Asia Pacific Polyisobutylene Market Forecast to 2027 – COVID-19 Impact and Analysis by Molecular Weight (Low, Medium, and High), Product (Conventional PIB, and Highly Reactive PIB), Application (Tires, Industrial Lubes and Lube Additives, Fuel Additives, Adhesives and Sealants), and End Use (Industrial, Food, and Others
The polyisobutylene (PIB) market in APAC is expected to grow from US$ 749.5 million in 2019 to US$ 1088.7 million by 2027; it is estimated to grow at a CAGR of 4.8% from 2020 to 2027.
China, India, Japan, South Korea, and Rest of APAC are the major economies in APAC. Automotive business to foster the market growth. For the automotive industry, performance of engines to perform their daily functions is very important. In addition to it, all their moving parts are essential to be protected and powered with lubricants and fuels enhanced by some of the most technologically advanced additives. PIB (Polyisobutylene-based) deposit regulator fuel additives are polymeric chemicals, which is widely utilized as additives in engine fuel (for instance gasoline) to keep soot, sludge, oxidation products, and other debris from founding deposits onto and harming key engine parts. Polyisobutylene-based help lubricants and fuels push the boundaries of strength, speed, durability and cleanliness. These deposits can rob an engine of power, increase harmful emissions, and reduce fuel economy. These factors combined, increases the demand for polyisobutylene in the automotive industry to a greater extent. The automotive industry has been the key market for several types of fuel additives for many years. The share for automobiles has continuously been higher than that of the other fuel additives market segment due to the lack of efficient fossil fuel alternatives and an increasing middle-class economy. The relative importance of aviation for fuel additives has boosted in recent years, ultimately mounting the demand for polyisobutylene. Moreover, increasing use of polyisobutylene-based butyl rubber in developing automobile parts including gaskets, hosepipes, and window strips due to superior thermal stability, flexibility, and improved oxidation resistance is expected to fuel the demand in automotive sector over the forecast period. Adding just a small quantity of polyisobutylene to a tank of the gas decreases the separation of smaller and larger molecules. Thus, to improve the automotive services is expected to create a significant demand for polyisobutylene (PIB) in the coming years, which is further anticipated to drive the market in APAC.
However, the outbreak of COVID-19 is expected to get worse in coming months affecting the economic stability of APAC. Although, China is the world’s leading raw material supplier for various industries and global manufacturing hub, it is the worst affected country due to COVID-19 outbreak in APAC followed by India which declared 10 weeks’ nationwide lockdown causing cease of business operations. Several governments across APAC are taking major actions such as travel bans, business shutdowns, and lockdowns to mitigate the COVID-19 outbreak, which on the other hand is affecting the revenue generation and growth opportunities in APAC.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. Considering these factors is likely to drive the APAC polyisobutylene market is expected to grow at a good CAGR during the forecast period.
APAC Polyisobutylene (PIB) Market Revenue and Forecast to 2027 (US$ Mn)
APAC Polyisobutylene (PIB) Market Segmentation
APAC Polyisobutylene Market – by Molecular Weight
- Low
- Medium
- High
APAC Polyisobutylene Market – by Product
- Conventional PIB
- Highly Reactive PIB
APAC Polyisobutylene Market – by Application
- Tires
- Industrial Lubes and Lube Additives
- Fuel Additives
- Adhesives and Sealants
APAC Polyisobutylene Market – by End Use Industry
- Industrial
- Food
- Others
APAC Polyisobutylene Market, by Country
- China
- India
- Japan
- South Korea
- Rest of APAC
APAC Polyisobutylene Market-Companies Mentioned
- TPC Group
- The Lubrizol Corporation
- Infineum International Limited
- Ineos AG
- Daelim Industrial Petrochemical Division
- Braskem SA
- BASF SE
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Polyisobutylene (PIB) Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 APAC
4.3 Expert Opinion
5. Polyisobutylene (PIB) Market –Market Dynamics
5.1 Market Drivers
5.1.1 Automotive Business to Foster the Market Growth
5.1.2 Rise in Demand for Polyisobutylene from Construction Industry
5.2 Market Restraints
5.2.1 Environmental impact and presence of substitutes to obstruct the market growth
5.3 Market Opportunities
5.3.1 Growing Demand for PIB From Developed and Developing Economies
5.4 Future Trends
5.4.1 Growing Demand For Polyisobutylene in Food Industry
5.5 Impact Analysis of Drivers and Restraints
6. Polyisobutylene (PIB)– APAC Market Analysis
6.1 Polyisobutylene (PIB) Market Overview
6.2 APAC Polyisobutylene (PIB) Market –Revenue and Forecast to 2027 (US$ Mn)
