openPR Logo
Press release

5.6% CAGR Anticipated for Polyisobutylene Market During 2017-2025

5.6% CAGR Anticipated for Polyisobutylene Market During

The global polyisobutylene (PIB) market is featured by a high degree of consolidation with a handful of multinational players that operate in global markets and occupy leading market shares, observes Transparency Market Research in one of its recent reports. In the coming years, however, participation of new entrants predominantly in Asia is likely to alter the scenario, thereby altering the market share of leading players.

Key players in the global polyisobutylene market are hard focused on expansion of core products and divesting from other products in a bid to strengthen their presence in the polyisobutylene market. For example, TPG Group Inc., sold its Baytown-based operations of manufacture of tetramer, nonene, and other propylene derivatives to SI Group. This will help the company focus in its core business areas.

Furthermore, well-entrenched players are striving for capacity expansion with the objective to increase the output of core products. This will help them serve the rising needs of end use industries and steal a march over their competitors.

Some of the leading players in the global polyisobutylene market are BASF SE, TPC Group Inc., Kothari Petrochemicals Limited, The Lubrizol Corporation, INEOS Group Ltd., and Shanndong Hongrui Petrochemical Co. Ltd.

According to a report by Transparency Market Research, the global polyisobutylene market is likely to expand at a CAGR of 5.6% for the forecast period between 2017 and 2025. At this pace, the market is expected to reach a valuation of US$6.39 bn by the end of 2025 increasing from US$3.92 bn in 2016.

Request For Report Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1734

On the basis of molecular weight, low, medium, and high are the segments into which the global polyisobutylene market is segregated in this report. The segment of high molecular weight polyisobutylene led in 2016 accounting for a whopping 70% market share. On the other hand, the segment of medium molecular weight is expected to rise with the growing demand for lubricants from the automobiles and manufacturing industries.

Tires and tubes accounted for the leading share of more than 45% vis-à-vis volume in 2016. The segment is expected to hold on to its dominant position on the back of continual growth of the automotive industry.

Growth of Automotive Industry Ramps up Polyisobutylene Demand

The primary factor fuelling growth in the global polyisobutylene market is the booming automotive industry, predominantly in Asia Pacific, the Middle East and Africa, and Latin America. Polyisobutylene is used in the manufacture of tubeless tires and tire linings that form essential components of the automotive industry. The global tire market poised to rise at a CAGR of more than 4% between 2017 and 2025 is anticipated to positively influence the global polyisobutylene market.

Polyisobutylene is also used as an additive in the production of several motor fuels and lubricant oils on account of associated environmental benefits. This is because polyisobutylene when added to diesel oil helps reduce hydrocarbons and particulate matter emissions. Also, the use of PIB as an additive improves viscosity of products. These factors are boosting the market’s growth further.

Request For Report Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1734

Environmental Concerns related to PIB Spills Hinders Growth

On the flip side, impact on the environment related to PIB spills is proving to be a major roadblock for the growth of global polyisobutylene market. Nevertheless, rising acceptance of recyclable polyisobutylene material is expected to extend growth opportunities to the polyisobutylene market over the forecast period.

The review presented is based on the findings of a report by Transparency Market Research, titled “Polyisobutylene Market (Molecular Weight Type - Low, Medium, and High; Application - Tires & Tubes, Automotive, Lubricants, and Adhesives & Sealants) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”

The global polyisobutylene market is segmented as follows:

Polyisobutylene Market: Molecular Weight Type Analysis

Low
Medium
High

Polyisobutylene Market: Application Analysis

Tires & Tubes
Automotive
Lubricants
Adhesives & Sealants
Others (Medical, Chewing Gum, Detergents, and Dispersants etc.)

About US
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact US
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Website: https://www.transparencymarketresearch.com/
Email: sales@transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
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 5.6% CAGR Anticipated for Polyisobutylene Market During 2017-2025 here

News-ID: 864757 • Views:

More Releases from Transparency Market Research

Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights for the USD 15.9 Bn Market 2022-2031
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And Competitors
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry. 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359 Key Players and Market Developments Key players
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expected
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bn

All 5 Releases


More Releases for Polyisobutylene

Polyisobutylene Phenol Market 2022 | Detailed Report
The Polyisobutylene Phenol research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the Polyisobutylene Phenol research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving force. Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=5390010
Polyisobutylene Market at a CAGR of 5.60%
Transparency Market Research (TMR) witnesses the global polyisobutylene market has a highly fragmented competitive scenario. Some of the companies operating in the global polyisobutylene market are Lanxess, Nizhekamskneftekhim, and ExxonMobil Corp. accounted for 65% in 2016. The key players in this market have taken up profoundly imaginative marketing systems, for example, incorporated tasks with licensed innovations for the further advancement of their organizations. These organizations are additionally expected to forcefully
Polyisobutylene Market Foreseen to Grow Exponentially by 2025
Overview TMR’s report on the Polyisobutylene Market is an all-important tool for stakeholders in their pursuit to discover avenues for innovation, and further undertake strategic planning for the launch of products and services. Our research report on the Polyisobutylene Market serves as a valuable guide for stakeholders. The report deep dives into demand drivers, challenges, and opportunities that are likely to influence the Polyisobutylene Market over the forecast period. These indicators help
Polyisobutylene Market to Develop Rapidly by 2024
The global polyisobutylene (PIB) market is featured by a high degree of consolidation with a handful of multinational players that operate in global markets and occupy leading market shares, observes Transparency Market Research in one of its recent reports. In the coming years, however, participation of new entrants predominantly in Asia is likely to alter the scenario, thereby altering the market share of leading players. View Full Report: https://www.transparencymarketresearch.com/polyisobutylene-market.html Key players
Polyisobutylene Market: Latest Trends,Analysis & Insights 2025
Transparency Market Research, as per one of its recent reports, observes the global polyisobutylene (PIB) market to be highly consolidated with a handful of multinational players that operate globally and occupy leading shares. However, the scenario is expected to change with the emergence of aspiring players from Asia that may alter the market share of leading players. BASF SE, The Lubrizol Corporation, TPC Group Inc., INEOS Group Ltd, Kothari Petrochemicals Limited,
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