The global polyisobutylene market size is expected to reach USD 2.53 billion by 2028. It is expected to expand at a CAGR of 4.0% from 2021 to 2028. The market is anticipated to expand in the years to come due to the growth of the automotive, electrical and electronics, food packaging, and building and construction industries across the globe.
Polyisobutylene exhibits low gas and moisture permeability, high thickening efficiency, good shear stability, good electrical insulation, adhesive, and tackifier properties, and resilience to UV. These properties make it suitable to manufacture filler compounds, adhesives, and sealants, tubeless tire inner lining, lubricants additives, fuel additives, wrap films, and cable insulation materials.
Major players are entering into partnerships to increase the polyisobutylene manufacturing capacity. For instance, in January 2019, Saudi Aramco and TotalEnergies entered into an agreement with Daelim Co., Ltd. to build a new polyisobutylene plant, which is expected to come on-stream in 2024. The facility will be located in Saudi Arabia and will give Daelim Co., Ltd. the opportunity to service customers in the Middle East and markets across Europe and Asia.
Polyisobutylene manufacturers are tapping the political scenarios in the region and engaging with governments to strengthen their foothold in the market. For instance, in March 2021, Kothari Petrochemicals received consent to operate for expansion from the Pollution Control Board in India. This expansion consent obtained from the government agency is expected to increase the production capacity of polybutylene.
Key polyisobutylene manufacturers are carrying out different marketing initiatives to increase their brand presence in the market. For instance, in August 2021, Chevron Oronite, a part of Chevron Corporation, sponsored and exhibited their products, including polyisobutylene, dispersants, PIBSA, and other products at the Specialty & Agro Chemicals America conference. Such initiatives are expected to result in promoting their brand in the market for polyisobutylene.
Polyisobutylene exhibits low gas and moisture permeability, high thickening efficiency, good shear stability, good electrical insulation, adhesive, and tackifier properties, and resilience to UV. These properties make it suitable to manufacture filler compounds, adhesives, and sealants, tubeless tire inner lining, lubricants additives, fuel additives, wrap films, and cable insulation materials.
Major players are entering into partnerships to increase the polyisobutylene manufacturing capacity. For instance, in January 2019, Saudi Aramco and TotalEnergies entered into an agreement with Daelim Co., Ltd. to build a new polyisobutylene plant, which is expected to come on-stream in 2024. The facility will be located in Saudi Arabia and will give Daelim Co., Ltd. the opportunity to service customers in the Middle East and markets across Europe and Asia.
Polyisobutylene manufacturers are tapping the political scenarios in the region and engaging with governments to strengthen their foothold in the market. For instance, in March 2021, Kothari Petrochemicals received consent to operate for expansion from the Pollution Control Board in India. This expansion consent obtained from the government agency is expected to increase the production capacity of polybutylene.
Key polyisobutylene manufacturers are carrying out different marketing initiatives to increase their brand presence in the market. For instance, in August 2021, Chevron Oronite, a part of Chevron Corporation, sponsored and exhibited their products, including polyisobutylene, dispersants, PIBSA, and other products at the Specialty & Agro Chemicals America conference. Such initiatives are expected to result in promoting their brand in the market for polyisobutylene.
