Polyisobutylene (PIB) Market trends for 2016 & industry forecast to 2024

The incredible expansion of the automotive industry across the globe will stimulate Polyisobutylene (PIB) Market significantly over the next few years. Players of the automotive sector are also increasingly investing in research & development activities and technological innovations, which will further augment PIB industry. Polyisobutylene is mainly used in rubber, which is the primary constituent of tires and tubes. Of late, the automobile industry has witnessed the invention of the tubeless tire as well. Such inventions are sure to propel global polyisobutylene industry.

PIB is heavily deployed to manufacture packaging products due to its low permeability to moisture, air, and gasses along with high chemical resistive nature, which will spur PIB industry size from the medical sector. According to Global Market Insights, Inc., “Polyisobutylene market having had a revenue of USD 1.25 billion in 2015, will witness an annual growth rate of 5% over the coming years of 2016 to 2024.”

Global Market Insights has a new study based report titled " 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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The report offers all-inclusive analysis of:

1 Market structure
2 Factors restraining market growth
3 Market growth drivers
4 Opportunities and challenges
5 Market estimations and forecast for projected period

Byproducts obtained from the chemical reaction of polyisobutylene are extensively used as additives in fuels and lubrication oils. Adhesive application in polyisobutylene industry is anticipated to register an annual growth rate of more than 4.5% over the period of 2016 to 2024. PIB is used as a lubricant thickening agent and it helps clean water-borne oil stumbles as well. The growing demand for lubricants for vehicle maintenance will thus, favorably influence the industry growth.

The automotive sector dominated the application landscape by accounting more than 50% of the global revenue share in 2015 and will record a considerable growth rate over the coming seven years. The growth can be attributed to the increasing need of tubes and tires for the automobiles pertaining to characteristics such as high damping, better inflation pressure holding, and heat aging.

Based on molecular weight, polyisobutylene market is mainly divided into low, medium, and high. High molecular weight product will exhibit considerable growth rate over the years ahead, owing to its escalating requirement in the automotive sector pertaining to its key properties such as oxidation and heat resistance. PIB products with high molecular weight possess characteristics such as improved flexibility, dielectric properties, and light weight. Pertaining to this fact, these products are used to manufacture electric wire coatings. Medium molecular weight polyisobutylene market will record an annual growth rate of 5% over the coming seven years.

The Polyisobutylene (PIB) Market Report Consists of,

1. Methodology and Scope
2. Executive Summary
3. Polyisobutylene (PIB) 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

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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

4. Polyisobutylene (PIB) Market Product Insights
5. Polyisobutylene (PIB) 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.

6. Polyisobutylene (PIB) 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.

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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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