Polyisobutylene Market Size, Share, and Growth Analysis

Polyisobutylene Market By Product (High Molecular Weight, Medium Molecular Weight), By Application (Lubricant Additives, Automobile), By End Use (Automotive, Industrial), By Region -Industry Forecast 2025-2032


Report ID: SQMIG15A2462 | Region: Global | Published Date: January, 2025
Pages: 183 |Tables: 92 |Figures: 68

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Polyisobutylene Market Insights

Global Polyisobutylene Market size was valued at USD 2.10 Billion in 2023 and is poised to grow from USD 2.18 Billion in 2024 to USD 2.99 Billion by 2032, growing at a CAGR of 4.0% in the forecast period (2025-2032).

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.

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.

The growth of the market can be attributed to the use of polyisobutylene in various applications like adhesives and sealants, rubber automotive components, fuel additives, and lubricant additives. The tubeless tires have gained popularity in the automotive industry due to easy replacement and less maintenance. Polyisobutylene acts as a barrier to oxygen, making it a suitable material for the inner liner in tubeless tires. Polyisobutylene (PIB) exhibits low moisture and gas permeability and excellent insulation for electric current.

Market snapshot - (2025-2032)

Global Market Size

USD 2.10 Billion

Largest Segment

High Molecular Weight

Fastest Growth

Medium Molecular Weight

Growth Rate

4.0% CAGR

Global Polyisobutylene Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Polyisobutylene Market Segments Analysis

Global polyisobutylene market is segmented by product, application, end use and region. Based on product, the market is segmented into high molecular weight, medium molecular weight and low molecular weight. Based on application, the market is segmented into adhesives & sealants, automobile, rubber components, fuel additives, lubricant additives, and others. Based on end use, the market is segmented into automotive, industrial, food and other end uses. Based on the region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.

Analysis by End Use

Lubricant additives dominated the market and accounted for a revenue share of more than 67.0% in 2024. The emerging market in Asia Pacific, due to the increasing industrial production, is anticipated to drive the demand for industrial oil products during the forecast period. The chemical and mining industries are projected to be among the largest consumers of industrial lubricants. This growing trend is expected to boost the demand for industrial lubricants in applications, such as hydraulics, industrial engines, centrifuges, compressors, and bearings. The chemical and mining industries are projected to be among the largest consumers of industrial lubricants. This growing trend is expected to boost the demand for industrial lubricants in applications, such as hydraulics, industrial engines, centrifuges, compressors, and bearings.

The automobile segment is witnessing rising demand for passenger and commercial vehicles for private and public transportation due to the growing population migration towards urban areas. Moreover, the growing e-commerce and logistics industry globally is expected to drive the consumption of commercial vehicles. Polyisobutylene is used as additives in engine fuel to prevent soot, sludge, and other deposit precursors from forming deposits onto the engine parts. This trend is expected to strengthen the demand for lubricants, thereby supporting the growth of polyisobutylene as a lubricant additive during the forecast period.

Analysis by Type

High molecular weight polyisobutylene dominated the market and accounted for a revenue share of more than 69.0% in 2024. High molecular weight polyisobutylene is a transparent solid rubber-like substance with ultra-high viscosity and molecular weight. The high molecular weight helps polyisobutylene to retain its high elasticity and resilient properties. It is used in a wide range of applications, including stretch films, lubricants, and adhesives in the industrial, transportation, and food sectors due to the above-mentioned properties. HMW PIB has a larger molecular size and is characterized by its high viscosity, excellent chemical resistance, and durability. These properties make it suitable for applications requiring strength and long-lasting performance.

Medium molecular weight polyisobutylene is the fastest growing segment in the market. Medium molecular weight polyisobutylene is used in adhesives for its tackiness and plasticizing properties. PIB blended with low-density polyethylene improves the tear resistance, low-temperature flexibility, and clinging property of the film. Medium molecular weight polyisobutylene is used for food and beverage packaging due to its hydrophobic stability, antibacterial performance, adhesive nature, and food safety status. LMW PIB has a lower molecular size and is known for its flexibility, lower viscosity, and good processability. This makes it ideal for applications where flowability, ease of processing, and lightweight products.

