The Global Polyisobutylene (PIB) Market is forecasted to reach USD 4.24 Billion by 2028, according to a new report by Reports and Data.
Polyisobutylene (PIB) is a commercial polymer used in multiple sectors due to its flexibility, thermal stability, and impermeability to gases. It is also used for the manufacture of tubeless tires as it is able to hold air for a longer period of time.
Polyisobutylene (PIB) includes oxidation resistance, improved stability, and superior impermeability. Improvement in weathering resistance for the manufacture of pharmaceutical stoppers, construction sealants, hosepipes, and various mechanical goods is expected to encourage the growth of the market. Polyisobutylene (PIB) is used as a sealant in the sealing of photovoltaic system panels. This is owing to its improved properties of electrical insulation and resistance to gasses, and water vapor.
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Top Players in the Global Polyisobutylene (PIB) Market:
BASF SE, TPC Group Inc., Ineos Group, Braskem, Exxon Mobil, Lanxess AG, Chevron Oronite Company LLC, Infineum International Ltd., the Lubrizol Corporation, and Berkshire Hathaway Inc.
Expansion of the automotive industry in emerging nations such as the Middle East and the Asia Pacific is boosting the market in the region. On account of improving the road infrastructure, increase in spending ability and rise in ownership of vehicles per person is fueling the market for Polyisobutylene (PIB). The rapid growth of end user including automotive and construction sector is further encouraging the market.
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Market segmentation based on
Molecular Weight Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Low Molecular Weight
- Medium Molecular Weight
- High Molecular Weight
Product Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Conventional PIB
- Highly Reactive PIB
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Tires
- Lubes Additives
- Fuel Additives
- 2-Stroke Engines
- Industrial Lubes and Others
- Adhesives and Sealants
End-Use Industry Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- Automotive
- Industrial
- Food
- Pharmaceuticals
- Constructions
- Cosmetics
- Sporting Goods
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2020-2028)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Polyisobutylene (PIB) market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global Polyisobutylene (PIB) market?
- Which regional market is expected to lead in terms of revenue share in the global Polyisobutylene (PIB) market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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