Polyisobutylene Market Overview

Butyl rubber is another name for Polyisobutylene (PIB). It’s a synthetic rubber made from monomer isobutylene and cationic vinyl polymerization. Thermal stability, low gas permeability, dielectric, chemical resistance, tackiness, and non-toxicity are only a few of the advantages of Polyisobutylene. Tires and tubes, adhesives, sealants, lubricants, electrical insulation, and stretch wrap all use it.

Consumer demand for consumer electronic devices such as smart TVs, wireless speakers, and home appliances is driving up the market. The Polyisobutylene Market is being driven by the growing construction industry, improved living standards, and rising per capita income of consumers. The healthcare business is growing its demand for polyisobutylene because of its non-toxic and non-skin resistive qualities.

The rise of the transportation industry in developing countries is a primary driver of polyisobutylene demand. The Polyisobutylene Market is growing due to a significant increase in automobile manufacturing and sales. Furthermore, as environmental concerns have grown, both developed and developing countries have boosted their manufacture of electric vehicles. Also, the global polyisobutylene market is driven by the rapidly developing aerospace industry, which is accompanied by rising demand for aircraft.

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Market Players

The major key players in the Polyisobutylene Market are

Based on the molecular weight, the Polyisobutylene Market is segmented into low, medium, and high.LANXESS (Germany)
 DAELIM (South Korea)
 TPC Group (U.S.)
 Exxon Mobil Corporation (U.S.)
 Lubrizol Corporation (U.S.)
 JXTG Nippon Oil & Energy Corporation (Japan)
 Infineum International Limited (Singapore)
 and Chevron Oronite Company LLC (U.S.).

Market Segmentation

Based on the grade, the Polyisobutylene Market is segmented into conventional Polyisobutylene and highly reactive (HR) Polyisobutylene.

Based on the application, the Polyisobutylene Market is segmented into tire & tubes, adhesives, sealants, lubricants, electrical insulation, and stretch wrap.

Based on the end-use industry, the Polyisobutylene Market is segmented into transportation, construction, electrical, food & beverage, healthcare, cosmetics & personal care, and others.

Based on the region, the Polyisobutylene Market is segmented into Asia-Pacific (APAC), North America, Europe, Latin America, and the Middle East & Africa.

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Regional Classification

During the previous forecast period, Asia Pacific was the world’s largest polyisobutylene market, and it is predicted to increase at a high rate during the forecast period. Furthermore, the market is being driven by the rapidly increasing automobile sector in emerging markets like India, China, and Thailand, as well as rising consumer disposable income. Furthermore, as a result of increased investment in infrastructure operations in this region, polyisobutylene consumption is expanding in the construction industry. Smart Cities Mission and Atal Mission for Rejuvenation and Urban Transformation, both launched by the Indian government, are boosting the market growth in this region. Another major aspect boosting the polyisobutylene market is an enticing electrical industry with the increasing need for smaller electronic devices.

The Polyisobutylene Market is dominated by North America and Europe, which is seeing a resurgence in the automobile industry. The presence of major automakers such as General Motors, Ford, and Tesla is fueling market expansion in these areas.

The Polyisobutylene Market in Latin America, the Middle East, and Africa is expected to grow rapidly due to rising demand for automobiles, particularly in Brazil, Mexico, and the United Arab Emirates.

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