The highly reactive polyisobutylene market was valued at $1.0 billion in 2021, and is projected to reach $1.6 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.
Highly reactive polyisobutylene polymer is made from isobutylene and is characterized by its high reactivity. It operates as an antifreeze agent, a gasoline additive to increase octane rating, and a monomer in the synthesis of other polymers. It is also used in the production of chewing gum, adhesives, and sealants. It is used in the production of synthetic rubber.
Highly reactive polyisobutylene is widely used as a sealant and adhesive in the construction industry due to the presence of inert material to maintain its amorphous nature when exposed to harsh chemicals, enabling it to be easily dissolved and rinsed. Furthermore, the stability and tackiness of HR-PIB make them suitable for hot melt pressure-sensitive adhesives; this is projected to drive market growth during the forecast period. An increase in the automotive industry is driving the demand for highly reactive polyisobutylene. Highly reactive polyisobutylene is also used in manufacturing inner liners of tires because of its impermeable nature. It is also used in the production of tubeless tires which are more durable. Furthermore, high demand for HR-PIB from the building and construction industry owing to its properties such as stability and high viscosity, thus this factor will boost the market growth during the forecast period. Building & construction segment is projected to provide numerous opportunities in the industry. This segment in the adhesives and sealants industry is witnessing rapid technological and architectural innovation. Airports, mining facilities, transportation routes, and even residential projects are undergoing an immense transformation to comply with transitioning standards and specifications.
The highly reactive polyisobutylene market is segmented on the basis of molecular weight, application, and region. By molecular weight, the market is categorized into low, medium, and high. By application, it is divided into adhesives and sealants, lubricants and grease, hydraulic fluids, metal working fluids, and others. Region-wise it is analyzed across North America, Europe, Asia-Pacific and LAMEA. Drivers, restraints, and opportunities are explained in the report to understand the market. Further, key strategies adopted by potential market leaders to facilitate effective planning have also been discussed under the scope of the report.
Key players engaged in the development and production of highly reactive polyisobutylene include TPC Group, RB Products Inc., BASF SE, Lubrizol, INEOS, DAELIM Industrial Co. Ltd., Chevron, SPG Prints B. V., Zhejiang Shunda New Material Company Ltd., and KEMAT Polybutenes.
Highly reactive polyisobutylene polymer is made from isobutylene and is characterized by its high reactivity. It operates as an antifreeze agent, a gasoline additive to increase octane rating, and a monomer in the synthesis of other polymers. It is also used in the production of chewing gum, adhesives, and sealants. It is used in the production of synthetic rubber.
Highly reactive polyisobutylene is widely used as a sealant and adhesive in the construction industry due to the presence of inert material to maintain its amorphous nature when exposed to harsh chemicals, enabling it to be easily dissolved and rinsed. Furthermore, the stability and tackiness of HR-PIB make them suitable for hot melt pressure-sensitive adhesives; this is projected to drive market growth during the forecast period. An increase in the automotive industry is driving the demand for highly reactive polyisobutylene. Highly reactive polyisobutylene is also used in manufacturing inner liners of tires because of its impermeable nature. It is also used in the production of tubeless tires which are more durable. Furthermore, high demand for HR-PIB from the building and construction industry owing to its properties such as stability and high viscosity, thus this factor will boost the market growth during the forecast period. Building & construction segment is projected to provide numerous opportunities in the industry. This segment in the adhesives and sealants industry is witnessing rapid technological and architectural innovation. Airports, mining facilities, transportation routes, and even residential projects are undergoing an immense transformation to comply with transitioning standards and specifications.
The highly reactive polyisobutylene market is segmented on the basis of molecular weight, application, and region. By molecular weight, the market is categorized into low, medium, and high. By application, it is divided into adhesives and sealants, lubricants and grease, hydraulic fluids, metal working fluids, and others. Region-wise it is analyzed across North America, Europe, Asia-Pacific and LAMEA. Drivers, restraints, and opportunities are explained in the report to understand the market. Further, key strategies adopted by potential market leaders to facilitate effective planning have also been discussed under the scope of the report.
Key players engaged in the development and production of highly reactive polyisobutylene include TPC Group, RB Products Inc., BASF SE, Lubrizol, INEOS, DAELIM Industrial Co. Ltd., Chevron, SPG Prints B. V., Zhejiang Shunda New Material Company Ltd., and KEMAT Polybutenes.
