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Global Polyisobutylene Market 2023-2032 : Demand, Trend, Segmentation, Forecast, Overview And Top Companies Include BASF SE, TPC Group, Lubrizol Corporation, INEOS Group Limited, Kothari Petrochemicals Limited
Polyisobutylene Market
Polyisobutylene Market Size, Growth Rate, And Forecast
The global polyisobutylene market size is expected to grow from $2.36 billion in 2022 to $2.51 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The polyisobutylene market size is expected to reach $3.13 billion in 2027 at a CAGR of 5.7%.
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Polyisobutylene Market Drivers
Rising demand for the tires and tubes market is expected to propel the growth of the polyisobutylene market going forward. Tires and tubes are the automotive components that are helpful in transportation. Polyisobutylene is a synthetic rubber utilized in the production of tire inner tubes for buses, vehicles, lorries, and airplanes due to its ability to act as a barrier to the passage of oxygen, thus, an increase in demand for tires and tubeless tires is propelling the demand for polyisobutylene.
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Polyisobutylene Market Segments
• By Product: Conventional PIB, Highly Reactive PIB
• By Molecular Weight: Low Molecular Weight, Medium Molecular Weight, High Molecular Weight
• By Application: Tires And Tubes, Adhesives, Sealants, Lubricants, Electrical Insulation, Stretch Wrap
• By End User Industry: Industrial, Food, Other End User Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Polyisobutylene market.
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Polyisobutylene Market Key Players
Major competitors in the Polyisobutylene market include BASF SE, TPC Group, Lubrizol Corporation, INEOS Group Limited, Kothari Petrochemicals Limited, Braskem, ENEOS Corporation, Janex S.A., RB Products Inc., Chevron Corporation, Mayzo Inc., Reliance Industries Limited
The Business Research Company's "Global Polyisobutylene Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Polyisobutylene Market Include:
1. Executive Summary
2. Polyisobutylene Market Characteristics
3. Polyisobutylene Market Trends And Strategies
4. Polyisobutylene Market - Macro Economic Scenario
5. Polyisobutylene Market Size And Growth
……….
27. Polyisobutylene Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Polyisobutylene Market
29. Polyisobutylene Market Future Outlook and Potential Analysis
30. Appendix
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