Highly Reactive Polyisobutylene Market Industry Analysis, Size, Share, Growth, Trend And Forecast 2028

According to Premium Market Insights new research study on "Highly Reactive Polyisobutylene Market is projected to reach US$ 697.44 million by 2028 from US$ 508.77 million in 2021; it is expected to grow at a CAGR of 4.6% from 2021 to 2028.

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Some Of the Major Players Influencing are TPC Group; RB PRODUCTS INC.; BASF PETRONAS Chemicals Sdn. Bhd; Shandong Hongrui New Material Technology Co., Ltd; Daelim Co., Ltd.; Chevron Corporation; The Lubrizol Corporation; KEMAT Polybutenes; Weifang Binhai Petro-chem Co., Ltd.; and Nelson Brothers Incorporated are among the key market players in the highly reactive polyisobutylene market.

The highly reactive polyisobutylene (HR-PIB) market is growing notably due to the high demand from adhesive/sealant, lubricant, grease, and hydraulic fluid production companies, among others. Companies in the highly reactive polyisobutylene market are adopting strategies such as investments in research and development, and expansion to stand out as strong competitors. These strategies allow them to expand their production capacities to meet the evolving customer demands.

The market has been segmented on the basis of application into adhesives/sealants, lubricant & grease, hydraulic fluids, metal working fluids, and others. The lubricant & grease segment held the largest share in the market in 2020. HR-PIB is used as an intermediate for lubricant additive manufacturing. It helps enhance the overall performance of lubricants. The flourishment of the automotive and aircraft industries, especially in emerging regions such as Asia-Pacific, boosts the demand for lubricants and grease, in turn, driving the sales of HR-PIB.

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In 2020, Asia Pacific held the largest share of the highly reactive polyisobutylene market. This region is one of the prominent markets for HR-PIB owing due to presence of high production facilities for fuel and lubricant additives, such as fuel detergents and dispersants for engine oils. Moreover, government initiatives and policies, such as Make in India, encourage the proliferation of the manufacturing sector in various countries in the region.

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The size of overall global highly reactive polyisobutylene market has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical market insights. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants-including valuation experts, research analysts, and key opinion leaders-specializing in the highly reactive polyisobutylene market.

Table Of Contents
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Highly Reactive Polyisobutylene Market, by Application
1.3.2 Highly Reactive Polyisobutylene Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Highly Reactive Polyisobutylene Market Landscape
4.1 Market Overview
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Highly Reactive Polyisobutylene Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Use of HR-PIB in High-Performance Fuel and Lubricant Additive Production
5.1.2 Proliferation of Automotive Sector
5.2 Market Restraints
5.2.1 Availability of Substitute
5.3 Market Opportunities
5.3.1 Growing Focus of Market Players on Boosting Production Capacities
5.4 Future Trends
5.4.1 New Polymerization Techniques and Growing Demand in Diverse Industries
5.5 Impact Analysis of Drivers and Restraints
Continued…...!

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This release was published on openPR.