Polyisobutylene Market
Polyisobutylene Market Size, Share & Trends Analysis Report by Molecular Weight Type (Low, Medium, and High), by Application (Adhesives and Sealants, Automotive rubber components, Fuel additives, Lubricant additives, and 2-stroke Engines), and by End Use Industry (Transportation Sector, Industrial, and Food), Forecast Period (2024-2031)
Polyisobutylene market is anticipated to grow at a CAGR of 5.6% during the forecast period (2024-2031). The market growth can be attributed to the use of polyisobutylene in various applications like adhesives and sealants, rubber automotive components, fuel additives, and lubricant additives. 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.
Market Dynamics
The Growing the Construction Industry
Due to its tackiness and stability, which make it ideal for various hot melt pressure sensitive adhesives, polyisobutylene offers many benefits in the construction industry as adhesives & sealants. Additionally, the need for machinery and equipment for manufacturing facilities is being fueled by an increase in industrialization and construction globally. As a result, hydraulic fluids and sealants are utilized extensively in these sectors. Excellent sealant qualities of polyisobutylene include a reduction in shrinkage.
Growth of the Transportation Industry across Developing Regions
Globally, there is a trend of rising demand from the tires and tubes market is a crucial market driver. Tire and tubes are crucial demand drivers of the market. The tires are made with strong rubber. Polyisobutylene is a rubber that can be modified according to every need. Due to its flexibility and wide range of features, the adoption rate is higher. The automotive industries have increased the usage of polyisobutylene synthetic rubbers. The high tensile strength and flexibility of the rubber make it suitable for this process. The demand from various users is a demand-driving factor. The rising consumer demand for consumer electronic devices such as smart TVs, wireless speakers, and home appliances is driving demand. The electrical industry is another crucial driver of this market. Investments in cause electronics play a major role in this market.
Market Segmentation
- Based on molecular weight type, the market is sub-segmented into low, medium, and high.
- Based on application, the market is segmented into adhesives and sealants, automotive rubber components, fuel additives, lubricant additives, and 2-stroke engines.
- Based on the end-use industry, the market is segmented into the transportation sector, industrial, and food.
High Molecular Weight is Projected to Emerge as the Largest Segment
The high molecular weight segment is expected to hold the largest share of the market. High molecular weight polyisobutylene is a transparent solid rubber-like substance with ultra-high viscosity and molecular weight. The high molecular weight helps polyisobutylene to retain its high elasticity and resilient properties. Due to the above-mentioned properties, it is used in a wide range of applications, including stretch films, lubricants, and adhesives in the industrial, transportation, and food sectors.
Lubricant Additives Segment to Hold a Considerable Market Share
Lubricant additives hold a considerable market share. Emerging markets in Asia-Pacific due to the increasing industrial production are anticipated to drive the demand for industrial oil products over the forecast period. The chemical and mining industries are projected to be among the largest consumers of industrial lubricants. This growing trend is expected to boost the demand for industrial lubricants in applications, such as hydraulics, industrial engines, centrifuges, compressors, and bearings.
Regional Outlook
The global polyisobutylene market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America). North America is projected to observe a significant amount of growth in the polyisobutylene market due to the rise in the use of the product in several end-user industries such as automotive, marine, and packaging industries.