Polyisobutylene Market Report Highlights
- The automotive rubber components application segment is expected to register the highest revenue-based CAGR of 5.0% over the forecast period. This is attributed to the use of polyisobutylene in the inner lining of tubeless tires, which is expected to be driven by the growing demand for passenger and commercial vehicles
- By product, high molecular weight polyisobutylene dominated the market and accounted for more than 65.0% share of the overall revenue in 2020. This is attributed to its use in adhesives, fuel and lubricant additives, food-grade packaging films, and automotive rubber applications
- The increasing demand for tubeless tires in the automotive industry and the rising demand for lubricant additives are expected to drive the market for polyisobutylene
- Asia Pacific accounted for more than30.0% share of the overall revenue in 2020. This can be credited to the increasing demand for polyisobutylene from key industries, including automotive, construction, cosmetics, and aerospace, in emerging economies such as China and India
Table of Contents
Chapter 1. Methodology and Scope1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 The Publisher's Internal Database
1.3.3 Secondary Sources
1.3.4 Third Party Perspective
1.3.5 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing
1.7 List of Abbreviations
Chapter 2. Executive Summary
2.1 Market Summary
2.2 Segmental Outlook
Chapter 3. Polyisobutylene Market Variables, Trend, and Scope
3.1 Market Lineage Outlook
3.1.1 Global Plastics Market Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Industry Value Chain Analysis
3.3.1 Raw Material Trends
3.3.1.1 Isobutylene
3.3.1.2 Isoprene
3.4 Regulatory Framework
3.4.1 Standard & Compliances
3.4.2 Safety
3.4.2.1 Hazard Identification
3.4.2.2 First-Aid Measures
3.4.2.3 Fire-Fighting Measures
3.5 Market Dynamics
3.5.1 Market Driver Analysis
3.5.1.1 Increasing Demand for Tubeless Tires in the Automotive Industry
3.5.1.2 Rising Demand for Lubricant Additives
3.5.2 Market Restraint Analysis
3.5.2.1 Stringent Environmental Regulations
3.5.3 Market Opportunity Analysis
3.5.4 Market Challenge Analysis
3.6 Business Environment Analysis: Polyisobutylene Market
3.6.1 Porter's Five Force Analysis
3.6.2 PESTEL Analysis
Chapter 4. Polyisobutylene Market: Product Estimates & Trend Analysis
4.1 Polyisobutylene Market: Product Movement Analysis, 2020 & 2028
4.2 High Molecular Weight
4.2.1 Polyisobutylene Market Estimates and Forecasts, by High Molecular Weight, 2017 - 2028 (Tons) (USD Million)
4.3 Medium Molecular Weight
4.3.1 Polyisobutylene Market Estimates and Forecasts, by Medium Molecular Weight, 2017 - 2028 (Tons) (USD Million)
4.4 Low Molecular Weight
4.4.1 Polyisobutylene Market Estimates and Forecasts, by Low Molecular Weight, 2017 - 2028 (Tons) (USD Million)
Chapter 5. Polyisobutylene Market: Application Estimates & Trend Analysis
5.1 Polyisobutylene Market: Application Movement Analysis, 2020 & 2028
5.2 Adhesive & Sealants
5.2.1 Polyisobutylene Market Estimates and Forecasts, by Adhesive & Sealants, 2017 - 2028 (Tons) (USD Million)
5.3 Automotive Rubber Components
5.3.1 Polyisobutylene Market Estimates and Forecasts, by Automotive Rubber Components, 2017 - 2028 (Tons) (USD Million)
5.4 Fuel Additives
5.4.1 Polyisobutylene Market Estimates and Forecasts, by Fuel Additives, 2017 - 2028 (Tons) (USD Million)
5.5 Lubricant Additives
5.5.1 Polyisobutylene Market Estimates and Forecasts, by Lubricant Additives, 2017 - 2028 (Tons) (USD Million)
5.6 Others
5.6.1 Polyisobutylene Market Estimates and Forecasts, by Others, 2017 - 2028 (Tons) (USD Million)
Chapter 6. Polyisobutylene Market: Regional Estimates & Trend Analysis
