Highly Reactive Polyisobutylene (HR-PIB) Market Size

Highly Reactive Polyisobutylene Market Size

Highly Reactive Polyisobutylene (HR-PIB) Market size was more than USD 200 million in 2016 and will witness 4.7% growth during the forecast span. Rising environmental concerns which is attributed to stringent legislations formed by regulatory bodies and regional government is likely to impede market share over the projected timeframe.

For instance, product is used as a lubricant in ship engines contaminated water leading to polluting water bodies which affect aquatic life by causing death and genetic alteration in the long run. However, strong demand from automotive, construction, etc. industry will generate plentiful opportunities for highly reactive polyisobutylene market size in the near future.

To get key market trends

  Download Free Sample

Product finds major application in the construction industry as adhesives & sealants owing to its tackiness and stability which makes it ideal for various hot melt pressure sensitive adhesives. Additionally, moisture resistance, high degree of elongation and good adhesion properties to multiple substrates make it useful for sealants.
 

The construction industry in the Middle East is likely to grow at a CAGR of over 7% which in turn will boost highly reactive polyisobutylene market size in the coming years. This is due to wide-ranging product use in adhesives and sealants in various forms for damp proofing and roof repair. For instance, adhesives are used in flooring, insulation, panel, partitions and roofing, while sealants are used in facades, fire protection and IG units, among others.
 

Strong product demand across automotive industry primarily in Asia Pacific has propelled highly reactive polyisobutylene market size in recent years. This is majorly attributed to increasing population along with rising socio-economic factors in the region which has been driving automotive industry and subsequently driving demand for tire & tubes industry. Product finds application in manufacturing inner liners of tires owing to its impermeable nature. It is also used to manufacture tubeless tires which are more durable and require less maintenance.
 

On an average, HR-PIB accounts for 15% of the total rubber content in a tire which also varies depending on the vehicle. For instance, the rubber content in a car tire varies from 3.7 kg/tire in Japan to 5.0 kg/tire in the U.S. and Germany. For commercial vehicles (CV), it varies from 9.24 kg/tire in Japan to 24.28 kg/tire in the U.K. These trends are likely to make a substantial impact on the overall highly reactive polyisobutylene market size during the forecast period.