Global Medium Molecular Weight Polyisobutylene market is expected to reach 185.65 million USD by 2023
The global medium molecular weight Polyisobutylene market is valued at 117.33 million USD in 2016 and is expected to reach 185.65 million USD by the end of 2023, growing at a CAGR of 6.77
The global medium molecular weight Polyisobutylene market is valued at 117.33 million USD in 2016 and is expected to reach 185.65 million USD by the end of 2023, growing at a CAGR of 6.77
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<strong>Global</strong> medium molecular<br />
weight <strong>Poly<strong>is</strong>obutylene</strong> <strong>market</strong><br />
<strong>is</strong> <strong>expected</strong> <strong>to</strong> <strong>reach</strong> <strong>185.65</strong><br />
<strong>million</strong> <strong>USD</strong> <strong>by</strong> <strong>2023</strong><br />
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• <strong>Medium</strong> molecular weight poly<strong>is</strong>obutylene’s average molecular weight<br />
ranges between 40,000 and 120,000 g/mol. <strong>Medium</strong> molecular weight<br />
poly<strong>is</strong>obutylene <strong>is</strong> employed as v<strong>is</strong>cosity modifier, tack improver in<br />
adhesive formulations, and primary binder in caulking and sealing<br />
compounds. It <strong>is</strong> also used in fuel and lubricating oil additives. It <strong>is</strong><br />
extensively used as a protective barrier in the adhesive industry. For<br />
instance, it <strong>is</strong> used where exposure <strong>to</strong> sunlight <strong>is</strong> a potential r<strong>is</strong>k for<br />
sealants. <strong>Medium</strong> molecular weight poly<strong>is</strong>obutylene <strong>is</strong> employed in<br />
insulating glass sealants and roofing membranes in the construction<br />
industry. Furthermore, it <strong>is</strong> used in protective films or acoustic barriers<br />
in the au<strong>to</strong>motive industry. <strong>Medium</strong> molecular weight poly<strong>is</strong>obutylene <strong>is</strong><br />
also an essential ingredient in the production of chewing gums.<br />
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QYResearch<br />
• In the past several years, the global medium molecular weight<br />
<strong>Poly<strong>is</strong>obutylene</strong> <strong>market</strong> <strong>is</strong> relatively stable with CAGR of 6.06% from<br />
2012 <strong>to</strong> 2016. The <strong>market</strong> of MM PIB <strong>is</strong> highly concentrated with limited<br />
suppliers in the <strong>market</strong>. Leading suppliers in the <strong>market</strong> are BASF,<br />
ENEOS, Jilin Petrochemical, Shandong Hongrui and Zhejiang Shunda.<br />
• Application of <strong>Poly<strong>is</strong>obutylene</strong> can be classified as Adhesives, Sealants,<br />
Lubricants, Roofing, Paraffin and waxes, Bitumen, Chewing gum Other etc.<br />
Adhesives <strong>is</strong> the largest application of MM <strong>Poly<strong>is</strong>obutylene</strong>, which<br />
accounts for 35.44% of world <strong>to</strong>tal consumption volume.<br />
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QYResearch<br />
The global medium molecular weight <strong>Poly<strong>is</strong>obutylene</strong> <strong>market</strong><br />
<strong>is</strong> valued at 117.33 <strong>million</strong> <strong>USD</strong> in 2016 and <strong>is</strong> <strong>expected</strong> <strong>to</strong><br />
<strong>reach</strong> <strong>185.65</strong> <strong>million</strong> <strong>USD</strong> <strong>by</strong> the end of <strong>2023</strong>, growing at a<br />
CAGR of 6.77% between 2016 and <strong>2023</strong>.<br />
Click <strong>to</strong> view the full report:<br />
http://www.qyresearchglobal.com/goods-1721850.html<br />
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