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Polybutene-1 Market Trends

  • Report ID: GMI4669
  • Published Date: Aug 2024
  • Report Format: PDF

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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global polybutene-1 market was valued at USD 364.3 million in 2023 and will reach USD 449.5 million by 2032, driven by the demand for extrusion grade PB-1 due to its excellent mechanical properties.

In 2023, the extrusion segment attained a value of USD 207.6 million, projected to grow to USD 259.1 million by 2032, stimulated by the superior performance of extrusion-grade polybutene-1 (PB-1), known for its high impact resistance and low-temperature toughness.

Asia Pacific polybutene-1 market acquired a valuation of USD 143.1 million in 2023, thrusted by its strong industrial base, rapid urbanization, and growing infrastructure projects.

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, and Ylem Technology.

Polybutene-1 Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 532
  • Countries covered: 22
  • Pages: 155
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