- In July 2023, Omsky Kauchuk, a subsidiary of the Titan Group, began constructing a 10-kiloton polyisobutylene (PIB) production plant and a technical butane processing facility in Omsk. This initiative is designed to reduce Russia's dependence on imports and utilize domestic technologies to enhance production efficiency
- In August 2023, BASF revealed a 25% increase in production capacity for its medium molecular weight polyisobutenes, branded as OPPANOL B, at its Ludwigshafen facility in Germany. This expansion was driven by the growing global demand for high-quality medium molecular weight polyisobutylene, which is utilized in applications like window sealants, surface protective films, and battery binder materials
- In September 2023, TPC Group completed the initial phase of its di-isobutylene (DIB) capacity upgrade. This milestone enables the company to address the increasing global demand for DIB, driven by the adoption of low global warming potential refrigerants
- In March 2023, Pidilite Industries announced its plan to manufacture Jowat’s hot melt adhesives in India. These adhesives will be produced at Pidilite's state-of-the-art facility in Vapi, Gujarat, and will be marketed under the Pidilite brand
- In July 2023, Kraton Corporation introduced a new range of polyisobutylene (PIB)-based adhesives and sealants tailored for the automotive and construction sectors. These innovative products are engineered to deliver exceptional performance and durability, aligning with the latest industry standards
Frequently Asked Questions
Rising use of polyisobutylene in sustainable and high-performance applications, is emerging as a pivotal trend driving the global polyisobutylene market.
The major factors driving the growth of the polyisobutylene market is growing demand from automotive and transportation industries.
the primary challenges include volatility in raw material prices and supply chain disruptions in the polyisobutylene market.
The automotive segment is expected to dominate the global polyisobutylene market, holding a major market share in 2025, due to the rising demand for lubricants, fuel additives, and sealants in vehicle manufacturing.
Asia-Pacific is the fastest growing region in the global polyisobutylene market due to rapid industrial expansion, increasing automotive production, and rising demand for adhesives, sealants, and lubricants across emerging economies. The region's ongoing infrastructure development and the growing presence of end-use industries such as construction, packaging, and transportation continue to drive strong market growth.