6.3 Competitive Positioning: Key Market Players
7. APAC Polyisobutylene Market Analysis – By Molecular Weight
7.1 Overview
7.2 APAC Polyisobutylene Market Breakdown, By Molecular Weight, 2018 &2027
7.3 Low Molecular Weight
7.3.1 Overview
7.3.2 Low Molecular Weight in Polyisobutylene Market, Revenue Forecast to 2027 (US$ Mn)
7.4 Medium Molecular Weight
7.4.1 Overview
7.4.2 Medium Molecular Weight in Polyisobutylene Market, Revenue and Forecast to 2027 (US$ Mn)
7.5 High Molecular Weight
7.5.1 Overview
7.5.2 High Molecular Weight in Polyisobutylene Market, Revenue and Forecast to 2027 (US$ Mn)
8. APAC Polyisobutylene Market Analysis – By Product
8.1 Overview
8.2 APAC Polyisobutylene Market Breakdown, By Product, 2018 &2027
8.3 Conventional PIB
8.3.1 Overview
8.3.2 APAC Polyisobutylene Market Revenue Via Conventional PIB Revenue and Forecast, to 2027 (US$ Mn)
8.4 Highly Reactive PIB
8.4.1 Overview
8.4.2 APAC Polyisobutylene Market Revenue Via Highly Reactive PIB Revenue and Forecast, to 2027 (US$ Mn)
9. APAC Polyisobutylene (PIB) Market Analysis – By Application
9.1 Overview
9.2 APAC Polyisobutylene (PIB) Market Share, by Application, 2019 and 2027 (%)
9.3 Tires
9.3.1 Overview
9.3.2 Tires: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
9.3.3 Industrial Lubes and Lube Additives
9.3.3.1 Overview
9.3.3.2 Industrial Lubes and Lube Additives -: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
9.3.4 Fuel Additives
9.3.4.1 Overview
9.3.4.2 Fuel Additives -: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
9.3.5 Adhesives and Sealants
9.3.5.1 Overview
9.3.5.2 Adhesives and Sealants -: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
9.3.6 Others
9.3.6.1 Overview
9.3.6.2 Others -: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
10. APAC Polyisobutylene (PIB) Market Analysis – By End-Use Industry
10.1 Overview
10.2 APAC Polyisobutylene (PIB) Market Share, by End-Use Industry, 2018 and 2027 (%)
10.3 Industrial
10.3.1 Overview
10.3.2 Industrial: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
10.4 Food
10.4.1 Overview
10.4.2 Food: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
10.5 Others
10.5.1 Overview
10.5.2 Other: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
11. Polyisobutylene Market – Country Analysis
11.1 Overview
11.1.1 Asia Pacific: Polyisobutylene Market, by Key Country
11.1.1.1 China: Polyisobutylene Market –Revenue and Forecast to 2027 (US$ Mn)
11.1.1.1.1 China: Polyisobutylene Market, Molecular Weight
11.1.1.1.2 China: Polyisobutylene Market, Product
11.1.1.1.3 China: Polyisobutylene Market, Application
11.1.1.1.4 China: Polyisobutylene Market, End-User Industry
11.1.1.2 Japan: Polyisobutylene Market –Revenue and Forecast to 2027 (US$ Mn)
11.1.1.2.1 Japan: Polyisobutylene Market, Molecular Weight
11.1.1.2.2 Japan: Polyisobutylene Market, Product
11.1.1.2.3 Japan: Polyisobutylene Market, Application
11.1.1.2.4 Japan: Polyisobutylene Market, End-User Industry
11.1.1.3 India: Polyisobutylene Market –Revenue and Forecast to 2027 (US$ Mn)
11.1.1.3.1 India: Polyisobutylene Market, Molecular Weight
11.1.1.3.2 India: Polyisobutylene Market, Product
11.1.1.3.3 India: Polyisobutylene Market, Application
11.1.1.3.4 India: Polyisobutylene Market, End-User Industry
11.1.1.4 South Korea: Polyisobutylene Market –Revenue and Forecast to 2027 (US$ Mn)
11.1.1.4.1 South Korea: Polyisobutylene Market, Molecular Weight
11.1.1.4.2 South Korea: Polyisobutylene Market, Product
11.1.1.4.3 South Korea: Polyisobutylene Market, Application
11.1.1.4.4 South Korea: Polyisobutylene Market, End-User Industry
11.1.1.5 Rest of Asia Pacific: Polyisobutylene Market –Revenue and Forecast to 2027 (US$ Mn)
11.1.1.5.1 Rest of Asia Pacific: Polyisobutylene Market, Molecular Weight
11.1.1.5.2 Rest of Asia Pacific: Polyisobutylene Market, Product
11.1.1.5.3 Rest of Asia Pacific: Polyisobutylene Market, Application
11.1.1.5.4 Rest of Asia Pacific: Polyisobutylene Market, End-User Industry
12. Impact of COVID-19 Pandemic on APAC Polyisobutylene Market
12.1 Asia-Pacific: Impact assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Expansion
13.2 Business Planning and Strategy
14. Polyisobutylene (PIB) Market –Company Profiles
14.1 BASF SE
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Braskem SA
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.3 Daelim Industrial Petrochemical Division
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Ineos AG
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.5 Infineum International Limited
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Financial Overview
14.5.7 SWOT Analysis
14.6 The Lubrizol Corporation
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.7 TPC Group
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
15. Appendix
15.1 About The Insight Partners
15.2 Glossary
LIST OF TABLES
Table 1. APAC Polyisobutylene (PIB) Market –Revenue and Forecast to 2027 (US$ Mn)
Table 2. China Polyisobutylene Market, Molecular Weight – Revenue and Forecast to 2027 (USD Mn)
