Polyisobutylene Market Size, Share, Trends, Demand, Segments, Leading Companies and Forecast till 2031 / BASF SE, Daelim Co., Ltd, LANXESS AG, and The Lubrizol Corp.

Global polyisobutylene market is anticipated to grow at a CAGR of 5.6% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increased demand for polyisobutene in the automotive industry is driven by its use in the manufacturing of tires and other applications that contribute to improved performance, durability, and fuel efficiency. One of the primary uses of polyisobutene in the automotive industry is in the production of tires. Polyisobutene is added to tire formulations to enhance the tire's properties, such as tread flexibility, wear resistance, and rolling resistance. These improvements contribute to better overall tire performance and fuel efficiency. Polyisobutene can be used to reduce rolling resistance in tires. Lower rolling resistance means less energy is required to propel the vehicle forward, leading to improved fuel efficiency. This is particularly important as the automotive industry focuses majorly on sustainability and fuel economy. The addition of polyisobutene in tire formulations improves the durability and lifespan of tires. This is crucial for vehicle safety and cost-effectiveness, as durable tires require less frequent replacement.

In addition, polyisobutene can enhance the wet traction of tires, providing better grip on wet roads. This is important for overall road safety, especially in regions with diverse weather conditions. Polyisobutene can contribute to reducing vibrations in tires, leading to a smoother and more comfortable ride. This is an important factor in the automotive industry as manufacturers focus on enhancing the driving experience.

Moreover, polyisobutene's impermeable and adhesive properties make it valuable in the production of sealants and adhesives used in automotive applications. Moreover, polyisobutene can be used for sound and thermal insulation in vehicles. Its ability to form a barrier against gases and moisture makes it suitable for creating insulated materials that contribute to a quieter and more comfortable cabin environment. The use of polyisobutene in tire formulations can contribute to reducing the environmental impact of vehicles by improving fuel efficiency. The demand for materials that enhance fuel efficiency is on the rise as automotive manufacturers focus on sustainability and reducing carbon emissions.

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Market Coverage

The market number available for - 2023-2031
Base year- 2023
Forecast period- 2024-2031

Segment Covered- 

By Molecular Weight Type
By Application
By End-Use Industry

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- BASF SE, Daelim Co., Ltd, LANXESS AG, and The Lubrizol Corp., among others.

Polyisobutylene Market Report Segment

By Molecular Weight Type

Low    
Medium   
High

By Application

Adhesives and Sealants            
Automotive rubber components           
Fuel additives         
Lubricant additives    
2-Stroke Engines

By End-Use Industry

Transportation Sector    
Industrial       
Food

A full Report of Polyisobutylene Market is Available @  https://www.omrglobal.com/industry-reports/polyisobutylene-market

Polyisobutylene Market Report Segment by Region

North America                                                                                                           

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America
Middle East and Africa 

Company Profiles

Braskem S.A.
Dowpol Corporation
Eni S.p.A.
Exxon Mobil Corporation
INEOS Capital Limited
JX Nippon Oil & Gas Exploration Corporation
Kemipex
Kothari Petrochemicals Ltd.
LyondellBasell Industries Holdings B.V

Procter and Gamble
Reliance Industries Ltd.
SABIC
Shandong Hongrui New Material Technology Co., Ltd.
Shell Global
SIBUR Holding PJSC
TPC Group, Inc.  
Zhejiang Shunda New Material Co., Ltd.

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