Polyisobutylene (PIB) Market Analysis By Product (High Molecular Weight, Medium Molecular Weight, Low Molecular Weight), By Application (Automotive, Additive) And Segment Forecasts To 2024

Published: Sep, 2015 | Pages: 66 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The global polyisobutylene (PIB) market is expected to reach USD 7.71 billion by 2024, according to a new report by Grand View Research, Inc. Rising product use in pharmaceutical industry in emerging markets such as China and India are expected to drive global polyisobutylene market growth over the next eight years.

The rapid growth of the automotive industry in emerging economies of Asia Pacific and Latin America owing to growing demand for automobile and rising disposable income of consumers is expected to drive growth over the forecast period. Growing application scope of polyisobutylene in sealing & caulking compounds and viscosity modifiers on account of superior binding & adhesive properties is likely to augment market growth. In addition, rising use of polyisobutylene in adhesives industry is expected to drive the market demand.

High molecular weight polyisobutylene was the prominent product segment and accounted for a major significant share of market volume. Wide application scope of high molecular weight polyisobutylene in industries including automotive, petrochemicals, and pharmaceuticals is expected to augment demand. However, rising concern regarding disposal of polyisobutylene is expected to pose a challenge to the market over the forecast period.

Further key findings from the report suggest:

The global polyisobutylene market demand was 1.0million tons in 2015 and is expected to reach 1.8million tons by 2024, growing at a CAGR of 6.1% from 2016 to 2024.

High molecular weight polyisobutylene is expected to witness the fastest grow that a CAGR of 6.8% from 2016 to 2024.Factors such as low glass transition temperature and amorphous nature help high molecular weight polyisobutylene attain improved flexibility, tackiness, high temperature, and chemical resistance. These properties make high molecular weight PIB most widely used polyisobutylene in industries including adhesives, roofing, and wire manufacturing which in turn is expected to propel the market growth over next few years.

Additive application of polyisobutylene is expected to grow at a CAGR of 6.9% from 2016 to 2024. Growing demand for fuel and lubricant additives in refining industries coupled with rising demand from manufacturing industry owing to rapid industrialization in the emerging economies of Asia Pacific and the Middle East& Africa is expected to drive the demand over the forecast period.

Growing use of medium molecular weight polyisobutylene in food & beverage industry for food packaging on account of its adhesive nature, hydrophobic stability, anti-bacterial performance, high-temperature resistance and low toxicity absorption is likely to fuel the market demand over the forecast period.

Europe was the dominant market and accounted for 44% in 2015. Rising demand for polyisobutylene from end-use industries such as food & beverage and pharmaceutical coupled with the presence of large refiners in the region with enhanced distillate processing capabilities are expected to accelerate market growth. The region is also expected to grow at a CAGR of 6.1% from 2016 to 2024.

Polyisobutylene industry is moderately fragmented with the presence of a large number of prominent market participants across the globe. BASF SE is a specialty chemicals manufacturers involved in the manufacturing of intermediates, monomers, and catalysts. The company manufactures polyisobutylene under Intermediates segment. In May 2015, BASF SE acquired LANXESS's high molecular weight polyisobutylene manufacturing intellectual process.

