Global Polyisobutylene Market is Expected to Reach USD 2.51 billion by 2023

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In the past several years, the global Polyisobutylene market is relatively stable with CAGR of 5.21% from 2012 to 2016. Leading suppliers in the market are TPC Group, Infineum, Lubrizol, BASF, Ineos, Daelim and Chevron Oronite.

Polyisobutylene (PIB, also called polyisobutene) is a vinyl polymer that is made from the monomer isobutylene (IB) by cationic polymerization.

PIB is a colorless to light-yellow, elastic, semisolid or viscous substance. It is odorless, tasteless, and nontoxic. Because of their highly paraffinic and nonpolar nature, PIBs are soluble in aliphatic and aromatic hydrocarbon solvents and insoluble in polar solvents. Solubility generally decreases with increasing molecular weight of the polymer and increasing size of the aliphatic portion of the solvent molecule.

The amorphous characteristics and low glass transition temperature (Tg = −62°C) of PIB impart high flexibility and permanent tack. Despite the favorable tack property, the adhesion of PIBs to many surfaces is weak because of their low polarity. This problem can be overcome by the addition of tackifiers (such as rosin ester resins) and other materials that will impart some polar properties to the formulation.

 

This report focuses on the Polyisobutylene (PIB) (CAS 9003-27-4) in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

PIBs are usually classified into three groups according to molecular weight: Low Molecular Weight Polyisobutylene, Medium Molecular Weight Polyisobutylene and High Molecular Weight Polyisobutylene. Low Molecular Weight Polyisobutylene is the major types of Polyisobutylene which accounts for 95.96% of world production in terms of volume. Low Molecular Weight Polyisobutylene can be further divided in to high reactive Polyisobutylene and conventional. Production of Medium Molecular Weight Polyisobutylene is more concentrated. Key players operating in the medium molecular weight polyisobutylene market include BASF SE, Zhejiang Shunda New Material Co., JX Nippon Oil & Energy Corporation, and Shandong Hongrui Petrochemical Co., Ltd. High Molecular Weight Polyisobutylene production is comparatively limited. Currently BASF is the major supplier.

Application of Polyisobutylene can be classified as Fuel & Lube Additives, Adhesive & Sealant, Plastic & Elastomer Modifier, Gum Base etc. Fuel & Lube Additives is the largest application of Polyisobutylene, which accounts for 78.14% of world total consumption volume.

The worldwide market for Polyisobutylene (PIB) (CAS 9003-27-4) is expected to grow at a CAGR of roughly 3.9% over the next five years, will reach 2510 million US$ in 2023, from 1990 million US$ in 2017, according to a new study.

Market Segment by Manufacturers, this report covers

  • TPC
  • Infineum
  • Lubrizol
  • BASF
  • Ineos
  • Daelim
  • Chevron Oronite
  • ENEOS
  • Braskem
  • Jilin Petrochemical
  • Shandong Hongrui
  • Zhejiang Shunda
  • BASF-YPC

Market Segment by Regions, regional analysis covers

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, UK, Russia and Italy)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America (Brazil, Argentina, Colombia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers

  • Low Molecular Weight Polyisobutylene
  • Medium Molecular Weight Polyisobutylene
  • High Molecular Weight Polyisobutylene

Market Segment by Applications, can be divided into

  • Fuel & Lube Additives
  • Adhesive & Sealant
  • Plastic & Elastomer Modifier
  • Gum Base
  • Other 

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