Table 3. China Polyisobutylene Market, Product – Revenue and Forecast to 2027 (USD Mn)
Table 4. China Polyisobutylene Market, Application – Revenue and Forecast to 2027 (USD Mn)
Table 5. China Polyisobutylene Market, End-User Industry – Revenue and Forecast to 2027 (USD Mn)
Table 6. Japan Polyisobutylene Market, Molecular Weight– Revenue and Forecast to 2027 (USD Mn)
Table 7. Japan Polyisobutylene Market, Product – Revenue and Forecast to 2027 (USD Mn)
Table 8. Japan Polyisobutylene Market, Application – Revenue and Forecast to 2027 (USD Mn)
Table 9. Japan Polyisobutylene Market, End-User Industry – Revenue and Forecast to 2027 (USD Mn)
Table 10. India Polyisobutylene Market, Molecular Weight– Revenue and Forecast to 2027 (USD Mn)
Table 11. India Polyisobutylene Market, Product – Revenue and Forecast to 2027 (USD Mn)
Table 12. India Polyisobutylene Market, Application – Revenue and Forecast to 2027 (USD Mn)
Table 13. India Polyisobutylene Market, End-User Industry – Revenue and Forecast to 2027 (USD Mn)
Table 14. South Korea Polyisobutylene Market, Molecular Weight– Revenue and Forecast to 2027 (USD Mn)
Table 15. South Korea Polyisobutylene Market, Product – Revenue and Forecast to 2027 (USD Mn)
Table 16. South Korea Polyisobutylene Market, Application – Revenue and Forecast to 2027 (USD Mn)
Table 17. South Korea Polyisobutylene Market, End-User Industry – Revenue and Forecast to 2027 (USD Mn)
Table 18. Rest of Asia Pacific Polyisobutylene Market, Molecular Weight– Revenue and Forecast to 2027 (USD Mn)
Table 19. Rest of Asia Pacific Polyisobutylene Market, Product – Revenue and Forecast to 2027 (USD Mn)
Table 20. Rest of Asia Pacific Polyisobutylene Market, Application – Revenue and Forecast to 2027 (USD Mn)
Table 21. Rest of Asia Pacific Polyisobutylene Market, End-User Industry – Revenue and Forecast to 2027 (USD Mn)
Table 22. Glossary of Terms, APAC Polyisobutylene Market
LIST OF FIGURES
Figure 1. APAC Polyisobutylene (PIB) Market Segmentation
Figure 2. APAC Polyisobutylene (PIB) Market Segmentation – By Country
Figure 3. APAC Polyisobutylene (PIB) Market Overview
Figure 4. The Highly Reactive (PIB) Segment Held Largest Share of APAC Polyisobutylene (PIB) Market By Product
Figure 5. China Country Held Largest Share of APAC Polyisobutylene (PIB) Market
Figure 6. APAC Polyisobutylene (PIB) Market, Industry Landscape
Figure 7. APAC: PEST Analysis
Figure 8. Expert Opinion
Figure 9. APAC Polyisobutylene (PIB) Market Impact Analysis of Drivers And Restraints
Figure 10. APAC Polyisobutylene (PIB) Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 11. APAC Polyisobutylene Market Breakdown, by Molecular Weight, 2018 &2027 (%)
Figure 12. APAC Low Molecular Weight in Polyisobutylene Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 13. APAC Medium Molecular Weight in Polyisobutylene Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 14. APAC High Molecular Weight in Polyisobutylene Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 15. APAC Polyisobutylene Market Breakdown By Product, 2018 &2027 (%)
Figure 16. APAC Polyisobutylene Market Revenue Via Conventional PIB Forecast, to 2027 (US$ Mn)
Figure 17. APAC Polyisobutylene Market Revenue Via Highly Reactive PIB Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. APAC Polyisobutylene (PIB) Market Share, by Application, 2019 and 2027 (%)
Figure 19. APAC Tires: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
Figure 20. APAC Industrial Lubes and Lube Additives-: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
Figure 21. APA Fuel Additives-: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
Figure 22. APAC Adhesives and Sealants-: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
Figure 23. APAC Others-: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
Figure 24. APAC Polyisobutylene (PIB) Market Share, by End-Use Industry, 2018 and 2027 (%)
Figure 25. APAC Industrial: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
Figure 26. APAC Food: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
Figure 27. APAC Other: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
Figure 28. Asia Pacific: Polyisobutylene Market Revenue Share, by Key Country (2018 and 2027)
Figure 29. China: Polyisobutylene Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 30. Japan: Polyisobutylene Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 31. India: Polyisobutylene Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 32. South Korea: Polyisobutylene Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 33. Rest of Asia Pacific: Polyisobutylene Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 34. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC Polyisobutylene (PIB) market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the APAC Polyisobutylene (PIB) market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the polyisobutylene (PIB) market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.