Polyisobutylene (PIB) Market Emerging Players May Yields New Opportunities 2020-2026 | BASF SE, TPC Group Inc., Ineos Group, Braskem, Exxon Mobil, Lanxess AG, Chevron Oronite Company LLC

The Global Polyisobutylene (PIB) Market is forecasted to reach USD 3.80 Billion by 2026, 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.

Request a Sample of Polyisobutylene (PIB) Market research report with 360° coverage of the industry from @ https://www.reportsanddata.com/sample-enquiry-form/1340

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.

Key participants include 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. among

Expansion of the automotive industry in emerging nations such as the Middle East and the Asia Pacific is boosting the market in the region. On account of improving the road infrastructure, increase in spending ability and rise in ownership of vehicles per person is fueling the market for Polyisobutylene (PIB). The rapid growth of end user including automotive and construction sector is further encouraging the market.

For the purpose of this report, Reports and Data have segmented the global Polyisobutylene (PIB) Market on the basis of Molecular Weight, Product,
Application, End-Use Industry, and Region:

Molecular Weight Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2026)
o Low Molecular Weight
o Medium Molecular Weight
o High Molecular Weight

Product Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2026)
o Conventional PIB
o Highly Reactive PIB

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2026)
o Tires
o Lubes Additives
o Fuel Additives
o 2-Stroke Engines
o Industrial Lubes and Others
o Adhesives and Sealants

End-Use Industry Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2026)
o Automotive
o Industrial
o Food
o Pharmaceuticals
o Constructions
o Cosmetics
o Sporting Goods

Get this report with fantastic discounts for a limited period @ https://www.reportsanddata.com/discount-enquiry-form/1340

Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2026)
o North America (United States, Canada and Mexico)
o Europe (Germany, France, UK, Russia and Italy)
o Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
o South America (Brazil, Argentina, Colombia)

Further key findings from the report suggest
o Polyisobutylene (PIB) is preferred over other synthetic and natural rubbers due to its good fragmentation performance, high cleanliness, and its self-healing nature.
o Tires hold a market share of 19% in the year 2018. 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.
o 2-Strokes Engine has the highest growth rate of 6.9% throughout the forecast period.
o Automotive dominates the market with a share of 21% of the market in the year 2018. Increasing application of Polyisobutylene (PIB) in the tire industry to improve heat retention capabilities during tire vulcanization is further forecasted to boost the market.
o Polyisobutylene (PIB) with high molecular weight holds the largest market share of 35% in the year 2018. It has a high demand in industries like sealants and automotive owing to its oxidation, superior UV and high resistance property.
o 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.
o Pharmaceuticals is forecasted to grow with the highest CAGR of 6.4% throughout the forecast period.
o APAC holds a market share of 24% in the year 2018. Emergence and expansion of automotive and sealant industries in APAC are fuelling the market growth.
o 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.
o In 2018, BASF Petronas Chemicals established a new plant in Malaysia for highly reactive Polyisobutylene (PIB). This is likely to boost the market in APAC backed by high availability of the raw materials in the region.

To get this report with detailed market information, tables, charts, graphs, etc., reach us here@ https://www.reportsanddata.com/report-detail/polyisobutylene-pib-market

Major selling points of this research report
Gives the reader a holistic comprehension of the global market
Identifies the recent trends and estimated growth rate for the forecast duration
Helps industry experts, investors, and other participants implement lucrative expansion approaches
Provides accurate market insights to take informed decisions through presentations and other tools
Outlines the competitive landscapes with the individual market share of top vendors

Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Contact Us:

John Watson
Head of Business Development
40 Wall St. 28th floor New York City, NY 10005 United States
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

This release was published on openPR.