Press release
Global Polyisobutylene Market 2017: Region Wise Analysis of Top Players in Market By Types and Application
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The latest report by IMARC Group, titled “Polyisobutylene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global polyisobutylene market has reached a value of more than US$ 2 Billion in 2016. Polyisobutylene or butyl rubber is a polymer of isobutylene which is produced from monomer isobutylene by using cationic vinyl polymerization. It appears as an elastic rubbery viscous or semi-solid substance which is tasteless, odourless and colourless. Some of the other properties of polyisobutylene include ozone resistance, biocompatibility, high heat and damping, weathering resistance and flexibility. Apart from this, it is also gas impermeable as it can hold air for a longer period of time.
Highlights of the global polyisobutylene market:
Increase in demand for tires and tubes globally acts as a major growth-inducing factor.
Transportation represents the largest end-use industry.
Europe dominates the market, holding the majority of the market share.
A strong growth in the transportation industry along with a rapid rise in the demand for tires and tubes across the globe acts as a major factor that is positively driving the growth of the global polyisobutylene market. The growth has also been influenced by increasing demand for lubricants on account of deposit control property of polyisobutylene. Moreover, other factors that are expected to contribute towards the growth include technological advancements, expanding R&D investments and increasing usage of polyisobutylene in the production of tubeless tires. However, strict rules and regulations by governments across nations along with rising consumer awareness about environment protection may act as a hindrance towards the growth of the market. Looking forward, the global polyisobutylene market is projected to reach a value of more than US$ 3 Billion during 2017-2022.
On the basis of product, the market has been segmented into conventional PIB and highly reactive PIB. Based on end-use, transportation represents the largest end-use industry. It is followed by industrial and food industries. The market has also been divided on the basis of application which includes tires, lube additives, fuel additives, 2-stroke engines, industrial lubes & others, and adhesives & sealants. Region-wise, Europe accounts for the majority of the total global share owing to rising attempts by governments in favour of environment-friendly polyisobutylene products. Other major markets include North America, Asia Pacific, Middle East and Africa, and Latin America. The market has also been segregated on the basis of imports which is led by France, followed by the United States, Singapore, Italy and China. Based on exports, Republic of Korea holds the largest share followed by Germany, Belgium, the United States and Japan. The competitive landscape of the market has also been analysed with some of the key players being Lanxess, BASF, Daelim Industrial Co., Ltd., Reliance Industries Limited and Lubrizol.
Read full report with TOC: https://www.imarcgroup.com/polyisobutylene-market
The report by IMARC Group has examined the global polyisobutylene market on the basis of:
Product:
Conventional PIB
Highly Reactive PIB
End Use Industry:
Transportation
Industrial
Food
Application:
Tires
Lube Additives
Fuel Additives
2-Stroke Engines
Industrial Lubes & Others
Adhesives & Sealants
Region:
Europe
North America
Asia Pacific
Middle East and Africa
Latin America
Import:
France
United States of America
Singapore
Italy
China
Export:
Republic of Korea
Germany
Belgium
United States of America
Japan
Key Players:
Lanxess
BASF
Daelim Industrial Co., Ltd.
Reliance Industries Limited
Lubrizol
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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