Polyisobutylene Market Size, Report, Growth, Trends, Opportunities and Forecast 2020-2025
According to IMARC Group latest report titled” Polyisobutylene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the market reached a value of US$ 2.1 Billion in 2019. the global Polyisobutylene market to exhibit moderate growth during the next five years. Polyisobutylene (PIB) is a polymer of isobutylene found in liquid or rubber form. It is a colorless, tasteless and odorless viscoelastic with a clear to light yellow color. It is gas impermeable, that is, it can hold air for a long period of time. PIB is also highly resistant to acids, salt solutions, and alkalis. It is soluble in ether hydrocarbons as well as chlorinated hydrocarbons. Owing to these attributes, PBI is largely used in tires, basketballs, footballs, soccer balls and other inflatable balls for providing an airtight inner compartment.
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Polyisobutylene is extensively used to manufacture tubeless tires owing to its properties such as water-resistance and gas impermeability. The increasing sales of automobiles in both developed and emerging nations are propelling the demand for high-performance tires, which in turn, is providing a positive outlook to the global market. Apart from this, PBI assists in eliminating deposits of oxidized by-products, soot, sludge and other compounds that get accumulated with time on the critical parts of the engine. As a result, polyisobutylene is increasingly being adopted as a fuel additive in engine fuel. The growing demand for PIB-based fuel additives is expected to further bolster the market growth in the coming years.
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The report has also analysed the competitive landscape of the market with some of the key players being.
- Daelim Industrial Co., Ltd.
- Reliance Industries Limited
Polyisobutylene Market Segmentation:
Our report has categorized the market based on region, product, end use industry and application.
Market Breakup by Product:
- Conventional PIB
- Highly Reactive PIB
Market Breakup by End Use Industry:
- Transportation Sector
Market Breakup by Application:
- Lube Additives
- Fuel Additives
- 2-Stroke Engines
- Industrial Lubes & Others
- Adhesives & Sealants
Market Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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