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Polyisobutylene (PIB) - Global Strategic Business Report

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    Report

  • 409 Pages
  • March 2025
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1382356
The global market for Polyisobutylene (PIB) was valued at US$3.3 Billion in 2024 and is projected to reach US$4.7 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Polyisobutylene (PIB) Market - Key Trends & Drivers Summarized

What Is Polyisobutylene (PIB) and Why Is It Significant?

Polyisobutylene (PIB) is a synthetic rubber, a polymer of isobutylene, and it is known for its excellent impermeability to gases, resistance to chemicals, and flexibility. This versatile material is widely used in various industries due to its unique properties. One of the most notable applications of PIB is in the automotive industry, where it is used in the production of inner tubes and linings for tires, contributing to enhanced air retention and durability. Additionally, PIB is utilized in the manufacture of adhesives, sealants, and lubricants. Its ability to form a protective barrier makes it essential in producing corrosion-resistant coatings and waterproofing materials. The combination of durability, flexibility, and chemical resistance makes PIB a significant material in both industrial and consumer applications.

How Is Polyisobutylene Produced and What Are Its Key Characteristics?

Polyisobutylene is produced through the polymerization of isobutylene, typically using a cationic polymerization process. This process can be controlled to produce PIB with varying molecular weights, tailored for specific applications. The key characteristics of PIB include its low permeability to gases, excellent electrical insulation properties, and resistance to weathering and ozone. These properties make PIB an ideal material for applications requiring long-term durability and stability under harsh conditions. The material's flexibility and tackiness at different temperatures also contribute to its widespread use in adhesives and sealants, where it provides strong bonding and sealing performance. Furthermore, PIB’s non-toxicity and non-reactivity with most chemicals enhance its suitability for use in food-grade and medical applications.

What Are the Emerging Trends and Innovations in the Polyisobutylene Market?

The polyisobutylene market is evolving with several emerging trends and innovations aimed at enhancing its performance and expanding its application scope. One significant trend is the development of high-performance PIB grades with improved properties such as higher thermal stability and better mechanical strength. Innovations in production technology, including the use of advanced catalysts and polymerization techniques, are enabling the creation of PIB with more precise molecular weight distributions and enhanced performance characteristics. Another notable trend is the growing use of PIB in sustainable and eco-friendly products. For instance, PIB-based materials are being increasingly utilized in biodegradable plastics and environmentally friendly adhesives. The rise of electric vehicles is also driving demand for high-quality PIB, as it is used in the production of energy-efficient tires and insulation materials for electric vehicle batteries.

What Factors Are Driving the Growth in the Polyisobutylene Market?

The growth in the polyisobutylene market is driven by several factors, including technological advancements, increasing demand from the automotive and construction industries, and the expanding application of PIB in sustainable products. Technological innovations in production processes are enhancing the quality and performance of PIB, making it more attractive for various high-end applications. The automotive industry’s need for durable and efficient materials for tires and engine components is a significant driver, as PIB provides essential properties like air retention and chemical resistance. The construction industry’s demand for effective sealants and waterproofing materials is also propelling market growth. Additionally, the shift towards sustainable and environmentally friendly products is boosting the use of PIB in green applications, such as biodegradable plastics and eco-friendly adhesives. These factors collectively ensure the robust expansion of the polyisobutylene market, aligning with broader industrial and environmental trends.

Scope of the Study

The report analyzes the Polyisobutylene (PIB) market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments:

Product (Conventional PIB, Highly Reactive PIB); Molecular Weight (High Molecular Weight PIB, Medium Molecular Weight PIB, Low Molecular Weight PIB); End-Use (Transportation End-Use, Industrial End-Use, Food End-Use, Other End-Uses).

Geographic Regions/Countries:

World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Brazil; Mexico; Rest of Latin America; Middle East; Africa.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Conventional PIB segment, which is expected to reach US$2.5 Billion by 2030 with a CAGR of a 5.7%. The Highly Reactive PIB segment is also set to grow at 6.5% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, valued at $469.6 Million in 2024, and China, forecasted to grow at an impressive 8.1% CAGR to reach $1.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as BASF SE, Chevron Oronite Company LLC, Daelim Co., Ltd., ENEOS Corporation, INEOS Group Limited and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Polyisobutylene (PIB) Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Polyisobutylene (PIB) Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Polyisobutylene (PIB) Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Some of the 33 major companies featured in this Polyisobutylene (PIB) market report include:

  • BASF SE
  • Chevron Oronite Company LLC
  • Daelim Co., Ltd.
  • ENEOS Corporation
  • INEOS Group Limited
  • Kothari Petrochemicals Limited
  • Lubrizol Corporation
  • Shandong Hongrui New Material Technology Co., Ltd.
  • TER Chemicals GmbH & Co. KG
  • TPC Group
  • Zhejiang Shunda New Material Co., Ltd.