6.1 Polyisobutylene Market: Regional Movement Analysis, 2020 & 2028
6.2 North America
6.2.1 North America Polyisobutylene Market Estimates and Forecasts, 2017 - 2028 (Tons) (USD Million)
6.2.2 North America Polyisobutylene Estimates and Forecasts, by Product, 2017 - 2028 (Tons) (USD Million)
6.2.3 North America Polyisobutylene Market Estimates and Forecasts, by Application, 2017 - 2028 (Tons) (USD Million)
6.2.4 U.S.
6.2.4.1 U.S. Polyisobutylene Market Estimates and Forecasts, 2017 - 2028 (Tons) (USD Million)
6.2.4.2 U.S. Polyisobutylene Market Estimates and Forecasts, by Product, 2017 - 2028 (Tons) (USD Million)
6.2.4.3 U.S. Polyisobutylene Market Estimates and Forecasts, by Application, 2017 - 2028 (Tons) (USD Million)
6.2.5 Canada
6.2.5.1 Canada Polyisobutylene Market Estimates and Forecasts, 2017 - 2028 (Tons) (USD Million)
6.2.5.2 Canada Polyisobutylene Market Estimates and Forecasts, by Product, 2017 - 2028 (Tons) (USD Million)
6.2.5.3 Canada Polyisobutylene Market Estimates and Forecasts, by Application, 2017 - 2028 (Tons) (USD Million)
6.2.6 Mexico
6.2.6.1 Mexico Polyisobutylene Market Estimates and Forecasts, 2017 - 2028 (Tons) (USD Million)
6.2.6.2 Mexico Polyisobutylene Market Estimates and Forecasts, by Product, 2017 - 2028 (Tons) (USD Million)
6.2.6.3 Mexico Polyisobutylene Market Estimates and Forecasts, by Application, 2017 - 2028 (Tons) (USD Million)
6.3 Europe
6.3.1 Europe Polyisobutylene Market Estimates and Forecasts, 2017 - 2028 (Tons) (USD Million)
6.3.2 Europe Polyisobutylene Estimates and Forecasts, by Product, 2017 - 2028 (Tons) (USD Million)
6.3.3 Europe Polyisobutylene Market Estimates and Forecasts, by Application, 2017 - 2028 (Tons) (USD Million)
6.3.4 Italy
6.3.4.1 Italy Polyisobutylene Market Estimates and Forecasts, 2017 - 2028 (Tons) (USD Million)
6.3.4.2 Italy Polyisobutylene Market Estimates and Forecasts, by Product, 2017 - 2028 (Tons) (USD Million)
6.3.4.3 Italy Polyisobutylene Market Estimates and Forecasts, by Application, 2017 - 2028 (Tons) (USD Million)
6.3.5 France
6.3.5.1 France Polyisobutylene Market Estimates and Forecasts, 2017 - 2028 (Tons) (USD Million)
6.3.5.2 France Polyisobutylene Market Estimates and Forecasts, by Product, 2017 - 2028 (Tons) (USD Million)
6.3.5.3 France Polyisobutylene Market Estimates and Forecasts, by Application, 2017 - 2028 (Tons) (USD Million)
6.4 Asia-Pacific
6.4.1 Asia-Pacific Polyisobutylene Market Estimates and Forecasts, 2017 - 2028 (Tons) (USD Million)
6.4.2 Asia-Pacific Polyisobutylene Estimates and Forecasts, by Product, 2017 - 2028 (Tons) (USD Million)
6.4.3 Asia-Pacific Polyisobutylene Market Estimates and Forecasts, by Application, 2017 - 2028 (Tons) (USD Million)
6.4.4 China
6.4.4.1 China Polyisobutylene Market Estimates and Forecasts, 2017 - 2028 (Tons) (USD Million)
6.4.4.2 China Polyisobutylene Market Estimates and Forecasts, by Product, 2017 - 2028 (Tons) (USD Million)
6.4.4.3 China Polyisobutylene Market Estimates and Forecasts, by Application, 2017 - 2028 (Tons) (USD Million)
6.4.5 India
6.4.5.1 India Polyisobutylene Market Estimates and Forecasts, 2017 - 2028 (Tons) (USD Million)
6.4.5.2 India Polyisobutylene Market Estimates and Forecasts, by Product, 2017 - 2028 (Tons) (USD Million)
6.4.5.3 India Polyisobutylene Market Estimates and Forecasts, by Application, 2017 - 2028 (Tons) (USD Million)
6.5 Central & South America
6.5.1 Central & South America Polyisobutylene Market Estimates and Forecasts, 2017 - 2028 (Tons) (USD Million)
6.5.2 Central & South America Polyisobutylene Estimates and Forecasts, by Product, 2017 - 2028 (Tons) (USD Million)
