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Polyisobutylene Market Size, Growth, Share | Industry Trends 2022-2030

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The global Polyisobutylene market size is expected to be worth around US$ 5.60 billion by 2030, according to a new report by Vision Research Reports.

The global Polyisobutylene market size was valued at US$ 2.87 billion in 2020 and is anticipated to grow at a CAGR of 6.0% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size US$ 5.60 Billion by 2030
Growth Rate CAGR of 6.0% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned BASF SE; Daelim Co., Ltd.; TPC Group; INEOS; Kothari Petrochemicals; Braskem; ENEOS Corporation; Zhejiang Shunda New Material Co., Ltd.; Shandong Hongrui New Material Technology Co., Ltd.

Growth Factors

 The growth of the market can be attributed to the use of polyisobutylene in various applications like adhesives and sealants, rubber automotive components, fuel additives, and lubricant additives. The tubeless tires have gained popularity in the automotive industry due to easy replacement and less maintenance. Polyisobutylene acts as a barrier to oxygen, making it a suitable material for the inner liner in tubeless tires. Polyisobutylene (PIB) exhibits low moisture and gas permeability and excellent insulation for electric current.

The COVID-19 drove a shift to remote working and increased voice traffic, residential broadband, and mobile data. The telecom industry responded favorably due to optical fibers usage to provide internet connections to ensure a positive user experience. The growth of the telecommunication industry is expected to drive the demand for polyisobutylene as a cable insulation material in electrical and electronics applications.

By Application Analysis

Lubricant additives dominated the market and accounted for a revenue share of more than 55.0% in 2020. Emerging market in Asia Pacific due to the increasing industrial production is anticipated to drive the demand for industrial oil products over the forecast period.

The automobile industry is witnessing rising demand for passenger and commercial vehicles for private and public transportations due to the growing population migration towards urban areas. Moreover, the growing e-commerce and logistics industry globally is expected to drive the consumption of commercial vehicles.

Due to its non-conductive electrical properties, together with its hydrophobic nature, polyisobutylene is used as a filling compound for copper and fiber optic cables. It is used to flood the armored layers within the cord to prevent water access and space the conductors.

By Regional Analysis

Asia Pacific dominated the market and accounted for a revenue share of more than 30.0% in 2020. The demand for polyisobutylene in Asia Pacific is primarily driven by the high demand from key industries, including automotive, construction, cosmetics, and aerospace, in emerging economies such as China and India.

The growing construction activities in Europe, coupled with the suitable measures such as tax breaks, incentives, and subsidies undertaken by several governments, are expected to boost the growth of the construction industry in the region.

Recovering the building and construction industry in Central and South America is expected to fuel the demand for polyisobutylene in applications, including manufacturing of adhesives and sealants and asphalt modifiers, used in various construction activities.

Key Players

  • BASF SE
  • Daelim Co., Ltd.
  • TPC Group
  • INEOS
  • Kothari Petrochemicals
  • Braskem
  • ENEOS Corporation
  • Zhejiang Shunda New Material Co., Ltd.
  • Shandong Hongrui New Material Technology Co., Ltd.

Market Segmentation

  • By Product
    • High Molecular Weight
    • Medium Molecular Weight
    • Low Molecular Weight
  • By Application
    • Adhesives & Sealants
    • Automotive Rubber Components
    • Fuel Additives
    • Lubricant Additives
    • Others
  • Region
    • North America
      • U.S.
      • Canada
      •  Mexico
    • Europe
      • Italy
      •  France
    • Asia Pacific
      • China
      • India
    • Central & South America
      • Brazil
    • Middle East & Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Polyisobutylene Market, By Product

7.1.  Polyisobutylene Market, by Product, 2021-2030

7.1.1.    High Molecular Weight

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Medium Molecular Weight

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Low Molecular Weight

7.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Polyisobutylene Market, By Application

8.1.  Polyisobutylene Market, by Application, 2021-2030

8.1.1.    Adhesives & Sealants

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Automotive Rubber Components

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Fuel Additives

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Lubricant Additives

8.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Polyisobutylene Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Product (2017-2030)

9.1.2.    Market Revenue and Forecast, by Application (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Product (2017-2030)

9.2.2.    Market Revenue and Forecast, by Application (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Product (2017-2030)

9.3.2.    Market Revenue and Forecast, by Application (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Product (2017-2030)

9.4.2.    Market Revenue and Forecast, by Application (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Product (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Product (2017-2030)

9.5.2.    Market Revenue and Forecast, by Application (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Product (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Application (2017-2030)

Chapter 10.  Company Profiles

10.1.              BASF SE

10.1.1.  Company Overview

10.1.2.  Product Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Daelim Co., Ltd.

10.2.1.  Company Overview

10.2.2.  Product Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              TPC Group

10.3.1.  Company Overview

10.3.2.  Product Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              INEOS

10.4.1.  Company Overview

10.4.2.  Product Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              Kothari Petrochemicals

10.5.1.  Company Overview

10.5.2.  Product Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              Braskem

10.6.1.  Company Overview

10.6.2.  Product Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              ENEOS Corporation

10.7.1.  Company Overview

10.7.2.  Product Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.              Zhejiang Shunda New Material Co., Ltd.

10.8.1.  Company Overview

10.8.2.  Product Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

10.9.              Shandong Hongrui New Material Technology Co., Ltd

10.9.1.  Company Overview

10.9.2.  Product Offerings

10.9.3.  Financial Performance

10.9.4.  Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

12.2.              Glossary of Terms

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