Highly Reactive Polyisobutylene Market Size and Share | Forecast 2021-28

Free Sample PDF Inquiry Before Buying
Chemicals and Materials Highly Reactive Polyisobutylene Market
report image

Highly Reactive Polyisobutylene Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application (Adhesives/Sealants, Lubricants & Grease, Hydraulic Fluids, Metal Working Fluids, and Others)

Publication Month: Feb 2022 | Report Code: TIPRE00020158 | No. of Pages: 119 | Category: Chemicals and Materials | Status: Published

The highly reactive polyisobutylene market is projected to reach US$ 697.44 million by 2028 from US$ 508.77 million in 2021; it is expected to grow at a CAGR of 4.6% from 2021 to 2028.

Highly reactive polyisobutylene (HR-PIB) is an important intermediate used in the production of high-performance fuel and lubricant additives, such as dispersants for engine oils or fuel detergents. The high-performance lubricant additives allow for more fuel-efficient engine designs.

In 2020, Asia Pacific held the largest revenue share of the highly reactive polyisobutylene market. The lubricants & grease segment is the largest consumer of HR-PIB in Asia Pacific region. The proliferation of the automotive sector in the region is boosting the demand for hydraulic fluid and lubricants, thereby propelling the need for HR-PIB. Further, the increase in industrialization and construction in Asia Pacific is driving the demand for machinery and equipment in the related manufacturing facilities.

Strategic Insights

Report Coverage - Highly Reactive Polyisobutylene Market
Report CoverageDetails
Market Size Value inUS$ 508.77 million in 2021
Market Size Value byUS$ 697.44 million by 2028
Growth rateCAGR of 4.6% from 2021 to 2028.
Forecast Period2021- 2028
Base Year2021
No. of Pages119
No. of Tables31
No. of Charts & Figures60
Historical data availableYes
Segments coveredApplication
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

Impact of COVID-19 Pandemic on Highly Reactive Polyisobutylene Market

In 2020, various industries had to slow down their operations due to disruptions in supply chains caused by the shutdown of national and international boundaries, which led to low demand for HR-PIB. The pandemic caused disturbances in manufacturing processes due to restrictions imposed by government authorities in various countries on headcount on work floors and transportation, which made challenging for employees to commute to and from the worksites. HR-PIB finds major applications in the manufacturing of high-performance fuel and lubricant additives. The decreased demand for fuel from various industries hindered the consumption of fuel additives, eventually hampering the sales of HR-PIB.  However, as the economies started reviving their operations in 2021, the demand for HR-PIB also began to rise gradually.

Highly Reactive Polyisobutylene Market Breakdown – by Region

Highly Reactive Polyisobutylene Market Breakdown – by Region

Get more information on this report :

Market Insights

Increasing Use of HR-PIB in High-Performance Fuel and Lubricant Additive Production

HR-PIB is an important intermediate that finds application in the production of high-performance fuel and lubricant additives. Due to its highly reactive nature, it is preferred over conventional polyisobutylene in the production of additives. The main function of lubricant additives is to improve the properties of the base stock under different operating conditions. Moreover, high-performance lubricant additives support more fuel-efficient engine designs. Dispersants are lubricant additives that help prevent sludge, varnish, and other deposit formation on critical surfaces. The demand for HR-PIB is growing in the industrial synthesis of dispersants for automotive engine oils. The presence of strong additive manufacturing bases in the US, Europe, and Asia Pacific makes them prime consumers of HR-PIB. Hence, the increasing use of HR-PIB in the manufacturing of high-performance fuel and lubricant additives boosts the market growth.

Application Insights

Based on application, the highly reactive polyisobutylene market has been segmented into adhesives/sealants, lubricants & grease, hydraulic fluids, metal working fluids, and others. The lubricants & grease segment held the largest market share in 2020. Lubricants such as engine oils, transmission oils, gear oils, greases, and compressor oils are highly consumed in the automotive, aircraft, marine, and machinery industries. HR-PIB helps enhance the overall performance of lubricants.

Highly Reactive Polyisobutylene Market, by Application – 2020 and 2028

Highly Reactive Polyisobutylene Market, by Application – 2020 and 2028

Get more information on this report :

 

TPC Group; RB PRODUCTS INC.; BASF PETRONAS Chemicals Sdn. Bhd; Shandong Hongrui New Material Technology Co., Ltd; Daelim Co., Ltd.; Chevron Corporation; The Lubrizol Corporation; KEMAT Polybutenes; Weifang Binhai Petro-chem Co., Ltd.; and Nelson Brothers Incorporated are among the key market players in the highly reactive polyisobutylene market. Players operating in the highly reactive polyisobutylene market are highly focused on the development of high-quality and innovative products to meet the customer’s requirements.

