Medium Molecular Weight Polyisobutylene Market Size, Share, Trends, Growth and Forecast 2028

Medium Molecular Weight Polyisobutylene Market

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

Category: Chemical & Materials Report Format : PDF Pages: 160 Report Code: ZMR-175 Published Date: Jul-2021 Status : Published
Market Size in 2020 Market Forecast in 2028 CAGR (in %) Base Year
USD 525 Million USD 667 Million 3% 2019

Medium Molecular Weight Polyisobutylene Market

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.

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Growth Factors

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Report Scope:

Report Attributes Report Details
Report Name Medium Molecular Weight Polyisobutylene Market Size Report
Market Size in 2020 USD 525 Million
Market Forecast in 2028 USD 667 Million
Growth Rate CAGR of 3%
Number of Pages 188
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered 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
Segments Covered By Type, By Application, By Process, and By Region
Base Year 2019
Historical Year 2012 to 2017
Forecast Year 2020 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

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.

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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.

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Key Market Players & Competitive Landscape

  • 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.
  • 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

Methodology

Free Analysis

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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