Volume (2021)
23. Major Exporting Countries by Volume (2021)
24. Major Importing Countries by Value (2021)
25. Major Exporting Countries by Value (2021)
26. North America Historical Price Trends and Forecast 2018-2028
27. Europe Historical Price Trends and Forecast 2018-2028
28. Asia Pacific Historical Price Trends and Forecast 2018-2028
29. Latin America Historical Price Trends and Forecast 2018-2028
30. Middle East and Africa Historical Price Trends and Forecast 2018-2028
31. Global Polyisobutylene Market Structure
Key Questions Answered in the Report
In 2023, the global polyisobutylene market attained a value of more than USD 3.09 billion.
The market is estimated to grow at a CAGR of 4.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach over USD 4.73 billion by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major drivers of the market include the rising application of polyisobutylene in the industrial sector, rising demand for tires, and the growing automotive sector.
The rising investments by the manufacturers towards augmenting the supply chain management of the product to cater to its growing demand and the ongoing technological advancements are expected to be a key trend guiding the growth of the industry.
Low, medium, and high are the different segments based on molecular weight.
Conventional PIB and highly reactive PIB are the major product types of polyisobutylene.
Automobile, industrial, and food, among others are the significant end uses of the product.
Tires, lube additives, fuel additives, 2-stroke engines, industrial lubes, and adhesives and sealants, among others is the different applications in the polyisobutylene market.
The major players in the industry are BASF SE, Kothari Petrochemicals Limited, Ineos Group Ltd, Reliance Industries Limited., and The Lubrizol Corporation, among others.
Analyst Review
The global polyisobutylene market attained a value of more than USD 3.09 billion in 2023, driven by the rising application of polyisobutylene in the automobile sector. Aided by the growing investments towards R&D activities to reduce the manufacturing time and increase the efficiency of derivatives, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 4.8%. The market is projected to reach over USD 4.73 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on molecular weight, the market is divided into low, medium, and high. On the basis of type, the market is divided into conventional PIB and highly reactive PIB. The major end uses of the product include automobile, industrial, and food. The significant applications of the product include tires, lube additives, fuel additives, 2-stroke engines, industrial lubes, and adhesives and sealants, among others. The major regional markets for polyisobutylene are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include BASF SE, Kothari Petrochemicals Limited, Ineos Group Ltd, Reliance Industries Limited., and The Lubrizol Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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