Polyisobutylene Market is forecast to grow at a CAGR of 5.1% for the forecast period of 2018 to 2025 to an estimated value of USD 2.21 billion in 2017 due to accelerating demand for tire and tube manufacturing along with in medical packaging are driving the growth of the market.
The increasing demand for PIB from emerging economies and rising in demand transportation & construction industry will further boost various new opportunities that will fuel the growth of the polyisobutylene market in the above mentioned forecast period.
Polyisobutylene Market Scenario
According to Data Bridge Market Research the polyisobutylene market in developing regions is witnessing a growth in terms of its adoption rate, due to development and positive growth in adhesives & sealants industry. However, strict environmental legislations, high risk of PIB spill and developing low-cost production technologies will hamper the growth of the polyisobutylene market in the forecast period of 2018 to 2025.
Now the question is which are the regions that polyisobutylene market players should target? Data Bridge Market Research has forecasted large growth in Asia-Pacific because of rising demand for polyisobutylene from countries such India, China, South Korea, Thailand and Indonesia.
For more analysis on the polyisobutylene market, request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-polyisobutylene-market
Polyisobutylene Market Development
- In May 2020, BASF had launched an e-commerce portal for its new Oppanol polyisobutene product line in collaboration with Agilis Chemicals. This portal will allow US customers to order, track, and pay for polyisobutene products online. The launch and collaboration helps in maximizing the sales along with the revenue of the business.
Polyisobutylene Market Scope
Polyisobutylene market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa.
- All country based analysis of the polyisobutylene market is further analyzed based on maximum granularity into further 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.
- Polyisobutylene is a kind of commercial polymer or elastomer which is used in different applications in various industries due to its thermal constancy, elasticity and impermeability to gases and also it is the only rubber that is resistant to gases. The polyisobutylene is broadly used in transportation, industrial and food activates.
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Key Pointers Covered in the Polyisobutylene Market Industry Trends and Forecast to 2025
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the report
- ExxonMobil Corporation
- BASF SE
- Lanxess AG
- INEOS
- TPC Group
- Chevron Oronite Company LLC
- The Lubrizol Corporation
- Infineum International Ltd
- Berkshire Hathaway Inc
- Kothari Petrochemicals
- Sibur
Above are the key players covered in the report, to know about more and exhaustive list of polyisobutylene companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-polyisobutylene-market
Research Methodology of Global Polyisobutylene Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecast using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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