 Table of Contents


Chapter 1. Methodology and Scope
                    1.1. Research Methodology
                    1.2. Research Scope & Assumptions
                    1.3. List of Data Sources
Chapter 2. Executive Summary
                    2.1. Polyisobutylene Market- Industry Summary and Key Buying Criteria, 2013 - 2024
Chapter 3. Polyisobutylene Industry Outlook
                    3.1. Polyisobutylene market segmentation
                    3.2. Polyisobutylene market size and growth prospects, 2013 - 2024
                    3.3. Polyisobutylene market - Value chain analysis
                       3.3.1. Vendor landscape
                    3.4. Raw material outlook, 2013 - 2024
                    3.5. Technology overview
                    3.6. Regulatory framework
                    3.7. Polyisobutylene market dynamics
                       3.7.1. Market driver analysis
                             3.7.1.1. Rapid demand for automotive tires in automotive industry
                             3.7.1.2. Rising use of polyisobutylene in fuel additives industry
                       3.7.2. Market restraint analysis
                             3.7.2.1. Environmental impact of polyisobutylene 
                    3.8. Key market opportunities - Prioritized 
                    3.9. Polyisobutylene Porter's analysis
                    3.10. Polyisobutylene competitive scenario, 2015
                    3.11. Polyisobutylene market PESTEL analysis, 2015
Chapter 4. Polyisobutylene Product Outlook
                    4.1. Global polyisobutylene market share by product, 2015 & 2024
                    4.2. High molecular weight polyisobutylene
                       4.2.1. Market estimates and forecast, 2013 - 2024
                       4.2.2. Market estimates and forecast, by region, 2013 - 2024
                    4.3. Medium molecular weight polyisobutylene
                       4.3.1. Market estimates and forecast, 2013 - 2024
                       4.3.2. Market estimates and forecast, by region, 2013 - 2024
                    4.4. Low molecular weight polyisobutylene
                       4.4.1. Market estimates and forecast, 2013 - 2024
                       4.4.2. Market estimates and forecast, by region, 2013 - 2024
Chapter 5. Polyisobutylene Application Outlook
                    5.1. Global polyisobutylene market share by application, 2015& 2024
                    5.2. Automotive
                       5.2.1. Market estimates and forecast, 2013 - 2024
                       5.2.2. Market estimates and forecast, by region, 2013 - 2024
                    5.3. Additive
                       5.3.1. Market estimates and forecast, 2013 - 2024
                       5.3.2. Market estimates and forecast, by region, 2013 - 2024
                    5.4. Others
                       5.4.1. Market estimates and forecast, 2013 - 2024
                       5.4.2. Market estimates and forecast, by region, 2013 - 2024
Chapter 6. Polyisobutylene Regional Outlook
                    6.1. Global polyisobutylene market share, by region, 2015& 2024
                    6.2. North America
                       6.2.1. Market estimates and forecast, 2013 - 2024
                       6.2.2. Market estimates and forecast by product, 2013 - 2024
                       6.2.3. Market estimates and forecast by application, 2013 - 2024
                       6.2.4. U.S.
                             6.2.4.1. Market estimates and forecast, 2013 - 2024
                             6.2.4.2. Market estimates and forecast by product, 2013 - 2024
                             6.2.4.3. Market estimates and forecast by application, 2013 - 2024
                    6.3. Europe
                       6.3.1. Market estimates and forecast, 2013 - 2024
                       6.3.2. Market estimates and forecast by product, 2013 - 2024
                       6.3.3. Market estimates and forecast by application, 2013 - 2024
                       6.3.4. Germany
                             6.3.4.1. Market estimates and forecast, 2013 - 2024
                             6.3.4.2. Market estimates and forecast by product, 2013 - 2024
                             6.3.4.3. Market estimates and forecast by application, 2013 - 2024
                       6.3.5. UK
                             6.3.5.1. Market estimates and forecast, 2013 - 2024
                             6.3.5.2. Market estimates and forecast by product, 2013 - 2024
                             6.3.5.3. Market estimates and forecast by application, 2013 - 2024
                    6.4. Asia Pacific
                       6.4.1. Market estimates and forecast, 2013 - 2024
                       6.4.2. Market estimates and forecast by product, 2013 - 2024
                       6.4.3. Market estimates and forecast by application, 2013 - 2024
                       6.4.4. China
                             6.4.4.1. Market estimates and forecast, 2013 - 2024
                             6.4.4.2. Market estimates and forecast by product, 2013 - 2024
                             6.4.4.3. Market estimates and forecast by application, 2013 - 2024
                       6.4.5. India
                             6.4.5.1. Market estimates and forecast, 2013 - 2024
                             6.4.5.2. Market estimates and forecast by product, 2013 - 2024
                             6.4.5.3. Market estimates and forecast by application, 2013 - 2024
                    6.5. Latin America
                       6.5.1. Market estimates and forecast, 2013 - 2024
                       6.5.2. Market estimates and forecast by product, 2013 - 2024
                       6.5.3. Market estimates and forecast by application, 2013 - 2024
                       6.5.4. Brazil
                             6.5.4.1. Market estimates and forecast, 2013 - 2024
                             6.5.4.2. Market estimates and forecast by product, 2013 - 2024
                             6.5.4.3. Market estimates and forecast by application, 2013 - 2024
                    6.6. MEA
                       6.6.1. Market estimates and forecast, 2013 - 2024
                       6.6.2. Market estimates and forecast by product, 2013 - 2024
                       6.6.3. Market estimates and forecast by application, 2013 - 2024
Chapter 7. Competitive Landscape
                    7.1. BASF SE
                       7.1.1. Company Overview
                       7.1.2. Financial Performance
                       7.1.3. Product Benchmarking
                       7.1.4. Strategic Initiatives
                    7.2. Exxon Mobil
                       7.2.1. Company Overview
                       7.2.2. Financial Performance
                       7.2.3. Product Benchmarking
                       7.2.4. Strategic Initiatives
                    7.3 Lanxess Aktiengesellschaft
                       7.3.1. Company Overview
                       7.3.2. Financial Performance
                       7.3.3. Product Benchmarking
                       7.3.4. Strategic Initiatives
                    7.4. TPC Group
                       7.4.1. Company Overview
                       7.4.2. Financial Performance
                       7.4.3. Product Benchmarking
                       7.4.4. Strategic Initiatives
                    7.5. Inspec Ethylene Oxide Specialties (INEOS)
                       7.5.1. Company Overview
                       7.5.2. Financial Performance
                       7.5.3. Product Benchmarking
                       7.5.4. Strategic Initiatives
                    7.6. Chevron Oronite Company LLC
                       7.6.1. Company Overview
                       7.6.2. Financial Performance
                       7.6.3. Product Benchmarking
                       7.6.4. Strategic Initiatives
                    7.7. Daelim Industrial Company Ltd
                       7.7.1. Company Overview
                       7.7.2. Financial Performance
                       7.7.3. Product Benchmarking
                       7.7.4. Strategic Initiatives
                    7.8. Lubrizol Corporation
                       7.8.1. Company Overview
                       7.8.2. Financial Performance
                       7.8.3. Product Benchmarking
                       7.8.4. Strategic Initiatives
                    7.9. Kothari Petrochemicals
                       7.9.1. Company Overview
                       7.9.2. Financial Performance
                       7.9.3. Product Benchmarking
                       7.9.4. Strategic Initiatives
                    7.10. Berkshire Hathaway Inc
                       7.10.1. Company Overview
                       7.10.2. Financial Performance
                       7.10.3. Product Benchmarking
                       7.10.4. Strategic Initiatives

