Polyisobutylene Market Share and Forecast by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

Polyisobutylene Market Forecast to 2028 - COVID-19 Impact and Global 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 Others), and End-Use Industry (Industrial, Food, and Others)

Report Date : Dec 2021
Report Code : TIPRE00004683

Category : Chemicals and Materials
Status : Published

Available Report Formats :
No. of Pages : 185

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

[Research Report] The polyisobutylene market was valued at US$ 2,871.14 million in 2021 and is projected to reach US$ 3,891.16 million by 2028; it is expected to grow at a CAGR of 4.4% from 2021 to 2028.

Polyisobutylene (PIB) is an elastomer or a synthetic rubber. By molecular weight, the market is segmented into low, medium, and high. It is a versatile, non-toxic, and water-white viscous liquid. Polyisobutylene can increase tackiness, provide water-repellency, improve viscosity-index, and provide excellent electrical insulation.

In 2020, North America held the largest revenue share of the global polyisobutylene market. Rising demands from various applications, such as transportation, agrochemical, electrical, and adhesive, drive the growth of the market in North America. Polyisobutylene is increasingly utilized in the transportation, food, and construction industries as it offers low gas permeability, excellent tensile strength, high chemical resistance, and increased stiffness.

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Polyisobutylene Market: Strategic Insights

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Impact of COVID-19 Pandemic on Polyisobutylene Market

The COVID-19 pandemic drastically altered the status of the chemicals & materials sector and negatively impacted the growth of the polyisobutylene market.The global chemical & materials industry is one of the major industries suffering serious disruptions of the pandemic, such as supply chain breaks, technology events cancellations, and office shutdowns. The global travel bans imposed by countries in Europe, Asia, and North America are affecting the business collaborations and partnerships opportunities. All these factors are anticipated to affect the electronics and chemical & materials industry in a negative manner, which hinders the growth of various markets related to these industries. However, as the economies are planning to revive their operations, the demand for polyisobutylene is expected to rise globally. The demand for polyisobutylene from the downstream industrial lubes and lube additives sectors has started rising with the resumption of business activities and the lifting of lockdown measures globally. Market Insights
Automotive Industry to Fuel Market Growth During Forecast Period

For the automotive industry, performance of engines to perform their daily functions is important. 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.

Application Insights

Based on application, the global polyisobutylene market is segmented into tires, industrial lubes and lube additives, fuel additives, adhesives and sealants, and others. The industrial lubes and lube additives segment held the largest share of the market in 2020. Polyisobutylene (PIB) reacts with maleic anhydride to form polyisobutenyl- succinic-anhydride (PIBSA), a basic building block for dispersants in lube oils and detergents in fuels. Its other variant polyisobutylene-succinimide (PIBSI) derived from polyisobutylene (PIB) acts as an antioxidant emulsifier in soluble metalworking fluids and a lube additive building block. PIB also burn cleaner, making them ideal for use in two-stroke engines oils and marine applications where lubricants are subjected to harsh blow-by gases from huge diesel engines.

BASF SE, Braskem S.A., Daelim Industrial Petrochemical Division, Ineos AG, Infineum International Limited., Kothari Petrochemicals., Sibur Holding PJSC, Kemat Polybutenes, The Lubrizol Corporation, and TPC Group are among the key players in the global polyisobutylene market. Players operating in the market are highly focused on developing high-quality and innovative product offerings to fulfill the customer's requirements.

