Polyisobutylene Market
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<strong>Polyisobutylene</strong> <strong>Market</strong> Expected to Reach CAGR of over 6.8% from 2018 to 2025<br />
The polyisobutylene market was estimated at USD 2.30 billion in 2017, and is estimated to<br />
register a CAGR of over 6.8% from 2018 to 2025. <strong>Polyisobutylene</strong> is a synthetic rubber or<br />
elastomer. <strong>Polyisobutylene</strong> is the only rubber that is gas impermeable. In addition, the<br />
properties of polyisobutylene such as, thermal stability, flexibility, low moisture absorption, and<br />
high resistance to heat make it useful in a wide range of applications and in turn act as key<br />
growth drivers.<br />
Asia-Pacific is estimated to witness high growth in the polyisobutylene market, owing to huge<br />
demand from automotive and adhesives & sealants industries. In addition, leading players of<br />
polyisobutylene market are investing in product innovation and development in this region.<br />
These factors are key growth drivers for polyisobutylene market in Asia-Pacific.<br />
The medium molecular weight segment is estimated to witness highest growth over the<br />
forecast period. The growth is attributed to rising demand of lubricants which use medium<br />
molecular weight polyisobutylene. Hence the rising demand for lubricants, which is influenced<br />
by the blooming automotive and manufacturing industries, acts as a key growth driver for<br />
medium molecular weight polyisobutylene segment.<br />
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The polyisobutylene market is segmented on the basis of molecular weight, product type, and<br />
applications. By molecular weight, the market is segmented as, high molecular weight, medium<br />
molecular weight, and low molecular weight. By the product type, the market is segmented<br />
into conventional polyisobutylene and highly reactive polyisobutylene. Application-wise, the<br />
market is segmented as tire & tubes, automotive, lubricants, adhesives & sealants, and others.<br />
On the basis of product type, highly reactive polyisobutylene is estimated to witness fastest<br />
growth during the forecast period. The growth is attributed to its properties such as, high<br />
purity, good quality, and narrow molecular weight distribution with low viscosity. In addition, it<br />
forms little residue on thermal decomposition.<br />
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In the application segment, the demand for polyisobutylene is high in the adhesives & sealants<br />
segment. The growth is attributed to the increased use of polyisobutylene derivatives, which<br />
are used as additives in lubricating oils & fuels to reduce the mist.<br />
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The key players in this market are adopting strategies such as, new product launch, expansions,<br />
and joint ventures as their key growth strategies.<br />
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