Highly Reactive Polyisobutylene Market Size, Share, and Analysis by 2028

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.

Highly Reactive Polyisobutylene Market: Strategic Insights

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.

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.

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.

The regional trends and factors influencing the Highly Reactive Polyisobutylene Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Highly Reactive Polyisobutylene Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Highly Reactive Polyisobutylene Market Report Scope

Highly Reactive Polyisobutylene Market Players Density: Understanding Its Impact on Business Dynamics

The Highly Reactive Polyisobutylene Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

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