Medium Molecular Weight Polyisobutylene Market - Global Industry Analysis

Medium Molecular Weight Polyisobutylene Market For Gum Base, Additives, Sealants, Lubricants And Other Applications: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2020 – 2028

Published Date: 28-Jul-2021 Category: Chemical & Materials Report Format : PDF Pages: 160 Report Code: ZMR-175 Status : Published

The Global Medium Molecular Weight Polyisobutylene Market was accounted for USD 525 Million in 2020 and is expected to reach USD 667 Million by 2028, growing at a CAGR of around 3% between 2021 and 2028.

Description

Market Overview     

The Global Medium Molecular Weight Polyisobutylene Market was accounted for USD 525 Million in 2020 and is expected to reach USD 667 Million by 2028, growing at a CAGR of around 3% between 2021 and 2028.    

Medium relative molecular mass polyisobutylene may be a copolymer of isobutylene and isoprene. The relative molecular mass of medium molecular-weight polyisobutylene is between 40000-120,000 g/mol. This polymer is usually used as adhesives, sealants, insulators, lubricants, and others. It possesses the properties like elongation, flexibility, high gas barrier performance, and high cohesive strength. Moreover, this polymer is employed as a tack improver in adhesive formulations, a primary binder in sealing compounds, and a viscosity modifier.

Growing demand for adhesives and sealants and rising usage of medium relative molecular mass polyisobutylene as an additive in fuels, greases, and lubricating oils are a number of the crucial factors driving the market growth. Moreover, extensive usage of medium relative molecular mass polyisobutylene as a protective within the adhesive industry is additionally fueling the market growth. Additionally, wide application of medium relative molecular mass polyisobutylene across various industries like automotive, packaging, electronics, etc due to its properties like a high barrier to gases and fluids, flexibility, cohesive strength among others is expected to bolster the market growth over the forthcoming years.

COVID-19 Impact Analysis

The global Medium Molecular Weight Polyisobutylene market has witnessed a slight decline in the sales for short term to the lockdown enforcement placed by governments to contain COVID spreading. The restrictions imposed by various nations to contain COVID had stopped the production resulting in disruption across the whole supply chain. However, the global markets are slowly opening to their full potential, and theirs a surge in demand. Rising support from governments and several companies can help in the fight against this disease. Overall, almost every sector is anticipated to be impacted by the pandemic. Various scenarios have been analyzed based on inputs from various secondary sources and the current data available about the situation.

Growth Factors

The prevalence of skin allergies, melanoma, and other skin cancers in developing countries is high, which is a chance for drug companies to realize a bigger share in these regions. Increasing demand for cost-efficient therapeutics in developing regions, like the Asia Pacific and the Middle East & Africa, has encouraged major players to develop cheaper and effective drugs. These factors are expected to fuel the expansion of the general market within the coming years.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Application Segment Analysis Preview   

Medium relative molecular mass polyisobutylene finds applications within the gum base, adhesives, sealants, lubricants, and other applications. Adhesives dominated the market in 2018 and accounted for over 40% share within the medium relative molecular mass polyisobutylene market. This is due to the extensive usage of adhesives in several industrial applications like construction, automotive, etc. Moreover, the sealant was the second largest segment of the worldwide medium molecular polyisobutylene market within the same year. The lubricants segment is estimated to be the fastest-growing segment over the approaching years due to the strong demand for medium relative molecular mass polyisobutylene-based lubricant in the automotive and bio-medical sector across the world.

Regional Segment Analysis Preview   

The Asia Pacific represented the largest medium molecular weight polyisobutylene market in 2018, owing to the high growth in end-user sectors such as automobile manufacturing in countries like India and China. Europe was the second-largest regional segment of the medium molecular weight polyisobutylene market in 2018, followed by North America. The market growth in Europe was primarily driven by rising demand for pharmaceutical packaging. Furthermore, the medium molecular weight polyisobutylene market in Latin America and the Middle East & Africa is likely to register lucrative growth within the forecast period due to the expansion in the real estate and infrastructure industries.

