South and Central America Polyisobutylene Market Trends and Analysis by 2028

The South & Central America polyisobutylene market is expected to reach US$ 204.9 million by 2028 from US$ 161.5 million in 2021. The market is estimated to grow at a CAGR of 3.5% from 2021–2028.

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.

Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several countries of South America will reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the polyisobutylene market. The South & Central America polyisobutylene market is expected to grow at a good CAGR during the forecast period.

South & Central America Polyisobutylene Market Revenue and Forecast to 2028 (US$ Million)

South & Central America Polyisobutylene Market Segmentation          

By Molecular Weight

• Low
• Medium
• High

By Product

• Conventional PIB
• Highly Reactive PIB

By Application

• Tires
• Industrial Lubes and Lube Additives
• Fuel Additives
• Adhesives and Sealants
• Other Application

By End User

• Industrial
• Food
• Others

By Country

• South & Central America
• Brazil
• Argentina
• Rest of South & Central America

Companies Mentioned

• BASF SE
• Braskem S.A.
• TPC Group
• Daelim Industrial Petrochemical Division
• Ineos AG
• Infineum International Limited    

South and Central America Polyisobutylene Report Scope