Polyisobutylene Global Market Report 2024

Description

“Polyisobutylene Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on polyisobutylene market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for polyisobutylene? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The polyisobutylene market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Product: Conventional PIB; Highly Reactive PIB
2) By Molecular Weight: Low Molecular Weight; Medium Molecular Weight; High Molecular Weight
3) By Application: Tires And Tubes; Adhesives; Sealants; Lubricants; Electrical Insulation; Stretch Wrap
4) By End User Industry: Industrial; Food; Other End User Industries
Companies Mentioned: Badische Anilin und Soda Fabrik Societas Europaea; TPC Group; Lubrizol Corporation; INEOS Group Limited; Kothari Petrochemicals Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Polyisobutylene is a synthetic polymer based on isobutylene and is commonly employed as a film-forming agent, binder, and nonaqueous viscosity-increasing compound in the cosmetics industry.

The primary products of polyisobutylene include conventional PIB and highly reactive PIB. Highly reactive polyisobutylene is characterized by double bonds that are terminally positioned. It is further categorized based on its molecular weight into low, medium, and high molecular weight varieties. These different forms find applications in a range of industries, including tires and tubes, adhesives, sealants, lubricants, electrical insulation, and stretch wrap. Polyisobutylene is utilized by various end-users, including industrial, food, and other sectors.

The polyisobutylene market research report is one of a series of new reports from The Business Research Company that provides polyisobutylene market statistics, including polyisobutylene optical components industry global market size, regional shares, competitors with a polyisobutylene market share, detailed polyisobutylene market segments, market trends and opportunities, and any further data you may need to thrive in the polyisobutylene industry. This polyisobutylene market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The polyisobutylene market size has grown strongly in recent years. It will grow from $2.49 billion in 2023 to $2.65 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth observed in the historical period can be attributed to various factors, including an increase in the use of polyisobutylene in lubricant and fuel additives, the expansion of construction and infrastructure projects, a rise in the demand for industrial rubber, increased applications in polymer modification, growth in the adhesives and sealants industry, and the implementation of stringent regulations in the chemical industry.

The polyisobutylene market size is expected to see strong growth in the next few years. It will grow to $3.4 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The anticipated growth in the forecast period can be attributed to advancements in polymer science, an increasing demand for biodegradable polymers, a focus on sustainable packaging solutions, a rise in the demand for synthetic rubber, and an increased demand for high-performance lubricants. Major trends expected in the forecast period include technological innovations in tire manufacturing, advancements in polymer modification techniques, the utilization of high molecular weight polyisobutylene (PIB), globalization and market expansion, and ongoing technological innovations in PIB production processes.

The polyisobutylene market is set to experience growth, driven by the increasing demand for tires and tubes. Tires and tubes are integral automotive components facilitating transportation, and polyisobutylene, a synthetic rubber, plays a crucial role in the production of tire inner tubes for various vehicles. Its ability to act as an effective barrier against the passage of oxygen makes it a preferred choice. With the rising demand for tires and tubeless tires, as indicated by the expected total tire shipments in the United States reaching 342.1 million units in 2022, up from 335.2 million units in 2021, the polyisobutylene market is witnessing considerable growth.

The polyisobutylene market is propelled by increasing demand in the construction industry. Polyisobutylene finds extensive use in anticorrosion coatings, pastes, glues, and coatings crucial for construction purposes. The construction industry's growth, exemplified by a 4% increase in the construction of housing units in 2021, totaling 1,337,800 new housing units, further contributes to the demand for polyisobutylene.

The polyisobutylene market experiences growth due to heightened demand for personal care products. These products, encompassing skincare, haircare, and oral care items, utilize polyisobutylene to create protective layers or films in various formulations. The increased consumer expenditure on personal care products, rising by 12.3 percent to $866 in 2022 from $771 in 2021, reflects the growing demand driving the polyisobutylene market.

A key trend in the polyisobutylene market is the focus on product innovations by major players. These innovations aim to introduce features such as high elongation qualities, elasticities, and faster processing times. For instance, BASF SE launched OPPANOL C in February 2021, a novel and easier-to-process polyisobutylene. This product's unique features, including one-inch chips for easy processing and reduced product development time, contribute to sustaining the market position.

Moreover, major companies in the polyisobutylene market are introducing new products, such as PIB R-01, to maintain their market standing. PIB R-01, launched by Kothari Petrochemicals in February 2021, is a high-quality polyisobutylene suitable for pest management products and tacky-stretchable glue. Specifically designed for use in pest and rodent trap glue pads, PIB R-01 combines immediate grip with remarkable stretchability to effectively address rodent and pest infestations in households and commercial establishments.

