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Polyisobutylene Market Share

Report ID: GMI1137
Published Date: Jul 2021
Report Format: PDF

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Polyisobutylene Market Share

The key players of the polyisobutylene industry majorly focus on expanding their product portfolio and regional presence. In February 2021, BASF introduced OPPANOL C in the North America market. OPPANOL C can be used in a variety of applications from food packaging to different industrial applications.

Some of the major players operating in the market include:

Braskem SA
RB Products, Inc
TPC Group
Lanxess
nfineum International Ltd
Kothari Petrochemicals
Janex
ExxonMobil Corporation
Berkshire Hathaway Inc.
The Lubrizol Corporation
Chevron Oronite Company LLC
Mayzo

Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

The market for polyisobutylene is expected to reach $2 billion by 2027 and will grow at a robust 5% CAGR across 2021-2027 with surging demand for tubeless tires.

Polyisobutylene or PIB is consumed across several applications like tire manufacturing, fuel additives, lubricants as well as adhesives and sealants.

The C-PIB product segment accounted for more than 82.6% share of global polyisobutylene market in 2020 and will expand at a CAGR of 4.7% through 2027 owing to benefits like resistance to oxidation and photodegradation.

The lube additives application segment accounted for 49.1% share of the polyisobutylene market in 2020 and could reach 50.1% share by 2027, partly due to increased demand from lubricant producers.

The polyisobutylene market in Europe is forecast to grow at a 4.4% CAGR through 2027 owing to rising consumption of PIB-based butyl rubber in automobile component production.