Key Market Players & Competitive Landscape

Some of the leading key players for the polyisobutylene are Exxon Mobil Corporation, Lanxess, Infineum International Limited, TPC Group, INEOS, Chevron Oronite Company LLC, Kothari Petrochemicals, BASF SE, Zhejiang Shunda New Material Co., Proteux Corp, Shandong Hongrui Petrochemical Co., Ltd and Mayzo among others.

The global Medium Molecular Weight Polyisobutylene Market is segmented as follows:

By Application

  • Gum Base
  • Adhesives
  • Sealants
  • Lubricants
  • Others (including bitumen modification, etc.)

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1: Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2: Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Application
        • 2.1.1.2. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Medium Mulecular Weight Pulyisobutylene Market , 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3: COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4: Medium Mulecular Weight Pulyisobutylene Market – Service Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 4.2. Gum Base
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Adhesives
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Sealants
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Lubricants
      • 4.5.1. Market Size and Forecast, By Region (USD Million)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Others (including bitumen modification, etc.)
      • 4.6.1. Market Size and Forecast, By Region (USD Million)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5: Medium Mulecular Weight Pulyisobutylene Market – Region Segment Analysis
    • 5.1. Overview
      • 5.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 5.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 5.2. North America
      • 5.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 5.2.2. North America Market Revenue, By Application, 2016 – 2028
      • 5.2.5. U.S.
        • 5.2.5.1. U.S. Market Revenue, By Application, 2016 – 2028
      • 5.2.6. Canada
        • 5.2.6.1. Canada Market Revenue, By Application, 2016 – 2028
      • 5.2.7. Mexico
        • 5.2.7.1. Mexico Market Revenue, By Application, 2016 – 2028
    • 5.3. Europe
      • 5.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 5.3.2. Europe Market Revenue, By Application, 2016 – 2028
      • 5.3.5. Germany
        • 5.3.5.1. Germany Market Revenue, By Application, 2016 – 2028
      • 5.3.6. France
        • 5.3.6.1. France Market Revenue, By Application, 2016 – 2028
      • 5.3.7. U.K.
        • 5.3.7.1. U.K. Market Revenue, By Application, 2016 – 2028
      • 5.3.8. Italy
        • 5.3.8.1. Italy Market Revenue, By Application, 2016 – 2028
      • 5.3.9. Spain
        • 5.3.9.1. Spain Market Revenue, By Application, 2016 – 2028
      • 5.3.10. Rest of Europe
        • 5.3.10.1. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 5.4. Asia Pacific
      • 5.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 5.4.2. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 5.4.5. China
        • 5.4.5.1. China Market Revenue, By Application, 2016 – 2028
      • 5.4.6. Japan
        • 5.4.6.1. Japan Market Revenue, By Application, 2016 – 2028
      • 5.4.7. India
        • 5.4.7.1. India Market Revenue, By Application, 2016 – 2028
      • 5.4.8. South Korea
        • 5.4.8.1. South Korea Market Revenue, By Application, 2016 – 2028
      • 5.4.9. South-East Asia
        • 5.4.9.1. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 5.4.10. Rest of Asia Pacific
        • 5.4.10.1. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 5.5. Latin America
      • 5.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 5.5.2. Latin America Market Revenue, By Application, 2016 – 2028
      • 5.5.5. Brazil
        • 5.5.5.1. Brazil Market Revenue, By Application, 2016 – 2028
      • 5.5.6. Argentina
        • 5.5.6.1. Argentina Market Revenue, By Application, 2016 – 2028
      • 5.5.7. Rest of Latin America
        • 5.5.7.2. Rest of Latin America Market Revenue, By Application, 2016 – 20285
    • 5.6. The Middle-East and Africa
      • 5.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 5.6.2. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 5.6.5. GCC Countries
        • 5.6.5.1. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 5.6.6. South Africa
        • 5.6.6.1. South Africa Market Revenue, By Application, 2016 – 2028
      • 5.6.7. Rest of Middle-East Africa
        • 5.6.7.1. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 6: Medium Mulecular Weight Pulyisobutylene Market – Industry Analysis
    • 6.1. Introduction
    • 6.2. Market Drivers
      • 6.2.1. Driving Factor 1 Analysis
      • 6.2.2. Driving Factor 2 Analysis
    • 6.3. Market Restraints
