Polyisobutylene, a copolymer of isobutylene and isoprene, is used extensively in the manufacture of inner tubes of tires, adhesives, agricultural chemicals, caulks, sealants, pulp & paper, and chewing gum, among others. It possesses thermal stability, good flexibility, and impermeability to gases. Additionally, it offers high resistance to acids, alkalis, and salts. Depending on the applications, different molecular weight grades or combinations of several polyisobutylene grades are used to achieve the properties of final products. Generally, low molecular weight polyisobutylene is used as tackifier and plasticizer, while medium and high molecular weight polyisobutylene is used to adjust properties such as flexibility, elongation, cohesive strength, and gas barrier performance.
Medium molecular weight polyisobutylene is employed as viscosity modifier, tack improver in adhesive formulations, and primary binder in caulking and sealing compounds. It is also used in fuel and lubricating oil additives. It is extensively used as a protective barrier in the adhesive industry. For instance, it is used where exposure to sunlight is a potential risk for sealants. Medium molecular weight polyisobutylene is employed in insulating glass sealants and roofing membranes in the construction industry. Furthermore, it is used in protective films or acoustic barriers in the automotive industry. Medium molecular weight polyisobutylene is also an essential ingredient in the production of chewing gums.
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. Asia Pacific comprises economies such as China and India, which possess strong manufacturing-based industries. Hence, demand for lubricants is high in the region. This is expected to fuel the medium molecular weight polyisobutylene market over the duration of the forecast period. However, stringent regulations on the manufacture and usage of medium molecular polyisobutylene owing to potential hazards to aquatic creatures may hamper market growth in the near future. Increase in demand for chewing gum is anticipated to open new avenues for the medium molecular weight polyisobutylene market in the near future.
Adhesives was the largest application segment of the global medium molecular weight polyisobutylene market, accounting for over 40% share in 2014. It is also estimated to be the fastest-growing segment during the forecast period due to its increasing usage in pressure sensitive adhesives, roofing sealants, and cable glazing applications. Medium Molecular weight polyisobutylene is an important component in hot melt adhesive and polymer based adhesives formulations. Hot melt adhesives and polymer-based adhesives are used in panel lamination in the automobile industry. Growth of the automobile industry is projected to drive the medium molecular weight polyisobutylene market in the next few years.
In terms of region, Asia Pacific dominated the medium molecular weight polyisobutylene market in 2014. It is also expected to be the fastest growing regional segment during the forecast period. Europe was the second-largest regional segment of the medium molecular polyisobutylene market in 2014, followed by North America. The medium molecular weight polyisobutylene market in Latin America and Middle East & Africa is likely to expand significantly during the forecast period. Global sales of medium molecular weight polyisobutylene declined during 2008 and 2009 due to the economic slowdown; however, the business revived in 2010. The market has been expanding since then.
Key players operating in the medium molecular weight polyisobutylene market include BASF SE, Zhejiang Shunda New Material Co., JX Nippon Oil & Energy Corporation, and Shandong Hongrui Petrochemical Co., Ltd.
Medium molecular weight polyisobutylene is used to adjust properties such as flexibility, elongation, cohesive strength, and gas barrier performance of a product. They have an average molecular weight, Mw, of from 40,000 to 120,000 g/mol. Medium molecular weight polyisobutylene is primarily used in the manufacture of adhesives, sealants, chewing gums, and lubricants, among others.
The report forecasts and analyzes the medium molecular weight polyisobutylene market on regional and global levels based on volume (Kilo Tons) and revenue (US$ Mn). The study includes drivers and restraints for the medium molecular weight polyisobutylene market along with their impact on demand during the forecast period. Additionally, the study comprises opportunities available in the medium molecular weight polyisobutylene market. Detailed value chain analysis has been included to provide a comprehensive view of the medium molecular weight polyisobutylene market. Analysis of Porter’s Five Forces Model for medium molecular weight polyisobutylene has also been included to help understand the competitive landscape in the market.
The study provides a decisive view of the medium molecular weight polyisobutylene by segmenting the market based on applications such as gum base, adhesives, sealants, lubricants, and others. 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 detailed competitive outlook, which includes the market share and profiles of key players operating in the medium molecular weight polyisobutylene market.
Market estimates for this study have been based on volume, with revenue being derived through regional pricing trends. The medium molecular weight 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. Market share of companies has been derived by considering installed production capacities.
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.
Where no hard data was available, we used models and estimates to produce comprehensive data sets. A rigorous methodology was adopted, wherein the available hard data was cross-referenced with data types such as demographic data and macroeconomic indicators to produce estimates. The top-down approach has been adopted to estimate and forecast market volume by geography. The bottom-up approach has been used to estimate and forecast market volume and revenue by applications and revenue by geography.
Global Medium Molecular Weight Polyisobutylene Market - Application Analysis
- Gum base
- Others (Including bitumen modification, etc.)
Global Medium Molecular Weight Polyisobutylene Market - Country Analysis
- North America
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)