PUBLISHER: Value Market Research | PRODUCT CODE: 1346814
PUBLISHER: Value Market Research | PRODUCT CODE: 1346814
The global demand for Polyisobutylene Market is presumed to reach the market size of nearly USD 3.68 BN by 2030 from USD 2.36 BN in 2022 with a CAGR of 5.7% under the study period of 2023 - 2030.
Polyisobutylene (PIB), a synthetic polymer, is made from the polymerization of isobutylene, which is a gaseous hydrocarbon compound derived from crude oil or natural gas. It is a type of elastomer, meaning it has properties that combine the characteristics of plastics and rubbers.
The automotive industry's demand for PIB in tire manufacturing, particularly for enhancing tire performance and fuel efficiency, remains significant. The expanding industrial and manufacturing sectors drive the need for PIB-based adhesives and sealants in construction and manufacturing processes. PIB's role as a viscosity modifier and lubricant additive aligns with advancements in lubricant technology. Consumer goods like chewing gum, personal care products, and cosmetics continue to fuel PIB demand. Additionally, its use in medical and pharmaceutical applications responds to evolving healthcare needs. The market's trajectory can also be shaped by sustainability concerns as industries explore bio-based alternatives. Research and innovation into PIB's properties and applications further contribute to its growth. However, it's crucial to stay informed about changing market dynamics through industry reports and reliable sources for accurate insights.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of polyisobutylene. The growth and trends of Polyisobutylene Industry provide a holistic approach to this study.
This section of the polyisobutylene market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Polyisobutylene market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the polyisobutylene market include BASF SE, Daelim Co., Ltd., TPC Group, INEOS, Kothari Petrochemicals, Braskem, ENEOS Corporation, Zhejiang Shunda New Material Co., Ltd., Shandong Hongrui New Material Technology Co., Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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