The Latin America, Middle East and Africa Polyisobutene Market would witness market growth of 6.5% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 103.61 Kilo Tonnes, showcasing a growth of 6.5% (2023-2030).
Polyisobutene is used in adhesive formulations for labels and tapes, ensuring strong adhesion and reliable bonding in various applications. PIB is used in the rubber industry to manufacture sealants and gaskets. Its sealing properties contribute to the creation of effective and long-lasting sealing materials.
Researchers and industry players are exploring ways to derive PIB from renewable resources, aligning with the broader industry push for sustainable and environmentally friendly practices. The pharmaceutical industry is witnessing a trend of incorporating polyisobutene into advanced drug delivery systems.
As per the International Trade Administration (ITA), the United Arab Emirates is among the world's top ten oil producers in 2022. Approximately 96% of the nation's estimated 100 billion barrels of known oil reserves are in Abu Dhabi, ranked sixth globally. On average, 3.2 million barrels of liquid and petroleum products are produced daily in the UAE. Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.
The Brazil market dominated the LAMEA Polyisobutene Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $79.1 million by 2030. The Argentina market is showcasing a CAGR of 7.6% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.1% during (2023 - 2030).
Based on Molecular Weight Type, the market is segmented into High, Medium, and Low. Based on Application, the market is segmented into Lubricant Additives, Adhesives & Sealants, Automotive Rubber Components, Fuel Additives, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Polyisobutene is used in adhesive formulations for labels and tapes, ensuring strong adhesion and reliable bonding in various applications. PIB is used in the rubber industry to manufacture sealants and gaskets. Its sealing properties contribute to the creation of effective and long-lasting sealing materials.
Researchers and industry players are exploring ways to derive PIB from renewable resources, aligning with the broader industry push for sustainable and environmentally friendly practices. The pharmaceutical industry is witnessing a trend of incorporating polyisobutene into advanced drug delivery systems.
As per the International Trade Administration (ITA), the United Arab Emirates is among the world's top ten oil producers in 2022. Approximately 96% of the nation's estimated 100 billion barrels of known oil reserves are in Abu Dhabi, ranked sixth globally. On average, 3.2 million barrels of liquid and petroleum products are produced daily in the UAE. Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.
The Brazil market dominated the LAMEA Polyisobutene Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $79.1 million by 2030. The Argentina market is showcasing a CAGR of 7.6% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.1% during (2023 - 2030).
Based on Molecular Weight Type, the market is segmented into High, Medium, and Low. Based on Application, the market is segmented into Lubricant Additives, Adhesives & Sealants, Automotive Rubber Components, Fuel Additives, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- Lanxess AG
- BASF SE
- Berkshire Hathaway, Inc.
- Reliance Industries Limited
- INEOS Group Holdings S.A.
- Braskem SE (Odebrecht S.A)
- ENEOS Corporation (Eneos Holdings)
- Exxon Mobil Corporation
- Chevron Oronite Company LLC
- TPC Group
Market Report Segmentation
By Molecular Weight Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)- High
- Medium
- Low
- Lubricant Additives
- Adhesives & Sealants
- Automotive Rubber Components
- Fuel Additives
- Others
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Polyisobutene Market by Molecular Weight Type
Chapter 5. LAMEA Polyisobutene Market by Application
Chapter 6. LAMEA Polyisobutene Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Lanxess AG
- BASF SE
- Berkshire Hathaway, Inc.
- Reliance Industries Limited
- INEOS Group Holdings S.A.
- Braskem SE (Odebrecht S.A)
- ENEOS Corporation (Eneos Holdings)
- Exxon Mobil Corporation
- Chevron Oronite Company LLC
- TPC Group
Methodology
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