Polyisobutylene market report PDF 2016 - 2024

Polyisobutylene Market share- automotive accounted for
more than 50% of the total share: Global Market Insights
Polyisobutylene (PIB) Market size is poised to surpass USD 2 billion by 2024; according to a
new research report by Global Market Insights, Inc.
Escalating product demand in the adhesives & sealants industry will be the prominent
polyisobutylene market size contributor over the projected timeframe. It is chiefly used as a
modifier or base polymer in the adhesives & sealants industry due to its superior
characteristics such as stability, adhesion, moisture resistance and tackiness. These
properties make the product ideal for hot melt pressure sensitive adhesive applications.
The global adhesives business generated revenue close to USD 25 billion in 2015 and is likely
to exceed USD 35 billion by 2024. Robust growth in the adhesives & sealants business on
account of its widespread applications spectrum in industries including packaging,
construction and automotive for flooring, insulation, panel, partitions and roofing will
positively impact on the polyisobutylene market share by 2024.
In 2015, the overall polyisobutylene market share was highly consolidated with three major
companies holding over 50% of the total supply. BASF SE, Lanxess AG, ExxonMobil
Corporation, The Lubrizol Corporation, TPC Group, Chevron Oronite Company LLC, Berkshire
Hathaway Inc., and Infineum International Ltd are some the prominent PIB market share
contributors.
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Browse key industry insights spread across 128 pages with 138 market data tables & 15
figures & charts from the report, “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” in detail along with the table
of contents:
https://www.gminsights.com/industry-analysis/polyisobutylene-pib-market
Tire and tube manufacturing industries are the potential polyisobutylene market driver. The
product is majorly used in the tubeless tire manufacturing owing to its water-resistant
characteristics. In addition, the global tires and tubes industry is projected to expand with
more than 5% CAGR by 2024, which will subsequently push the business growth over the
estimated period. Furthermore, improving consumer spending pattern towards lavish
lifestyles, has substantially propelled the automotive production and sales across the globe.
Positive growth indicators in the medical packaging business will drive the global
polyisobutylene market size by 2024. Widespread product applications in serum vials, saline
bottles and seals due to its low absorptivity and superior chemical resistance against
moisture, air and gases will positively influence the PIB market size over the projected
timeframe.
Product disposal in water bodies destroys the aquatic flora and fauna. Therefore, the
industry is stringently directed and regulated by government regulations, particularly in
Europe and North America. Prevalence of these norms may hamper the polyisobutylene
market size for its applications as a marine lubricant. The PIB industry participants are
involved in extensive R&D towards developing sustainable disposable measures and thus
will create new growth prospects by 2024.
Key insights from the report include:
• In 2015, high molecular weight led the global polyisobutylene market size, primarily due
to its widespread applications in the sealants and automotive industry. Also, superior
flexibility and dielectric characteristics along with light weight, makes the product
suitable in manufacturing electric wire coatings. Medium molecular weight will observe
gains around 5% CAGR by 2024.
• In 2015, automotive accounted for more than 50% of the global polyisobutylene market
share. Increasing product usage in tires and tubes manufacturing owing to its high
inflation pressure capacity, high damping and ozone resistance will positively impact
business growth. Adhesives will experience maximum growth more than 4.5%.
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• North America polyisobutylene market size is projected to expand at over 4% CAGR by
2024. The regional growth is primarily driven by enormous automotive demand in the
U.S. Furthermore, recovering U.S. construction industry post 2008 economic turmoil will
push the business growth for sealants and adhesives applications.
• Asia Pacific accounted for the major polyisobutylene market share in 2015. Presence of
strong tire and tube manufacturing industries in India, China, Malaysia and Indonesia
along with increasing automotive sales on account of improving consumer lifestyles was
the prime factor promoting the regional growth.
https://www.gminsights.com/industry-analysis/polyisobutylene-pib-market
https://www.gminsights.com/request-sample/detail/1137
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research
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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
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