openPR Logo
Press release

Polyisobutylene Market (PIB) Expected To Surpass USD 2 Billion By 2024

Polyisobutylene Market (PIB) Expected To Surpass USD 2 Billion

Worldwide Polyisobutylene Market having had a revenue of USD 1.25 billion in 2015, will register an annual growth rate of 5% over the period of 2016 to 2024, says new report by Global Market Insights, Inc.

Surging investments in the automotive and constructions sectors have led to the growth of global polyisobutylene (PIB) market. The automotive sector across the globe has been on a constant rise of late, which will lead to an increase in the demand for tires and tubes. PIB is extensively used in the manufacturing of tubes and tires.

Request for A Sample Copy of This Report @

It is also one of the key constituents used for the manufacturing of medical packaging stuff such as serum vials, seals, saline bottles, and injectables pertaining to the product benefits such as low permeability to gases, air, and moisture which will boost polyisobutylene (PIB) industry share.

High molecular weight polyisobutylene market dominated the product landscape in 2015 and is expected to generate a notable revenue over the years ahead. This product offers the characteristics such as oxidation and heat resistance, which will fuel its demand across automotive applications.

Additives and automotive are the primary application segments of polyisobutylene market. Additives application segment will collect significant revenue with an annual growth rate of more than 4.5% over the coming seven years. Increasing requirement of the product to diminish oil mist generation in the lubricating oils and fuels will augment the industry growth.

Browse complete summary of this report@

Additionally, surging demand of lubricants for automotive maintenance will influence the market size positively. Automotive applications dominated the application segment of polyisobutylene industry by covering more than 50% of the share in 2015 and will collect noticeable revenue by the end of 2024. Increasing use of the product to manufacture tubes and tires will contribute toward the industry growth noticeably.

Geographically, Asia Pacific polyisobutylene market led the regional landscape in 2015 and will collect significant revenue by the end of 2024. Surging demand of the product across the tire & tube manufacturing sector will augment the industry growth. India, China, Malaysia, and Indonesia will be the prominent revenue contributors of APAC region.

North America polyisobutylene (PIB) industry will exhibit an annual growth rate of 4% over the period of 2016 to 2024. Growing automobile customer base across this region will fuel the product demand. Additionally, surging usage of the product as adhesive and sealant across the construction sector will influence the industry size positively. U.S. is slated to be one of key contributors toward the regional growth.

Make an Inquiry Before Buying This Report@

The notable players in polyisobutylene market are BASF SE, Chevron Oronite Company LLC, ExxonMobil Corporation, TPC Group, Infineum International Ltd., Lanxess AG, and Berkshire Hathaway Inc.

About Global Market Insights:
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

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Polyisobutylene Market (PIB) Expected To Surpass USD 2 Billion By 2024 here

News-ID: 784650 • Views: 200

More Releases from Global Market Insights Inc.

Steam Autoclaves Market | Insights and Forecast Research Report 2024
The steam autoclave market size is expected to exceed more than US$ 3.1 Billion by 2024, Growing at a CAGR of more than 8.7% in the given forecast period. The extensive use of sterilizing surgical equipment in pharmaceutical and biomedical applications has been propelling steam autoclaves market share over the last few years. The primary reason for the massive deployment of these products in medical applications is the nontoxic and
Advanced Wound Care Market 2019 | Growth, Status and Forecast by 2025
The global advanced wound care market size is expected to reach USD 13.5 billion by 2025, at a CAGR of 5.0% during the forecast period, according to a new report by Global market insights, Inc. Europe advanced wound care market will experience 5.0% growth during the analysis period. Germany, UK, and France represents mature markets in Europe while Spain, Netherland, Belgium, Austria are forecasted to witness high CAGR. Aging demographics
Vascular Graft Market | Industry Analysis, Size, Share, Growth by 2024
Vascular graft market size is anticipated to exceed US$ 3.6 bn by 2024, states Global Market Insights, Inc. in its latest research report. Prominent industries involved in vascular graft market are Becton Dickinson (C.R. Bard), B. Braun, Cryolife (Jotec), Cook Medical, Endologix, Getinge AB, LeMaitre Vascular, Medtronic PLC, Terumo GmbH and W.L. Gore and Associates. These prominent business players are focusing on strategic mergers, new product launch and acquisitions to
Pharmacovigilance Outsourcing Market 2019 | Dynamics, Forecast, Analysis and Sup …
U.S. pharmacovigilance outsourcing market size dominated North America region and was valued at USD 783.2 million revenue in 2017 and is estimated to witness similar trend during the forthcoming years. The high growth is attributed to strong foothold of major pharma and medical device companies coupled with extensive drug development activities in the U.S. Moreover, high healthcare expenditure in the country and growing concern regarding drug safety and adverse drug

All 5 Releases

More Releases for PIB

Polyisobutylene (PIB) (CAS 9003-27-4) Market Professional Survey Report 2018
This report studies the global Polyisobutylene (PIB) (CAS 9003–27–4) market status and forecast, categorizes the global Polyisobutylene (PIB) (CAS 9003–27–4) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa). Polyisobutylene (PIB, also called polyisobutene) is a vinyl polymer that is made
Polyisobutylene (PIB) Market Report 2018: Segmentation by Product (C-PIB, HR-PIB …
Global Polyisobutylene (PIB) market research report provides company profile for Lanxess AG (Germany), BASF (Germany), Daelim (South Korea) and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on
Polyisobutylene Market - Rising Usage of PIB in Tubeless Tire 2017 - 2025
Global Polyisobutylene Market: Overview Polyisobutylene is a commercial polymer that has widespread applications across numerous industries owing to its superior thermal stability, flexibility, and impermeability to gases. PIB is majorly used in the manufacture of inner tire tubes and adhesives and sealants. The derivatives of PIB are used as thickening agent in motor fuels and in lubricating oils to minimize oil mist production. Request Sample Copy of the Report @ Global Polyisobutylene
Global Polyisobutylene (PIB) (CAS 9003-27-4) Sales Market Report 2018
To study the market for chemicals sector in a precise manner, Market Research Hub (MRH) has included a new research report. The report is titled “Global Polyisobutylene (PIB) (CAS 9003-27-4) Sales Market Report 2018, which enlightens the readers about the market share as well as growth rate during the period 2018-2025. The research study estimates that the chemicals industry would be rising with a positive CAGR during the same stated
MARKET REPORT : Global Polyisobutylene (PIB) (CAS 9003-27-4) Market Research Rep …
Qyresearchreports include new market research report Global Polyisobutylene (PIB) (CAS 9003-27-4) Market Professional Survey Report 2017 to its huge collection of research reports. The report on the global Polyisobutylene (PIB) (CAS 9003-27-4) market added recently to has been compiled by studying the various intrinsic and extrinsic factors that define the global market and thus helps provide a brief yet all-inclusive guideline for players from all sides of the industry to
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