Highly Reactive Polyisobutylene Market: BASF SE, PETRONAS, Janex, Lanxess
Additionally, rising automotive industry primarily in Asia Pacific will also have positive impact on the highly reactive polyisobutylene market size by 2024. This is majorly attributed to impervious nature of product which makes it preferable in manufacturing tubeless tires.
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Highly Reactive Polyisobutylene industry size is poised to surpass USD 332.3 million by 2024; according to a new research report by Global Market Insights, Inc. Product use as lubricant additive and may have environmental implications which is probable to obstruct the highly reactive polyisobutylene market size by 2024. Its use in water transportation vehicles may have an adverse impact on aquatic life.
Currently, there are limited regulations against product use, however, environmental protection groups including the Wildlife Trust, Marine Conservation Society, etc. are appealing the U.K. government to introduce and implement stringent regulations which is likely to hamper the overall highly reactive polyisobutylene market size by 2024.
High molecular weight highly reactive polyisobutylene industry size was over USD 60 million in 2016. It is comparatively more viscous than low & medium molecular weight product and finds application in both tire manufacturing and as additive in lubricants & fuels, adhesive, sealants and various other applications including metal working, cosmetics, chewing gums, medical packaging, etc. High product demand across automotive, construction, medical industry, etc. will help achieve substantial gains to highly reactive polyisobutylene market size by 2024.
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Highly reactive polyisobutylene industry size for automotive is likely to rise with over 4% CAGR by 2024. It is primarily due to its applications in manufacturing tire inner liners which has propelled its demand across automotive industry. Moreover, the product offers excellent inflation pressure retention for all types of tires. It also offers barrier properties, resistance to ozone, high damping and heat aging, which makes it ideal for automotive vibration control. Thus, the increasing demand for tires, on account of the rapidly growing automobile industry, is expected to augment highly reactive polyisobutylene market size substantially within the forecast period.
Asia Pacific highly reactive polyisobutylene market size was valued over USD 100 million in 2016. Robust product demand is majorly due to rising automotive industry, primarily in India and China mainly due to growing population in the region. Additionally, construction industry in the region is likely to exhibit 7% CAGR in the coming years.
This will subsequently have a positive impact on the highly reactive polyisobutylene industry size due to its applications as adhesive & sealant in flooring, insulation, panel, partitions and roofing, facades and fire protection.
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Key prominent highly reactive polyisobutylene market players are RB Products, Lanxess, BASF, Petronas, Janex, Kothari Petrochemicals, Mayzo and TPC Group. Major players are actively engaged in investing in HR-PIB production unit to expand their business in the market by undergoing merger, acquisition and joint agreement.
For instance, BASF and Petronas had invested in a joint venture in South East Asia in March 2016, with an overall capacity of 50,000 tons of highly reactive polyisobutylene. It was intended to meet the rapidly rising consumer demand in the region due to growing automotive and construction industry.
Partial Chapter of the Table of Content:
Chapter 3. Highly Reactive Polyisobutylene (HR-PIB) Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Distributor channel analysis
3.3.3. Profit margin analysis
3.3.4. Value addition at each stage
3.4. Industry impact forces
3.4.1. Growth drivers
18.104.22.168. Rapidly growing tires & tubes industry in Asia Pacific
22.214.171.124. Strong growth in construction industry in APAC and MEA
3.4.2. Industry pitfalls & challenges
126.96.36.199. Environmental concerns associated with use of HR-PIB
3.5. Growth potential analysis
3.6. Regulatory trends
3.7. Porter’s analysis
3.8. Company market share analysis, 2016
3.8.1. Strategy dashboard
3.9. PESTEL analysis
3.10. Regional price trends
3.10.1. Cost structure analysis
3.10.2. Raw material trends
3.10.3. Product pricing trends
Chapter 4. Highly Reactive Polyisobutylene (HR-PIB) Market, Molecular Weight by Application
4.1. Highly reactive polyisobutylene market share by molecular weight, 2016 & 2024
4.2.1. Market estimates and forecasts of molecular weight by application, 2013 – 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3.1. Market estimates and forecasts of molecular weight by application, 2013 – 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.4.1. Market estimates and forecasts molecular weight by application, 2013 – 2024
4.4.2. Market estimates and forecasts by region, 2013 – 2024
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