Press release
Polyisobutylene Market Global Trends 2017 to 2024, Future Growth & Industry Drivers
Global Market Insights has announced the addition of a new forecast research report "Polyisobutylene (PIB) Market Size By Molecular Weight (High, Medium, Low), By Application (Automotive, Additives), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024".
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It is chiefly used as a modifier or base polymer in the adhesives & sealants industry due to its superior characteristics such as stability, adhesion, moisture resistance and tackiness. These properties make the product ideal for hot melt pressure sensitive adhesive applications.
The global adhesives business generated revenue close to USD 25 billion in 2015 and is likely to exceed USD 35 billion by 2024. Robust growth in the adhesives & sealants business on account of its widespread applications spectrum in industries including packaging, construction and automotive for flooring, insulation, panel, partitions and roofing will positively impact on the polyisobutylene market share by 2024.
The Polyisobutylene Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Polyisobutylene Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2012 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
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4. Polyisobutylene Market Product Insights
Tire and tube manufacturing industries are the potential polyisobutylene market driver. The product is majorly used in the tubeless tire manufacturing owing to its water-resistant characteristics. In addition, the global tires and tubes industry is projected to expand with more than 5% CAGR by 2024, which will subsequently push the business growth over the estimated period. Furthermore, improving consumer spending pattern towards lavish lifestyles, has substantially propelled the automotive production and sales across the globe.
Positive growth indicators in the medical packaging business will drive the global polyisobutylene market size by 2024. Widespread product applications in serum vials, saline bottles and seals due to its low absorptivity and superior chemical resistance against moisture, air and gases will positively influence the PIB market size over the projected timeframe.
5. Polyisobutylene Market Application Insights
In 2015, high molecular weight led the global polyisobutylene market size, primarily due to its widespread applications in the sealants and automotive industry. Also, superior flexibility and dielectric characteristics along with light weight, makes the product suitable in manufacturing electric wire coatings. Medium molecular weight will observe gains around 5% CAGR by 2024.
In 2015, automotive accounted for more than 50% of the global polyisobutylene market share. Increasing product usage in tires and tubes manufacturing owing to its high inflation pressure capacity, high damping and ozone resistance will positively impact business growth. Adhesives will experience maximum growth more than 4.5%.
6. Polyisobutylene Market Regional Insights
North America polyisobutylene market size is projected to expand at over 4% CAGR by 2024. The regional growth is primarily driven by enormous automotive demand in the U.S. Furthermore, recovering U.S. construction industry post 2008 economic turmoil will push the business growth for sealants and adhesives applications.
Asia Pacific accounted for the major polyisobutylene market share in 2015. Presence of strong tire and tube manufacturing industries in India, China, Malaysia and Indonesia along with increasing automotive sales on account of improving consumer lifestyles was the prime factor promoting the regional growth.
Source Report@
https://www.gminsights.com/industry-analysis/polyisobutylene-pib-market
7. Competitor Profiles
In 2015, the overall polyisobutylene market share was highly consolidated with three major companies holding over 50% of the total supply. BASF SE, Lanxess AG, ExxonMobil Corporation, The Lubrizol Corporation, TPC Group, Chevron Oronite Company LLC, Berkshire Hathaway Inc., and Infineum International Ltd are some the prominent PIB market share contributors.
About Global Market Insights, Inc.:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com/
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