The Polyisobutylene Global Market Report 2023, provides comprehensive information on the polyisobutylene market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global polyisobutylene market size is expected to grow from $2.36 billion in 2022 to $2.51 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The polyisobutylene market size is expected to reach $3.13 billion in 2027 at a CAGR of 5.7%.
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Product innovations are a key trend gaining popularity in the polyisobutylene market. Major players operating in the market are developing innovative products with features such as high elongation qualities and elasticities, faster processing time, and others to sustain their position in the polyisobutylene market. For instance, in February 2021, BASF SE, a Germany-based provider of chemicals launched OPPANOL C, a novel, easier-to-process polyisobutylene. The unique features of the product include the one-inch chips that are used in the polyisobutylene product that enables easy processing and help clients to minimize product development time and manufacturing procedures. This novel nonhazardous, high-purity PIB also has a manageable handling size for fine formulation customization.
The polyisobutylene market is segmented:
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
Asia-Pacific was the largest region in the polyisobutylene market in 2022.
The table of contents in TBRC’s polyisobutylene market report includes:
1. Executive Summary
2. Polyisobutylene Market Characteristics
3. Polyisobutylene Market Trends And Strategies
4. Polyisobutylene Market – Macro Economic Scenario
5. Polyisobutylene Market Size And Growth
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26. Africa Polyisobutylene Market
27. Polyisobutylene Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Polyisobutylene Market
29. Polyisobutylene Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- BASF SE
- TPC Group
- Lubrizol Corporation
- INEOS Group Limited
- Kothari Petrochemicals Limited
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