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Asia Pacific Polyisobutylene Market Forecast to 2027 - COVID-19 Impact and Analysis by Molecular Weight, Product, Application, and End Use

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  • 98 Pages
  • September 2020
  • Region: Asia Pacific
  • The Insight Partners
  • ID: 5180763
UP TO OFF until Mar 31st 2024
The polyisobutylene market in APAC is expected to grow from US$ 749.5 million in 2019 to US$ 1,088.7 million by 2027; it is estimated to grow at a CAGR of 4.8% from 2020 to 2027.

The rise in demand for polyisobutylene from construction industry will propel the growth of the APAC polyisobutylene market. The worldwide changes in the construction industry associated with use of material is changing faster than ever before. Urbanization is one of the international megatrends shaking up the construction industry. Two hundred thousand people per day raise the population of the urban zones, all of whom need reasonably priced housing and transportation, social and utility infrastructure. In such challenges, the construction industry is practically under a moral compulsion to transform. This transformation is impacting the society by reducing construction costs, and by enlightening the use of scarce materials, making buildings eco-efficient, boosting economic development, and narrowing the infrastructure gap. Utilization of polyisobutylene in owing to demand for material with high melt flow rates, greater elongation, as well as enhanced impact strength. Increasing infrastructure demand in the evolving economies of the Asia Pacific on account of developing road infrastructure, an increase in per capita ownership of houses, and rising spending capacity is expected to affect the construction sector in the region, which will drive the demand for polyisobutylene in APAC region. The increasing demand for PIB from developed and developing economies is among the other factors expected to positively influence the demand for polyisobutylene (PIB) market.

In terms of end use, the industrial segment led the polyisobutylene (PIB) market in 2019. Polyisobutylene (PIB) is widely used in industrial applications and end-use industries such as pesticides and insecticides, automotive, and electrical. Moreover, polyisobutylene (PIB) is becoming the choice for pest control in agriculture, such as vineyards and other delicate crops. It is used in the formulation of pesticides and insecticides to increases their efficiency due to polyisobutylene's tackiness. Polyisobutylene (PIB) with high molecular weight can be used to trap insects physically, and are often used in vineyards and other delicate crops as a non-toxic method of pest control. Polyisobutylene is hydrophobic and non-conductive and is thus used as electrical insulation across various applications in cable and wire industry. Its low chloride content and high purity level results in resistance to oxidation and gas evolution under electrical stress. Moreover, polyisobutylene (PIB) are used in the industrial packaging film. These multiple advantages of PIB across various industries fuel the growth of the APAC polyisobutylene market.

With the outbreak of COVID-19, the APAC region is likely to get affected with respect to the economic growth. Although, China is the global manufacturing hub and leading raw material supplier for various industries, it is one the worst affected countries due to the COVID-19 outbreak followed by India, where all business operations are halted due to nationwide lockdown. Other leading manufacturing hubs such as South Korea and Japan are also facing significant impact of COVID-19 outbreak. Various initiatives such as travel bans, business shutdowns, and lockdowns were imposed by the governments across APAC, which is anticipated to affect the expected revenue generation and overall growth opportunities in APAC.

The overall APAC polyisobutylene (PIB) market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining overview and forecast for the APAC polyisobutylene (PIB) market with respects to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the APAC polyisobutylene (PIB) market. TPC Group, The Lubrizol Corporation, Infineum International Limited, Ineos AG, Daelim Industrial Petrochemical Division, Braskem SA, and BASF SE are among the key players operation in the APAC polyisobutylene (PIB) market

