Polybutene-1 Market - Product Grade (Extrusion Grade, Injection Molding Grade, Blow Molding Grade), By Application (Plumbing System, Packaging System, Hot Melt Adhesives) & Forecast, 2024 – 2032

Polybutene-1 Market Size

Polybutene-1 Market was valued at around USD 364.3 million in 2023 and expected to grow at a CAGR of over 2.3% between 2024 and 2032.
 

Extrusion grade Polybutene-1 (PB-1) has become a preferred choice in the market due to its outstanding mechanical properties, including excellent flexibility, creep resistance, and low-temperature performance. These attributes are crucial for applications like plumbing and heating pipes, where durability and long-term reliability are essential. PB-1's ability to withstand deformation under stress without cracking or breaking, coupled with its ease of processing during extrusion, makes it ideal for producing complex profiles, films, and sheets. Additionally, its chemical resistance and low permeability further enhance its suitability for packaging applications, particularly in food and pharmaceutical sectors, where product safety and integrity are paramount.
 

The size of the construction sector, as measured by its share of gross value added (GVA), reflects demand for materials like Polybutene-1 (PB-1). In the EU, construction's GVA share fluctuated between 5% and 6% from 2010 to 2021, impacting the PB-1 market. Countries with increasing construction GVA, such as Hungary, Lithuania, Denmark, Germany, and Finland, likely saw a corresponding rise in PB-1 demand for piping and sealant applications. In 2021, nations like Finland and Lithuania, with construction GVA shares of 7% or more, highlight strong market potential for PB-1 in the construction sector.
 

High production costs in the Polybutene-1 (PB-1) market significantly impact its overall growth and adoption. The manufacturing process for PB-1 involves advanced polymerization techniques that require specialized equipment and raw materials, contributing to elevated production expenses. Additionally, the energy-intensive nature of the process further drives up costs, making PB-1 less competitive compared to alternative materials like polyethylene and polypropylene. These high costs limit its widespread use, particularly in price-sensitive markets, and act as a significant restraint on the market's expansion, especially in developing regions where cost-effectiveness is a key consideration.
 

Polybutene-1 Market Trends

Rapid growth in the construction sector is a major driver for the Polybutene-1 (PB-1) market. As construction activities expand globally, there is an increasing demand for durable and flexible materials like PB-1, which is widely used in piping systems and construction applications. PB-1's properties, such as resistance to corrosion and excellent thermal stability, make it an ideal choice for modern infrastructure projects. The rise in infrastructure development, including residential, commercial, and industrial buildings, propels the need for high-performance materials. Additionally, the growing trend towards renovation and upgrading of existing infrastructure further boosts PB-1's market demand. This robust growth in construction translates into increased consumption of PB-1, driving market expansion and opportunities for manufacturers.
 

Advancements in polymer technology are a key driver for the growth of the Polybutene-1 (PB-1) market. Innovations in polymerization techniques have improved the quality and performance of PB-1, enhancing its properties such as flexibility, chemical resistance, and thermal stability. These technological advancements enable the production of PB-1 with better consistency and lower defect rates, making it a more attractive option for high-demand applications like piping systems, packaging, and adhesives. Furthermore, the development of more efficient manufacturing processes has the potential to reduce production costs, making PB-1 more competitive with alternative materials. As a result, these technological improvements are fueling increased adoption and expanding the market opportunities for PB-1 across various industries.
 

Polybutene-1 Market Analysis

Based on product grade, the market is divided into extrusion grade, injection molding grade, blow molding grade. Extrusion held the dominant market value of USD 207.6 million in 2023 and expected to reach USD 259.1 million by 2032. Extrusion grade Polybutene-1 (PB-1) dominates the market due to its superior performance characteristics, including excellent flexibility, high impact resistance, and low-temperature toughness. These properties make it ideal for demanding applications such as plumbing, heating systems, and packaging. Its ease of processing allows for the production of complex shapes and consistent quality during extrusion, enhancing its appeal in various industrial sectors. Additionally, its chemical resistance and low permeability are crucial for applications requiring high durability and product integrity. The combination of these attributes drives significant demand, solidifying extrusion grade PB-1's leading position in the market.
 

