Press release
(PIB) Polyisobutylene Market Global Trends 2016 to 2024, Future Growth & Industry Drivers
(PIB) PolyisobutyleneMarket size is poised to surpass USD 2 billion by 2024.Escalating product demand in the adhesives & sealants industry will be the prominent polyisobutylene market size contributor over the projected timeframe. 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.Global Market Insights has a new study based report titled " (PIB) PolyisobutyleneMarket 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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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 (PIB) Polyisobutylene Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. (PIB) Polyisobutylene Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 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. (PIB) Polyisobutylene Market Product Insights
5. (PIB) Polyisobutylene Market Application Insights
The global polyisobutylene market size for automotive accounted for more than half of the global volume in 2015. Tire and tubes are the basis components used in the automotive industry. The product is used for inner liner in the tire, which holds the air.
It offers superior inflation pressure holding, ozone resistance, high damping, barrier properties and heat aging, which makes it suitable for automotive vibration control for all the tire types. Positive growth indicator in the automotive industry, particularly due to improving consumer lifestyle dynamics will positively influence the business growth by 2024.
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6. (PIB) Polyisobutylene Market Regional Insights
North America, mainly led by the U.S. polyisobutylene market size will witness growth close to 4% over the forecast timeframe. Increasing durable tires demand from consumer to hold strong grip in snow will positively influence the regional growth. Massive automobile customer base in the U.S will push the business growth for additives. In addition, upcoming U.S. construction industry will boost the product demand for adhesives and sealant applications.
Asia Pacific led the global market size in 2015. Prevalence of strong tire and tube manufacturing industries in China, India, Indonesia and Malaysia was the major factor contributing the regional business growth. Increasing automotive sales in India and China, mainly due to increasing consumer per capita disposable income along with reduced interest rates on car loans will complement PIB market size.
7. Competitor Profiles
The global polyisobutylene market share was highly consolidated in 2015 with top three manufactures accounting for more than half of the global share. Key industry players have their presence across multiple stages of the industry ecosystem, which helps them to acquire a massive chunk of the business share. Some of the product manufacturer includes BASF SE, ExxonMobil Corporation, Lanxess AG, TPC Group, The Lubrizol Corporation, Chevron Oronite Company LLC, Infineum International Ltd. and Berkshire Hathaway Inc.
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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