 

Report Spotlights

  • Progressive trends in the highly reactive polyisobutylene industry to help players develop effective long-term strategies
  • Business growth strategies adopted by companies for ensuring growth in  developed and developing markets
  • Quantitative analysis of the highly reactive polyisobutylene market from 2019 to 2028
  • Estimation of global demand for HR-PIB
  • Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook, and factors driving and restraining the growth of the highly reactive polyisobutylene market
  • Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
  • Size of the highly reactive polyisobutylene market at various nodes
  • Detailed overview and segmentation of the market, and the HR-PIB industry dynamics
  • Size of the highly reactive polyisobutylene market in various regions with promising growth opportunities

Highly Reactive Polyisobutylene Market

Application

  • Adhesives/Sealants
  • Lubricant & Grease
  • Hydraulic Fluids
  • Metal Working Fluids
  • Others

Company Profiles

  • TPC Group
  • RB PRODUCTS INC.
  • BASF PETRONAS Chemicals Sdn. Bhd
  • Shandong Hongrui New Material Technology Co., Ltd
  • Daelim Co., Ltd.
  • Chevron Corporation
  • The Lubrizol Corporation
  • KEMAT Polybutenes
  • Weifang Binhai Petro-chem Co., Ltd.
  • Nelson Brothers Incorporated

Frequently Asked Questions

Can you list some of the major players operating in the global highly reactive polyisobutylene market?
The major players operating in the global highly reactive polyisobutylene market are TPC Group; RB PRODUCTS INC.; BASF PETRONAS Chemicals Sdn. Bhd; Shandong Hongrui New Material Technology Co., Ltd; Daelim Co., Ltd.; Chevron Corporation; The Lubrizol Corporation; KEMAT Polybutenes; Weifang Binhai Petro-chem Co., Ltd.; and Nelson Brothers Incorporated.
During the forecast period, which region is anticipated to account for the largest share of the global highly reactive polyisobutylene market?
During the forecast period, Asia-Pacific is anticipated to account for the largest share of the global highly reactive polyisobutylene market. Asia-Pacific region comprises several developed and developing economies, including China, India, Japan, South Korea, among others. The region is experiencing significant growth in automotive, which is boosting the demand for hydraulic fluid and lubricants which directly boosts demand for highly reactive polyisobutylene. Further, the increase in industrialization and construction in the region is driving the demand of machineries and equipment for manufacturing facilities, hydraulic fluids and sealants are widely used in these industries.
On the basis of application, which segment led the global highly reactive polyisobutylene market in 2020?
Based on application, the lubricant and grease segment led the global highly reactive polyisobutylene market in 2020. Lubricants such as engine oils, transmission oils, gear oils, greases, and compressor oils are highly consumed in automotive, aircraft, marine, and machinery industries. highly reactive polyisobutylene is used as an intermediate for lubricant additive manufacturing. It helps to enhance the overall performance of lubricant and grease which is propelling the segment growth.
What are the drivers for the growth of the global highly reactive polyisobutylene market?
Increasing use of highly reactive polyisobutylene in high-performance fuel and lubricant additive production and proliferation of the automotive sector are the key factors driving the highly reactive polyisobutylene market during the forecast period. Highly reactive polyisobutylene is an important intermediate that finds application in the production of high-performance fuel and lubricant additives, such as fuel detergents or dispersants for engine oils. Due to its highly reactive nature, highly reactive polyisobutylene is preferred over conventional polyisobutylene in additive production. The demand for highly reactive polyisobutylene is growing in the industrial synthesis of dispersants for automotive engine oils. Moreover, highly reactive polyisobutylene finds applications in the production of fuel and lubricant additives, sealants, adhesives, and greases, among others, the flourishment of the automotive sector, in turn, creates a high demand for the same, thereby boosting the market growth.
What are the opportunities for the highly reactive polyisobutylene market growth?
Players operating in the highly reactive polyisobutylene market are increasingly focusing on ramping up their production capacities to meet future customer demands by making significant investments. They are implementing plans to set up additional capacities of highly reactive polyisobutylene. In 2019, Saudi Aramco and Total announced an agreement with Daelim, a South Korean petrochemical company, to build a new polyisobutylene facility. As per the Memorandum of Understanding (MoU) between these companies, Daelim is planning to build a new state-of-the-art PIB plant with a capacity of 80,000 tons. The new plant is expected to come on-stream in 2024. This specialty chemical project will be using Daelim’s PIB proprietary technology to produce a wide range of products, from conventional PIB (CPIB) to HR-PIB, in a single plant. Hence, the growing focus of market players to escalate their capacities of HR-PIB production will offer huge growth opportunities to the market players in the coming years.
What are the trends for the global highly reactive polyisobutylene market?
Production techniques and catalysts used to synthesize HR-PIB have become an important subject for research and development activities in the last few decades. Research and development activities are mostly focusing on new polymerization techniques with greater potential advantages than traditional techniques. Various research groups are also actively investigating new catalysts for synthesizing highly reactive polyisobutylene; this further underlines the demand for different polymerization techniques than the existing ones. In addition, HR-PIB is gaining significant popularity in different downstream functionalization reactions due to its greater reactivity than its conventional counterparts. These factors are likely to lead to new future trends in the highly reactive polyisobutylene market.

The List of Companies - Highly Reactive Polyisobutylene Market

  1. TPC Group
  2. RB PRODUCTS INC.
  3. BASF PETRONAS Chemicals Sdn. Bhd
  4. Shandong Hongrui New Material Technology Co., Ltd
  5. Daelim Co., Ltd.
  6. Chevron Corporation
  7. The Lubrizol Corporation
  8. KEMAT Polybutenes
  9. Weifang Binhai Petro-chem Co., Ltd.
  10. Nelson Brothers Incorporated
  • 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 global highly reactive polyisobutylene market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
TIPRE00020158
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Get the Latest COVID-19 Analysis on this market

Download PDF Brochure


christmas_festive_offer

Have a Question?

Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Speak to Analyst
Pricing
  • $3000 $2700
  • $4550 $4095
  • $6550 $5568
  • $8550 $6840
Sample Download Download Free Sample

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.

    Inquire for Discount