PUBLISHER: Grand View Research | PRODUCT CODE: 1889003
PUBLISHER: Grand View Research | PRODUCT CODE: 1889003
The NA & LATAM LMW conventional polyisobutylene market size was estimated at USD 22.7 million in 2024 and is projected to reach USD 50.4 million by 2033, growing at a CAGR of 9.2% from 2025 to 2033. The growing demand for automotive lubricants & fuel-additive formulations, as well as adhesives/sealants for construction and industrial maintenance, is expected to drive market growth in the coming years.
The NA and LATAM LMW conventional PIB market is driven by the lubricant and fuel additives sector, where PIB is used as a thickener, viscosity modifier, and detergent additive. Conventional and HR PIBs enhance fuel efficiency, reduce engine wear, and minimize carbon deposits, supporting performance improvements in automotive and industrial engines. Rising vehicle ownership in emerging economies and the global shift toward cleaner and more efficient engine oils are key factors sustaining demand. The introduction of advanced lubricants compatible with electric and hybrid vehicles is also stimulating PIB consumption, as manufacturers focus on additives that improve thermal stability and extend equipment life.
North America & Latin America LMW Conventional Polyisobutylene Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the North America & Latin America LMW conventional polyisobutylene market report based on molecular weight, application, and region: