Polyisobutylene Market Updates

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.