Global medium molecular weight polyisobutylene market expected to reach USD 542.82 million in 2021, growing at a CAGR of 3.7% between 2016 and 2021.
The study comprises the analysis of medium molecular weight polyisobutylene market on the global and regional basis. It offers the volume and revenue share of the global market in kilotons and in USD million respectively. Furthermore, the study offers the impact of the market along with its major drivers, restraint, and opportunities of the medium molecular weight polyisobutylene market.
Additionally, to have the comprehensive glance on the market, the study comprises value chain analysis and Porter’s Five Forces model. Moreover, the report also covers the market attractiveness analysis for various applications and the regions. Additionally, the report envelops the strategic development of the major companies covering the data points such as new product launch, acquisitions & mergers, collaborations and agreements, joint ventures and partnerships.
The study provides important information on the medium molecular weight polyisobutylene market by classifying the market into applications and regions. Based on applications segment, the global medium molecular weight polyisobutylene market is adhesives, sealants, lubricant, base gum and others. Moreover, the major regions included in this report such as Europe, North America, Latin America, Asia-Pacific and the Middle East & Africa.
Some of the leading key players for the polyisobutylene 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. The presence of various players in the market has resulted in intense competition which leads to the players to focus on research and product development to sustain in this market.
The report segments the global medium molecular weight polyisobutylene market into:
Medium Molecular Weight Polyisobutylene Market: Application Analysis
Medium Molecular Weight Polyisobutylene Market: Regional Analysis
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.
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:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
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.
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:
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.
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.