The global Polyisobutylene market size is expected to be worth around US$ 5.60 billion by 2030, according to a new report by Vision Research Reports.
The global Polyisobutylene market size was valued at US$ 2.87 billion in 2020 and is anticipated to grow at a CAGR of 6.0% during forecast period 2021 to 2030.
|Market Size||US$ 5.60 Billion by 2030|
|Growth Rate||CAGR of 6.0% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||BASF SE; Daelim Co., Ltd.; TPC Group; INEOS; Kothari Petrochemicals; Braskem; ENEOS Corporation; Zhejiang Shunda New Material Co., Ltd.; Shandong Hongrui New Material Technology Co., Ltd.|
The growth of the market can be attributed to the use of polyisobutylene in various applications like adhesives and sealants, rubber automotive components, fuel additives, and lubricant additives. The tubeless tires have gained popularity in the automotive industry due to easy replacement and less maintenance. Polyisobutylene acts as a barrier to oxygen, making it a suitable material for the inner liner in tubeless tires. Polyisobutylene (PIB) exhibits low moisture and gas permeability and excellent insulation for electric current.
The COVID-19 drove a shift to remote working and increased voice traffic, residential broadband, and mobile data. The telecom industry responded favorably due to optical fibers usage to provide internet connections to ensure a positive user experience. The growth of the telecommunication industry is expected to drive the demand for polyisobutylene as a cable insulation material in electrical and electronics applications.
By Application Analysis
Lubricant additives dominated the market and accounted for a revenue share of more than 55.0% in 2020. Emerging market in Asia Pacific due to the increasing industrial production is anticipated to drive the demand for industrial oil products over the forecast period.
The automobile industry is witnessing rising demand for passenger and commercial vehicles for private and public transportations due to the growing population migration towards urban areas. Moreover, the growing e-commerce and logistics industry globally is expected to drive the consumption of commercial vehicles.
Due to its non-conductive electrical properties, together with its hydrophobic nature, polyisobutylene is used as a filling compound for copper and fiber optic cables. It is used to flood the armored layers within the cord to prevent water access and space the conductors.
By Regional Analysis
Asia Pacific dominated the market and accounted for a revenue share of more than 30.0% in 2020. The demand for polyisobutylene in Asia Pacific is primarily driven by the high demand from key industries, including automotive, construction, cosmetics, and aerospace, in emerging economies such as China and India.
The growing construction activities in Europe, coupled with the suitable measures such as tax breaks, incentives, and subsidies undertaken by several governments, are expected to boost the growth of the construction industry in the region.
Recovering the building and construction industry in Central and South America is expected to fuel the demand for polyisobutylene in applications, including manufacturing of adhesives and sealants and asphalt modifiers, used in various construction activities.
Daelim Co., Ltd.
Zhejiang Shunda New Material Co., Ltd.
Shandong Hongrui New Material Technology Co., Ltd.
High Molecular Weight
Medium Molecular Weight
Low Molecular Weight
Adhesives & Sealants
Automotive Rubber Components
Central & South America
Middle East & Africa
The Polyisobutylene market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Polyisobutylene market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Polyisobutylene market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Polyisobutylene market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Polyisobutylene market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Polyisobutylene capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Polyisobutylene by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Polyisobutylene market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Polyisobutylene market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Polyisobutylene market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Polyisobutylene industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Polyisobutylene market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Polyisobutylene market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Polyisobutylene market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Polyisobutylene market. These factors have benefited the growth of the global market for Polyisobutylene. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Polyisobutylene. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Polyisobutylene are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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