Highly Reactive Polyisobutylene Market to Cross $332.3mn by 2024
Robust product demand as lubricant & fuel additive due to its ability to improve the overall performance of vehicle by reducing emissions, this is a major factor which will make noteworthy contribution to highly reactive polyisobutylene market size by 2024. Stringent environmental regulations imposed by regional regulatory bodies are encouraging product use which can reduce emissions from vehicles. Additionally, rising automotive industry primarily in Asia Pacific will also have positive impact on the highly reactive polyisobutylene market size by 2024. This is majorly attributed to impervious nature of product which makes it preferable in manufacturing tubeless tires.
Request for a Sample copy of this Report@
Product use as lubricant additive and may have environmental implications which is probable to obstruct the highly reactive polyisobutylene market size by 2024. Its use in water transportation vehicles may have an adverse impact on aquatic life. Currently, there are limited regulations against product use, however, environmental protection groups including the Wildlife Trust, Marine Conservation Society, etc. are appealing the U.K. government to introduce and implement stringent regulations which is likely to hamper the overall highly reactive polyisobutylene market size by 2024.
High molecular weight HR-PIB market size was over USD 60 million in 2016. It is comparatively more viscous than low & medium molecular weight product and finds application in both tire manufacturing and as additive in lubricants & fuels, adhesive, sealants and various other applications including metal working, cosmetics, chewing gums, medical packaging, etc. High product demand across automotive, construction, medical industry, etc. will help achieve substantial gains to highly reactive polyisobutylene market size by 2024.
Inquiry Before Buying of this Report@
Highly reactive polyisobutylene market size for automotive is likely to rise with over 4% CAGR by 2024. It is primarily due to its applications in manufacturing tire inner liners which has propelled its demand across automotive industry. Moreover, the product offers excellent inflation pressure retention for all types of tires. It also offers barrier properties, resistance to ozone, high damping and heat aging, which makes it ideal for automotive vibration control. Thus, the increasing demand for tires, on account of the rapidly growing automobile industry, is expected to augment highly reactive polyisobutylene market size substantially within the forecast period.
Asia Pacific highly reactive polyisobutylene market size was valued over USD 100 million in 2016. Robust product demand is majorly due to rising automotive industry, primarily in India and China mainly due to growing population in the region. Additionally, construction industry in the region is likely to exhibit 7% CAGR in the coming years. This will subsequently have a positive impact on the highly reactive polyisobutylene market size due to its applications as adhesive & sealant in flooring, insulation, panel, partitions and roofing, facades and fire protection.
Browse Report Summery @ http://bit.ly/2rCG3GC
Key prominent highly reactive polyisobutylene market players are RB Products, Lanxess, BASF, Petronas, Janex, Kothari Petrochemicals, Mayzo and TPC Group. Major players are actively engaged in investing in HR-PIB production unit to expand their business in the market by undergoing merger, acquisition and joint agreement. For instance, BASF and Petronas had invested in a joint venture in South East Asia in March 2016, with an overall capacity of 50,000 tons of highly reactive polyisobutylene. It was intended to meet the rapidly rising consumer demand in the region due to growing automotive and construction industry.
Read Our Blog:
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.
Corporate Sales, USA
Global Market Insights, Inc.
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 Highly Reactive Polyisobutylene Market to Cross $332.3mn by 2024 here
News-ID: 915426 • Views: 116
More Releases from Global Market Insights Inc.
Aircraft Fairings Market Analysis by Application, Material, Distribution Channel …
The aircraft fairings market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights. Advancements in
Farm Management Software Market Outlook By Emerging Trends & Opportunity Forecas …
The farm management software market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the farm management software market share and the information pertaining to the regulatory
Traffic Management System Market 2025: Comprehensive Insights and Growth Potenti …
A detailed analysis of the traffic management system market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the traffic management system market report also contains information on
Personal Cloud Market: Growth Trends, SWOT Analysis & Forecast To 2025
The personal cloud market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights. The personal
More Releases for Highly
Artificial Turf Market Highly Innovative Products 2025
Global Artificial Turf Market: Snapshot Growth opportunities abound in the global market for artificial turf as residential and commercial property owners increasingly focus on ways of keeping lawns green even during the rising incidences of draughts across the globe. Along with providing an easy way of conserving the water otherwise spent on keeping natural grass alive, artificial grass, or artificial turf as it is often referred to, helps eliminate the need
Varactor Diode Market highly efficient Growth 2025
Global Varactor Diode Market: Snapshot Varactor diodes are utilized extensively in wireless infrastructure. They play a significant role in the proper operation of 5G technology, as these diodes are highly efficient in enhancing linearity function for high speed applications. A considerable rise in the sales of electronic goods, such as laptops, smartphones, and tablets can be observed across the world in the near future, thanks to the advent of 5G technology.
Dental Consumables Market Highly Fragmented over 2025
Global Dental Consumables Market: Overview The global dental consumables market is driven by a growing importance for medical esthetics, which is a clinical subspecialty concentrating on the improvement or enhancement of the appearance by making use of cosmetic treatments. A number of MI procedures are used for the enhancement of an individual’s appearance. The use of dental implantation among others has become popular for people as they are inclined towards having
IDM launches highly protected distributed storage service
IDM Protect decentralised storage service is ready for production. The service is a response to most important data security challenges. The innovative solution combines modern distributed architecture and unique competitive advantage – the SIZE algorithm. Data storages deal with two main threats – unauthorised access and data loss. To solve the first problem they use encryption, which should prevent anyone who is not meant to access the data stored. In reality,
Highly affecting Bugs of 2017
In 2017, nearly half of the total populace confronted various bug in software testing, as indicated by a software product testing organization TestOrigen. Simply envision, 2017 bug issues influenced approx 75,000 passengers. Is it happen? It is known as software “butterfly impact” – “little variety in the underlying states of a dynamic framework may deliver vast variety in the long haul conduct of the framework”. As indicated by the TestOrigen’ “One glitch
Highly-effective and affordable temperature logging devices
United States 20-03-2017. TempGenius is glad to provide you the highly effective and smart monitoring solutions ideal to meet your different needs exactly. Maintaining the right temperature at the storage is really very essential to assure their quality doesn’t; suffer in the long run. And for that it is very essential to maintain the right temperature and humidity level at the storage place. Warehouse temp monitor and humidity control devise