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Base Year
Historical Year
Forecast Year
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.
Global Polyisobutylene Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 3.09 |
Market Size 2032 | USD Billion | 4.73 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 4.8% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 5.5% |
CAGR 2024-2032 - Market by Country | China | 5.3% |
CAGR 2024-2032 - Market by Country | Canada | 5.0% |
CAGR 2024-2032 - Market by Molecular Weight | High | 5.4% |
CAGR 2024-2032 - Market by Product Type | Highly Reactive PIB | 5.2% |
Market Share by Country 2023 | India | 4.1% |
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.
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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 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:
The major product types available in the market include:
The segmentation of the market, on the basis of end use, includes:
The significant applications of the product include:
CAGR 2024-2032 - Market by | Country |
China | 5.3% |
Canada | 5.0% |
UK | 4.4% |
Germany | 4.0% |
Australia | 3.8% |
USA | XX% |
France | XX% |
Italy | 3.4% |
India | XX% |
Saudi Arabia | XX% |
Brazil | XX% |
Mexico | XX% |
Japan | 3.3% |
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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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.
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:
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.
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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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