IMPACT OF COVID-19 ON THE GLOBAL HIGHLY REACTIVE POLYISOBUTYLENE MARKET
After COVID 19 pandemic, as the economies are planned to revive their operations, the demand for highly reactive polyisobutylene is expected to rise globally. With the resuming of business operations and the lifting of lockdown measures globally, the demand for highly reactive polyisobutylene from the downstream industrial lubes and lube additives sectors have begun to increase.KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the highly reactive polyisobutylene market analysis from 2021 to 2031 to identify the prevailing highly reactive polyisobutylene market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the highly reactive polyisobutylene market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as global highly reactive polyisobutylene market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Molecular Weight
- Low
- Medium
- High
By Application
- Adhesives and Sealants
- Lubricants and Grease
- Hydraulic Fluids
- Metal Working Fluids
- Others
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- TPC Group
- BASF SE
- The Lubrizol Corporation
- INEOS AG
- Daelim Industrial Co. Ltd.
- Chevron Corporation
- LANXESS
- KEMAT Polybutenes
- Kothari Petrochemicals Limited
- Zhejiang Shunda New Material Co., Ltd.
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market
3.6. Pricing Analysis
3.7. Value Chain Analysis
3.8. Key Regulation Analysis
3.9. Patent Landscape
CHAPTER 4: HIGHLY REACTIVE POLYISOBUTYLENE MARKET, BY MOLECULAR WEIGHT
4.1 Overview
4.1.1 Market size and forecast
4.2. Low
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3. Medium
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4. High
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
CHAPTER 5: HIGHLY REACTIVE POLYISOBUTYLENE MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2. Adhesives and Sealants
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3. Lubricants and Grease
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4. Hydraulic Fluids
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5. Metal Working Fluids
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
5.6. Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market share analysis by country
CHAPTER 6: HIGHLY REACTIVE POLYISOBUTYLENE MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Molecular Weight
6.2.3 North America Market size and forecast, by Application
6.2.4 North America Market size and forecast, by country
6.2.4.1 U. S.
6.2.4.1.1 Key market trends, growth factors and opportunities
6.2.4.1.2 Market size and forecast, by Molecular Weight
6.2.4.1.3 Market size and forecast, by Application
6.2.4.2 Canada
6.2.4.2.1 Key market trends, growth factors and opportunities
6.2.4.2.2 Market size and forecast, by Molecular Weight
6.2.4.2.3 Market size and forecast, by Application
6.2.4.3 Mexico
6.2.4.3.1 Key market trends, growth factors and opportunities
6.2.4.3.2 Market size and forecast, by Molecular Weight
6.2.4.3.3 Market size and forecast, by Application
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Molecular Weight
6.3.3 Europe Market size and forecast, by Application
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Key market trends, growth factors and opportunities
6.3.4.1.2 Market size and forecast, by Molecular Weight
6.3.4.1.3 Market size and forecast, by Application
6.3.4.2 UK
6.3.4.2.1 Key market trends, growth factors and opportunities
6.3.4.2.2 Market size and forecast, by Molecular Weight
6.3.4.2.3 Market size and forecast, by Application
6.3.4.3 France
6.3.4.3.1 Key market trends, growth factors and opportunities
6.3.4.3.2 Market size and forecast, by Molecular Weight
6.3.4.3.3 Market size and forecast, by Application
6.3.4.4 Spain
6.3.4.4.1 Key market trends, growth factors and opportunities
6.3.4.4.2 Market size and forecast, by Molecular Weight
6.3.4.4.3 Market size and forecast, by Application
6.3.4.5 Italy
6.3.4.5.1 Key market trends, growth factors and opportunities
6.3.4.5.2 Market size and forecast, by Molecular Weight
6.3.4.5.3 Market size and forecast, by Application
6.3.4.6 Rest of Europe
6.3.4.6.1 Key market trends, growth factors and opportunities
6.3.4.6.2 Market size and forecast, by Molecular Weight
6.3.4.6.3 Market size and forecast, by Application
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Molecular Weight
6.4.3 Asia-Pacific Market size and forecast, by Application
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Key market trends, growth factors and opportunities
6.4.4.1.2 Market size and forecast, by Molecular Weight
6.4.4.1.3 Market size and forecast, by Application
6.4.4.2 India
6.4.4.2.1 Key market trends, growth factors and opportunities
6.4.4.2.2 Market size and forecast, by Molecular Weight
6.4.4.2.3 Market size and forecast, by Application
6.4.4.3 Japan
6.4.4.3.1 Key market trends, growth factors and opportunities
6.4.4.3.2 Market size and forecast, by Molecular Weight
6.4.4.3.3 Market size and forecast, by Application
6.4.4.4 South Korea
6.4.4.4.1 Key market trends, growth factors and opportunities
6.4.4.4.2 Market size and forecast, by Molecular Weight
6.4.4.4.3 Market size and forecast, by Application
6.4.4.5 Australia
6.4.4.5.1 Key market trends, growth factors and opportunities
6.4.4.5.2 Market size and forecast, by Molecular Weight
6.4.4.5.3 Market size and forecast, by Application
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Key market trends, growth factors and opportunities
6.4.4.6.2 Market size and forecast, by Molecular Weight
6.4.4.6.3 Market size and forecast, by Application
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Molecular Weight
6.5.3 LAMEA Market size and forecast, by Application
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Key market trends, growth factors and opportunities
6.5.4.1.2 Market size and forecast, by Molecular Weight
6.5.4.1.3 Market size and forecast, by Application
6.5.4.2 Saudi Arabia
6.5.4.2.1 Key market trends, growth factors and opportunities
6.5.4.2.2 Market size and forecast, by Molecular Weight
6.5.4.2.3 Market size and forecast, by Application
6.5.4.3 South Africa
6.5.4.3.1 Key market trends, growth factors and opportunities
6.5.4.3.2 Market size and forecast, by Molecular Weight
6.5.4.3.3 Market size and forecast, by Application
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Key market trends, growth factors and opportunities
6.5.4.4.2 Market size and forecast, by Molecular Weight
6.5.4.4.3 Market size and forecast, by Application
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Players
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top player positioning, 2021