6.5.3 Central & South America Polyisobutylene Market Estimates and Forecasts, by Application, 2017 - 2028 (Tons) (USD Million)
6.5.4 Brazil
6.5.4.1 Brazil Polyisobutylene Market Estimates and Forecasts, 2017 - 2028 (Tons) (USD Million)
6.5.4.2 Brazil Polyisobutylene Market Estimates and Forecasts, by Product, 2017 - 2028 (Tons) (USD Million)
6.5.4.3 Brazil Polyisobutylene Market Estimates and Forecasts, by Application, 2017 - 2028 (Tons) (USD Million)
6.6 Middle East & Africa
6.6.1 Middle East & Africa Polyisobutylene Market Estimates and Forecasts, 2017 - 2028 (Tons) (USD Million)
6.6.2 Middle East & Africa Polyisobutylene Estimates and Forecasts, by Product, 2017 - 2028 (Tons) (USD Million)
6.6.3 Middle East & Africa Polyisobutylene Market Estimates and Forecasts, by Application, 2017 - 2028 (Tons) (USD Million)
Chapter 7. Competitive Analysis
7.1 Key Global Players, Recent Developments, & Their Impact on the Industry
7.2 Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
7.3 Vendor Landscape
7.3.1 List of Key Distributors and Channel Partners
7.3.2 List of Potential Customers
7.4 Public Companies
7.4.1 Competitive Dashboard Analysis
7.5 Private Companies
7.5.1 List of Key Emerging Companies/Technology Disruptors/Innovators
Chapter 8. Competitive Landscape
8.1 Basf Se
8.1.1 Company Overview
8.1.2 Financial Performance
8.1.3 Product Benchmarking
8.1.4 Strategic Initiative
8.2 Daelim Co., Ltd.
8.2.1 Company Overview
8.2.2 Financial Performance
8.2.3 Product Benchmarking
8.2.4 Strategic Initiative
8.3 Tpc Group
8.3.1 Company Overview
8.3.2 Product Benchmarking
8.4 Ineos Group
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Product Benchmarking
8.5 Kothari Petrochemicals
8.5.1 Company Overview
8.5.2 Financial Performance
8.5.3 Product Benchmarking
8.6 Braskem
8.6.1 Company Overview
8.6.2 Financial Performance
8.6.3 Product Benchmarking
8.7 Eneos Corporation
8.7.1 Company Overview
8.7.2 Product Benchmarking
8.8 Zhejiang Shunda New Material Co., Ltd.
8.8.1 Company Overview
8.8.2 Product Benchmarking
8.9 Shandong Hongrui New Material Technology Co., Ltd.
8.9.1 Company Overview
8.9.2 Product Benchmarking
List of Tables
Table 1 List of Abbreviations
Table 2 Polyisobutylene market estimates and forecasts, by high molecular weight, 2017 - 2028 (Tons) (USD Million)
Table 3 Polyisobutylene market estimates and forecasts, by medium molecular weight, 2017 - 2028 (Tons) (USD Million)
Table 4 Polyisobutylene market estimates and forecasts, by low molecular weight, 2017 - 2028 (Tons) (USD Million)
Table 5 Polyisobutylene market estimates and forecasts, by adhesive & sealants, 2017 - 2028 (Tons) (USD Million)
Table 6 Polyisobutylene market estimates and forecasts, by automotive rubber components, 2017 - 2028 (Tons) (USD Million)
Table 7 Polyisobutylene market estimates and forecasts, by fuel additives, 2017 - 2028 (Tons) (USD Million)
Table 8 Polyisobutylene market estimates and forecasts, by lubricant additives, 2017 - 2028 (Tons) (USD Million)
Table 9 Polyisobutylene market estimates and forecasts, by others, 2017 - 2028 (Tons) (USD Million)
Table 10 North America polyisobutylene market estimates and forecasts, 2017 - 2028 (Tons) (USD Million)
Table 11 North America polyisobutylene market estimates and forecasts, by product, 2017 - 2028 (Tons)
Table 12 North America polyisobutylene estimates and forecasts, by product, 2017 - 2028 (USD Million)
Table 13 North America polyisobutylene market estimates and forecasts, by application, 2017 - 2028 (Tons)
Table 14 North America polyisobutylene market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 15 U.S. polyisobutylene market estimates and forecasts, 2017 - 2028 (Tons) (USD Million)
