Market Size – USD 2.45 Billion in 2018, Market Growth - CAGR of 5.5%, Market Trends – Rising demand from the tire industry.

The Global Polyisobutylene (PIB) Market is forecasted to reach USD 3.80 Billion by 2026, according to a new report by Reports and Data.Polyisobutylene (PIB) includes oxidation resistance, improved stability, and superior impermeability. Improvement in weathering resistance for the manufacture of pharmaceutical stoppers, construction sealants, hosepipes, and various mechanical goods is expected to encourage the growth of the market. Polyisobutylene (PIB) is used as a sealant in the sealing of photovoltaic system panels. This is owing to its improved properties of electrical insulation and resistance to gasses, and water vapor.

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Major companies profiled in the report include:

BASF SE,
TPC Group Inc.,
Ineos Group,
Braskem,
Exxon Mobil,
Lanxess AG,
Chevron Oronite Company LLC,
Infineum International Ltd.,
The Lubrizol Corporation,
and Berkshire Hathaway Inc.
among
Type Outlook:

Conventional POLYISOBUTYLENE (PIB)
Highly Reactive POLYISOBUTYLENE (PIB)
Application Outlook:

Tires
Lubes Additives
Fuel Additives
2-Stroke Engines
Industrial Lubes and Others
Adhesives and Sealants
Regional Analysis of the Polyisobutylene (PIB) Market:

The global Polyisobutylene (PIB) Market is categorized into several leading geographical regions, including North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The report emphasizes the demands and trends for the market, more essentially, in the global market that is spread across the major regions of the world. Under this section of the report, the global Polyisobutylene (PIB) Market presence across the major regions in terms of the global market share, market size, revenue contribution, sales network, and distribution channels has been analyzed.

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Further key findings from the report suggest:

Polyisobutylene (PIB) with high molecular weight holds the largest market share of 35% in the year 2018. It has a high demand in industries like sealants and automotive owing to its oxidation, superior UV and high resistance property.
Increase in demand for packaging in the pharmaceutical industry to help preserve the quality of drugs is boosting the demand for the product in this sector also.
Pharmaceuticals is forecasted to grow with the highest CAGR of 6.4% throughout the forecast period.
APAC holds a market share of 24% in the year 2018. Emergence and expansion of automotive and sealant industries in APAC are fuelling the market growth.
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