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Polyisobutylene Systems - Global Industry Analysis 2023

The global market for polyisobutylene shows a high degree of consolidation with a small number of players controlling the business dynamics. In 2014, the top three players, namely, ExxonMobil Corp., Lanxess, and Nizhekamskneftekhim, collectively held a share of 65.5% in the overall market. A strong global presence has supported these companies to acquire the leadership.

Leading players in this market have adopted highly innovative marketing strategies; foremost of them is integrated operations with patented technologies. Going forward, these companies will aggressively focus on joint ventures, mergers, acquisitions, and strategic alliance to tackle the increasing competition.

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Advent of Tubeless tires Fuels Demand for Polyisobutylene

Nowadays, thanks to the rising disposable income of people across the world, the demand for automobiles is increasing by leaps and bounds. Tubes and tires, being an integral part of vehicles, are also witnessing a rapid surge in demand. Due to its impermeable nature, manufacturers are increasingly using polyisobutylene for the production of inner liners of tires. The advent of tubeless tires, which are more durable and need less maintenance, has also driven the application of polyisobutylene in tires as it is highly impermeable to air.

Apart from these, the demand for polyisobutylene is also influenced by the growing application of adhesives and sealants, worldwide, as it is used as a base polymer or modifier in these products. Medical packaging is also emerging as a hot ground for the application of polyisobutylene in the global arena.

On the flip side, the severe impact of polyisobutylene spills on the environment, specifically on water bodies, is projected to limit its application to some extent.

Automotive Sector to Remain Leading Consumer of Polyisobutylene

The global market for polyisobutylene has been witnessing a healthy rise over the last few years, finds TMR. In 2014, the overall demand for polyisobutylene stood at 1,168.0 kilo tons. Analysts expect the opportunity in polyisobutylene to increase significantly from US$3.3 bn in 2014 to US$5.3 bn by 2023 at a CAGR of 5.40% between 2015 and 2023.

Currently, Asia Pacific leads the global market and is expected to remain at the leading position throughout the forecast period. Rapid industrialization and the growing demand for automobiles are likely to fuel the demand for polyisobutylene in this region over the coming years. In 2014, the region held a share of over 55% in the overall demand for polyisobutylene, which is projected to expand to nearly 60% by the end of 2023.

The automotive sector has emerged as the leading application area for polyisobutylene. The segment is anticipated to remain the foremost polyisobutylene consumer during the forecast period. Among products, the demand for other polyisobutylene, such as low weight and high weight molecular polyisobutylene, is higher than medium molecular weight polyisobutylene. The trend is expected to continue to rise in the near future.

The study presented here is based on the findings of a report by Transparency Market Research (TMR) titled “Polyisobutylene Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”

Key Takeaways:
Strong Global Presence Supports Top Players to Sustain Competition
Demand for Automobiles boosts Application of Polyisobutylene
Global Opportunity in Polyisobutylene to Reach US$5.3 bn by 2023

The report segments the polyisobutylene market as follows:
By Product
Medium Molecular Weight Polyisobutylene
Others

By Application
Automotive
Additive
Others (Chewing Gum, Sports Equipment, Medical Bottle Stoppers, etc.)

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact Us

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

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