Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.14 Billion | USD 4.53 Billion | 7.80% | 2024 |
The global poly1 butene market size was worth around USD 2.14 billion in 2024 and is predicted to grow to around USD 4.53 billion by 2034, with a compound annual growth rate (CAGR) of roughly 7.80% between 2025 and 2034.
Poly1 butene, also known as polybutene-1 or PB-1, is a thermoplastic polymer. It belongs to the polyolefin family. Synthesis of polybutene-1 deals with the polymerization of 1-butene, which is a linear alpha-olefin. During the production process, the use of stereospecific catalysts is essential for obtaining a highly isotactic structure of PB-1. According to market research, the isotactic structure of poly-1-butene is essential for several unique characteristics of the niche polymer. For instance, poly-1-butene has a high melting point reaching up to 120-130°C.
In addition to this, PB-1 also delivers superior crystallinity and excellent mechanical properties. The chemical resistance showcased by PB-1 against a wide range of acids and organic solvents makes the polymer widely popular across several end-user industries. For instance, poly1 butene is used in the growing packaging industry in the form of sheets, films, and containers. Moreover, the polymer has also delivered excellent applications in the automotive sector and the medical devices industry.
During the forecast period, demand for poly-1-butene is expected to be driven by the growing demand for high-functioning packaging solutions, especially as the e-commerce industry continues to expand. Moreover, the ongoing expansion of PB-1 in the production of medical devices may generate high growth opportunities for industry players. A major cause of concern for the market may emerge in the form of growing geopolitical tensions across countries worldwide.
Rising applications of the polymer in the packaging industry to propel market demand
The global poly1 butene market is expected to be driven by the rising applications of the polymer in the packaging sector. Poly-1-butene is a versatile material with special properties, making it highly sought-after in the packaging sector. According to industry analysis, PB-1 has excellent heating sealing features, which improve its compatibility with polypropylene.
In addition to this, packaging materials containing poly-1-butene deliver excellent chemical resistance and mechanical strength. In the last few years, demand for poly-1-butene has been highly influenced by increasing applications of sheets, containers, and films in the packaging sector.
Moreover, the rising expansion of the e-commerce industry has further facilitated increased demand for high-performance packaging solutions. The surge in the number of smart technology users, changing consumer lifestyles, and several benefits associated with online shopping are propelling higher investments in the e-commerce sector worldwide.
In December 2024, Amazon, one of the world's leading e-commerce companies, announced its plans to achieve $80 billion in cumulative e-commerce exports in the Indian market by 2030. As the e-commerce industry expands, demand for effective packaging solutions will continue to rise simultaneously.
Will increasing demand in the building & construction industry worldwide fuel higher revenue in the poly1 butene market?
The building & construction industry is one of the largest users of materials made using poly-1-butene. The polymer has key applications in the plumbing segment of buildings, including residential, industrial, and commercial spaces. They are used for hot and cold water plumbing systems since PB-1 has high resistance to extreme temperature and pressure.
Moreover, growing investments in the construction of underwater heating systems and district heating solutions across major regions in the world will facilitate greater revenue in the global poly-1-butene market, according to industry analysis. Advancements in construction technology and the development of smart cities will create new growth opportunities for the market players.
Do supply chain limitations and growing geopolitical tension worldwide impact the poly1 butene market revenue?
The global poly-1-butene industry is expected to be restricted due to the presence of a complex supply chain infrastructure. PB-1 is a specialized polymer requiring dedicated production units and supply chain architecture. Furthermore, a limited number of countries currently leads the industry, and growing geopolitical tensions worldwide may impact the smooth supply of final goods or raw materials in the coming years. The ongoing trade war between the US and China is expected to further impact market revenue during the forecast period.
How will the expansion of the automotive industry create growth opportunities in the poly1 butene market?
The global poly-1-butene market is expected to generate growth opportunities due to the increasing applications of the polymer in the rapidly expanding automotive sector. According to recent data, poly1 butene is widely used in the production of certain automotive parts, especially fuel tanks. The high industry demand is due to the high resistance to chemicals and the superior temperature handling capabilities of PB 1. The global automotive industry is rapidly expanding worldwide. Increased investments in the automotive sector, especially with the launch of new passenger vehicles and public transport solutions, are propelling demand for poly-1-butene worldwide.
For instance, according to official reports, Chery, one of China’s leading car manufacturers, is exploring plans to expand its manufacturing capabilities in South Africa. Europe is expected to launch new initiatives to promote the regional automotive industry as European countries seek solutions to limit the expansion of Chinese automakers in the western region. India is expected to continue investments in Make-in-India initiatives, especially concerning the regional automotive sector, further propelling demand for poly-1-butene in the coming years.
