North America Polyisobutylene Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Molecular Weight (Low, Medium, and High), Product (Conventional PIB, Highly Reactive PIB), Application (Tires, Industrial Lubes and Lube Additives, Fuel Additives, Adhesives and Sealants), and End Use (Industrial, Food, and Others)
The Polyisobutylene market in North America is expected to grow from US$ 887.9 million in 2019 to US$ 1269.5 million by 2027; it is estimated to grow at a CAGR of 4.6% from 2020 to 2027.
US, Canada, and Mexico are the major economies in North America. The automotive industry to boost 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. On 220th national meeting of the American Chemical Society (the world's largest scientific society), it has been described that a polymer-based gasoline additive might be able to dramatically increase engine power and mileage with less pollution. Now being tested in and utilized in United States, the additive, polyisobutylene, is a polymer which works in a different way than the oxygenates and widely used as gasoline additives. Adding just a small quantity of polyisobutylene to a tank of the gas decreases the separation of smaller and larger molecules. The automotive industry has been the key market for several types of fuel additives is also bolstering the growth of the automobiles industry. 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. Thus, the growth in the automobiles sector is expected to create a significant demand for polyisobutylene (PIB) in the coming years, which is further anticipated to drive the market in North America.
The US has the highest number of confirmed cases of coronavirus, as, compared to Canada and Mexico. This is likely to impact the chemical and materials industry in the region as, due to the COVID-19 outbreak, the supply chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.
The governments across North America are taking major actions such as to contain the outbreak such as travel bans, business shutdowns, and lockdowns to mitigate the COVID-19 outbreak, which on the other hand, is affecting the anticipated revenue generation and growth opportunities in coming months in North America.
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 North America polyisobutylene market is expected to grow at a good CAGR during the forecast period.
North America Polyisobutylene Market Revenue and Forecast to 2027 (US$ Mn)
North America Polyisobutylene Market Segmentation
North America Polyisobutylene Market – by Molecular Weight
- Low
- Medium
- High
North America Polyisobutylene Market – by Product
- Conventional PIB
- Highly Reactive PIB
North America Polyisobutylene Market – by Application
- Tires
- Industrial Lubes and Lube Additives
- Fuel Additives
- Adhesives and Sealants
North America Polyisobutylene Market – by End Use Industry
- Industrial
- Food
- Others
North America Polyisobutylene Market, by Country
- US
- Canada
- Mexico
North America Polyisobutylene Market-Companies Mentioned
- BASF SE
- Braskem SA
- Daelim Industrial Petrochemical Division
- Ineos AG
- Infineum International Limited
- The Lubrizol Corporation
- TPC Group
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 North America
4.3 Expert Opinion
5. Polyisobutylene (PIB) Market –Market Dynamics
5.1 Market Drivers
5.2 Market Restraints
5.2.1 Environmental impact and presence of alternatives/substitutes to hamper 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)– North America Market Analysis
6.1 Polyisobutylene (PIB) Market Overview
6.2 North America Polyisobutylene (PIB) Market –Revenue and Forecast to 2027 (US$ Mn)
6.3 Competitive Positioning: Key Market Players
7. North America Polyisobutylene Market Analysis – By Molecular Weight
7.1 Overview
7.2 North America 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. North America Polyisobutylene Market Analysis – By Product
8.1 Overview
8.2 North America Polyisobutylene Market Breakdown, By Product, 2018 &2027
8.3 Conventional PIB
8.3.1 Overview
8.3.2 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 Polyisobutylene Market Revenue Via Highly Reactive PIB Revenue and Forecast, to 2027 (US$ Mn)
9. Polyisobutylene (PIB) Market Analysis – By Application
9.1 Overview
9.2 North America 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. Polyisobutylene (PIB) Market Analysis – By End-Use Industry
10.1 Overview
10.2 North America 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 North America: Polyisobutylene Market, by Key Country
11.1.1.1 US: Polyisobutylene Market –Revenue and Forecast to 2027 (US$ Mn)
11.1.1.1.1 US: Polyisobutylene Market, Molecular Weight
11.1.1.1.2 US: Polyisobutylene Market, Product
11.1.1.1.3 US: Polyisobutylene Market, Application
11.1.1.1.4 US: Polyisobutylene Market, End-User Industry
11.1.1.2 Canada: Polyisobutylene Market –Revenue and Forecast to 2027 (US$ Mn)
11.1.1.2.1 Canada: Polyisobutylene Market, Molecular Weight
11.1.1.2.2 Canada: Polyisobutylene Market, Product
11.1.1.2.3 Canada: Polyisobutylene Market, Application