Global Polyisobutylene Market Growth by Region 2024-2031
North America Holds Major Market Share
Among all the regions, Asia-Pacific holds a significant share owing to the region dominating the market for applications such as adhesives and sealants, lubricants, and fuel additives, among others. In March 2023, Pidilite announced the manufacture of Jowat’s hot melt adhesive in India. The adhesives will be produced at Pidilite's manufacturing plant in Vapi, Gujarat. The company further announced that the adhesive will be manufactured under the Pidilite brand. Polyisobutylene is widely used in lubricants for modifying or improving the viscosity of the lubricant formulations to the desired final viscosity. The lubricants market is currently witnessing an increasing demand for high-performance lubricants owing to their better and improved properties, such as reduced flammability, reduced gear wear, and increased service life. Polyisobutylene is added to fuel to improve the viscoelastic property. Derivatives of polyisobutylene are used as ash-less dispersants (such as PIBSA) to minimize deposits and prevent oil thickening and formation of sludge.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global polyisobutylene market include BASF SE, Daelim Co., Ltd, LANXESS AG, and The Lubrizol Corp., among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in September 2023, TPC Group successfully concluded the first phase of its di-isobutylene capacity upgrade, positioning itself to meet the surging global demand for di-isobutylene fueled by the widespread adoption of low global warming potential refrigerants.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global polyisobutylene market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. BASF SE
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Daelim Co., Ltd.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. LANXESS AG
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. The Lubrizol Corp.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
4. Market Segmentation
4.1. Global Polyisobutylene Market by Molecular Weight Type
4.1.1. Low
4.1.2. Medium
4.1.3. High
4.2. Global Polyisobutylene Market by Application
4.2.1. Adhesives and Sealants
4.2.2. Automotive rubber components
4.2.3. Fuel additives
4.2.4. Lubricant additives
4.2.5. 2-Stroke Engines
4.3. Global Polyisobutylene Market by End-Use Industry
4.3.1. Transportation Sector
4.3.2. Industrial
4.3.3. Food
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East & Africa
6. Company Profiles
6.1. Braskem S.A.
6.2. Dowpol Corporation
6.3. Eni S.p.A.
6.4. Exxon Mobil Corporation
6.5. INEOS Capital Limited
6.6. JX Nippon Oil & Gas Exploration Corporation
6.7. Kemipex
6.8. Kothari Petrochemicals Ltd.
6.9. LyondellBasell Industries Holdings B.V
6.10. Nizhnekamskneftekhim.
6.11. Procter and Gamble
6.12. Reliance Industries Ltd.
6.13. SABIC
6.14. Shandong Hongrui New Material Technology Co., Ltd.
6.15. Shell Global
6.16. SIBUR Holding PJSC
6.17. TPC Group, Inc.
6.18. Zhejiang Shunda New Material Co., Ltd.
1. GLOBAL POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY MOLECULAR WEIGHT TYPE, 2023-2031 ($ MILLION)
2. GLOBAL LOW MOLECULAR WEIGHT POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL MEDIUM MOLECULAR WEIGHT POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL HIGH MOLECULAR WEIGHT POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
5. GLOBAL POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
6. GLOBAL POLYISOBUTYLENE FOR ADHESIVES AND SEALANTS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL POLYISOBUTYLENE FOR AUTOMOTIVE RUBBER COMPONENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL POLYISOBUTYLENE FOR FUEL ADDITIVES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL POLYISOBUTYLENE FOR LUBRICANT ADDITIVES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBAL POLYISOBUTYLENE FOR 2-STROKE ENGINES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBAL POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2023-2031 ($ MILLION)