Table 16 U.S. polyisobutylene market estimates and forecasts, by product, 2017 - 2028 (Tons)
Table 17 U.S. polyisobutylene market estimates and forecasts, by product, 2017 - 2028 (USD Million)
Table 18 U.S. polyisobutylene market estimates and forecasts, by application, 2017 - 2028 (Tons)
Table 19 U.S. polyisobutylene market estimates and forecasts, by technology (process), 2017 - 2028 (USD Million)
Table 20 Canada polyisobutylene market estimates and forecasts, 2017 - 2028 (Tons) (USD Million)
Table 21 Canada polyisobutylene market estimates and forecasts, by product, 2017 - 2028 (Tons)
Table 22 Canada polyisobutylene market estimates and forecasts, by product, 2017 - 2028 (USD Million)
Table 23 Canada polyisobutylene market estimates and forecasts, by application, 2017 - 2028 (Tons)
Table 24 Canada polyisobutylene market estimates and forecasts, by technology (process), 2017 - 2028 (USD Million)
Table 25 Mexico polyisobutylene market estimates and forecasts, 2017 - 2028 (Tons) (USD Million)
Table 26 Mexico polyisobutylene market estimates and forecasts, by product, 2017 - 2028 (Tons)
Table 27 Mexico polyisobutylene market estimates and forecasts, by product, 2017 - 2028 (USD Million)
Table 28 Mexico polyisobutylene market estimates and forecasts, by application, 2017 - 2028 (Tons)
Table 29 Mexico polyisobutylene market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 30 Europe polyisobutylene market estimates and forecasts, 2017 - 2028 (Tons) (USD Million)
Table 31 Europe polyisobutylene market estimates and forecasts, by product, 2017 - 2028 (Tons)
Table 32 Europe polyisobutylene estimates and forecasts, by product, 2017 - 2028 (USD Million)
Table 33 Europe polyisobutylene market estimates and forecasts, by application, 2017 - 2028 (Tons)
Table 34 Europe polyisobutylene market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 35 Italy polyisobutylene market estimates and forecasts, 2017 - 2028 (Tons) (USD Million)
Table 36 Italy polyisobutylene market estimates and forecasts, by product, 2017 - 2028 (Tons)
Table 37 Italy polyisobutylene market estimates and forecasts, by product, 2017 - 2028 (USD Million)
Table 38 Italy polyisobutylene market estimates and forecasts, by application, 2017 - 2028 (Tons)
Table 39 Italy polyisobutylene market estimates and forecasts, by technology (process), 2017 - 2028 (USD Million)
Table 40 France polyisobutylene market estimates and forecasts, 2017 - 2028 (Tons) (USD Million)
Table 41 France polyisobutylene market estimates and forecasts, by product, 2017 - 2028 (Tons)
Table 42 France polyisobutylene market estimates and forecasts, by product, 2017 - 2028 (USD Million)
Table 43 France polyisobutylene market estimates and forecasts, by application, 2017 - 2028 (Tons)
Table 44 France polyisobutylene market estimates and forecasts, by technology (process), 2017 - 2028 (USD Million)
Table 45 Asia Pacific polyisobutylene market estimates and forecasts, 2017 - 2028 (Tons) (USD Million)
Table 46 Asia Pacific polyisobutylene market estimates and forecasts, by product, 2017 - 2028 (Tons)
Table 47 Asia Pacific polyisobutylene estimates and forecasts, by product, 2017 - 2028 (USD Million)
Table 48 Asia Pacific polyisobutylene market estimates and forecasts, by application, 2017 - 2028 (Tons)
Table 49 Asia Pacific polyisobutylene market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 50 China polyisobutylene market estimates and forecasts, 2017 - 2028 (Tons) (USD Million)
Table 51 China polyisobutylene market estimates and forecasts, by product, 2017 - 2028 (Tons)
Table 52 China polyisobutylene market estimates and forecasts, by product, 2017 - 2028 (USD Million)
