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Polyisobutylene Global Market Size is Expected to reach $3.13 Billion at a CAGR of 5.7% By 2027 | Major Players: BASF SE, TPC Group, Lubrizol Corporation, INEOS Group Limited, Braskem
Polyisobutylene Market
The Business Research Company's Polyisobutylene Global Market Report 2023 identifies the 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.
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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Major players in the polyisobutylene market are 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, Evonik Industries AG, KEMAT N.V, Santa Cruz Biotechnology Inc. and KEMAT N.V.
Increasing demand in the construction industry is expected to propel the growth of the Polyisobutylene market going forward. The construction industry refers to the building of new infrastructures.
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The Polyisobutylene market is segmented -
1) By Product: Conventional PIB, Highly Reactive PIB
2) By Molecular Weight: Low Molecular Weight, Medium Molecular Weight, High Molecular Weight
3) By Application: Tires And Tubes, Adhesives, Sealants, Lubricants, Electrical Insulation, Stretch Wrap
4) 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.
The Business Research Company's "Global Polyisobutylene Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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