Polyisobutylene (PIB) Market Insights, Global Trend And Revenue Growth Forecast Till 2027

The global Polyisobutylene (PIB) Market was valued at US$ 2,580.78 million in 2018 and is projected to reach US$ 3,847.01 million by 2027; it is expected to grow at a CAGR of 4.5% during the forecast period 2019-2027.

The world-wide changes in construction industry associated with the use of material are changing faster than ever before. Urbanization is considered one of the international megatrends, shaking up the construction industry. The population of the global urban zones is rising by 200,000 people per day, all of whom need reasonably priced housing, transportation, as well as social and utility infrastructure. In such challenges, the construction industry is practically under a moral compulsion to transform. Its transformation is impacting elsewhere on the wider society, by reducing construction costs and by enlightening the use of scarce materials or by making buildings more eco-efficient and boosting economic development and by narrowing the global infrastructure gap. Utilization of polyisobutylene owes to demand for material with high melt flow rates, greater elongation, and enhanced impact strength. Increasing infrastructure demand in the evolving economies of the Middle East & Africa and Asia Pacific on account of developing road infrastructure, increase in per capita ownership of houses and rising spending capacity are expected to affect the construction sector in the region, which in turn will drive the demand for polyisobutylene.

Get Exclusive Sample PDF @: https://www.premiummarketinsights.com/sample/TIP00014406?utm_source=OpenPr&utm_medium=10640

Analysis of the Top Market Players:

1. BASF SE
2. Braskem SA
3. Daelim Industrial Petrochemical Division
4. Ineos AG
5. Infineum International Limited
6. KematPolybutenes
7. Kothari Petrochemicals
8. Sibur Holding PJSC
9. The Lubrizol Corporation
10. TPC Group

In this report, the market has been segmented on the basis of:

Molecular Weight (Low, Medium, High)
Product (Conventional PIB, Highly Reactive PIB)
Application (Tires, Industrial Lubes and Lube Additives, Fuel Additives, Adhesives and Sealants, Others)
End-Use Industry (Industrial, Food, Others)

Get full Report Description, TOC, Table of Figure, Chart, etc. @: https://www.premiummarketinsights.com/reports-tip/polyisobutylene-pib-market

Based on product, the polyisobutylene (PIB) market is categorized into conventional PIBand highly reactive PIB. As different types of polyisobutylene are widely used by the various end-use industries, it is gaining popularity across the world. Conventional molecular weights polyisobutylene (PIB) is basically a liquid polymer, comes in water white color, chemically stable, available with a wide range of viscosities, offers great dielectric properties, and resistant to oxidation through light and fluctuating temperatures. Highly reactive polyisobutylene is an important intermediate used for the manufacture of high-performance fuel & lubricant additives, including fuel detergents or dispersants for engine oils, additives for sludge prevention.

Geographically, the polyisobutylene (PIB) market is segmented into North America, Europe, AsiaPacific (APAC), South America (SAM), and Middle East and Africa (MEA). North America possesses the largest share in the global polyisobutylene (PIB) market. It comprises the developed and developing countries such as the US, Canada, and Mexico. The demand for polyisobutylene (PIB) has increased in the last few years, owing to rising demand from the tire and rubber industry. Substantial research is conducted in the development of polyisobutylene field and this has given an impetus to polyisobutylene (PIB). Factors such as rapid development of end-use industries such as food, personal care and cosmetics, lubricants, adhesives and sealants in the US, Canada, and Mexico are boosting the demand for polyisobutylene (PIB) in the North American region. Furthermore, supporting government scenarios in North American counties is projected to drive the demand for polyisobutylene (PIB).

Buy this research report at @: https://www.premiummarketinsights.com/buy/TIP00014406?utm_source=OpenPr&utm_medium=10640

Contact Us:
If you have any queries about this report or if you would like further information, please
Contact Person: Ankit Mathur
Phone: +1-646-491-9876
Email: sales@premiummarketinsights.com

About Us:
Premium Market Insights is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research reports and solutions from various publishers.
The market research industry has changed in last decade. As corporate focus has shifted to niche markets and emerging countries, a number of publishers have stepped in to fulfil these information needs. We have experienced and trained staff that helps you navigate different options and lets you choose best research solution at most effective cost.
Premium Market Insights has an extensive coverage of industry reports, company reports and country reports across all industries. In case your research needs are not met by syndicated reports offered by leading publishers, we can help you by offering a customized research solution by liaising with different research agencies saving your valuable time and money.
We provide best in class customer service and our customer support team is always available to help you on your research queries. Our commitment to customer service is best exemplified by free analyst support that we offer to our clients which sets us apart from any other provider. We also offer enterprise subscriptions which provide significant cost savings to our clients.

This release was published on openPR.