12. GLOBAL POLYISOBUTYLENE BY TRANSPORTATION SECTOR MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL POLYISOBUTYLENE BY INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL POLYISOBUTYLENE BY FOOD MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. GLOBAL POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
16. NORTH AMERICAN POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
17. NORTH AMERICAN POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY MOLECULAR WEIGHT TYPE, 2023-2031 ($ MILLION)
18. NORTH AMERICAN POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
19. NORTH AMERICAN POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2023-2031 ($ MILLION)
20. EUROPEAN POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
21. EUROPEAN POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY MOLECULAR WEIGHT TYPE, 2023-2031 ($ MILLION)
22. EUROPEAN POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2023-2031 ($ MILLION)
23. EUROPEAN POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2023-2031 ($ MILLION)
24. ASIA-PACIFIC POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
25. ASIA-PACIFIC POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY MOLECULAR WEIGHT TYPE, 2023-2031 ($ MILLION)
26. ASIA-PACIFIC POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
27. ASIA-PACIFIC POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2023-2031 ($ MILLION)
28. REST OF THE WORLD POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
29. REST OF THE WORLD POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY MOLECULAR WEIGHT TYPE, 2023-2031 ($ MILLION)
30. REST OF THE WORLD POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2023-2031 ($ MILLION)
31. REST OF THE WORLD POLYISOBUTYLENE MARKET RESEARCH AND ANALYSIS BY END-USE INDUSTRY, 2023-2031 ($ MILLION)
1. GLOBAL POLYISOBUTYLENE MARKET SHARE BY MOLECULAR WEIGHT TYPE, 2023 VS 2031 (%)
2. GLOBAL LOW MOLECULAR WEIGHT POLYISOBUTYLENE MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL MEDIUM MOLECULAR WEIGHT POLYISOBUTYLENE MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL HIGH MOLECULAR WEIGHT POLYISOBUTYLENE MARKET SHARE BY REGION, 2023 VS 2031 (%)
5. GLOBAL POLYISOBUTYLENE MARKET SHARE BY APPLICATION, 2023 VS 2031 (%)
6. GLOBAL POLYISOBUTYLENE FOR ADHESIVES AND SEALANTS MARKET SHARE BY REGION, 2023 VS 2031 (%)
7. GLOBAL POLYISOBUTYLENE FOR AUTOMOTIVE RUBBER COMPONENTS MARKET SHARE BY REGION, 2023 VS 2031 (%)
8. GLOBAL POLYISOBUTYLENE FOR FUEL ADDITIVES MARKET SHARE BY REGION, 2023 VS 2031 (%)
9. GLOBAL POLYISOBUTYLENE FOR LUBRICANT ADDITIVES MARKET SHARE BY REGION, 2023 VS 2031 (%)
10. GLOBAL POLYISOBUTYLENE FOR 2-STROKE ENGINES MARKET SHARE BY REGION, 2023 VS 2031 (%)
11. GLOBAL POLYISOBUTYLENE MARKET SHARE BY END-USE INDUSTRY, 2023 VS 2031 (%)
12. GLOBAL POLYISOBUTYLENE BY TRANSPORTATION SECTOR MARKET SHARE BY REGION, 2023 VS 2031 (%)
13. GLOBAL POLYISOBUTYLENE BY INDUSTRIAL MARKET SHARE BY REGION, 2023 VS 2031 (%)
14. GLOBAL POLYISOBUTYLENE BY FOOD MARKET SHARE BY REGION, 2023 VS 2031 (%)
15. GLOBAL POLYISOBUTYLENE MARKET SHARE BY REGION, 2023 VS 2031 (%)
16. US POLYISOBUTYLENE MARKET SIZE, 2023-2031 ($ MILLION)
17. CANADA POLYISOBUTYLENE MARKET SIZE, 2023-2031 ($ MILLION)
18. UK POLYISOBUTYLENE MARKET SIZE, 2023-2031 ($ MILLION)
19. FRANCE POLYISOBUTYLENE MARKET SIZE, 2023-2031 ($ MILLION)
20. GERMANY POLYISOBUTYLENE MARKET SIZE, 2023-2031 ($ MILLION)
21. ITALY POLYISOBUTYLENE MARKET SIZE, 2023-2031 ($ MILLION)
22. SPAIN POLYISOBUTYLENE MARKET SIZE, 2023-2031 ($ MILLION)
23. REST OF EUROPE POLYISOBUTYLENE MARKET SIZE, 2023-2031 ($ MILLION)
24. INDIA POLYISOBUTYLENE MARKET SIZE, 2023-2031 ($ MILLION)
25. CHINA POLYISOBUTYLENE MARKET SIZE, 2023-2031 ($ MILLION)
26. JAPAN POLYISOBUTYLENE MARKET SIZE, 2023-2031 ($ MILLION)
27. SOUTH KOREA POLYISOBUTYLENE MARKET SIZE, 2023-2031 ($ MILLION)
28. REST OF ASIA-PACIFIC POLYISOBUTYLENE MARKET SIZE, 2023-2031 ($ MILLION)
29. LATIN AMERICA POLYISOBUTYLENE MARKET SIZE, 2023-2031 ($ MILLION)
30. MIDDLE EAST AND AFRICA POLYISOBUTYLENE MARKET SIZE, 2023-2031 ($ MILLION)
