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Polyisobutylene (PIB) - Global Market Trajectory & Analytics

  • ID: 1382356
  • Report
  • May 2021
  • Region: Global
  • 358 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • BASF SE
  • INEOS Group
  • Lubrizol Corporation
  • TPC Group Inc.

Global Polyisobutylene (PIB) Market to Reach $3 Billion by 2027


Amid the COVID-19 crisis, the global market for Polyisobutylene (PIB) estimated at US$2.1 Billion in the year 2020, is projected to reach a revised size of US$3 Billion by 2027, growing at a CAGR of 5.5% over the period 2020-2027. Conventional, one of the segments analyzed in the report, is projected to record 5% CAGR and reach US$1.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Highly Reactive segment is readjusted to a revised 6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $320 Million, While China is Forecast to Grow at 7.3% CAGR


The Polyisobutylene (PIB) market in the U.S. is estimated at US$320 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$702.6 Million by the year 2027 trailing a CAGR of 7.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.8% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.

Select Competitors (Total 15 Featured) -

  • BASF SE
  • Chevron Oronite Company LLC
  • Daelim Industrial. Co. Ltd.
  • INEOS Group
  • Lubrizol Corporation
  • TPC Group Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • BASF SE
  • INEOS Group
  • Lubrizol Corporation
  • TPC Group Inc.
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • COVID-19 Crisis Set to Derail Momentum in the Polyisobutylene Market
  • COVID Crisis Weakens Global Economic Environment, Triggering Negative Tide in GDP & Industrial Output Forecasts
  • Exhibit 1: World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
  • Industrial Activity to Remain Subdued in the Immediate Term, Inducing Weakness into PIB Market
  • Exhibit 2: Global PMI Index Points for the Years 2018, 2019 & 2020
  • Exhibit 3: Business Climate Indicator in the Euro Area for the Period June 2019 to May 2020
  • Polyisobutylene (PIB): An Introduction
  • Chemical and Physical Properties of PIB
  • Types of Polyisobutylene
  • Major Grades of PIB Resins by Weight
  • Applications of PIB
  • Outlook
  • Asia-Pacific to Exhibit Faster Growth
  • Production Landscape
  • Exhibit 4: World Polyisobutylene Breakdown of Annual Production Capacity by Region: 2019
  • Competitive Landscape
  • Exhibit 5: Market Share of Leading PIB Producers: 2020E
  • Recent Industry Activity
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Despite the Crushing Impact of COVID-19 Crisis, Automotive Industry Remains an Important Consumer of Polyisobutylene
  • Exhibit 6: World Automobile Production in Million Units: 2008-2022
  • Exhibit 7: Automobile Production % YoY Change Across Select Countries: 2020 Vs 2019
  • Automotive Tires Remains a Major Market for PIB
  • Composition of Passenger Car/Light Truck Tires by Weight
  • Exhibit 8: World Tires Market by Region: Percentage Breakdown of Revenues for China, Other Emerging Regions and Developed Regions for the Years 2019 & 2025
  • Exhibit 9: World Tires Market: Geographic Regions Ranked by Value CAGR for 2018-2025
  • Trend Towards Tubeless Tires Benefits PIB Demand
  • Unique Benefits of PIB Drive Use as Additives in Lubricants
  • Exhibit 10: Global Lubricant Additives Market Split by Automotive and Industrial Sectors: 2019
  • Exhibit 11: Global Lubricant Demand (In Million Metric Tons) for the Years 2015, 2017, 2019 and 2021
  • COVID-19 Weakens Demand for Lubricant Additives
  • Use of PIBs as a Substitute for Bright Stocks
  • PIB to Garner Significant Growth as an Edge Sealant in Solar Power
  • Exhibit 12: Global Solar Power Market: Solar PV Capacity (in GW) for the Years 2017, 2019, 2021 and 2023
  • Rise in Application of PIB as a Binding Agent in Plastic Explosives to Push Demand
  • Exhibit 13: Global Explosives Market (In Million Metric Tons) for the Years 2020, 2022, 2025 and 2027
  • PIB Makes Inroads into Medical Arena
  • Environment Issues Continue to Hinder Growth
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES

CANADA

JAPAN

CHINA

EUROPE

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 15
Note: Product cover images may vary from those shown
  • BASF SE
  • Chevron Oronite Company LLC
  • Daelim Industrial. Co. Ltd.
  • INEOS Group
  • Lubrizol Corporation
  • TPC Group Inc.
Note: Product cover images may vary from those shown
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