Polyisobutylene Market
The polyisobutylene market was estimated at USD 2.30 billion in 2017, and is projected to register a CAGR of over 6.8% from 2018 to 2025. Polyisobutylene is a synthetic rubber or elastomer, which is widely used in different applications such as, tires & tubes, automotive, lubricants, adhesives & sealants, and others. The growing demand from tire & tubes and automotive is a major growth driver for the global polyisobutylene market. In addition, the rising use of high molecular weight polyisobutylene in the production of electric wire coatings is expected to contribute in the growth of polyisobutylene market.
Asia-Pacific is estimated to witness high growth in the polyisobutylene market, owing to huge demand from automotive and adhesives & sealants industries. In addition, leading players of polyisobutylene market are investing in product innovation and development in this region. These factors are key growth drivers for polyisobutylene market in Asia-Pacific.
The major strategic developments by key market players have been placed in the following: -
In May2015, BASF and Lanxess signed an agreement, according to which BASF purchased the polyisobutylene business that mainly consists the intellectual property for new technology to produce high molecular weight polyisobutylene. Under this agreement Lanxess will manufacture the new polyisobutylene for BASF.
In March 2017, Lubrizol announced the commencement of new polyisobutylene unit at its Deer Park, Texas facility. Through this expansion the company aims to upgrade and enhance its global capacities. The unit is expected to be fully operational by 2019.
Figure 1: Global Polyisobutylene Market, By Application, 2017 (USD Million)
The increasing demand from application industries such as tires & tubes, automotive, lubricants, adhesives & sealants and others is driving the growth for the polyisobutylene market. Tire & tubes is estimated to hold the largest share in the polyisobutylene market. However, the adhesives & sealants segment is estimated to be the fastest growing application; this growth is attributed to the increasing demand for vehicle maintenance.
Scope of the Study
- Polyisobutylene Market, by Molecular Weight
- High Molecular Weight
- Medium Molecular Weight
- Low Molecular Weight
- Polyisobutylene Market, by Product Type
- Conventional Polyisobutylene
- Highly Reactive Polyisobutylene
- Polyisobutylene Market, by Application
- Tires & Tubes
- Automotive
- Lubricants
- Adhesives & Sealants
- Polyisobutylene Market, by Region
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- South America
This report provides an in depth analysis of key companies and competitive analysis of developments recorded in the industry in the last eight years. In this report, market dynamics such drivers, barriers, opportunities, challenge, and factor analysis has been discussed in detail. Key market players such as Lanxess AG, BASF, INEOS, ExxonMobil Corporation, Reliance Industries Limited, Lubrizol, Sibur, and TPC Group have been profiled to provide an insight into the competitive scenario of the global polyisobutylene market. Leading manufacturers of polyisobutylene are focusing on expansions and joint ventures; through this the companies aim to increase their market reach and customer base.
1. Market Introduction
1.1. Key Research Objectives
1.2. Market Definition
1.3. Report Scope
1.3.1. Segmental Scope
1.3.2. Regional Scope
1.4. Currency & Conversions
1.5. Research Assumptions & Limitations
1.5.1. Assumptions
1.5.2. Limitations
2. Research Methodology
2.1. Market Size Estimation
2.2. Market Breakdown & Data Triangulation
2.3. Sources
2.3.1. Key Secondary Sources
2.3.2. Key Primary Sources
2.3.3. Key Industry Insights