CHAPTER 8: COMPANY PROFILES
8.1 BASF SE
8.1.1 Company overview
8.1.2 Key Executives
8.1.3 Company snapshot
8.1.4 Operating business segments
8.1.5 Product portfolio
8.1.6 Business performance
8.1.7 Key strategic moves and developments
8.2 TPC Group
8.2.1 Company overview
8.2.2 Key Executives
8.2.3 Company snapshot
8.2.4 Operating business segments
8.2.5 Product portfolio
8.2.6 Business performance
8.2.7 Key strategic moves and developments
8.3 Kothari Petrochemicals Limited
8.3.1 Company overview
8.3.2 Key Executives
8.3.3 Company snapshot
8.3.4 Operating business segments
8.3.5 Product portfolio
8.3.6 Business performance
8.3.7 Key strategic moves and developments
8.4 LANXESS
8.4.1 Company overview
8.4.2 Key Executives
8.4.3 Company snapshot
8.4.4 Operating business segments
8.4.5 Product portfolio
8.4.6 Business performance
8.4.7 Key strategic moves and developments
8.5 INEOS AG
8.5.1 Company overview
8.5.2 Key Executives
8.5.3 Company snapshot
8.5.4 Operating business segments
8.5.5 Product portfolio
8.5.6 Business performance
8.5.7 Key strategic moves and developments
8.6 Daelim Industrial Co. Ltd.
8.6.1 Company overview
8.6.2 Key Executives
8.6.3 Company snapshot
8.6.4 Operating business segments
8.6.5 Product portfolio
8.6.6 Business performance
8.6.7 Key strategic moves and developments
8.7 The Lubrizol Corporation
8.7.1 Company overview
8.7.2 Key Executives
8.7.3 Company snapshot
8.7.4 Operating business segments
8.7.5 Product portfolio
8.7.6 Business performance
8.7.7 Key strategic moves and developments
8.8 KEMAT Polybutenes
8.8.1 Company overview
8.8.2 Key Executives
8.8.3 Company snapshot
8.8.4 Operating business segments
8.8.5 Product portfolio
8.8.6 Business performance
8.8.7 Key strategic moves and developments
8.9 Chevron Corporation
8.9.1 Company overview
8.9.2 Key Executives
8.9.3 Company snapshot
8.9.4 Operating business segments
8.9.5 Product portfolio
8.9.6 Business performance
8.9.7 Key strategic moves and developments
8.10 Zhejiang Shunda New Material Co., Ltd.
8.10.1 Company overview
8.10.2 Key Executives
8.10.3 Company snapshot
8.10.4 Operating business segments
8.10.5 Product portfolio
8.10.6 Business performance
8.10.7 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Highly Reactive Polyisobutylene Market,' the highly reactive polyisobutylene market was valued at $1.0 billion in 2021, and is estimated to reach $1.6 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.High reactive polyisobutylene is bright, clear, and viscous in nature. Highly reactive term is in reference to the materials increased terminally positioned doubled bonds also called as the molecule'vinylidene' content. HR-PIB can be replaced with conventional polyisobutylene but its primary application is as a reactionary intermediate. HR-PIB also has an increased polydispersity index when compared to conventional PIB. Highly reactive polyisobutylene has a broad range of applications such as adhesives and sealants, lubricant & grease manufacturers, metal working, cosmetics, HI & I, and mining.
Market for highly reactive polyisobutylene is witnessing growth in North America and the Asia-Pacific regions due to increase in demand for lubricants and hydraulic fluids and growing urbanization and industrialization. The rise in use of HR-PIB in the creation of additives, lubricants, and high-performance fuel is another factor contributing to the growth of the market. The rise in demand for automotive and industrial applications is accountable for the HR-PIB market expansion over the projection period. In addition, a rise in awareness regarding the benefits of using HR-PIB in various end-use industries is driving market growth.
