Polyisobutylene Market Analysis

Polyisobutylene Market Analysis

The C-PIB segment held a market share of over 82.6% in 2020 and is projected to grow at the CAGR of 4.7% from 2021 to 2027. Polyisobutylene is a chemically inert liquid that is colorless, odorless, and viscous. It is non-drying and highly resistant to photodegradation and oxidation. When volatilized or thermally decomposed, it is non-toxic and leaves no residue.
 

However, HR-PIB is projected to grow at the highest CAGR of 6.3% through 2027. HR-PIB is a key intermediate in the production of high-performance fuel and lubricant additives, such as fuel dispersants and detergents, for engine oils as well as sludge-prevention additives.

The lube additives segment accounted for 49.1% industry share in 2020 and is projected to attain a market share of 50.1% through 2027. Lubricant additives made of polyisobutylene have molecular weights of 1,000 to 2,300, whereas metalworking polyisobutylene has molecular weights of less than 1,000. PIBSA, a commonly used dispersant in the lubricant industry, is made from polyisobutylene.
 

The other segments include tires, 2--stroke engines, industrial lubes, personal care, etc. The past couple of decades have seen accelerated growth in tire manufacturing, spurred by the increasingly high standards of consumers, OEMs, and government regulators. Tire market drivers include environmental and tire regulations and changes in materials and tire. The rise in passenger & commercial vehicles will boost the adoption of polyisobutylene for tire production.
 

Europe polyisobutylene market accounted for 40.7% of the market share in 2020 and is projected to grow at a CAGR of 4.4% during the forecast period. The UK, France, Germany, and Russia are the major consumers of polyisobutylene within the region. Increasing consumption of PIB-based butyl rubber in the production of automobile components, such as hosepipes, gaskets, and window strips, due to its superior flexibility, thermal stability, and improved oxidation resistance will drive the business growth in the region.
 

North America polyisobutylene market is projected to grow significantly owing to the growing usage of the product in various end-user industries including automotive, marine, and packaging industry.