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Published Date: 2016-01-15Number of Pages: 170

Polyisobutylene Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Polyisobutylene has been witnessing a remarkable surge in it demand. The growing demand for commercial as well as personal automobiles, thanks to the rising disposable income of people, has been fueling the application of polyisobutylene in the automotive industry, specifically in the production of tires and tubes. Analysts project the demand for this copolymer to remain increasing significantly over the next few years.

According to TMR, the opportunity in polyisobutylene, globally, is estimated to rise at a CAGR of 5.40% during the period from 2015 to 2023 and increase from US$3.3 bn in 2014 to US$5.3 bn by the end of 2023. Additives, adhesives, and sealants are also expected to report extensive demand for polyisobutylene in the near future.

Automotive to Remain Key Consumer of Polyisobutylene

Automobiles and additives are the prime application areas of polyisobutylene. The copolymer also finds a widespread application in chewing gums, sports equipment, and medical bottle stoppers. The key contributor to the rapidly growing demand for polyisobutylene is the automotive industry. In 2014, the sector accounted for a whopping share of 73% in the overall demand for polyisobutylene across the world, which is likely to increase to 75% by the end of 2023.

Polyisobutylene witnesses a significant demand in additives also. The increasing demand for lubricants for repairing and the maintenance of automobiles has fueled the application of this copolymer in this segment remarkably in the recent times. In additives, the opportunity in polyisobutylene was worth US$348.2 mn in 2014 and is estimated to rise to US$553.8 mn by the end of 2023.

 

global-polyisobutylene-market

 

Demand for Polyisobutylene to Remain High in Asia Pacific

Regionally, the worldwide polyisobutylene market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. With a share of more than 55%, Asia Pacific led the consumption of polyisobutylene across the world. Analysts expect the region to remain the leading consumer of this copolymer in the near future on account of the rapid urbanization and the large-scale industrialization. The rising demand for automobiles and the infrastructural development in Asia Pacific is also expected to boost the application of this copolymer in this region over the next few years. China will remain the key consumer of polyisobutylene in Asia Pacific, says TMR.

Europe, which emerged second in 2014, is projected to continue in this position, albeit with reduced market share. On the other hand, Latin America and the Middle East and Africa are anticipated to report a healthy increase in their respective shares. The demand for polyisobutylene in Europe is driven by the rising preference for tubeless tires in vehicles.

The global market for polyisobutylene, led by Nizhekamskneftekhim, ExxonMobil Corp., and Lanxess, demonstrates a highly consolidated business landscape. The top three players jointly account for a share of more than 65% in the overall market. BASF SE, TPC Group, Kothari Petrochemicals, Proteux Corp., Infineum International Ltd., Chevron Oronite Co. LLC, and Berkshire Hathaway Inc. are some of the other prominent vendors of polyisobutylene.

Chapter 1 Preface

  • Report Description 
  • Market Segmentation
  • Research Scope
  • Research Methodology
  • Assumptions

Chapter 2 Executive Summary

  • Global Polyisobutylene Market, Volume and Revenue, (Kilo Tons) (US$ Mn), 2014–2023
  • Market Snapshot

Chapter 3 Industry Analysis

  • Introduction
  • Value Chain Analysis
  • Market Dynamics
  • Driver 1- Rising Demand for Tires And Tubes to Augment Polyisobutylene Market Growth
  • Driver 2 - Rising Demand for Adhesives and Sealants to Drive the Polyisobutylene Market
  • Driver 3 - Growing Demand for Polyisobutylene in Medical Packaging
  • Restraint 1 – Environmental impact of Polyisobutylene Spills to Hamper Market Growth
  • Opportunity 1 – Development of Recoverable and Recyclable Polyisobutylene to Open New Avenues 
  • Porter’s Five Forces Analysis
  • Market Attractiveness Analysis, by Country – Polyisobutylene Market
  • Market Attractiveness Analysis, by Application – Polyisobutylene Market 
  • Company Market Share – Polyisobutylene Market (%) (2014)

Chapter 4 Polyisobutylene – Regional Price Trend Analysis 
 
Chapter 5 Polyisobutylene Market: Product Segment Overview 

  • Polyisobutylene Market – Medium Molecular Weight Polyisobutylene Analysis
  • Polyisobutylene Market – Others Analysis

Chapter 6 Polyisobutylene Market: Application Overview 

  • Global Polyisobutylene Market for Automotive
  • Global Polyisobutylene Market for Additive
  • Global Polyisobutylene Market for Others

