According to a new market report published by Credence Research “Polybutene Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2013 – 2023,” the Polybutene market was valued at US$ 1,750 Mn in 2015, and is expected to reach US$ 2,500 Mn by 2023, expanding at a CAGR of 4.5% from 2016 to 2023.
Market Insights
Polybutene is a polymer which is derived from isobutylene. Polybutene is a colorless, odorless and tasteless pale yellow viscous liquid. It is differentiated based on grades by characteristic such as molecular weight and the grades with high molecular weight are known to have increased viscosity. Polybutene is available in various grades in the market. It is also known as a liquid oligomer which has application as a plasticizer for various applications in the market. It is used as a plasticizer for high molecular weight polymers such as polyethylene, lubricants and carriers among others.
Polybutenes are utilized as lubricant for metallurgical oil, 2-cycle engine lubricant, compressor oil, viscosity index enhancer. It is also used as metallurgical oil.The demand of wrap films gets increased as industries develop and household income increases. Wrap films used to be a mixed product of LDPE, EVA, but is being substituted to LLDPE. Polybutene is used for the condenser, Jelly compound for no impurities and superior electrical insulating property. Polybutene is used as adhesives as it improves the tack and peel strength of elastomer. Polybutene partially replaces tackifier, so it is economical. Personal care products like lip-gloss and roll-on deodorants can be formulated with polybutene.
Competitive Insights
The various applications of the Polybutene have increased across Asia Pacific, Middle East, Far Eastern Countries and USA. Asia market has shown strongest demand for Polybutene in recent years. Lubricant sales in the US are growingat slightly better than previous years.
Polybutene consumption is most influenced by the market for fuel and oil additives, which in turn, is a function of lubricant sales. Demand for polybutene is expected to grow for use of clean burning two-stroke oils to meet new global emission and performance requirements. Demand is also expected to increase for metal working lubricants and oils.
Browse the full Polybutene Market by Application – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023report at http://www.credenceresearch.com/report/polybutene-market
Key Trends
- Global emission and performance requirements
- Investment by major manufacturers
- Increasing demand for energy efficient oils, metal working lubricants and greases
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