      • 6.3.1. Restraining Factor Analysis
    • 6.4. Market Opportunities
      • 6.4.1. Market Opportunity Analysis
    • 6.5. Porter’s Five Forces Analysis
    • 6.6. PEST Analysis
    • 6.7. Regulatory Landscape
    • 6.8. Technology Landscape
    • 6.9. Regional Market Trends
      • 6.9.1. North America
      • 6.9.2. Europe
      • 6.9.3. Asia Pacific
      • 6.9.4. Latin America
      • 6.9.5. The Middle-East and Africa
    • 6.10. Pricing Analysis
    • 6.11. Value Chain Analysis
    • 6.12. Downstream Buyers
    • 6.13. Distributors/Traders List
  • Chapter No. 7: Competitive Landscape
    • 7.1. Company Market Share Analysis – 2019
      • 7.1.1. Global Medium Mulecular Weight Pulyisobutylene Market : Company Market Share, 2019
      • 7.1.2. Global Medium Mulecular Weight Pulyisobutylene Market , Company Market Revenue, 2016 – 2019 (USD Million)
      • 7.1.3. Global Medium Mulecular Weight Pulyisobutylene Market , Company Y-o-Y Growth, 2017 – 2028 (%)
      • 7.1.4. Global Medium Mulecular Weight Pulyisobutylene Market : Radar Determinant Chart, 2019
    • 7.2. Strategic Developments
      • 7.2.1. Acquisitions & Mergers
      • 7.2.2. New Product Launch
      • 7.2.3. Regional Expansion
    • 7.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 8: Company Profiles
    • 8.1. Chevron Oronite Company LLC
      • 8.1.1. Company Overview
      • 8.1.2. Key Executives
      • 8.1.3. Product Portfolio
      • 8.1.4. Financial Overview
      • 8.1.5. Operating Business Segments
      • 8.1.6. Business Performance
      • 8.1.7. Recent Developments
    • 8.2. ABB Limited
    • 8.3. BASF SE
    • 8.4. Shandong Hongrui New Materials Co., Ltd.
    • 8.5. Merck KGaA
    • 8.6. Zhejiang Shunda New Material Co.
    • 8.7. JX Nippon Oil & Energy Corporation
    • 8.8. ENEOS
    • 8.9. Jilin Petrochemical
    • 8.10 KEMAT Pulybutenes
  • Chapter No. 9: Marketing Strategy Analysis
    • 9.1. Marketing Channel
    • 9.2. Direct Marketing
    • 9.3. Indirect Marketing
    • 9.4. Marketing Channel Development Trends
    • 9.5. Economic/Pulitical Environmental Change
  • Chapter No. 10: Research Methodology
    • 10.1. Research Methodology
    • 10.2. Phase I - Secondary Research
    • 10.3. Phase II - Data Modeling
      • 10.3.1. Company Share Analysis Model
      • 10.3.2. Revenue Based Modeling
    • 10.4. Phase III - Primary Research
    • 10.5. Research Limitations
      • 10.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis,  By Application
FIG NO. 2. Market Attractiveness Analysis, By Region
FIG NO. 3. Global Medium Molecular Weight Polyisobutylene Market  Revenue, 2016 – 2028 (USD Million)
FIG NO. 4. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 5. Market Revenue Share,  By Application, 2020 & 2028
FIG NO. 6. Global Medium Molecular Weight Polyisobutylene Market  for Gum Base, Revenue (USD Million) 2016 – 2028
FIG NO. 7. Comparative Revenue Analysis of Medium Molecular Weight Polyisobutylene Market  for Gum Base, By Country, 2020 & 2028
FIG NO. 8. Global Medium Molecular Weight Polyisobutylene Market  for Adhesives, Revenue (USD Million) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Medium Molecular Weight Polyisobutylene Market  for Adhesives, By Country, 2020 & 2028
FIG NO. 10. Global Medium Molecular Weight Polyisobutylene Market  for Sealants, Revenue (USD Million) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Medium Molecular Weight Polyisobutylene Market  for Sealants, By Country, 2020 & 2028
FIG NO. 12. Global Medium Molecular Weight Polyisobutylene Market  for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Medium Molecular Weight Polyisobutylene Market  for Others, By Country, 2020 & 2028
FIG NO. 14. Global Medium Molecular Weight Polyisobutylene Market  Revenue Share, By Region, 2020 & 2028
FIG NO. 15. North America Medium Molecular Weight Polyisobutylene Market  Revenue, 2016 - 2028 (USD Million)
FIG NO. 16. Porter’s Five Forces Analysis for Global Medium Molecular Weight Polyisobutylene Market 
FIG NO. 17. PEST Analysis for Global Medium Molecular Weight Polyisobutylene Market 
FIG NO. 18. Pricing Analysis for Global Medium Molecular Weight Polyisobutylene Market 
FIG NO. 19. Value Chain Analysis for Global Medium Molecular Weight Polyisobutylene Market 
FIG NO. 20. Company Share Analysis, 2019
FIG NO. 21. Radar Determinant Chart, 2019
FIG NO. 22. Company Strategic Developments – Heat Map Analysis
FIG NO. 23. Business Segment Revenue Share, 2020 (%)
FIG NO. 24. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 25. Market Channels
FIG NO. 26. Marketing Channel Development Trend
FIG NO. 27. Growth in World Gross Product, 2008-2018
FIG NO. 28. Research Methodology – Detailed View
FIG NO. 29. Research Methodology
 


