USD 2.10 Billion
Report ID:
SQMIG15A2462 |
Region:
Global |
Published Date: January, 2025
Pages:
183
|Tables:
92
|Figures:
68
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
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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.
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.
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.
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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.
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Increased Demand for Highly Reactive Polyisobutylene to Aid Market
Rising Application of Polyisobutylene in Automobile Sector
Raw Material Price Volatility
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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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.
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 |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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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