List of Tables


1. Polyisobutylene - Industry Summary & Key Buying Criteria
2. Global polyisobutylene market estimates and forecast,2013 - 2024 (Kilo Tons) (USD Million)
3. Global polyisobutylene market revenue, by region, 2013 - 2024 (Kilo Tons)
4. Global polyisobutylene market revenue, by region, 2013 - 2024 (USD Million)
5. Global polyisobutylene market revenue, by product, 2013 - 2024 (Kilo Tons)
6. Global polyisobutylene market revenue, by product, 2013 - 2024 (USD Million)
7. Global polyisobutylene market revenue, by application, 2013 - 2024 (Kilo Tons)
8. Global polyisobutylene market revenue, by application, 2013 - 2024 (USD Million)
9. Vendor landscape
10. Polyisobutylene - Key market driver analysis
11. Polyisobutylene - Key market restraint analysis
12. Global high molecular weight polyisobutylene market estimates and forecast , 2013 - 2024 (Kilo Tons) (USD Million)
13. Global high molecular weight polyisobutylene market estimates and forecast, by region, 2013 - 2024 (USD Million)
14. Global high molecular weight polyisobutylene market estimates and forecast, by region, 2013 - 2024 (Kilo Tons)
15. Global medium molecular weight polyisobutylene market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million)
16. Global medium molecular weight polyisobutylene market estimates and forecast, by region, 2013 - 2024 (USD Million)
17. Global medium molecular weight polyisobutylene market estimates and forecast, by region, 2013 - 2024 (Kilo Tons)
18. Global low molecular weight polyisobutylene market estimates and forecast, 2013 - 2024 (Kilo Tons) (USD Million)
19. Global low molecular weight polyisobutylene market estimates and forecast, by region, 2013 - 2024 (USD Million)
20. Global low molecular weight polyisobutylene market estimates and forecast, by region, 2013 - 2024 (Kilo Tons)
21. Global polyisobutylene market estimates and forecast for automotive, 2013 - 2024 (Kilo Tons) (USD Million)
22. Global Polyisobutylenemarket estimates and forecast for automotive, by region, 2013 - 2024 (USD Million)
23. Global polyisobutylene market estimates and forecast for automotive, by region, 2013 - 2024 (Kilo Tons)
24. Global polyisobutylene market estimates and forecast for additive, by region, 2013 - 2024,(USD Million) (Kilo Tons)
25. Global polyisobutylene market estimates and forecast for additive, 2013 - 2024,(USD Million)
26. Global polyisobutylene market estimates and forecast for additive, 2013 - 2024 (Kilo Tons)
27. Global polyisobutylene market estimates and forecast for others, by region, 2013 - 2024,(USD Million) (Kilo Tons)
28. Global polyisobutylene market estimates and forecast for others, by region, 2013 - 2024 (USD Million)
29. Global polyisobutylene market estimates and forecast for others, by region, 2013 - 2024 (Kilo Tons)
30. Global polyisobutylene market estimates and forecast for others, by region, 2013 - 2024, (Tons)
31. North America polyisobutylene market revenue, 2013 - 2024 (Kilo Tons) (USD Million)
32. North America polyisobutylene market volume, by product, 2013 - 2024 (Kilo Tons)
33. North America polyisobutylene market revenue, by product, 2013 - 2024 (USD Million)
34. North America polyisobutylene market volume, by application, 2013 - 2024 (Kilo Tons)
35. North America polyisobutylene market revenue, by application, 2013 - 2024 (USD Million)
36. U.S. polyisobutylene market revenue, 2013 - 2024 (Kilo Tons) (USD Million)
37. U.S. polyisobutylene market volume, by product, 2013 - 2024 (Kilo Tons)
38. U.S. polyisobutylene market revenue, by product, 2013 - 2024 (USD Million)
39. U.S. polyisobutylene market volume, by application, 2013 - 2024 (Kilo Tons)
40. U.S. polyisobutylene market revenue, by application, 2013 - 2024 (USD Million)