Global Polyisobutylene Market By Product (%)

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Polyisobutylene Market Regional Insights

Asia Pacific dominated the market and accounted for a revenue share of more than 35.0% in 2024. The demand for polyisobutylene in Asia Pacific is primarily driven by the high demand from key industries, including automotive, construction, cosmetics, and aerospace, in emerging economies such as China and India. Major tire manufacturers in Asia Pacific are moving towards developing tubeless tires for easy replacement. In addition, the growing trend of shifting towards electric vehicles is expected to drive the demand for tubeless tires to reduce maintenance and drag. Increasing automotive production in Asia Pacific is expected to drive the automotive rubber components application segment in the market.

As per polyisobutylene market outlook, North America is the fastest growing region. The growth is primarily driven by the manufacturing of adhesives, sealants, and asphalt modifiers, which are widely used in various construction activities. The COVID-19 pandemic has accelerated the construction industry, with a particular focus on the rapid establishment of hospitals and healthcare facilities. Moreover, national policies promoting the housing sector's recovery are expected to positively impact future construction trends. The construction sector's growth is anticipated to boost the market growth. North America plays a crucial role in the polyisobutylene market due to its strong industrial base, advanced manufacturing capabilities, and the significant presence of key players.

Global Polyisobutylene Market By Geography
  • Largest
  • Fastest

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Polyisobutylene Market Dynamics

Drivers

Increased Demand for Highly Reactive Polyisobutylene to Aid Market

  • The highly reactive segment accounts for a significant share in the market owing to the high viscosity and the ability of this type of polyisobutylene to deliver excellent results in lubricant thickening. In addition to this, the high reactivity of PIB, which is attributed to the terminal location of the double bonds, allows it to react more quickly, resulting in efficient and fast production of derivatives. This makes it ideal for the production of dispersants and detergents.

Rising Application of Polyisobutylene in Automobile Sector

  • The global polyisobutylene industry is driven by the rising application of the product in the market. In emerging economies, the rising demand for commercial automobiles for transportation purpose and growing popularity of passenger vehicles owing to the rising disposable income and rising leisure activities are likely to generate a significant demand for polyisobutylene in the forecast period. Moreover, the rising industrial activities owing to the expansion of various sectors, including construction, are likely to boost market growth.

Restraints

Raw Material Price Volatility

  • Fluctuations in raw material prices due to factors such as changes in oil prices, supply chain disruptions, or geopolitical pressures can lead to price volatility. These raw material costs and this uncertainty can affect all manufacturers’ costs and profits, thereby affecting market dynamics. The production of polyisobutylene relies heavily on isobutylene, which is derived from petrochemical feedstocks.
  • Environmental Problems and Regulations

The increasing emphasis on sustainability and environmental regulations is a challenge for the polyisobutylene market. The production of PIB as a synthetic polymer requires the production of chemicals that can contribute to environmental degradation. Increasing government regulations on carbon emissions, plastic disposal and chemical disposal are forcing companies to adapt their manufacturing processes. The need for environmentally friendly alternatives and the possibility of banning or restricting certain chemicals may impede market expansion.

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Polyisobutylene Market Competitive Landscape

Global polyisobutylene industry is characterized by several key global players focusing on manufacturing, research and innovation. PIB is widely used in automotive, pharmaceutical, construction, lubricants and adhesives so industry is driven by its versatility, high chemical stability and good insulating quality. BASF SE, ExxonMobil Corporation, LG Chem Companies dominate the market due to their high productivity.

Top Players in Polyisobutylene Market

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

Recent Developments

  • September 2023: TPC Group successfully completed the first phase of its di-isobutylene capacity upgrade, setting out to meet the growing global demand for di-isobutylene with refrigeration capabilities.
  • August 2023: BASF expanded its medium molecular weight poly-isobutane production capacity in Ludwigshafen.
  • January 2021, BASF SE launched its polyisobutylene product under the name OPPANOL C in the market. OPPANOL C is manufactured as a one-inch chip to reduce manufacturing steps for customers by reducing manufacturing time and making manufacturing easier and faster.