Table 53 China polyisobutylene market estimates and forecasts, by application, 2017 - 2028 (Tons)
Table 54 China polyisobutylene market estimates and forecasts, by technology (process), 2017 - 2028 (USD Million)
Table 55 India polyisobutylene market estimates and forecasts, 2017 - 2028 (Tons) (USD Million)
Table 56 India polyisobutylene market estimates and forecasts, by product, 2017 - 2028 (Tons)
Table 57 India polyisobutylene market estimates and forecasts, by product, 2017 - 2028 (USD Million)
Table 58 India polyisobutylene market estimates and forecasts, by application, 2017 - 2028 (Tons)
Table 59 India polyisobutylene market estimates and forecasts, by technology (process), 2017 - 2028 (USD Million)
Table 60 Central & South America polyisobutylene market estimates and forecasts, 2017 - 2028 (Tons) (USD Million)
Table 61 Central & South America polyisobutylene market estimates and forecasts, by product, 2017 - 2028 (Tons)
Table 62 Central & South America polyisobutylene estimates and forecasts, by product, 2017 - 2028 (USD Million)
Table 63 Central & South America polyisobutylene market estimates and forecasts, by application, 2017 - 2028 (Tons)
Table 64 Central & South America polyisobutylene market estimates and forecasts, by application, 2017 - 2028 (USD Million)
Table 65 Brazil polyisobutylene market estimates and forecasts, 2017 - 2028 (Tons) (USD Million)
Table 66 Brazil polyisobutylene market estimates and forecasts, by product, 2017 - 2028 (Tons)
Table 67 Brazil polyisobutylene market estimates and forecasts, by product, 2017 - 2028 (USD Million)
Table 68 Brazil polyisobutylene market estimates and forecasts, by application, 2017 - 2028 (Tons)
Table 69 Brazil polyisobutylene market estimates and forecasts, by technology (process), 2017 - 2028 (USD Million)
Table 70 Middle East & Africa polyisobutylene market estimates and forecasts, 2017 - 2028 (Tons) (USD Million)
Table 71 Middle East & Africa polyisobutylene market estimates and forecasts, by product, 2017 - 2028 (Tons)
Table 72 Middle East & Africa polyisobutylene estimates and forecasts, by product, 2017 - 2028 (USD Million)
Table 73 Middle East & Africa polyisobutylene market estimates and forecasts, by application, 2017 - 2028 (Tons)
Table 74 Middle East & Africa polyisobutylene market estimates and forecasts, by application, 2017 - 2028 (USD Million)List of Figures
Fig. 1 Information procurement
Fig. 2 Primary research pattern
Fig. 3 Primary Research Process
Fig. 4 Market research approaches - Bottom-Up Approach
Fig. 5 Market research approaches - Top-Down Approach
Fig. 6 Market research approaches - Combined Approach
Fig. 7 Polyisobutylene market snapshot, 2020 (USD Million)
Fig. 8 Polyisobutylene market segmentation
Fig. 9 Penetration & Growth Prospect Mapping
Fig. 10 Polyisobutylene market: Value chain analysis
Fig. 11 Global vehicle sales, 2010 - 2020 (Million Units)
Fig. 12 Porter’s Five Forces Analysis: Polyisobutylene market
Fig. 13 PESTEL Analysis: Polyisobutylene market
Fig. 14 Polyisobutylene market: Product movement analysis, 2020 & 2028
Fig. 15 Polyisobutylene market: Application movement analysis, 2020 & 2028
Fig. 16 Polyisobutylene market: Regional movement analysis, 2020 & 2028
Fig. 17 Competitive Dashboard Analysis
Companies Mentioned
- Basf Se
- Braskem
- Daelim Co., Ltd.
- Eneos Corporation
- Ineos Group
- Kothari Petrochemicals
- Shandong Hongrui New Material Technology Co., Ltd.
- Tpc Group
- Zhejiang Shunda New Material Co., Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 77 |
| Published | November 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 1.92 Billion |
| Forecasted Market Value ( USD | $ 2.53 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
