Polyisobutylene (PIB) is a linear polymer of isobutylene with varying average molecular weights and is present in various forms such as tough elastomeric solids, viscous liquid and soft solids. It is available in various forms such as conventional PIB, Highly Reactive PIB (HR-PIB) and enhanced PIB. PIB is typically used as tackifier and permanent flexibillizer in pressure sensitive and hot melt adhesives. In addition, it is used in various other applications including detergents, sealants, dispersants, lubricants and fuel additives among others.
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North America is the largest PIB producing region, in which U.S. leads PIB production. In addition, North America and Europe accounted for the highest consumption. Growing demand from Asia Pacific on account of growing industrialization is expected to drive the market for PIB over the next few years. In addition, introduction and implementation of various environmental regulations regarding smoke and particulate emission levels which in turn affects efficiency of engines and other machines in automobiles and industrial units is expected to boost the global PIB market. However, at certain high temperatures, PIB is extremely unstable which may result in health hazards and explosions. This factor impacts the growth of the market in a negative manner. Development of recoverable and reusable PIB is expected to open future markets for the market.
Some of the leading manufacturers of PIB include ExxonMobil, BASF Antwerpen NV, TPC Group Inc., Ineos, Lubrizol and Chevron Oronite among others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends.
Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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