Table Of Tables

List of Tables 

TABLE NO. 1. Global Medium Molecular Weight Polyisobutylene Market : Snapshot
TABLE NO. 2. Quarterly Medium Molecular Weight Polyisobutylene Market  Revenue by Region, 2020
TABLE NO. 3. Quarterly Medium Molecular Weight Polyisobutylene Market  Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Medium Molecular Weight Polyisobutylene Market  for Gum Base, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Medium Molecular Weight Polyisobutylene Market  for Adhesives, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Medium Molecular Weight Polyisobutylene Market  for Sealants, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Medium Molecular Weight Polyisobutylene Market  for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Medium Molecular Weight Polyisobutylene Market  Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 11. North America Medium Molecular Weight Polyisobutylene Market  Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 12. North America Medium Molecular Weight Polyisobutylene Market  Revenue,  By Application, 2016 – 2028 (USD Million)
TABLE NO. 13. U.S. Medium Molecular Weight Polyisobutylene Market  Revenue,  By Application, 2016 – 2028 (USD Million)
TABLE NO. 14. Canada Medium Molecular Weight Polyisobutylene Market  Revenue,  By Application, 2016 – 2028 (USD Million)
TABLE NO. 15. Mexico Medium Molecular Weight Polyisobutylene Market  Revenue,  By Application, 2016 – 2028 (USD Million)
TABLE NO. 16. Drivers for the Medium Molecular Weight Polyisobutylene Market : Impact Analysis
TABLE NO. 17. Restraints for the Medium Molecular Weight Polyisobutylene Market : Impact Analysis
TABLE NO. 18. Major Buyers of Medium Molecular Weight Polyisobutylene
TABLE NO. 19. Distributors/Traders List 
TABLE NO. 20. Global Medium Molecular Weight Polyisobutylene Market , Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 21. Global Medium Molecular Weight Polyisobutylene Market , Company Y-o-Y Growth, 2017 – 2028 (USD Million)