Chapter 7 Polyisobutylene Market: Regional Overview 

  • North America Polyisobutylene Market Overview
  • North America Polyisobutylene Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
  • North America Polyisobutylene Market Volume, by Product Segment, 2014 – 2023 (US$ Mn)
  • North America Polyisobutylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
  • North America Polyisobutylene Market Volume, by Application, 2014 – 2023 (US$ Mn)
  • Europe Polyisobutylene Market Overview
  • Europe Polyisobutylene Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
  • Europe Polyisobutylene Market Volume, by Product Segment, 2014 – 2023 (US$ Mn)
  • Europe Polyisobutylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
  • Europe Polyisobutylene Market Volume, by Application, 2014 – 2023 (US$ Mn)
  • Asia Pacific Polyisobutylene Market Overview
  • Asia Pacific Polyisobutylene Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
  • Asia Pacific Polyisobutylene Market Volume, by Product Segment, 2014 – 2023 (US$ Mn)
  • Asia Pacific Polyisobutylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
  • Asia Pacific Polyisobutylene Market Volume, by Application, 2014 – 2023 (US$ Mn)
  • Latin America Polyisobutylene Market Overview
  • Latin America Polyisobutylene Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
  • Latin America Polyisobutylene Market Volume, by Product Segment, 2014 – 2023 (US$ Mn)
  • Latin America Polyisobutylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
  • Latin America Polyisobutylene Market Volume, by Application, 2014 – 2023 (US$ Mn)
  • Middle East and Africa Polyisobutylene Market Overview
  • Middle East and Africa Polyisobutylene Market Volume, by Product Segment, 2014 – 2023 (Kilo Tons)
  • Middle East and Africa Polyisobutylene Market Volume, by Product Segment, 2014 – 2023 (US$ Mn)
  • Middle East and Africa Polyisobutylene Market Volume, by Application, 2014 – 2023 (Kilo Tons)
  • Middle East and Africa Polyisobutylene Market Volume, by Application, 2014 – 2023 (US$ Mn)

Chapter 8 Company Profiles

  • BASF SE 
  • Exxon Mobil Corporation 
  • LANXESS 
  • TPC Group 
  • INEOS 
  • Berkshire Hathaway Inc 
  • Chevron Oronite Company LLC 
  • INFINEUM INTERNATIONAL LIMITED
  • Proteux Corp
  • Kothari Petrochemicals

Chapter 9 List of Customers – Polyisobutylene Market

 Chapter 10 Primary Research – Key Findings 

Polyisobutylene (PIB) is a commercial polymer used in a number of applications in various industries on account of properties such as thermal stability. Polyisobutylene, a synthetic rubber, is primarily used in the manufacture of inner tubes of tire. Other applications include adhesives, agricultural chemicals, caulks, sealants, paper & pulp, and chewing gum. 

The report forecast and analyzes the global polyisobutylene market on regional and country levels based on volume (kilo tons) and revenue (US$ Mn). The study includes drivers and restraints for the polyisobutylene market along with their impact on demand during the forecast period. Additionally, the study comprises opportunities available in the polyisobutylene market. Detailed value chain analysis has been included to provide a comprehensive view of the polyisobutylene market. Analysis of Porter’s Five Forces Model for polyisobutylene has also been included to help understand the competitive landscape in the market. 

The study provides a decisive view of the polyisobutylene market by segmenting it based on product segments such as medium molecular weight polyisobutylene and others (low molecular weight polyisobutylene and high molecular weight polyisobutylene). Additionally, the report provides an overview of the polyisobutylene market by segmenting it based on applications into automotive, additive, and others (chewing gum, sports equipment, medical bottle stoppers, etc.). These applications have been analyzed based on present and future trends, and the market has been estimated from 2015 to 2023. Regional segmentation includes current and forecast demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report provides a detailed competitive outlook, which includes the market share and profiles of key players operating in the polyisobutylene market. 

Market estimates for this study have been based on volume, with revenue being derived through regional pricing trends. The polyisobutylene market has been analyzed based on expected demand. Market data for each segment is based on demand volume and corresponding revenue. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors, and direct selling regional producers based on manufacturer feedback and application requirement. 

In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of research efforts supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities..

The report also offers competitive landscape of the overall market with company profiles of players such as BASF SE, Exxon Mobil Corporation, LANXESS, TPC Group, INEOS, Berkshire Hathaway Inc., Chevron Oronite Company LLC, Infineum International Limited, Proteux Corp, and Kothari Petrochemicals. Detailed description of the company overview in terms of headquarters, inception, upcoming capacities, key mergers & acquisitions, financial overview, and recent developments provides a thorough idea about the competitive positioning of players in the market. 

The report segments the polyisobutylene market as follows:

Global Polyisobutylene Market – Product Segment Analysis

  • Medium Molecular Weight Polyisobutylene
  • Others

Global Polyisobutylene Market – Application Analysis

  • Automotive
  • Additive
  • Others (Chewing Gum, Sports Equipment, Medical Bottle Stoppers, etc.)

Global Polyisobutylene Market - Country Analysis

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • France
    • U.K.
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of MEA


 
 
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