11.1.1.2.4 Canada: Polyisobutylene Market, End-User Industry
11.1.1.3 Mexico: Polyisobutylene Market –Revenue and Forecast to 2027 (US$ Mn)
11.1.1.3.1 Mexico: Polyisobutylene Market, Molecular Weight
11.1.1.3.2 Mexico: Polyisobutylene Market, Product
11.1.1.3.3 Mexico: Polyisobutylene Market, Application
11.1.1.3.4 Mexico: Polyisobutylene Market, End-User Industry
12. Impact of COVID-19 Pandemic on North America Polyisobutylene Market
12.1 North America: 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
14.6 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. North America Polyisobutylene (PIB) Market –Revenue and Forecast to 2027 (US$ Mn)
Table 2. US Polyisobutylene Market, Molecular Weight– Revenue and Forecast to 2027 (USD Mn)
Table 3. US Polyisobutylene Market, Product – Revenue and Forecast to 2027 (USD Mn)
Table 4. US Polyisobutylene Market, Application – Revenue and Forecast to 2027 (USD Mn)
Table 5. US Polyisobutylene Market, End-User Industry – Revenue and Forecast to 2027 (USD Mn)
Table 6. Canada Polyisobutylene Market, Molecular Weight– Revenue and Forecast to 2027 (USD Mn)
Table 7. Canada Polyisobutylene Market, Product – Revenue and Forecast to 2027 (USD Mn)
Table 8. Canada Polyisobutylene Market, Application– Revenue and Forecast to 2027 (USD Mn)
Table 9. Canada Polyisobutylene Market, End-User Industry– Revenue and Forecast to 2027 (USD Mn)
Table 10. Mexico Polyisobutylene Market, Molecular Weight– Revenue and Forecast to 2027 (USD Mn)
Table 11. Mexico Polyisobutylene Market, Product – Revenue and Forecast to 2027 (USD Mn)
Table 12. Mexico Polyisobutylene Market, Application – Revenue and Forecast to 2027 (USD Mn)
Table 13. Mexico Polyisobutylene Market, End-User Industry – Revenue and Forecast to 2027 (USD Mn)
Table 14. Glossary of Terms, North America Polyisobutylene Market
LIST OF FIGURES
Figure 1. North America Polyisobutylene (PIB) Market Segmentation
Figure 2. North America Polyisobutylene (PIB) Market Segmentation – By Country
Figure 3. North America Polyisobutylene (PIB) Market Overview
Figure 4. The Highly Reactive (PIB) Segment Held Largest Share of North America Polyisobutylene (PIB) Market By Product
Figure 5. US Region Held Largest Share of North America Polyisobutylene (PIB) Market
Figure 6. North America Polyisobutylene (PIB) Market, Industry Landscape
Figure 7. North America PEST Analysis
Figure 8. Expert Opinion
Figure 9. Polyisobutylene (PIB) Market Impact Analysis of Drivers And Restraints
Figure 10. North America Polyisobutylene (PIB) Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 11. North America Polyisobutylene Market Breakdown, by Molecular Weight, 2018 &2027 (%)
Figure 12. North America Low Molecular Weight in Polyisobutylene Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 13. North America Medium Molecular Weight in Polyisobutylene Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 14. North America High Molecular Weight in Polyisobutylene Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 15. North America Polyisobutylene Market Breakdown By Product, 2018 &2027 (%)
Figure 16. North America Polyisobutylene Market Revenue Via Conventional PIB Forecast, to 2027 (US$ Mn)
Figure 17. North America Polyisobutylene Market Revenue Via Highly Reactive PIB Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. North America Polyisobutylene (PIB) Market Share, by Application, 2019 and 2027 (%)
Figure 19. North America Tires: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
Figure 20. North America Industrial Lubes and Lube Additives-: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
Figure 21. North America Fuel Additives-: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
Figure 22. North America Adhesives and Sealants-: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
Figure 23. North America Others-: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
Figure 24. North America Polyisobutylene (PIB) Market Share, by End-Use Industry, 2018 and 2027 (%)
Figure 25. North America Industrial: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
Figure 26. North America Food: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
Figure 27. North America Other: Polyisobutylene (PIB) Market– Revenue and Forecast to 2027 (US$ Mn)
Figure 28. North America: Polyisobutylene Market Revenue Share, by Key Country (2018 and 2027)
Figure 29. US: Polyisobutylene Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 30. Canada: Polyisobutylene Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 31. Mexico: Polyisobutylene Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 32. Impact of COVID-19 Pandemic In North American Country Markets
- BASF SE
- Braskem SA
- Daelim Industrial Petrochemical Division
- Ineos AG
- Infineum International Limited
- The Lubrizol Corporation
- TPC Group
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America market trends and outlook coupled with the factors driving the Polyisobutylene 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