3. Executive Summary
3.1. Overview
3.2. Medium molecular weight polyisobutylene is estimated to witness the highest growth for the polyisobutylene market
3.3. Highly reactive polyisobutylene is estimated to be the fastest growing product type
3.4. The tire & tubes application accounted for the largest share of the polyisobutylene market
3.5. Asia-Pacific is estimated to witness highest growth for the polyisobutylene market
3.6. Leading strategic developments
3.7. Market Life Cycle Analysis
4. Market Overview
4.1. Market Dynamics
4.1.1. Factor Analysis
4.1.1.1. Parent Market Analysis
4.1.1.2. Demand-Side Analysis
4.1.1.3. Supply-Side Analysis
4.1.2. Drivers
4.1.3. Barriers
4.1.4. Opportunities
4.1.5. Challenges
4.2. Global Polyisobutylene Market Scenario
4.2.1. Global Polyisobutylene Market, by Molecular Weight
4.2.2. Global Polyisobutylene Market, by Product Type
4.2.3. Global Polyisobutylene Market, by Application
4.2.4. Global Polyisobutylene Market, by Region
5. Industry Analysis
5.1. Value Chain Analysis
5.2. Porter’s Five Forces Analysis
5.3. Strategic Benchmarking
5.4. Regulatory Framework
6. Global Polyisobutylene Market, By Molecular Weight
6.1. High Molecular Weight
6.1.1. By Region
6.2. Medium Molecular Weight
6.2.1. By Region
6.3. Low Molecular Weight
6.3.1. By Region
7. Global Polyisobutylene Market, By Product Type
7.1. Conventional Polyisobutylene
7.1.1. By Region
7.2. Highly Reactive Polyisobutylene
7.2.1. By Region
8. Global Polyisobutylene Market, Applications
8.1. Tires & tubes
8.1.1. By Region
8.2. Automotive
8.2.1. By Region
8.3. Lubricants
8.3.1. By Region
8.4. Adhesives & sealants
8.4.1. By Region
8.5. Others
8.5.1. By Region
9. Global Polyisobutylene Market, By Region
9.1. North America
9.1.1. By Country
9.1.2. By Molecular Weight
9.1.3. By Product Type
9.1.4. By Applications
9.1.5. Key Country-wise Insights
9.1.5.1. US
9.1.5.1.1. By Molecular Weight
9.1.5.1.2. By Product Type
9.1.5.1.3. By Application
9.1.5.2. Canada
9.1.5.2.1. By Molecular Weight
9.1.5.2.2. By Product Type
9.1.5.2.3. By Application
9.1.5.3. Mexico
9.1.5.3.1. By Molecular Weight
9.1.5.3.2. By Product Type
9.1.5.3.3. By Application
9.2. Europe
9.2.1. By Country
9.2.2. By Molecular Weight
9.2.3. By Product Type
9.2.4. By Applications
9.2.5. Key Country-wise Insights
9.2.5.1. Germany
9.2.5.1.1. By Molecular Weight
9.2.5.1.2. By Product Type
9.2.5.1.3. By Application
9.2.5.2. France
9.2.5.2.1. By Molecular Weight
9.2.5.2.2. By Product Type
9.2.5.2.3. By Application
9.2.5.3. UK
9.2.5.3.1. By Molecular Weight
9.2.5.3.2. By Product Type
9.2.5.3.3. By Application
9.2.5.3.4.
9.2.5.4. Italy
9.2.5.4.1. By Molecular Weight
9.2.5.4.2. By Product Type
9.2.5.4.3. By Application
9.2.5.4.4.
9.2.5.5. Rest of the Europe
9.2.5.5.1. By Molecular Weight
9.2.5.5.2. By Product Type
9.2.5.5.3. By Application
9.3. Asia-Pacific
9.3.1. By Country
9.3.2. By Molecular Weight
9.3.3. By Product Type
9.3.4. By Applications
9.3.5. Key Country-wise Insights
9.3.5.1. China
9.3.5.1.1. By Molecular Weight
9.3.5.1.2. By Product Type
9.3.5.1.3. By Application
9.3.5.2. Japan
9.3.5.2.1. By Molecular Weight
9.3.5.2.2. By Product Type
9.3.5.2.3. By Application
9.3.5.3. India
9.3.5.3.1. By Molecular Weight
9.3.5.3.2. By Product Type
9.3.5.3.3. By Application
9.3.5.4. Thailand
9.3.5.4.1. By Molecular Weight
9.3.5.4.2. By Product Type
9.3.5.4.3. By Application
9.3.5.5. Rest of the Asia-Pacific
9.3.5.5.1. By Molecular Weight
9.3.5.5.2. By Product Type
9.3.5.5.3. By Application
9.4. Middle East & Africa
9.4.1. By Country
9.4.2. By Molecular Weight
9.4.3. By Product Type
9.4.4. By Applications
9.4.5. Key Country-wise Insights
9.4.5.1. UAE
9.4.5.1.1. By Molecular Weight
9.4.5.1.2. By Product Type
9.4.5.1.3. By Application
9.4.5.1.4.
