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

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  • 99 Pages
  • September 2020
  • Region: Europe
  • The Insight Partners
  • ID: 5180765
UP TO OFF until Mar 31st 2024
The polyisobutylene market in Europe is expected to grow from US$ 792.3 million in 2019 to US$ 1,115.6 million by 2027; it is estimated to grow at a CAGR of 4.4% from 2020 to 2027.

Automotive industry to increase the market development. In the automotive industry, the performance of engine is an important factor to ensure seamless function of the engine on daily basis. PIB-based deposit regulator fuel additives are polymeric chemicals that are widely utilized as additives in engine fuel (for instance gasoline) to keep soot, sludge, oxidation products, and other debris from founding deposits onto and harming key engine parts. Polyisobutylene-based lubricants and fuels help push the boundaries of strength, speed, durability and cleanliness. These deposits can rob an engine of power, increase harmful emissions, and reduce fuel economy. These factors combined, increases the demand for polyisobutyene in the automotive industry to a greater extent. The automotive industry has been the key market for several types of fuel additives for many years. The share for automobiles has continuously been higher than that of the other fuel additives market segment due to the lack of efficient fossil fuel alternatives and an increasing middle-class economy. The relative importance of aviation for fuel additives has boosted in recent years, ultimately mounting the demand for polyisobutylene. Increasing use of polyisobutylene-based butyl rubber in developing automobile parts such as gaskets, hosepipes, and window strips due to superior thermal stability, flexibility, and improved oxidation resistance, further drive the demand for polyisobutylene(PIB). The increasing demand for polyisobutylene from construction industry is among the other factors expected to positively influence the demand for polyisobutylene(PIB) market.

In terms of application, the industrial lubes and lubes additives segment led the Europe Polyisobutylene (PIB) market in 2019. Polyisobutylene (PIB) is generally used in manufacturing industrial lubes and lube additives as viscosity index improver in industrial gear oils and automotive, as smoke suppressants in two stroke oils, as thickeners in greases, and building blocks for dispersants. It also finds uses in food grade lubricants, as they are nontoxic and do not support the growth of microbes. Polyisobutylene (PIB) is also used as substitutes for bright stock owing to their advantages such as better viscosity indices and more oxidative and hydrolytic stability. Polyisobutylene (PIB) also burn cleaner, making them ideal for use in two-stroke engine oils and marine applications where lubricants are subjected to harsh blow-by gases from huge diesel engines which will surge the demand of the polyisobutylene (PIB) market.

Various emerging economies backed by massive industrial presence, huge population, and increasing disposal income are the major factors driving the growth of the polyisobutylene (PIB) market in Europe. With the outbreak of COVID-19, the Europe region is likely to get affected with respect to the economic growth. Although, Germany is the manufacturing hub and leading raw material supplier for various industries, it is one the worst affected countries due to the COVID-19 outbreak. Other leading manufacturing hubs such as France and UK 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 Europe, which is anticipated to affect the expected revenue generation and overall growth opportunities in Europe.

The overall Europe 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 Europe 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 Europe polyisobutylene (PIB) market. TPC Group, The Lubrizol Corporation, Sibur Holding PJSC, Kothari Petrochemicals, Kemat Polybutenes, Infineum International Limited, Ineos AG, Daelim Industrial Petrochemical Division, Braskem SA, and BASF SE are among the key players in the Europe polyisobutylene market.

Reasons to Buy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe 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 Europe 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 Europe 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
4.1.1 Europe
4.2 Expert Opinion
5. Polyisobutylene (PIB) Market -Market Dynamics
5.1 Market Drivers
5.1.1 Automotive Industry to Increase the Market Development
5.1.2 Increasing Demand for Polyisobutylene from Construction Industry
5.2 Market Restraints
5.2.1 Environmental impact and presence of alternatives/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)- Europe Market Analysis
6.1 Polyisobutylene (PIB) Market Overview
6.2 Polyisobutylene (PIB) Market -Revenue and Forecast to 2027 (US$ Mn)
6.3 Competitive Positioning: Key Market Players
7. Europe Polyisobutylene Market Analysis - By Molecular Weight
7.1 Overview
7.2 Europe 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. Europe Polyisobutylene Market Analysis - By Product
8.1 Overview
8.2 Europe Polyisobutylene Market Breakdown, By Product, 2018 & 2027
8.3 Conventional PIB
8.3.1 Overview
8.3.2 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 Polyisobutylene Market Revenue Via Highly Reactive PIB Revenue and Forecast, to 2027 (US$ Mn)
9. Europe Polyisobutylene (PIB) Market Analysis - By Application
9.1 Overview
9.2 Europe 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. Europe Polyisobutylene (PIB) Market Analysis - By End-Use Industry
10.1 Overview
10.2 Europe 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 Europe: Polyisobutylene Market, by Key Country Germany: Polyisobutylene Market -Revenue and Forecast to 2027 (US$ Mn) Germany: Polyisobutylene Market, Molecular Weight Germany: Polyisobutylene Market, Product Germany: Polyisobutylene Market, Application Germany: Polyisobutylene Market, End-User Industry France: Polyisobutylene Market -Revenue and Forecast to 2027 (US$ Mn) France: Polyisobutylene Market, Molecular Weight France: Polyisobutylene Market, Product France: Polyisobutylene Market, Application France: Polyisobutylene Market, End-User Industry Italy: Polyisobutylene Market -Revenue and Forecast to 2027 (US$ Mn) Italy: Polyisobutylene Market, Molecular Weight Italy: Polyisobutylene Market, Product Italy: Polyisobutylene Market, Application Italy: Polyisobutylene Market, End-User Industry UK: Polyisobutylene Market -Revenue and Forecast to 2027 (US$ Mn) UK: Polyisobutylene Market, Molecular Weight UK: Polyisobutylene Market, Product UK: Polyisobutylene Market, Application UK: Polyisobutylene Market, End-User Industry Rest of Europe: Polyisobutylene Market -Revenue and Forecast to 2027 (US$ Mn) Rest of Europe: Polyisobutylene Market, Molecular Weight Rest of Europe: Polyisobutylene Market, Product Rest of Europe: Polyisobutylene Market, Application Rest of Europe: Polyisobutylene Market, End-User Industry
12. Impact of COVID-19 Pandemic on Europe Polyisobutylene Market
12.1 Europe: 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
14.6 Kemat Polybutenes
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.7 Kothari Petrochemicals
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.8 Sibur Holding PJSC
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.9 The Lubrizol Corporation
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.10 TPC Group
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 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
  • Sibur Holding PJSC
  • Kothari Petrochemicals
  • Kemat Polybutenes
  • Infineum International Limited
  • Ineos AG
  • Daelim Industrial Petrochemical Division
  • Braskem SA