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

Polyisobutylene Market (Medium Molecular Weight Polyisobutylene and Others) for Automotive, Additive, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

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

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), a copolymer of isobutylene and isoprene, is a commercial synthetic rubber used in a variety of applications. It is used in the manufacture of tires, lubricating oils, adhesive tapes, sealants, chewing gums, stoppers for medical bottles, and sports equipment on account of its excellent impermeability, thermal stability, and flexibility. Major end-user industries of polyisobutylene include construction, paint, agriculture, pharmaceuticals, and surface coatings. However, automotive is expected to be the most lucrative application area for polyisobutylene, primarily driven by demand from emerging markets such as India and China.

Innovations and changing trends in tire technology have led to rising demand for polyisobutylene in the automotive industry. Polyisobutylene is increasingly being used in the manufacture of durable tires. In addition, increasing demand for replacement of tires and tubes is expected to fuel demand for polyisobutylene in the next few years. Furthermore, rising demand for polyisobutylene in the production of sealants and adhesives coupled with rapidly growing need for polyisobutylene in pharmaceutical packaging is expected to augment demand for polyisobutylene in the near future. However, environmental impact of polyisobutylene spills is likely to hamper the market growth. Usage of polyisobutylene in ship engines as a lubricant results in the contamination of water, leading to pollution of water bodies. This, in turn, may result in harming aquatic life by causing deaths and genetic alteration.  Furthermore, polyisobutylene becomes highly reactive and unstable at high temperatures. This may lead to potentially hazardous accidents. These parameters are expected to impede the polyisobutylene market in the next few years. However, focus on R&D activities regarding recycling of rubber is expected to provide new opportunities for growth of the market in the near future.

Medium molecular weight polyisobutylene accounted for over 10% share of the market in 2014. Rising demand for sealants and adhesives coupled with increasing need for medium molecular weight polyisobutylene in lubricating oils is anticipated to augment the medium molecular weight polyisobutylene market in the near future. The others segment, which includes low molecular weight polyisobutylene and high molecular weight polyisobutylene, accounts for major chunk of the market. High molecular weight polyisobutylene is extensively used in the manufacture of inner tubes of tires and other pneumatic components. Growth in the automotive industry is anticipated to boost demand for high molecular weight polyisobutylene.

Automotive was the largest application segment of the polyisobutylene market, accounting for over 70% share in 2014. This segment is also projected to be the fastest-growing segment of the market during the forecast period. Additives was the second-largest application segment of the polyisobutylene market in 2014. Rising demand for lubricants in repair and maintenance of vehicles is anticipated to drive demand for polyisobutylene in additives during the forecast period. 

Asia Pacific dominated the polyisobutylene market in 2014. Several factors such as rising demand for tubeless tires, changing lifestyle, increasing demand for hygiene in medical areas, rising urbanization, and increasing infrastructural activities are likely to propel demand for polyisobutylene in this region. Europe was the second-largest regional segment of the polyisobutylene market in 2014, followed by North America. The polyisobutylene market in Latin America and Middle East & Africa is likely to expand significantly during the forecast period.

Key players in the polyisobutylene market include BASF SE, Chevron Oronite, ExxonMobil Corporation, Infineum, Lanxess, and TPC Group. The global market for polyisobutylene is highly consolidated; a small number of players control the market dynamics. This creates a fair amount of competition in the market.

 

polyisobutylene-2015-market

 


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