The Global Polyisobutylene (PIB) Market is forecasted to reach USD 4.24 Billion by 2028, according to a new report by Reports and Data.
Polyisobutylene (PIB) is a commercial polymer used in multiple sectors due to its flexibility, thermal stability, and impermeability to gases. It is also used for the manufacture of tubeless tires as it is able to hold air for a longer period of time.

Polyisobutylene (PIB) includes oxidation resistance, improved stability, and superior impermeability. Improvement in weathering resistance for the manufacture of pharmaceutical stoppers, construction sealants, hosepipes, and various mechanical goods is expected to encourage the growth of the market. Polyisobutylene (PIB) is used as a sealant in the sealing of photovoltaic system panels. This is owing to its improved properties of electrical insulation and resistance to gasses, and water vapor.

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Top Players in the Global Polyisobutylene (PIB) Market:

BASF SE, TPC Group Inc., Ineos Group, Braskem, Exxon Mobil, Lanxess AG, Chevron Oronite Company LLC, Infineum International Ltd., the Lubrizol Corporation, and Berkshire Hathaway Inc.

Further key findings from the report suggest

• Polyisobutylene (PIB) is preferred over other synthetic and natural rubbers due to its good fragmentation performance, high cleanliness, and its self-healing nature.
• Tires hold a market share of 19% in the year 2020. The ability of the product to hold air in for a longer period of time in the tube is increasing the demand for the product in this sector.
• 2-Strokes Engine has the highest growth rate of 6.9% throughout the forecast period.
• Automotive dominates the market with a share of 21% of the market in the year 2020. Increasing application of Polyisobutylene (PIB) in the tire industry to improve heat retention capabilities during tire vulcanization is further forecasted to boost the market.
• Polyisobutylene (PIB) with high molecular weight holds the largest market share of 35% in the year 2020. It has a high demand in industries like sealants and automotive owing to its oxidation, superior UV and high resistance property.
• Increase in demand for packaging in the pharmaceutical industry to help preserve the quality of drugs is boosting the demand for the product in this sector also.
• Pharmaceuticals is forecasted to grow with the highest CAGR of 6.4% throughout the forecast period.
• APAC holds a market share of 24% in the year 2020. Emergence and expansion of automotive and sealant industries in APAC are fuelling the market growth.
• Rising investment for the development of the product in the petrochemical sector will also propel the market growth in the Asia Pacific region. The region is forecasted to grow with a CAGR of 6.0% throughout the forecast period.

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Market segmentation based on Molecular Weight Outlook:

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

Product Outlook:

• Conventional PIB
• Highly Reactive PIB

Application Outlook:

• Tires
• Lubes Additives
• Fuel Additives
• 2-Stroke Engines
• Industrial Lubes and Others
• Adhesives and Sealants

End-Use Industry Outlook:

• Automotive
• Industrial
• Food
• Pharmaceuticals
• Constructions
• Cosmetics
• Sporting Goods

Key Regional Markets Covered in the Report:

• North America (U.S.A., Canada, Mexico)
• Europe (Italy, U.K., Germany, France, Rest of Europe)
• Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

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Frequently Asked Questions Answered in the Report:

• What is the estimated revenue growth rate of the global Polyisobutylene (PIB) market over the forecast period?
• What are the major factors driving the global market revenue growth?
• Which are the leading manufacturers and suppliers in the global Polyisobutylene (PIB) market?
• Which regional market is expected to lead in terms of revenue share in the global Polyisobutylene (PIB) market over the forecast years?
• What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?

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