Polyisobutylene Market Size, Growth & Forecast to 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 Code : TIPRE00004683
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 185
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[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

polyisobutylene-pib-market
Market Size Value inUS$ 2,871.14 million in 2021
Market Size Value byUS$ 3,891.16 million by 2028
Growth rateCAGR of 4.4% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
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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.

Global Polyisobutylene Market Breakdown – by Region

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

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.

Polyisobutylene Market, by Application – 2020 and 2028

chemicals-and-materials
Polyisobutylene Market, by Application – 2020 and 2028
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

 

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.
 

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
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Molecular Weight, Product, Application, and End-Use Industry

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


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.

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.

The List of Companies - Polyisobutylene Market

  1. BASF SE
  2. Braskem SA
  3. Daelim Industrial Petrochemical Division
  4. Ineos AG
  5. Infineum International Limited
  6. Kemat Polybutenes
  7. Kothari Petrochemicals
  8. Sibur Holding PJSC
  9. The Lubrizol Corporation
  10. TPC Group

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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