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Polyisobutylene Market Size

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

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Polyisobutylene Market Size

Polyisobutylene market size exceeded USD 2 billion in 2020 and will grow at a CAGR of 5% from 2021 to 2027 owing to the increasing demand for tubeless tires due to durability and low maintenance cost. Furthermore, the surging application in adhesives and sealants coupled with strong demand in pharmaceutical packaging is projected to spur the market share in the upcoming years.

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Polyisobutylene, also called polyisobutylene, is a synthetic rubber or elastomer made from the polymerization of isobutylene. It is a completely saturated aliphatic polymer that has wide acceptance in the commercial sector due to its excellent oxidative stability and gas barrier properties.

Polyisobutylene is primarily consumed in applications such as tires, tubes, sealants, adhesives, cosmetics, and sports equipment. More than 70% of industrially manufactured polyisobutylene is utilized in the automotive industry. China is among the largest automobile markets across the world, both in terms of sales and production. By 2040, China is expected to be the industry leader, with 14.5 million autonomous vehicle sales.

Polyisobutylene Market Report Attributes
Report Attribute	Details
Base Year:	2020
Polyisobutylene Market Size in 2020:	1.99 Billion (USD)
Forecast Period:	2021 to 2027
Forecast Period 2021 to 2027 CAGR:	5%
2027 Value Projection:	1.99 Billion (USD)
Historical Data for:	2017 to 2020
No. of Pages:	200
Tables, Charts & Figures:	152
Segments covered:	Molecular Weight, Application and Region
Growth Drivers:	Strong demand for tire and tube manufacturing Positive growth outlook in adhesives & sealants industry Increasing product demand in medical packaging
Pitfalls & Challenges:	Stringent environmental regulations

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Major end-user industries of polyisobutylene include construction, paint, agriculture, pharmaceuticals, and surface coatings. However, automotive and construction sectors are the two most potential application areas of polyisobutylene, primarily driven by demand from emerging markets such as India and China.

Polyisobutylene is a versatile polymer that has superior properties, making it highly suitable for food and medical products packaging. Polyisobutylene is now widely used in the field of medical plasters. With its unique properties, such as net structure long chain & macromolecule, repeated pulling, non-irritability, and sticking, it is being developed into a leading material for medicine plasters.

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.