High cost of production and competition from substitutes to challenge market growth trends
The global poly1 butene industry is expected to be challenged by the high cost of production of the polymer due to its special characteristics. Limited production infrastructure and restricted access to skilled labor or PB-1 experts may affect market growth during the forecast period. The increasing demand for alternatives to PB-1, such as cross-linked polyethylene or ethylene vinyl acetate, may also affect smooth market growth in the coming years.
Report Attributes | Report Details |
---|---|
Report Name | Poly1 Butene Market |
Market Size in 2024 | USD 2.14 Billion |
Market Forecast in 2034 | USD 4.53 Billion |
Growth Rate | CAGR of 7.80% |
Number of Pages | 219 |
Key Companies Covered | Reliance Industries Limited, LyondellBasell Industries N.V., Hongye Chemical Industry Group Co. Ltd., Daelim Industrial Co. Ltd., BASF SE, Lubrizol Corporation, Ylem Technology Co. Ltd., Braskem S.A., TPC Group, SABIC, Mitsui Chemicals Inc., Borealis AG, Tengzhou Rida Chemical Co. Ltd., INEOS, Shell Chemicals USA., and others. |
Segments Covered | By Product Grade, By Application, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2019 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global poly1 butene market is segmented based on product grade, application, and region.
Based on the product grade, the global market segments are blow molding grade, injection molding grade, and extrusion grade. In 2024, the highest growth was listed in the extrusion grade segment, accounting for nearly 55% of the total revenue. The increasing use of extrusion grade PB-1 in infrastructure development projects worldwide is propelling segmental revenue. The blow molding grade segment is driven by increased demand for the polymer in the packaging sector.
Based on the application, the global market division is packaging, plumbing, consumer goods, adhesives & sealants, automotive, and electrical. In 2024, the highest revenue was listed in the plumbing segment. It held a prominence of over 50.05% of the total market share according to industry research. The growing number of home renovation projects and increasing demand for durable solutions in home redevelopment projects are propelling segmental revenue. The automotive sector is expected to emerge as a critical growth driver during the forecast period.
What factors will help Asia-Pacific lead the poly1 butene market during the forecast period?
The global poly-1-butene market is anticipated to be led by Asia-Pacific during the projection period. The presence of a robust chemical manufacturing industry in major economies such as China and India will fuel regional market expansion in the coming years. India, for instance, has witnessed higher investments in the country’s chemical-producing infrastructure in the last few years.
In May 2023, Brahmaputra Cracker and Polymer Limited (BCPL) from the Indian market announced an investment of INR 387 crore for the construction of new Butene-1 and HPG-2 plants in the country. In addition to this, the growing applications of PB 1 in the regional automotive industry are further facilitating higher revenue in the Asia-Pacific.
In 2023, Beijing Automotive Industry Corporation (BAIC) announced a new partnership with the Industrial Development Corporation in the Coega Special Economic Zone in the Eastern Cape, South Africa. The partnership allowed the construction of a new manufacturing facility for producing the Beijing X55 crossover. The ongoing growth in construction-related investments across Asia-Pacific, along with higher demand for effective packaging solutions, will further facilitate improved revenue for poly-1-butene in the coming years.
The global poly1 butene market is led by players like:
By Product Grade
By Application
By Region
FrequentlyAsked Questions
Poly1 butene, also known as polybutene-1 or PB-1, is a thermoplastic polymer. It belongs to the polyolefin family.
The global poly1 butene market is expected to be driven by the rising applications of the polymer in the packaging sector.
According to study, the global poly1 butene market size was worth around USD 2.14 billion in 2024 and is predicted to grow to around USD 4.53 billion by 2034.
The CAGR value of poly1 butene market is expected to be around 7.80% during 2025-2034.
The global poly-1-butene market is anticipated to be led by Asia-Pacific during the projection period.
The global poly1 butene market is led by players like Reliance Industries Limited, LyondellBasell Industries N.V., Hongye Chemical Industry Group Co., Ltd., Daelim Industrial Co., Ltd., BASF SE, Lubrizol Corporation, Ylem Technology Co., Ltd., Braskem S.A., TPC Group, SABIC, Mitsui Chemicals, Inc., Borealis AG, Tengzhou Rida Chemical Co., Ltd., INEOS, and Shell Chemicals USA.
The report explores crucial aspects of the poly1 butene market, including a detailed discussion of existing growth factors and restraints, while also browsing future growth opportunities and challenges that impact the market.
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