PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1604557
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1604557
The isobutylene polymer resins market is expected to grow at a CAGR of 6.62%, reaching a market size of US$12.462 billion in 2030 from US$9.046 billion in 2025.
The isobutylene polymer resins market would witness an increase due to its utilization in multiple industries. The product demand from end-use industries such as automotive, personal care, and cosmetics industries is expected to drive the industry over the forecast period. Applications of isobutylene, for example, include surface protective films, window sealants, binder material for batteries, and food packaging solutions. These chemicals are widely used in rubber tires and tubes as fuel additives. Polyisobutylene is used to produce medical adhesives for the treatment of wounds, drug coatings, and pharmaceutical packaging materials. The overall growth in these sectors would lead the isobutylene polymer resins market.
Isobutylene polymer resin market drivers
The automotive sector is witnessing significant growth in 2023. According to the International Organization of Motor Vehicle Manufacturers (OICA), globally, the production for cars was 67,133,570, and for commercial vehicles, it was 26,413,029, which is a 10% growth from 2022. The increased growth in vehicles is due to the increasing demand from the developing parts of the world in Asia Pacific, Africa, and Brazil. Butyl rubber can be vulcanizate and have tensile strengths up to 2000 psi. These are characterized by low permeability to air and a high resistance to chemicals and oxidation. This makes it suitable for use in butyl rubber, especially in the inner tubes.
This increased manufacturing would lead to a positive growth demand for butyl rubber. Further, the existing number of automobiles would have a growth impact on polyisobutylene succinimides for the engine oil additives. For instance, Lubrizol polyisobutylene succinimides are engine oil additives for keeping engines clean by dispersing harmful debris generated during operation.
Isobutylene polymer resin market geographical outlook
By geography, the isobutylene polymer resins market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.
The Asia Pacific region is expected to see notable growth in the isobutylene polymer resins market due to increasing applications in sealants, automotive components, and fuel additives. According to the International Organization of Motor Vehicle Manufacturers, China is the largest producer of automobiles, with 30,160,966 vehicles manufactured in 2023, a 12% increase.
North America is expected to have a significant share in the isobutylene polymer resins market due to its major utilization in sectors such as automobile, cosmetics, and fuels. In 2023, the USA manufactured 10,611,555 vehicles, with a 6% increase from the previous year, according to the International Organization of Motor Vehicle Manufacturers. Further, Canada produced a total of 1,553,026, a 26% increase from the prior year.
Europe would witness a major application in the cosmetic industry. According to Cosmetics Europe, the largest national markets for cosmetics and personal care products in Europe are Germany with €15.9 billion, France with €13.7 billion, and Italy with €12.5 billion.
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