Based on application, the polybutene-1 market is categorized into plumbing system, packaging system, hot melt hot melt adhesives. plumbing system accounted for 55.99% market share in 2023 and is projected to grow significantly till 2032. Plumbing systems dominate the market due to their essential role in providing safe and efficient water supply and waste management in residential, commercial, and industrial buildings. They require materials with high durability, corrosion resistance, and ease of installation, which drives demand for advanced solutions like Polybutene-1 (PB-1) and other high-performance polymers. The increasing focus on infrastructure development and renovations, combined with stringent building codes and standards, further boosts the demand for reliable plumbing systems. Additionally, the shift towards cost-effective, low-maintenance solutions contributes to the dominance of plumbing systems in the market, reflecting their critical importance in modern construction and infrastructure.
 

Asia Pacific dominated the global polybutene-1 market in 2023. It generated a revenue of USD 143.1 million in 2023. The Asia Pacific region dominates the polybutene-1 (PB-1) market due to its robust industrial base, rapid urbanization, and expanding infrastructure projects. The region's growing construction and plumbing sectors, particularly in developing countries, have driven the demand for PB-1, which is widely used in piping systems, adhesives, and packaging applications. Additionally, the presence of key manufacturers and the availability of raw materials at competitive prices contribute to the region's leadership in the PB-1 market.
 

Within the Asia Pacific, China and South Korea are the major contributors to the polybutene-1 industry. China, with its vast construction activities and growing industrial output, leads in consumption and production. South Korea, home to companies like Daelim, is known for its advanced manufacturing techniques and high-quality PB-1 production. Japan also plays a significant role, leveraging its technological advancements in specialty chemicals, while India’s rising infrastructure needs are expected to further boost regional demand for PB-1.
 

Polybutene-1 Market Share

Braskem, Daelim, LyondellBasell Industries Holdings B.V., Mitsui Chemicals, Shandong Hongye Chemical collectively dominate the market with their extensive industry experience, innovative product offerings, and widespread global presence.
 

Braskem is a leading petrochemical company with a significant presence in the production of polyolefins, including polybutene-1 (PB-1). The company's expertise in sustainable plastic solutions and its focus on innovation drive the development of high-performance polybutene-1, which is used in various applications such as plumbing and packaging. Daelim is a prominent South Korean chemical company known for its advanced materials and petrochemical products, including polybutene-1. Daelim's production of PB-1 is characterized by its focus on quality and performance, making it a reliable supplier for industries requiring durable and flexible materials, such as in piping systems and adhesives.
 

LyondellBasell is one of the world's largest producers of polyolefins, including polybutene-1. The company leverages its extensive global reach and technological expertise to supply high-grade PB-1, which is valued for its excellent creep resistance and flexibility in applications like hot and cold-water piping systems. Mitsui Chemicals is a major player in the global chemical industry, offering a diverse range of products, including polybutene-1. The company’s PB-1 is used in applications requiring superior sealing and flexibility, such as in packaging films and sealant layers, thanks to its unique chemical properties. Shandong Hongye Chemical specializes in the production of high-quality chemical products, including polybutene-1. The company focuses on supplying PB-1 for industrial applications, particularly in regions where demand for cost-effective and reliable materials for pipelines and adhesive formulations is growing. With a commitment to innovation and sustainability, the company plays a pivotal role in driving the growth and advancements in the polybutene-1 market, further solidifying its position as a key player in the market.
 

These market leaders collectively shape the competitive landscape of the polybutene-1 industry, driving innovation, setting industry standards, and meeting the evolving demands of customers worldwide. With their focus on research and development, technological advancements, and strategic partnerships, these companies continue to expand their market share and strengthen their foothold in key regions. Their relentless pursuit of excellence, coupled with their customer-centric approach, positions them as preferred suppliers of polybutene-1, contributing significantly to the growth and development of the global construction industry.
 

Polybutene-1 Market Companies

Major players operating in the polybutene-1 industry include:

• Braskem
• Daelim
• LyondellBasell Industries Holdings B.V.
• Mitsui Chemicals
• Shandong Hongye Chemical
• Shandong Tengzhou Rida Chemical Co., Ltd.
• Shell Chemicals USA
• TPC Group
• Ylem Grade
• Ylem Technology
   

Polybutene-1 Industry News

• In July 2017, LyondellBasell introduced Purell "KT MR 07” a first polybutene-1 (PB-1)-based resin. The new product is made for flexible and transparent healthcare applications including intravenous (IV) infusion and medical tubing bags. With this new launch the company will replace PVC or SEBS in medical, bags, tubes, closures, and caps
   

The polybutene-1 market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Million) (Kilo Tons) from 2021 to 2032, for the following segments:

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Market, By Product Grade

• Extrusion Grade
• Injection molding grade
• Blow molding grade

Market, By Application

• Plumbing system
• Packaging system
• Hot melt adhesives
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA