Polyisobutylene Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025
Polyisobutylene (PIB) is a commercial polymer or elastomer that is used in a number of applications in various industries due to its thermal stability, flexibility, and impermeability to gases. Polyisobutylene an elastomer or synthetic rubber is the only rubber that is impermeable to gases, and was first developed in 1930’s. Polyisobutylene is used in the production of tubeless tires due to its ability to retain air for longer periods. Polyisobutylene is used in various other applications such as lubricants, adhesives, agricultural chemicals, caulks, sealants, paper & pulp, and chewing gum, among others. . Polyisobutylene is also used for damp proofing and maintenance of roof membranes. Rising automotive industry in developing regions such as Asia Pacific and Latin America is expected to propel the tire market during the forecast period. This is further anticipated to fuel the growth of the PIB market, owing to its use in tire manufacturing.
Medium molecular weight PIB are also primarily used to manufacture lubricants and adhesives. Demand for polyisobutylene is projected to increase significantly in the next few years considering the growth in the use of medium molecular weight PIB in the lubricants segment in various regions. Asia Pacific dominates the polyisobutylene market in terms of production and demand. Countries such as China, India, Japan, and South Korea are expected to be the key consumers of polyisobutylene. North America is the second largest consuming region. Furthermore, polyisobutylene offers chemical resistance and low permeability to air, moisture and gases. It is used in the manufacture of a range of medical packaging applications such as serum vials, injectable, saline bottles and seals. Therefore, rise in the medical industry in Latin America is also anticipated to fuel the growth of the PIB market during the forecast period. . However, rising environmental concerns owing to the recent PIB spill in Europe is anticipated to slightly hinder the growth of the PIB market during the forecast period.
Global Polyisobutylene Market: Scope of study
This report analyzes and forecasts the market for polyisobutylene at the global and regional level. The market has been forecast based on volume (Kilo Tons) and revenue (US$ Mn) from 2017 to 2025, considering 2016 as the base year. The study includes drivers and restraints of the global polyisobutylene market. It also covers impact of these drivers and restraints on demand for polyisobutylene during the forecast period. The report also highlights opportunities in the polyisobutylene market at the global and regional level.
The report includes detailed value chain analysis, which provides a comprehensive view of the global polyisobutylene market. Porter’s Five Forces model for the polyisobutylene market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global polyisobutylene market by segmenting it in terms of molecular weight (low, medium and high) and applications such tires & tubes, automotive, lubricants, adhesives & sealants, others (medical, chewing gum, detergents, and dispersants etc.). These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for polyisobutylene in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides the actual market size of polyisobutylene for 2016 and estimated market size for 2017 with forecast for the next eight years. The global market size of polyisobutylene has been provided in terms of volume and revenue. Market volume has been defined in kilo tons, while market revenue is in US$ Mn. Market numbers have been estimated based on molecular weight and key applications of polyisobutylene. Market size and forecast for numerous end-users have been provided in terms of global, regional, and country level markets.
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