Highly Reactive Polyisobutylene (HR-PIB) Market 2020 | Top Key Players - TPC Group, RB Products, Inc., BASF SE, PETRONAS, Janex, Lanxess, Kothari Petrochemicals

Globally, Highly Reactive Polyisobutylene (HR-PIB) Market is registering considerable traction due to emission reduction property which helps in improving the performance of vehicles. The global rise in emission levels has become a primary concern among governments across the world. Environmental regulations established by regulatory authorities such as the U.S. Environmental Protection Agency regarding the carbon emission levels will drive the substance demand.

The impenetrable feature of the product makes it a viable choice in the manufacturing of tubeless tires. Improved economic conditions as compared to previous years in Asian countries like India and China had witnessed a rise in the sale of automobiles in the region which supports the demand for tubeless tires.

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Urbanization in Latin America

LATAM is expected to evolve as one of the most significant regional grounds for Highly reactive polyisobutylene market industry and was expected to register a CAGR of 4% up to 2024. Additive products have showcased a high demand in South America, especially in Mexico and Brazil. This is mainly due to policies established by the regulatory authorities over environmental concerns which amplifies the need for lubricating oil with decreased emissions. Additionally, the region has witnessed an improvement in the standard of living over the years which had driven the sale of vehicles in the region.

Highly reactive polyisobutylene market manufacturers are constantly enhancing their product offerings to maximize their profits and achieve a competitive advantage. Prominent industry players include Janex, Mayzo, Petronas, RB Products, BASF and TPC Group, among various others.

Key Point Of TOC:

Chapter 7. Company Profiles

7.1. TPC Group
7.1.1. Business overview
7.1.2. Financial data
7.1.3. Product landscape
7.1.4. SWOT analysis
7.1.5. Strategic outlook

7.2. RB Products, Inc.
7.2.1. Business overview
7.2.2. Financial data
7.2.3. Product landscape
7.2.4. SWOT analysis
7.2.5. Strategic outlook

7.3. BASF SE
7.3.1. Business overview
7.3.2. Financial data
7.3.3. Product landscape
7.3.4. SWOT analysis
7.3.5. Strategic outlook

7.4. PETRONAS
7.4.1. Business overview
7.4.2. Financial data
Continue...

Many companies are entering into partnerships, acquisitions, and strategic alliances to improve their offerings. TPC Group had announced its capacity expansion program to enhance the overall production and meet the high product demand.

Negative impact on aquatic life?

The use of the product as a lubricant additive may still witness environmental restrictions that may pose an obstacle to the product market growth. The use of the product in a water conveyance vehicles may hamper the aquatic life. Environmental protective authorities such as the WWF, Oceanic Preservation Society, PETA, and others have imposed strict rules against the use of reactive chemicals that affect marine environment.

Strong demand for additives

In terms of application expanse, the additive segment in HR-PIB industry was valued at USD 145 million by the end of 2016. The rapid growth was due to the detergent attributes that minimize particulate emissions and hydrocarbons when mixed with fuel.

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The prevailing need for low-soot fuels will bolster the need for the product and ensure high market returns. Highly reactive polyisobutylene market is mixed with lubricating oils in small amounts to prevent the creation of oil and mist and improve the end product execution for the customers.

Demand for low molecular weight HR-PIB

The demand for low molecular weight Highly reactive polyisobutylene market was anticipated to grow at a notable rate by 2024. The product extends various other advantages such as the minimal formation of char during the process of production, which further magnifies HR-PIB market prospects.

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