Polyisobutylene Market | Analysis and Segment Forecasts by Applications, Molecular Weight, Grade and End-Use Industry by 2023

Polyisobutylene Market
Global Polyisobutylene Market information: Molecular Weight (low & medium and high), Grade (conventional and highly reactive), Application (tire & tubes, lubricants, and others), End-Use Industry (transportation, construction, and others), by Region: Forecast till 2023

Market Overview

Polyisobutylene (PIB) also known as butyl rubber is a polymer of isobutylene widely used in the manufacturing of tires & tubes and lubricants due to improved performance and gas impermeability. PIB is segmented by low & medium molecular weight PIB and high molecular weight PIB. High molecular weight PIB is most widely used owing to more viscosity and tackiness. Its usage is increasing due to rising demand for lubricants, adhesives, and sealants. Based on the grade, highly reactive PIB is majorly used in the lubricants as it produces less char. PIB finds application in various industries such as transportation, construction, electrical, healthcare, and food & beverages. Expanding automotive and aerospace industry in the developing regions is driving the market growth. The product is vastly preferred in the electronic devices as a result of the well-balanced barrier and flow properties. Consumption of Polyisobutylene is rising in the food and beverage industry because it protects the food products from moisture. Due to its non-skin resistant properties, it is largely used in the pharmaceutical industry in pressure sensitive adhesives.

Competitive Analysis

Some of the key players in the Global Polyisobutylene Market are LANXESS (Germany), BASF SE (U.S.), DAELIM (South Korea), TPC Group (U.S.), Exxon Mobil Corporation (U.S.), Lubrizol Corporation (U.S.), INEOS (UK), JXTG Nippon Oil & Energy Corporation (Japan), Infineum International Limited (Singapore), and Chevron Oronite Company LLC (U.S.).

Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/5911

Market Segmentation

The Global Polyisobutylene Market is segmented into Molecular Weight, Grade, Applications and Region.

On the basis of the Molecular Weight, the PIB market is bifurcated into low & medium and high,

Based on the Grade, the market is segmented into conventional PIB and highly reactive PIB.

By the Application, the market is segmented into tire & tubes, adhesives, sealants, lubricants, electrical insulation, and stretch wrap.

On the Basis of the End-Use Industry, the market is segmented into transportation, construction, electrical, food & beverage, healthcare, cosmetics & personal care, and others.

Geographically, the market is segmented into five regions, including Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Regional Analysis

Asia Pacific is the fastest growing region in the Global Polyisobutylene Market owing to the rapidly expanding automotive industry in the developing economies such as India, China, & Thailand. Furthermore, growing construction industry as a result of rising investment in the infrastructural activities by the government.

North America and Europe are expected to witness a significant growth as a result of growing demand for the product from the major end-use industries such as transportation, construction, electrical, and healthcare.          

Get Complete Report @ https://www.marketresearchfuture.com/reports/polyisobutylene-market-5911   

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. 

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/sample_request/5911