Press release
Polybutene-1 Market Will Be Valued At Us$ 850 Mn By 2022 - 2031 : Fact.MR
A recently revamped study published by Fact.MR anticipates the global polybutene-1 (PB-1) market to post significant gains, flourishing at a CAGR of 7.5% from 2022-2032, reaching a value of US$ 850 Mn. Growth is principally attributed to applications across key areas, including manufacturing of consumer electronics, cosmetic products and plumbing & piping systems.From 2017 to 2021, the market experienced a modest growth trajectory, registering a CAGR of 2.4%. During the COVID-19 pandemic, this sluggish outlook was further accentuated, as major end use industries, especially packaging and plumbing, witnessed a significant trough. However, demand remained sustained in the food packaging industry, as sales of RTE foods increased exponentially.
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Key Segments Covered in the Polybutene-1 Industry Report
By Product Type
Polybutene-1
Random Polybutene-1
By Process Technique
Extrusion Grade Polybutene-1
Extrusion Blow Molding Grade Polybutene-1
Injection Molding Grade Polybutene-1
By Application
Polybutene-1 for Packaging Material
Cold Meat
Cheese
Smoked Salmon
Powder Milk
Rice
Coffee Pads
Others
Polybutene-1 for Film Modification
BOPP
Cast PP
Polybutene-1 for Polyolefin Modification
Polybutene-1 for Piping / Plumbing Systems
Hot and Cold Water Supply Systems
District Heating Lines
Pressurized Plastic Tanks
Underfloor Heating
Others
Polybutene-1 for Electric Domestic Heaters
Polybutene-1 for Hot Melt Adhesives
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Key Takeaways from the Market Study
By processing technique, extrusion grade PB-1 to surge at a CAGR of 5% through 2032
PB-1 for piping and plumbing systems to register a robust 9% value CAGR, reaching US$ 268 Mn
Europe to account for 33% of global PB-1 market revenue, amid high applications in the piping and plumbing segment
India to be an opportunistic market for PB-1 manufacturers, capturing a revenue share worth 30%
Global polybutene-1 industry revenue to surpass US$ 411 Mn by the end of 2022
Competitive Landscape
The market is highly consolidated in nature, and key manufacturers are constantly involved in developing new product lines to enter new application arenas. Moreover, their quest for market dominance is high owing to a rapidly growing market with high potential across regions.
For instance, Lyondellbasell offers Akoalit PB DKG 300, which is a mono polymer manufactured from a butane-1 polymer. The product is used where high stiffness, outstanding creep, property retention and low thermal expansion at elevated temperature are required.
Mitsui Chemicals, a Japan-based manufacturer with a global presence, offers a polybutene-1 product named Beaulon, used for cold and hot water supply pipes, oil supply pipes, and floor heating pipes. The product has created a unique identity in the global market because of its water resistance, chemical resistance, abrasion resistance, and flexibility.
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More Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the polybutene-1 market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.
The study divulges essential insights on the basis of product type (PB-1 and random PB-1), processing technique (extrusion, extrusion blow molding and injection molding) and application (packaging, film modification, polyolefin modification, piping system, electric domestic heater and hot melt adhesives) across six regions (North America, Latin America, Europe, East Asia, South Asia & Oceania and Middle East & Africa).
Source - https://www.factmr.com/report/polybutene1-market
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