Polyisobutylene Key Market Trends

Polyisobutylene Market SkyQuest Analysis

SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to SkyQuest analysis, the growing investment in the construction industry is expected to increase the demand for polyisobutylene in adhesive applications. Additionally, the polyisobutylene market is being driven by the growing construction industry. The rising living standards and rising per capita income of consumers create this demand. These crucial drivers will create high revenue for polyisobutylene. These factors will create more expansion and a rise in supply rates for the market. Market participants are also undertaking various strategic activities to expand their global presence with significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. The growing construction activities in Europe, coupled with the suitable measures such as tax breaks, incentives, and subsidies undertaken by several governments, are expected to boost the growth of the construction industry in the region.

Report Metric Details
Market size value in 2023 USD 2.10 Billion
Market size value in 2032 USD 2.99 Billion
Growth Rate 4.0%
Base year 2024
Forecast period (2025-2032)
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • High Molecular Weight, Medium Molecular Weight and Low Molecular Weight
  • Application
    • Adhesives & Sealants, Automobile, Rubber Components, Fuel Additives, Lubricant Additives, and Others
  • End Use
    • Automotive, Industrial, Food and Other End Uses
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Braskem SA
  • RB Products, Inc
  • TPC Group
  • Lanxess
  • Infineum International Ltd
  • Kothari Petrochemicals
  • Janex
  • ExxonMobil Corporation
  • Berkshire Hathaway Inc.
  • The Lubrizol Corporation
  • Chevron Oronite Company LLC
  • Mayzo
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Polyisobutylene Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Polyisobutylene Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Polyisobutylene Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Polyisobutylene Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Polyisobutylene Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Polyisobutylene Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Polyisobutylene Market size was valued at USD 2.10 Billion in 2023 and is poised to grow from USD 2.18 Billion in 2024 to USD 2.99 Billion by 2032, growing at a CAGR of 4.0% in the forecast period (2025-2032).

Global polyisobutylene industry is characterized by several key global players focusing on manufacturing, research and innovation. PIB is widely used in automotive, pharmaceutical, construction, lubricants and adhesives so industry is driven by its versatility, high chemical stability and good insulating quality. BASF SE, ExxonMobil Corporation, LG Chem Companies dominate the market due to their high productivity. 'Braskem SA', 'RB Products, Inc', 'TPC Group', 'Lanxess', 'Infineum International Ltd', 'Kothari Petrochemicals', 'Janex', 'ExxonMobil Corporation', 'Berkshire Hathaway Inc.', 'The Lubrizol Corporation', 'Chevron Oronite Company LLC', ' Mayzo'

The highly reactive segment accounts for a significant share in the market owing to the high viscosity and the ability of this type of polyisobutylene to deliver excellent results in lubricant thickening. In addition to this, the high reactivity of PIB, which is attributed to the terminal location of the double bonds, allows it to react more quickly, resulting in efficient and fast production of derivatives. This makes it ideal for the production of dispersants and detergents.

Growth of Transportation Industry across Developing Regions: Tires and tubes are crucial demand drivers of the market. The tires are made with strong rubber. Polyisobutylene is a rubber that can be modified according to every need. The adoption rate is higher due to its flexibility and wide range of features. The automotive industries have increased the usage of Polyisobutylene synthetic rubbers. The high tensile strength and flexibility of the rubber make it suitable for this process. The demand from various users is a demand-driving factor. The rising consumer demand for consumer electronic devices such as smart TVs, wireless speakers, and home appliances is driving demand.

Asia Pacific dominated the market and accounted for a revenue share of more than 35.0% in 2024. The demand for polyisobutylene in Asia Pacific is primarily driven by the high demand from key industries, including automotive, construction, cosmetics, and aerospace, in emerging economies such as China and India. Major tire manufacturers in Asia Pacific are moving towards developing tubeless tires for easy replacement. In addition, the growing trend of shifting towards electric vehicles is expected to drive the demand for tubeless tires to reduce maintenance and drag. Increasing automotive production in Asia Pacific is expected to drive the automotive rubber components application segment in the market.

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Polyisobutylene Market

Report ID: SQMIG15A2462

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