Polyisobutylene Market

Increasing use of polyisobutylene in the transportation industry is projected to boost the
market growth
INCREASING USE OF POLYISOBUTYLENE
IN THE TRANSPORTATION INDUSTRY IS
PROJECTED TO BOOST THE MARKET
GROWTH
P a g e | 1 sales@marketresearchfuture.com Copyright © 2017 Market Research Future.

Increasing use of polyisobutylene in the transportation industry is projected to boost the
market growth
Polyisobutylene (PIB) also known as butyl rubber is a polymer of isobutylene widely used in the manufacturing
of tires & tubes and lubricants due to improved performance and gas impermeability. PIB is segmented by low
& medium molecular weight PIB and high molecular weight PIB. High molecular weight PIB is most widely used
owing to more viscosity and tackiness. Its usage is increasing due to rising demand for lubricants, adhesives,
and sealants. Based on the grade, highly reactive PIB is majorly used in the lubricants as it produces less char.
PIB finds application in various industries such as transportation, construction, electrical, healthcare, and food
& beverages. Expanding automotive and aerospace industry in the developing regions is driving the market
growth. The product is vastly preferred in the electronic devices as a result of the well-balanced barrier and
flow properties. Consumption of polyisobutylene is rising in the food and beverage industry because it protects
the food products from moisture. Due to its non-skin resistant properties, it is largely used in the pharmaceutical
industry in pressure sensitive adhesives.
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Market Segmentation
The global polyisobutylene market is segmented into molecular weight, grade, applications, and region.
On the basis of the molecular weight, the PIB market is bifurcated into low & medium and high,
Based on the grade, the market is segmented into conventional PIB and highly reactive PIB.
By the application, the market is segmented into tire & tubes, adhesives, sealants, lubricants, electrical
insulation, and stretch wrap.
On the basis of the end-use industry, the market is segmented into transportation, construction, electrical, food
& beverage, healthcare, cosmetics & personal care, and others.
Geographically, the market is segmented into five regions, including Asia Pacific, North America, Europe, Latin
America, and the Middle East & Africa.
Regional Analysis
Asia Pacific is the fastest growing region in the global polyisobutylene market owing to the rapidly expanding
automotive industry in the developing economies such as India, China, & Thailand. Furthermore, growing
construction industry as a result of rising investment in the infrastructural activities by the government.
North America and Europe are expected to witness a significant growth as a result of growing demand for the
product from the major end-use industries such as transportation, construction, electrical, and healthcare.
Competitive Analysis
Some of the key players in the global polyisobutylene market are LANXESS (Germany), BASF SE (U.S.),
DAELIM (South Korea), TPC Group (U.S.), Exxon Mobil Corporation (U.S.), Lubrizol Corporation (U.S.), INEOS
(UK), JXTG Nippon Oil & Energy Corporation (Japan), Infineum International Limited (Singapore), and Chevron
Oronite Company LLC (U.S.)
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P a g e | 2 sales@marketresearchfuture.com Copyright © 2017 Market Research Future.

Increasing use of polyisobutylene in the transportation industry is projected to boost the
market growth
P a g e | 3 sales@marketresearchfuture.com Copyright © 2017 Market Research Future.