41. Europe polyisobutylene market revenue, 2013 - 2024 (Kilo Tons) (USD Million)
42. Europe polyisobutylene market volume, by product, 2013 - 2024 (Kilo Tons)
43. Europe polyisobutylene market revenue, by product, 2013 - 2024 (USD Million)
44. Europe polyisobutylene market volume, by application, 2013 - 2024 (Kilo Tons)
45. Europe polyisobutylene market revenue, by application, 2013 - 2024 (USD Million)
46. Germany polyisobutylene market revenue, 2013 - 2024 (Kilo Tons) (USD Million)
47. Germany polyisobutylene market volume, by product, 2013 - 2024 (Kilo Tons)
48. Germany polyisobutylene market revenue, by product, 2013 - 2024 (USD Million)
49. Germany polyisobutylene market volume, by application, 2013 - 2024 (Kilo Tons)
50. Germany polyisobutylene market revenue, by application, 2013 - 2024 (USD Million)
51. UK polyisobutylene market revenue, 2013 - 2024 (Kilo Tons) (USD Million)
52. UK polyisobutylene market volume, by product, 2013 - 2024 (Kilo Tons)
53. UK polyisobutylene market revenue, by product, 2013 - 2024 (USD Million)
54. UK polyisobutylene market volume, by application, 2013 - 2024 (Kilo Tons)
55. UK polyisobutylene market revenue, by application, 2013 - 2024 (USD Million)
56. Asia Pacific polyisobutylene market revenue, 2013 - 2024 (Kilo Tons) (USD Million)
57. Asia Pacific polyisobutylene market volume, by product, 2013 - 2024 (Kilo Tons)
58. Asia Pacific polyisobutylene market revenue, by product, 2013 - 2024 (USD Million)
59. Asia Pacific polyisobutylene market volume, by application, 2013 - 2024 (Kilo Tons)
60. Asia Pacific polyisobutylene market revenue, by application, 2013 - 2024 (USD Million)
61. China polyisobutylene market revenue, 2013 - 2024 (Kilo Tons) (USD Million)
62. China polyisobutylene market volume, by product, 2013 - 2024 (Kilo Tons)
63. China polyisobutylene market revenue, by product, 2013 - 2024 (USD Million)
64. China polyisobutylene market volume, by application, 2013 - 2024 (Kilo Tons)
65. China polyisobutylene market revenue, by application, 2013 - 2024 (USD Million)
66. India polyisobutylene market revenue, 2013 - 2024 (Kilo Tons) (USD Million)
67. India polyisobutylene market volume, by product, 2013 - 2024 (Kilo Tons)
68. India polyisobutylene market revenue, by product, 2013 - 2024 (USD Million)
69. India polyisobutylene market volume, by application, 2013 - 2024 (Kilo Tons)
70. India polyisobutylene market revenue, by application, 2013 - 2024 (USD Million)
71. Latin America polyisobutylene market revenue, 2013 - 2024 (Kilo Tons) (USD Million)
72. Latin America polyisobutylene market volume, by product, 2013 - 2024 (Kilo Tons)
73. Latin America polyisobutylene market revenue, by product, 2013 - 2024 (USD Million)
74. Latin America polyisobutylene market volume, by application, 2013 - 2024 (Kilo Tons)
75. Latin America polyisobutylene market revenue, by application, 2013 - 2024 (USD Million)
76. Brazil polyisobutylene market revenue, 2013 - 2024 (Kilo Tons) (USD Million)
77. Brazil polyisobutylene market volume, by product, 2013 - 2024 (Kilo Tons)
78. Brazil polyisobutylene market revenue, by product, 2013 - 2024 (USD Million)
79. Brazil polyisobutylene market volume, by application, 2013 - 2024 (Kilo Tons)
80. Brazil polyisobutylene market revenue, by application, 2013 - 2024 (USD Million)
81. MEA polyisobutylene market revenue, 2013 - 2024 (Kilo Tons) (USD Million)
82. MEA polyisobutylene market volume, by product, 2013 - 2024 (Kilo Tons)
83. MEA polyisobutylene market revenue, by product, 2013 - 2024 (USD Million)
84. MEA polyisobutylene market volume, by application, 2013 - 2024 (Kilo Tons)
85. MEA polyisobutylene market revenue, by application, 2013 - 2024 (USD Million)