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Medium Molecular Weight Polyisobutylene market. Zion Research has collected and analyzed key data belong to the Global Medium Molecular Weight Polyisobutylene market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Medium Molecular Weight Polyisobutylene across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Medium Molecular Weight Polyisobutylene industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Medium Molecular Weight Polyisobutylene market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Polyisobutylene is a homo-polymer of isobutylene and isoprene. It is generally odorless and offers high resistance towards salt, acid, and alkalis. Polyisobutylene is categorized into low, medium and high types depending on their molecular weights. Medium molecular weight polyisobutylene is mainly utilized in adhesive formulations, viscosity modifiers and binder in sealing compounds. It is also used in additives such as fuel additive and lubricating additive as it offers thickness and is used as a precursor in the chemical industry.

Escalating use of medium molecular weight polyisobutylene in lubricating oils is the driving factor for the market. Moreover, rising demand for adhesive and sealants is likely to fuel the growth of market owing to use of medium molecular weight isobutylene in adhesive and sealants as the precursor. However, the severe impact of medium molecular weight polyisobutylene spills on the environment, specifically on water bodies, is projected to limit its application to some extent. Nevertheless, growing demand for chewing gum is expected to offer ample opportunities for the market in the forecast period.

Global Medium Molecular Weight Polyisobutylene Market

The major applications for the medium molecular weight polyisobutylene are gum base, additives, sealants, lubricants and other applications. Adhesives were the largest application segment for the medium molecular weight polyisobutylene market accounting more than 40.0 % of total market share in 2015. Sealants were the second largest segment of medium molecular weight polyisobutylene market in the same year. Moreover, a lubricant is expected to be a fastest growing application for medium molecular weight polyisobutylene market in near future. This growth is attributed to increasing demand for lubricating oil in various industries.  Furthermore, sealant application is expected to register the moderate growth due to the increase in demand for polyisobutylene in pharmaceutical industry across the globe. Gum base is also expected to grow at a moderate CAGR in near future years due to the growing sports events such as Women Cricket World Cup (2017), Asian Games, Common Wealth Games and FIFA World Cup (2018), ICC Cricket World Cup (2019).

Asia Pacific dominated the medium molecular weight polyisobutylene market in 2015 with more than 35.0% of total market share and is expected to grow at the CAGR of 5.0%. North America led the market followed by Europe in 2015; however, it is expected to experience moderate growth within the forecast period. Latin America and the Middle East & Africa are anticipated to experience inkling growth with a growing CAGR over the years to come.

Some of the leading key players in the medium molecular weight polyisobutylene market are Exxon Mobil Corporation, Lanxess, Infineum International Limited, TPC Group, INEOS, Berkshire Hathaway Inc, Chevron Oronite Company LLC, Kothari Petrochemicals, BASF SE, Zhejiang Shunda New Material Co., Proteux Corp, Shandong Hongrui Petrochemical Co., Ltd and Mayzo among others.

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FrequentlyAsked Questions

The global Medium Molecular Weight Polyisobutylene Market was valued at USD 525 Million in 2020.

The global Medium Molecular Weight Polyisobutylene Market is expected to reach USD 667.4 Million by 2028, growing at a CAGR of 3% between 2021 to 2028.

Rising need for medium molecular weight polyisobutylene in the lubricating oil is likely to augment the medium molecular weight polyisobutylene market in the near future. 

Asia Pacific region held a substantial share of the Medium Molecular Weight Polyisobutylene Market in 2020.

Some of the leading key players for the polyisobutylene are Exxon Mobil Corporation, Lanxess, Infineum International Limited, TPC Group, INEOS, Chevron Oronite Company LLC, Kothari Petrochemicals, BASF SE, Zhejiang Shunda New Material Co., Proteux Corp, Shandong Hongrui Petrochemical Co., Ltd and Mayzo among others.

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