9.4.5.2. Saudi Arabia
9.4.5.2.1. By Molecular Weight
9.4.5.2.2. By Product Type
9.4.5.2.3. By Application
9.4.5.3. Rest of Middle East & Africa
9.4.5.3.1. By Molecular Weight
9.4.5.3.2. By Product Type
9.4.5.3.3. By Application
9.5. South America
9.5.1. By Country
9.5.2. By Molecular Weight
9.5.3. By Product Type
9.5.4. By Applications
9.5.5. Key Country-wise Insights
9.5.5.1. Brazil
9.5.5.1.1. By Molecular Weight
9.5.5.1.2. By Product Type
9.5.5.1.3. By Application
9.5.5.2. Argentina
9.5.5.2.1. By Molecular Weight
9.5.5.2.2. By Product Type
9.5.5.2.3. By Application
9.5.5.3. Rest of South America
9.5.5.3.1. By Molecular Weight
9.5.5.3.2. By Product Type
9.5.5.3.3. By Application
10. Competitive Landscape
10.1. Market Share Analysis
10.2. Key Strategic Developments
10.2.1. Overview
10.2.2. Mergers & Acquisitions
10.2.3. Expansions & Investments
10.2.4. New Product Developments
10.3. Competitive Matrix
11. Company Profiles
11.1. Introduction
11.2. Lanxess AG
11.2.1. Company Overview
11.2.2. Product Portfolio
11.2.3. SWOT Analysis
11.2.4. Strategic Development Activities
11.2.5. Converged Markets’ View
11.3. BASF SE
11.3.1. Company Overview
11.3.2. Product Portfolio
11.3.3. SWOT Analysis
11.3.4. Strategic Development Activities
11.3.5. Converged Markets’ View
11.4. INEOS
11.4.1. Company Overview
11.4.2. Product Portfolio
11.4.3. SWOT Analysis
11.4.4. Strategic Development Activities
11.4.5. Converged Markets’ View
11.5. ExxonMobil Corporation
11.5.1. Company Overview
11.5.2. Product Portfolio
11.5.3. SWOT Analysis
11.5.4. Strategic Development Activities
11.5.5. Converged Markets’ View
11.6. TPC Group
11.6.1. Company Overview
11.6.2. Product Portfolio
11.6.3. SWOT Analysis
11.6.4. Strategic Development Activities
11.6.5. Converged Markets’ View
11.7. Reliance Industries Limited
11.7.1. Company Overview
11.7.2. Product Portfolio
11.7.3. SWOT Analysis
11.7.4. Strategic Development Activities
11.7.5. Converged Markets’ View
11.8. Lubrizol
11.8.1. Company Overview
11.8.2. Product Portfolio
11.8.3. SWOT Analysis
11.8.4. Strategic Development Activities
11.8.5. Converged Markets’ View
11.9. Nizhnekamskneftekhim
11.9.1. Company Overview
11.9.2. Product Portfolio
11.9.3. SWOT Analysis
11.9.4. Strategic Development Activities
11.9.5. Converged Markets’ View
11.10. Sibur
11.10.1. Company Overview
11.10.2. Product Portfolio
11.10.3. SWOT Analysis
11.10.4. Strategic Development Activities
11.10.5. Converged Markets’ View
11.11. Daelim
11.11.1. Company Overview
11.11.2. Product Portfolio
11.11.3. SWOT Analysis
11.11.4. Strategic Development Activities
11.11.5. Converged Markets’ View
12. Appendix
12.1. Discussion Guide
12.2. Additional Customizations
12.3. Disclaimer
The polyisobutylene market was estimated at USD 2.30 billion in 2017, and is estimated to register a CAGR of over 6.8% from 2018 to 2025. Polyisobutylene is a synthetic rubber or elastomer. Polyisobutylene is the only rubber that is gas impermeable. In addition, the properties of polyisobutylene such as, thermal stability, flexibility, low moisture absorption, and high resistance to heat make it useful in a wide range of applications and in turn act as key growth drivers
The polyisobutylene market is segmented on the basis of molecular weight, product type, and applications. By molecular weight, the market is segmented as, high molecular weight, medium molecular weight, and low molecular weight. By the product type, the market is segmented into conventional polyisobutylene and highly reactive polyisobutylene. Application-wise, the market is segmented as tire & tubes, automotive, lubricants, adhesives & sealants, and others.
The medium molecular weight segment is estimated to witness highest growth over the forecast period. The growth is attributed to rising demand of lubricants which use medium molecular weight polyisobutylene. Hence the rising demand for lubricants, which is influenced by the blooming automotive and manufacturing industries, acts as a key growth driver for medium molecular weight polyisobutylene segment.
On the basis of product type, highly reactive polyisobutylene is estimated to witness fastest growth during the forecast period. The growth is attributed to its properties such as, high purity, good quality, and narrow molecular weight distribution with low viscosity. In addition, it forms little residue on thermal decomposition.
Figure 1: Global Polyisobutylene Market, by Region, 2017 (USD Million)
In the application segment, the demand for polyisobutylene is high in the adhesives & sealants segment. The growth is attributed to the increased use of polyisobutylene derivatives, which are used as additives in lubricating oils & fuels to reduce the mist.
Asia-Pacific is estimated to be the fastest growing region for the polyisobutylene market. Primary factors impacting the growth are, increasing tire and tube manufacturing industries in developing countries such as China, India, Malaysia, and Indonesia.
The key players in this market are adopting strategies such as, new product launch, expansions, and joint ventures as their key growth strategies.
In August 2015,Lubrizol Corporation and Daelim signed license technology agreement. This agreement grants Lubrizol to use Daelim technology for the manufacturing of polyisobutylene. Through this agreement Lubrizol aims to enhance the efficiency of its polyisobutylene production.