Reasons to Buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC Polyisobutylene (PIB) market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC Polyisobutylene (PIB) market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the polyisobutylene (PIB) market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis formulation
3.2.4 Macro-economic factor analysis
3.2.5 Developing base number
3.2.6 Data Triangulation
3.2.7 Country level data
4. Polyisobutylene (PIB) Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 APAC
4.3 Expert Opinion
5. Polyisobutylene (PIB) Market -Market Dynamics
5.1 Market Drivers
5.1.1 Automotive Business to Foster the Market Growth
5.1.2 Rise in Demand for Polyisobutylene from Construction Industry
5.2 Market Restraints
5.2.1 Environmental impact and presence of substitutes to obstruct the market growth
5.3 Market Opportunities
5.3.1 Growing Demand for PIB From Developed and Developing Economies
5.4 Future Trends
5.4.1 Growing Demand For Polyisobutylene in Food Industry
5.5 Impact Analysis of Drivers and Restraints
6. Polyisobutylene (PIB)- APAC Market Analysis
6.1 Polyisobutylene (PIB) Market Overview
6.2 APAC Polyisobutylene (PIB) Market -Revenue and Forecast to 2027 (US$ Mn)
6.3 Competitive Positioning: Key Market Players
7. APAC Polyisobutylene Market Analysis - By Molecular Weight
7.1 Overview
7.2 APAC Polyisobutylene Market Breakdown, By Molecular Weight, 2018 & 2027
7.3 Low Molecular Weight
7.3.1 Overview
7.3.2 Low Molecular Weight in Polyisobutylene Market, Revenue Forecast to 2027 (US$ Mn)
7.4 Medium Molecular Weight
7.4.1 Overview
7.4.2 Medium Molecular Weight in Polyisobutylene Market, Revenue and Forecast to 2027 (US$ Mn)
7.5 High Molecular Weight
7.5.1 Overview
7.5.2 High Molecular Weight in Polyisobutylene Market, Revenue and Forecast to 2027 (US$ Mn)
8. APAC Polyisobutylene Market Analysis - By Product
8.1 Overview
8.2 APAC Polyisobutylene Market Breakdown, By Product, 2018 & 2027
8.3 Conventional PIB
8.3.1 Overview
8.3.2 APAC Polyisobutylene Market Revenue Via Conventional PIB Revenue and Forecast, to 2027 (US$ Mn)
8.4 Highly Reactive PIB
8.4.1 Overview
8.4.2 APAC Polyisobutylene Market Revenue Via Highly Reactive PIB Revenue and Forecast, to 2027 (US$ Mn)
9. APAC Polyisobutylene (PIB) Market Analysis - By Application
9.1 Overview
9.2 APAC Polyisobutylene (PIB) Market Share, by Application, 2019 and 2027 (%)
9.3 Tires
9.3.1 Overview
9.3.2 Tires: Polyisobutylene (PIB) Market- Revenue and Forecast to 2027 (US$ Mn)
9.3.3 Industrial Lubes and Lube Additives Overview Industrial Lubes and Lube Additives -: Polyisobutylene (PIB) Market- Revenue and Forecast to 2027 (US$ Mn)
9.3.4 Fuel Additives Overview Fuel Additives -: Polyisobutylene (PIB) Market- Revenue and Forecast to 2027 (US$ Mn)
9.3.5 Adhesives and Sealants Overview Adhesives and Sealants -: Polyisobutylene (PIB) Market- Revenue and Forecast to 2027 (US$ Mn)
9.3.6 Others Overview Others -: Polyisobutylene (PIB) Market- Revenue and Forecast to 2027 (US$ Mn)
10. APAC Polyisobutylene (PIB) Market Analysis - By End-Use Industry
10.1 Overview
10.2 APAC Polyisobutylene (PIB) Market Share, by End-Use Industry, 2018 and 2027 (%)
10.3 Industrial
10.3.1 Overview
10.3.2 Industrial: Polyisobutylene (PIB) Market- Revenue and Forecast to 2027 (US$ Mn)
10.4 Food
10.4.1 Overview
10.4.2 Food: Polyisobutylene (PIB) Market- Revenue and Forecast to 2027 (US$ Mn)
10.5 Others
10.5.1 Overview
10.5.2 Other: Polyisobutylene (PIB) Market- Revenue and Forecast to 2027 (US$ Mn)
11. Polyisobutylene Market - Country Analysis
11.1 Overview
11.1.1 Asia Pacific: Polyisobutylene Market, by Key Country China: Polyisobutylene Market -Revenue and Forecast to 2027 (US$ Mn) China: Polyisobutylene Market, Molecular Weight China: Polyisobutylene Market, Product China: Polyisobutylene Market, Application China: Polyisobutylene Market, End-User Industry Japan: Polyisobutylene Market -Revenue and Forecast to 2027 (US$ Mn) Japan: Polyisobutylene Market, Molecular Weight Japan: Polyisobutylene Market, Product Japan: Polyisobutylene Market, Application Japan: Polyisobutylene Market, End-User Industry India: Polyisobutylene Market -Revenue and Forecast to 2027 (US$ Mn) India: Polyisobutylene Market, Molecular Weight India: Polyisobutylene Market, Product India: Polyisobutylene Market, Application India: Polyisobutylene Market, End-User Industry South Korea: Polyisobutylene Market -Revenue and Forecast to 2027 (US$ Mn) South Korea: Polyisobutylene Market, Molecular Weight South Korea: Polyisobutylene Market, Product South Korea: Polyisobutylene Market, Application South Korea: Polyisobutylene Market, End-User Industry Rest of Asia Pacific: Polyisobutylene Market -Revenue and Forecast to 2027 (US$ Mn) Rest of Asia Pacific: Polyisobutylene Market, Molecular Weight Rest of Asia Pacific: Polyisobutylene Market, Product Rest of Asia Pacific: Polyisobutylene Market, Application Rest of Asia Pacific: Polyisobutylene Market, End-User Industry
12. Impact of COVID-19 Pandemic on APAC Polyisobutylene Market
12.1 Asia-Pacific: Impact assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Expansion
13.2 Business Planning and Strategy
14. Polyisobutylene (PIB) Market -Company Profiles
14.1 BASF SE
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Braskem SA
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.3 Daelim Industrial Petrochemical Division
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Ineos AG
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.5 Infineum International Limited
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Financial Overview
14.5.7 SWOT Analysis
14.6 The Lubrizol Corporation
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.7 TPC Group
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
15. Appendix
15.1 About the Publisher
15.2 Glossary

Companies Mentioned

A selection of companies mentioned in this report includes:

  • TPC Group
  • The Lubrizol Corporation
  • Infineum International Limited
  • Ineos AG
  • Daelim Industrial Petrochemical Division
  • Braskem SA