Table of Contents

I. METHODOLOGYMII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Polyisobutylene: A Polymer Powerhouse Shaping Multiple Industries
  • An Introduction to Polyisobutylene (PIB)
  • Chemical and Physical Properties of PIB
  • Types of Polyisobutylene
  • Major Grades of PIB Resins by Weight
  • Major Applications of Polyisobutylene (PIB)
  • Economic Frontiers: Trends, Trials & Transformations
  • In a World Torn by Geopolitical Instability & War, Steadfastness of Global GDP Becomes Increasingly Unpredictable Given the Many Direct and Indirect Economic Repercussions: World Economic Growth Projections (Real Gross Domestic Product (GDP), Annual % Change) for the Years 2022 Through 2025
  • All Eyes on Global Inflation, the Main Risk Factor in Global Markets: Global Headline Inflation Rates (In %) for the Years 2019 through 2025
  • With Oil Prices Influencing the Rate of inflation, it Remains the Most Watched Commodity in Global Markets: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2019 through 2025
  • COVID-19 Pandemic and Resultant Economic Downturn Impacts Polyisobutylene (PIB) Market
  • Global Market Outlook
  • High-Molecular Weight PIB Leads Global Market
  • Transportation Sector to Continue Driving Gains
  • Developing Economies to Boost Long-term Growth Prospects
  • Production Scenario
  • Global Polyisobutylene Breakdown of Production Capacity by Region: 2024 (E)
  • Competition
  • Polyisobutylene (PIB) - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Recent Market Activity
  • Influencer/Product/Technology Insights
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Encouraging Outlook for Automobile Production, Despite Disruptions, Bodes Well for the Growth of Polyisobutylene
  • Promising Recovery in Automobile Production, Notwithstanding the Many Challenges, Offers Hope for Players in the Value Chain: Global Light Vehicle Production (In Million Units) for Years 2019 through 2025
  • Tire Manufacturing Remains a Major Market for PIB
  • Factors Driving Demand for Polyisobutylene in Tire Manufacturing
  • World Tires Market Analysis of Annual Sales in Million Units by Geographic Region/ Country for Years 2023 and 2030
  • Composition of Passenger/Light Truck Tires and Truck Tires by Weight (%)
  • Popularity of Tubeless Tires Benefits PIB Demand
  • Unique Benefits of PIB Drive Use as Additives in Lubricants
  • Global Lubricant Additives Market in US$ Billion for the Years 2022, 2024, 2026 and 2028
  • Global Lubricant Additives Market Split by Automotive and Industrial Sectors for 2024E
  • PIBs Find Use as a Substitute for Bright Stocks
  • Polyisobutene to Garner Significant Growth as an Edge Sealant in Solar Power
  • Global Solar PV Installed Capacity in GW for the Period 2016-2024
  • Growing Application of PIB as a Binding Agent in Plastic Explosives to Push Demand
  • Global Explosives Market Size in US$ Billion for the Years 2022, 2024, 2026 and 2028
  • PIB Makes Rapid Inroads into Medical Arena
  • Polyisobutylene Finds Growing Relevance in Medical Adhesives & Sealants
  • Bio-based PIB Emerges as a Sustainable Alternative to Traditional Polyisobutylene
  • Polyisobutylene: A Versatile Polymer Revolutionizing the Personal Care Industry
  • Rising Prominence of Polyisobutylene in Food Industry
  • Building Resilience: The Vital Role of Polyisobutylene in Modern Construction
  • Enhancing Packaging Performance with Polyisobutylene Additives
  • Breakthroughs in Polyisobutylene to Pioneer Progress
  • Low Molecular Polyisobutylene: Enhancing Performance and Efficiency in Lubrication
  • Challenges Facing Polyisobutylene Market
  • Environmental Issues Continue to Hinder Growth
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Polyisobutylene (PIB) Market Analysis of Annual Sales in US$ Thousand for Years 2015 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Polyisobutylene (PIB) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Polyisobutylene (PIB) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • TABLE 4: World 15-Year Perspective for Polyisobutylene (PIB) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2015, 2025 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Conventional PIB by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Conventional PIB by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • TABLE 7: World 15-Year Perspective for Conventional PIB by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Highly Reactive PIB by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Highly Reactive PIB by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • TABLE 10: World 15-Year Perspective for Highly Reactive PIB by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for High Molecular Weight PIB by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • TABLE 12: World Historic Review for High Molecular Weight PIB by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • TABLE 13: World 15-Year Perspective for High Molecular Weight PIB by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Medium Molecular Weight PIB by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Medium Molecular Weight PIB by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • TABLE 16: World 15-Year Perspective for Medium Molecular Weight PIB by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Low Molecular Weight PIB by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Low Molecular Weight PIB by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • TABLE 19: World 15-Year Perspective for Low Molecular Weight PIB by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for Transportation End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • TABLE 21: World Historic Review for Transportation End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • TABLE 22: World 15-Year Perspective for Transportation End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Industrial End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Industrial End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • TABLE 25: World 15-Year Perspective for Industrial End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Food End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Food End-Use by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • TABLE 28: World 15-Year Perspective for Food End-Use by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
  • TABLE 29: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
  • TABLE 30: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
  • TABLE 31: World 15-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2015, 2025 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Polyisobutylene (PIB) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)
CANADA
JAPAN
  • Polyisobutylene (PIB) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)
CHINA
  • Polyisobutylene (PIB) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)
EUROPE
  • Polyisobutylene (PIB) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)
FRANCE
  • Polyisobutylene (PIB) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)
GERMANY
  • Polyisobutylene (PIB) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)
ITALY
UNITED KINGDOM
  • Polyisobutylene (PIB) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Polyisobutylene (PIB) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)
AUSTRALIA
  • Polyisobutylene (PIB) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2025 (E)
INDIA
  • Polyisobutylene (PIB) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2025 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Polyisobutylene (PIB) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2025 (E)
BRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Polyisobutylene (PIB) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2025 (E)
AFRICA
  • Polyisobutylene (PIB) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2025 (E)
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • BASF SE
  • Chevron Oronite Company LLC
  • Daelim Co., Ltd.
  • ENEOS Corporation
  • INEOS Group Limited
  • Kothari Petrochemicals Limited
  • Lubrizol Corporation
  • Shandong Hongrui New Material Technology Co., Ltd.
  • TER Chemicals GmbH & Co. KG
  • TPC Group
  • Zhejiang Shunda New Material Co., Ltd.

Table Information