Major companies operating in the polyisobutylene market report are Badische Anilin und Soda Fabrik Societas Europaea, TPC Group, Lubrizol Corporation, INEOS Group Limited, Kothari Petrochemicals Limited, Braskem, ENEOS Corporation, Janex S.A., RB Products Inc., Chevron Corporation, Mayzo Inc., Reliance Industries Limited, Evonik Industries AG, KEMAT N.V, Santa Cruz Biotechnology Inc, Daelim Industrial Company Ltd, ExxonMobil, Lanxess, Dowpol Corporation, The Lubrizol Corporation, Infineum, Shandong Hongrui New Material Technology, Afton Chemical Corporation, Zhejiang Shunda New Material, SABIC, Kemipex, FERRO-PLAST S.r.l., SpecialChem, Chemspec Ltd., Jilin Petrochemical Company, Efremov Synthetic Rubber Enterprise Company, Naxant, Connect Chemicals, JXTG Nippon Oil & Energy Corporation .

Asia-Pacific was the largest region in the polyisobutylene market in 2023. Asia-Pacific is expected to be the fastest-growing region in the polyisobutylene market during the forecast period. The regions covered in the polyisobutylene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the polyisobutylene market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The polyisobutylene market consists of sales of polyisobutylene synthesized using raw materials such as 1-butene, isobutylene, and 2-butene. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11246

1. Executive Summary

2. Polyisobutylene Market Characteristics

3. Polyisobutylene Market Trends And Strategies

4. Polyisobutylene Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Polyisobutylene Market Size and Growth

5.1. Global Polyisobutylene Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Polyisobutylene Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Polyisobutylene Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Polyisobutylene Market Segmentation

6.1. Global Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Conventional PIB
Highly Reactive PIB
6.2. Global Polyisobutylene Market, Segmentation By Molecular Weight, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Low Molecular Weight
Medium Molecular Weight
High Molecular Weight
6.3. Global Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Tires And Tubes
Adhesives
Sealants
Lubricants
Electrical Insulation
Stretch Wrap
6.4. Global Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Industrial
Food
Other End User Industries

7. Polyisobutylene Market Regional And Country Analysis

7.1. Global Polyisobutylene Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Polyisobutylene Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Polyisobutylene Market

8.1. Asia-Pacific Polyisobutylene Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Polyisobutylene Market

9.1. China Polyisobutylene Market Overview
9.2. China Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Polyisobutylene Market

10.1. India Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Polyisobutylene Market

11.1. Japan Polyisobutylene Market Overview
11.2. Japan Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Polyisobutylene Market

12.1. Australia Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Polyisobutylene Market

13.1. Indonesia Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Polyisobutylene Market

14.1. South Korea Polyisobutylene Market Overview
14.2. South Korea Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Polyisobutylene Market

15.1. Western Europe Polyisobutylene Market Overview
15.2. Western Europe Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Polyisobutylene Market

16.1. UK Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Polyisobutylene Market

17.1. Germany Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Polyisobutylene Market

18.1. France Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Polyisobutylene Market

19.1. Italy Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Polyisobutylene Market

20.1. Spain Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Polyisobutylene Market

21.1. Eastern Europe Polyisobutylene Market Overview
21.2. Eastern Europe Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Polyisobutylene Market

22.1. Russia Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Polyisobutylene Market

23.1. North America Polyisobutylene Market Overview
23.2. North America Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Polyisobutylene Market

24.1. USA Polyisobutylene Market Overview
24.2. USA Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Polyisobutylene Market

25.1. Canada Polyisobutylene Market Overview
25.2. Canada Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Polyisobutylene Market

26.1. South America Polyisobutylene Market Overview
26.2. South America Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Polyisobutylene Market

27.1. Brazil Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Polyisobutylene Market

28.1. Middle East Polyisobutylene Market Overview
28.2. Middle East Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Polyisobutylene Market

29.1. Africa Polyisobutylene Market Overview
29.2. Africa Polyisobutylene Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Polyisobutylene Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Polyisobutylene Market, Segmentation By End User Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Polyisobutylene Market Competitive Landscape And Company Profiles

30.1. Polyisobutylene Market Competitive Landscape
30.2. Polyisobutylene Market Company Profiles
- 30.2.1. Badische Anilin und Soda Fabrik Societas Europaea
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. TPC Group
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Lubrizol Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. INEOS Group Limited
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Kothari Petrochemicals Limited
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Polyisobutylene Market Competitive Benchmarking

32. Global Polyisobutylene Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Polyisobutylene Market

34. Polyisobutylene Market Future Outlook and Potential Analysis

34.1 Polyisobutylene Market In 2028 - Countries Offering Most New Opportunities
34.2 Polyisobutylene Market In 2028 - Segments Offering Most New Opportunities
34.3 Polyisobutylene Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer