openPR Logo
Press release

Highly Reactive Polyisobutylene (HR-PIB) Market Growth 2019 | BASF, PETRONAS, LANXESS, TPC Group, Kothari Petrochemicals

07-09-2019 09:25 PM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

Highly Reactive Polyisobutylene (HR-PIB) Market

Highly Reactive Polyisobutylene (HR-PIB) Market

Lubricant and fuel additives are creating a massive demand owing to their emission reduction property, leading to an enhancement in the vehicle performance. The aforementioned value-adding advantage will drive the highly reactive polyisobutylene market over the forecast span. Recent environment regulations levied by regulatory agencies including the U.S. Environmental Protection Agency (EPA) regarding greenhouse gas (GHG) emissions will play a major role in determining the growth of the industry.

The impenetrable nature of the product makes it preferable for producing tubeless tires. Henceforth, the expanding automotive industry, chiefly in India and China, would also drive the market during the forecast period. It offers many other benefits including minimal char formation during the manufacturing process, further augmenting HR-PIB market during the forecast spell. The highly reactive polyisobutylene market poised to surpass USD 332 million; according to a new research report.

Request for a sample copy of this report @
https://www.gminsights.com/request-sample/detail/2233

Latin America Highly reactive polyisobutylene market is anticipated to rise with a CAGR close to 4% over the forecast timespan. Additive products have a growing demand in South America, primarily in Brazil and Mexico, due to the rising environmental concerns imposed by regulatory bodies accredited by the Ministry of Environment, which will drive the demand for lubricating oil with decreased emissions. Moreover, their improved standard of living is driving the automotive sector, which will subsequently help in expanding the market by 2024.

Major highly reactive polyisobutylene market companies are:
• Lanxess
• Petronas
• RB Products
• BASF
• Kothari Petrochemicals
• Janex
• TPC Group
• Mayzo

Almost all the above companies are strongly engaged in the expansion of highly reactive polyisobutylene production facilities in the industry by actively participating in joint ventures, acquisitions, and mergers. For example, TPC Group declared its capacity expansion program to improve the overall production and subsequently meet the rising product demand in the region which is expected to enhance its position in the HR-PIB market in the near future.

Make an Inquiry for Purchasing this Report @
https://www.gminsights.com/inquiry-before-buying/2233

According to the molecular weight, products having low molecular weight captured the maximum market share and is projected to grow at a CAGR of 4.5% by 2024. Wide product use as a reactive agent, i.e., as a fuel additive that helps in improving the vehicle performance is likely to make a substantial contribution to the low molecular weight highly reactive polyisobutylene market by 2024.

Additive application segment in HR-PIB market was valued at over USD 145 million in 2016. The incessant growth is mainly due to the detergent attributes, minimizing the particulate emissions and hydrocarbons when mixed with the fuel. The current growing need for low-soot fuels will enhance the product needs and accomplish high returns for highly reactive polyisobutylene market by 2024. It is mixed with lubricating oils in minimal amounts to prevent oil & mist creation and better end-product execution for the consumers.

Product usage as a lubricant additive may still have environmental stringencies, which will hinder the highly reactive polyisobutylene market in the near future. Its applications in water conveyance vehicles will have a negative impact on the aquatic life. Environment-concerned bodies including PETA, Oceanic Preservation Society, WWF, etc., are imposing the regulatory bodies to implement strict regulations against the use of reactive chemicals, which may hamper the aquatic life. These trends are likely to obstruct the global market in the coming years.

Browse Report Summery @
https://www.gminsights.com/industry-analysis/highly-reactive-polyisobutylene-hr-pib-market

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Highly Reactive Polyisobutylene (HR-PIB) Market Growth 2019 | BASF, PETRONAS, LANXESS, TPC Group, Kothari Petrochemicals here

News-ID: 1800390 • Views: 509

More Releases from Global Market Insights Inc.

What's driving the Pigments Market share? | Trends by Key Players: Merck Group, …
The global pigments market will be witnessing promising growth on account of rising demand from the construction and printing ink industry. Paint and coating industry is a major contributor to the global construction sector which is proliferating on account of increasing urbanization and industrialization lately. Request for a sample of this research report @ http://decresearch.com/request-sample/detail/742 Companies covered: BASF SE, Merck Group, Ferro Corporation, Lanxess AG, Pidilite Industries Ltd., Clariant AG, DIC Corporation,
What's driving the Coil Coatings Market Growth? | by Top Key Participant BASF SE …
Coil coating is a continuous, sophisticated and highly-automated industrial process used for coating metal coils. Pre-painted metal is virtually everywhere, on roads, bridges, pipes, industrial machinery, and countless other products. Global coil coatings market outlook will be propelled by extensive application in automotive, construction and electrical appliances over the coming years. Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/839 Robust growth of automotive and construction sectors particularly in emerging economies
What's driving the Nitrocellulose Market size? | 2019-2025 Key Players: Nitro Qu …
Rising use of nitrocellulose across multiple industrial formulations will drive nitrocellulose market share over the forecast timeframe. The product is known to dissolve easily in several organic solvents and provides a tough, flexible film that is best used for an effective surface finish, enhancing the use of the product in auto paints and wood coating applications. Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/386 The government has laid down a
Smart Clothing Market 2024: Forecasts By Leading Key Players - Zephyr, Adidas, A …
Smart clothing market has been forecast to face certain challenges at its initial stages, notwithstanding the predictions made about it being one of most lucrative businesses in recent times. Some of these constraints lurk along the lines of high product prices, unreliability, and personal security threats. Moreover, on the technical front, the present-day challenges of smart clothing industry such as limited battery life, wireless technology, huge capital investment, wash ability,

All 5 Releases


More Releases for Highly

Artificial Turf Market Highly Innovative Products 2025
Global Artificial Turf Market: Snapshot Growth opportunities abound in the global market for artificial turf as residential and commercial property owners increasingly focus on ways of keeping lawns green even during the rising incidences of draughts across the globe. Along with providing an easy way of conserving the water otherwise spent on keeping natural grass alive, artificial grass, or artificial turf as it is often referred to, helps eliminate the need
Varactor Diode Market highly efficient Growth 2025
Global Varactor Diode Market: Snapshot Varactor diodes are utilized extensively in wireless infrastructure. They play a significant role in the proper operation of 5G technology, as these diodes are highly efficient in enhancing linearity function for high speed applications. A considerable rise in the sales of electronic goods, such as laptops, smartphones, and tablets can be observed across the world in the near future, thanks to the advent of 5G technology.
Dental Consumables Market Highly Fragmented over 2025
Global Dental Consumables Market: Overview The global dental consumables market is driven by a growing importance for medical esthetics, which is a clinical subspecialty concentrating on the improvement or enhancement of the appearance by making use of cosmetic treatments. A number of MI procedures are used for the enhancement of an individual’s appearance. The use of dental implantation among others has become popular for people as they are inclined towards having
IDM launches highly protected distributed storage service
IDM Protect decentralised storage service is ready for production. The service is a response to most important data security challenges. The innovative solution combines modern distributed architecture and unique competitive advantage – the SIZE algorithm. Data storages deal with two main threats – unauthorised access and data loss. To solve the first problem they use encryption, which should prevent anyone who is not meant to access the data stored. In reality,
Highly affecting Bugs of 2017
In 2017, nearly half of the total populace confronted various bug in software testing, as indicated by a software product testing organization TestOrigen. Simply envision, 2017 bug issues influenced approx 75,000 passengers. Is it happen? It is known as software “butterfly impact” – “little variety in the underlying states of a dynamic framework may deliver vast variety in the long haul conduct of the framework”. As indicated by the TestOrigen’ “One glitch
Highly-effective and affordable temperature logging devices
United States 20-03-2017. TempGenius is glad to provide you the highly effective and smart monitoring solutions ideal to meet your different needs exactly. Maintaining the right temperature at the storage is really very essential to assure their quality doesn’t; suffer in the long run. And for that it is very essential to maintain the right temperature and humidity level at the storage place. Warehouse temp monitor and humidity control devise