The highly reactive polyisobutylene market is segmented on the basis of molecular weight, application, and region. On the basis of molecular weight, the market is divided into low, medium, and high. The medium segment accounted for the largest market share in 2021, owing to the high demand for medium molecular weight HR-PIB from the automotive and construction industry as it has a broad melting point and low density.
By application, it is divided into adhesives and sealants, lubricants and grease, hydraulic fluids, metal working fluids and others. The lubricants and grease segment accounted for the largest revenue share in the global highly reactive polyisobutylene market in 2021. High demand for HR-PIB in high-performance fuel and lubricant additive production is projected to drive market growth during the projection period.
Region wise, Asia-Pacific accounted for the largest market share in the market, and is projected to grow at a CAGR of 6.1% during the forecast period. Increase in construction and automotive markets in countries such as France and Germany have benefited the global highly reactive polyisobutylene market.
Key players engaged in development and production of highly reactive polyisobutylene include TPC Group, RB Products Inc., BASF SE, Lubrizol, INEOS, DAELIM Industrial Co. Ltd., Chevron, SPG Prints B.V., Zhejiang Shunda New Material Company Ltd., and KEMAT Polybutenes.
IMPACT OF COVID-19 ON THE GLOBAL HIGHLY REACTIVE POLYISOBUTYLENE MARKET
Europe is a key supplier of highly reactive polyisobutylenes, thus restrictions put on European countries to contain and minimize the spread of the virus reduced demand for adhesives and sealants, lubricants and grease, hydraulic fluids, metal working fluids and other highly reactive polyisobutylene-based products during the COVID-19 pandemic. From 2021, the operations of various end-use industries have started normally which helped to increase demand for highly reactive polyisobutylene from end-use industries such as automotive, construction, and others.KEY FINDINGS OF THE STUDY
On the basis of molecular weight, the medium segment emerged as the global leader by acquiring more than 46.5% of the highly reactive polyisobutylene market share in 2021, and is anticipated to continue this trend during the forecast period.On the basis of application, the lubricants and grease segment accounted for 29.7% of the global highly reactive polyisobutylene market share in FY2021 and is anticipated to continue this trend during the forecast period.
On the basis of region, Asia-Pacific is the major consumer of Highly reactive polyisobutylene among other regions. It accounted for around 37.2% of the global market share in 2021 and is anticipated to continue this trend during the forecast period.
Companies Mentioned
- Tpc Group
- BASF SE
- the Lubrizol Corporation
- Ineos AG
- Daelim Industrial Co. Ltd.
- Chevron Corporation
- Lanxess
- Kemat Polybutenes
- Kothari Petrochemicals Limited
- Zhejiang Shunda New Material Co. Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 300 |
| Published | October 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 1 billion |
| Forecasted Market Value ( USD | $ 1.6 billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