Polyisobutylene Market Regional Insights

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

polyisobutylene-pib-market-global-geography

Get the Regional Specific Data for Polyisobutylene Market

Polyisobutylene Market Report Scope

Report Attribute	Details
Market size in 2021	US$ 2.87 Billion
Market Size by 2028	US$ 3.89 Billion
Global CAGR (2021 - 2028)	4.4%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Molecular Weight Low Medium High By Product Conventional PIB and Highly Reactive PIB By Application Tires Industrial Lubes and Lube Additives Fuel Additives Adhesives and Sealants By End-Use Industry Industrial Food
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	BASF SE Braskem SA Daelim Industrial Petrochemical Division Ineos AG Infineum International Limited Kemat Polybutenes Kothari Petrochemicals Sibur Holding PJSC The Lubrizol Corporation

Polyisobutylene Market Players Density: Understanding Its Impact on Business Dynamics

The 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.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Polyisobutylene Market are:

BASF SE
Braskem SA
Daelim Industrial Petrochemical Division
Ineos AG
Infineum International Limited

Disclaimer: The companies listed above are not ranked in any particular order.

Get the Polyisobutylene Market top key players overview

Report Spotlights

Progressive industry trends in the polyisobutylene market to help players develop effective long-term strategies
Business growth strategies adopted by developed and developing markets
Quantitative analysis of the polyisobutylene market from 2019 to 2028
Estimation of global demand for polyisobutylene
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, as well as factors driving and restraining the growth of the polyisobutylene market
Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
The size of the polyisobutylene market size at various nodes
Detailed overview and segmentation of the market, as well as the polyisobutylene industry dynamics
Size of the polyisobutylene market in various regions with promising growth opportunities

Polyisobutylene Market

By Molecular Weight

Low
Medium
High
Product
Conventional PIB
Highly Reactive PIB

Application

Tires
Industrial Lubes and Lube Additives
Fuel Additives
Adhesives and Sealants
Others

End-Use Industry

Industrial
Food
Others

Company Profiles

BASF SE
Braskem S.A.
Daelim Industrial Petrochemical Division
Ineos AG
Infineum International Limited.
Kemat Polybutenes
Kothari Petrochemicals
Sibur Holding PJSC
The Lubrizol Corporation
TPC Group

Frequently Asked Questions

Based on application, why is the industrial lubes and lube additives segment expected to grow at the highest rate during 2019-2027?

Polyisobutylene (PIB) are also used as substitutes for bright stock owing to their advantages such as better viscosity indices and more oxidative and hydrolytic stability. PIB also burn cleaner, making them ideal for use in two-stroke engines oils and marine applications where lubricants are subjected to harsh blow-by gases from huge diesel engines. PIBs are often used in industrial gear oils and have long been used as thickeners in automotive gear oils. The ubiquitous use of polyisobutylene in industrial gear oils is expected to have a positive influence on the polyisobutylene industry.

Can you list some of the major players operating in the global polyisobutylene market?

The major players operating in the global polyisobutylene market are BASF SE, Braskem SA, Daelim Industrial Petrochemical Division, Ineos AG, Infineum International Limited, Kemat Polybutenes, Kothari Petrochemicals, Sibur Holding PJSC, The Lubrizol Corporation, and TPC Group; among many others.

In 2018, which region held the largest share of the global polyisobutylene market?

In 2018, the polyisobutylene market was predominant in North America at the global level. North America region has a well-established automotive and transport industry. The increase in the production of automotive propels the demand for polyisobutylene. Therefore, increased demand for automobiles and infrastructure developments in the US and Canada are expected to fuel the polyisobutylene market during the forecast period.

Research Manager

Habi Ummer

Manager,
Market Research & Consulting

Habi is a seasoned Market Research Analyst with 8 years of experience specializing in the Chemicals and Materials sector, with additional expertise in the Food & Beverages and Consumer Goods industries. He is a Chemical Engineer from Vishwakarma Institute of Technology (VIT) and has developed deep domain knowledge across industrial and specialty chemicals, paints and coatings, paper and packaging, lubricants, and consumer products. Habi’s core competencies include market sizing and forecasting, competitive benchmarking, trend analysis, client engagement, report writing, and team coordination—making him adept at delivering actionable insights and supporting strategic decision-making.

What are the Polyisobutylene Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Polyisobutylene Market Report Snapshots

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