"Innovative Market Solutions to Help Businesses Make Informed Decisions"
Polyisobutylene is a class of organic polymers that are manufactured by polymerizing isobutylene. They usually occur as gummy solids and the application of the polymer depends upon the molecular weight of the polymer. Polymer with low MW, a mixture of oligomers with 500 Mns is used as plasticizer while with greater Mns like >20000 are constituents of adhesives.
Increasing importance of isobutylene in tire industry for production of tubes and tires is expected to drive the market growth. Enhanced properties of polyisobutylene like impermeability to gases and moisture is one of the major factor influencing the demand for polyisobutylene. Increasing scope of applications like adhesives, sealants, additives, pharmaceutical stoppers, hosepipes and others shall fuel the market growth.
However, presence of other enhanced alternatives in market is a potential limiting factor for market growth. Stringent regulations regarding the use of polymers like polyisobutylene is likely to negatively impact market.
Key Market Driver -
Increasing demand for polyester fibers and PET bottles.
Key Market Restraint -
Hazardous nature and availability of safer and greener alternatives.
Based on product type, the global polyisobutylene market is segmented into low molecular weight, medium molecular weight, and high molecular weight. Based on application, market is segmented into automotive, additive, and other applications.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global Polyisobutylene market consists of global & regional players operating. Some of the key players in the market include BASF SE, INEOS, TPC Group, Lubrizol, Kothari Petrochemical, Daelim Industrial Company Ltd, ExxonMobil, Lanxess, and others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe was the largest market for polyisobutylene in 2015 with almost 43 % of share in global market by volume. It is expected to continue its dominance due to high demand for PIB from automotive sector. Asia Pacific is estimated to be one of the key market due to the rapid industrialization and improvement in the economic conditions. North America is expected to show considerable growth due to increasing demand for industrial sealants and adhesives. Latin America & Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
To gain extensive insights into the market, Request for Customization
By Product Type
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry