Press release
Polyisobutylene Market Growth: Key Trends, Influential Players, Market Size, and CAGR Projections
Polyisobutylene Market Share
Global Polyisobutylene Market witnessing strong growth, fuelled by demands in lubricant and fuel additives, advancements in polymer science, and innovations in tyre manufacturing.
What Is The Projected Market Size Of The Global Polyisobutylene Market And Its Growth Rate?
• The polyisobutylene market size has grown from $2.63 billion in 2024 to $2.8 billion in 2025.
• It is projected to grow to $3.67 billion in 2029 at a compound annual growth rate (CAGR) of 7.1%.
• This growth can be attributed to advancements in polymer science, rise in demand for biodegradable polymers, focus on sustainable packaging, increase in demand for synthetic rubber, and demand for high-performance lubricants.
What Is Driving The Growth In The Polyisobutylene Market?
The rising demand in the tyres and tubes market is propelling the growth in the polyisobutylene market forward. Polyisobutylene, a synthetic rubber, is used in the production of tyre inner tubes for various vehicles due to its ability to act as an oxygen barrier. The tyre shipments in the United States alone have increased from 335.2 million units in 2021 to an estimated 342.1 million units in 2022. This increasing demand is a major growth driver for the polyisobutylene market.
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Who Are the Key Players Driving Polyisobutylene Market Growth?
• Badische Anilin und Soda Fabrik Societas Europaea
• 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
• and many others.
What Are The Key Trends In The Polyisobutylene Market?
• Technological innovations in tyre manufacturing
• Advancements in polymer modification
• Globalization and market expansion
• Technological innovations in PIB production
What Are The Segments Of The Global Polyisobutylene Market?
1) By Product: Conventional PIB, Highly Reactive PIB
2) By Molecular Weight: Low, Medium, High
3) By Application: Tires And Tubes, Adhesives, Sealants, Lubricants, Electrical Insulation, Stretch Wrap
4) By End User Industry: Industrial, Food, Other
Which Region Leads The Polyisobutylene Market?
Asia-Pacific was the largest region in the polyisobutylene market in 2024 and is expected to maintain its lead throughout the forecast period. The regions covered in the polyisobutylene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Polyisobutylene Market Global Market Report?
- Market Size Analysis: Analyze the Polyisobutylene Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Polyisobutylene Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Polyisobutylene Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Polyisobutylene Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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