Insights on the Polyisobutylene Global Market to 2026 – PIB to Garner Significant Growth as an Edge Sealant in Solar Power – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Polyisobutylene (PIB) – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

The global market for Polyisobutylene (PIB) estimated at US$2.1 Billion in the year 2020, is projected to reach a revised size of US$2.8 Billion by 2026, growing at a CAGR of 5.5% over the analysis period.

Conventional, one of the segments analyzed in the report, is projected to record 5% CAGR and reach US$1.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Highly Reactive segment is readjusted to a revised 6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $327 Million in 2021, While China is Forecast to Reach $648.5 Million by 2026

The Polyisobutylene (PIB) market in the U.S. is estimated at US$327 Million in the year 2021. China, the world’s second largest economy, is forecast to reach a projected market size of US$648.5 Million by the year 2026 trailing a CAGR of 7.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Given the economic recovery post the COVID-19 scenario, demand for polyisobutylene would benefit from expected surge in automobile sales and demand for tires from new cars and replacement market. The market would also benefit from increasing use of PIB in other key applications such as additives in lubricants; adhesives and sealants; and rising demand in the medical sector. Industrial oils based on PIB, for instance, contain lubricant additives that prevent rust and oxidation, and play the role of anti-wear additives and paint depressants.

PIB’s physical properties, such as water resistance, viscosity, tackiness, and electrical resistance drive its use in industrial applications. In the additives sector, PIB is used for its chemical properties mainly in the manufacture of dispersants/detergents for fuels and lubricants. PIB’s features such as tackiness, resistance to moisture and adhesion drive its use as base polymer or modifier in the adhesives and sealants sector. Higher resistive characteristics and low absorptivity features of PIB have attracted its use in medical packaging space such as bottle seals and vials, over conventional products such as rubber. PIB is used in packaging applications such as bottle seals and serum vials drive.

Select Competitors (Total 15 Featured) –

• BASF SE
• Chevron Oronite Company LLC
• Daelim Industrial. Co. Ltd.
• INEOS Group
• Lubrizol Corporation
• TPC Group Inc.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• COVID-19 Crisis Set to Derail Momentum in the Polyisobutylene Market
• COVID Crisis Weakens Global Economic Environment, Triggering Negative Tide in GDP & Industrial Output Forecasts
• World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
• Industrial Activity to Remain Subdued in the Immediate Term, Inducing Weakness into PIB Market
• Global PMI Index Points for the Years 2018, 2019 & 2020
• Business Climate Indicator in the Euro Area for the Period June 2019 to May 2020
• Polyisobutylene (PIB) – Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Polyisobutylene (PIB): An Introduction
• Chemical and Physical Properties of PIB
• Types of Polyisobutylene

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Despite the Crushing Impact of COVID-19 Crisis, Automotive Industry Remains an Important Consumer of Polyisobutylene
• World Automobile Production in Million Units: 2008-2022
• Automobile Production % YoY Change Across Select Countries: 2020 Vs 2019
• Automotive Tires Remains a Major Market for PIB
• Composition of Passenger Car/Light Truck Tires by Weight
• World Tires Market by Region: Percentage Breakdown of Revenues for China, Other Emerging Regions and Developed Regions for the Years 2019 & 2025
• World Tires Market: Geographic Regions Ranked by Value CAGR for 2018-2025
• Trend Towards Tubeless Tires Benefits PIB Demand
• Unique Benefits of PIB Drive Use as Additives in Lubricants
• Global Lubricant Additives Market Split by Automotive and Industrial Sectors: 2019
• Global Lubricant Demand (In Million Metric Tons) for the Years 2015, 2017, 2019 and 2021
• COVID-19 Weakens Demand for Lubricant Additives
• Use of PIBs as a Substitute for Bright Stocks
• PIB to Garner Significant Growth as an Edge Sealant in Solar Power
• Global Solar Power Market: Solar PV Capacity (in GW) for the Years 2017, 2019, 2021 and 2023
• Rise in Application of PIB as a Binding Agent in Plastic Explosives to Push Demand
• Global Explosives Market (In Million Metric Tons) for the Years 2020, 2022, 2025 and 2027
• PIB Makes Inroads into Medical Arena
• Environment Issues Continue to Hinder Growth

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/14p82w

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