Highly Reactive Polyisobutylene (HR-PIB) Market Report By 2021 | Top Key Players - BASF SE, PETRONAS, Janex, Lanxess, Kothari Petrochemicals and Mayzo

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.

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

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.

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.

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.

Request for customization @ https://www.gminsights.com/roc/2233

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.

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.

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.

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

This release was published on openPR.