Market Overview

Polyisobutylene Market In North America To Achieve 4%+ Growth Over 2017-2024

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Polyisobutylene Market In North America To Achieve 4%+ Growth Over 2017-2024

Polyisobutylene (PIB) market was highly consolidated with three major companies holding over 50% of the total supply. BASF SE, Lanxess AG, ExxonMobil Corporation, The Lubrizol Corporation, TPC Group, Chevron Oronite Company LLC, Berkshire Hathaway Inc., and Infineum International Ltd are some the prominent PIB market share contributors.

PR Newswire

SELBYVILLE, Del., Aug. 9, 2018 /PRNewswire-iReach/ -- U.S. led North America polyisobutylene market share and is anticipated to exhibit a CAGR of 4% over the period of 2016 to 2024, primarily driven by the growing requirement for tires across this region. Moreover, surging demand for sealants and adhesives across the construction sector will also account for significant revenue generation.

According to Global Market Insights, Inc., "Polyisobutylene market having had a revenue of USD 1.25 billion in 2015, will witness an annual growth rate of 5% over the coming years to hit USD 2 billion by 2024".

Considering the regional landscape, Asia pacific led global polyisobutylene industry in 2015 and is predicted to generate substantial revenue over the years ahead. The attributing factor toward industry growth is the presence of a large tire and tube manufacturing base in the region. India, China, Malaysia, and Indonesia are the prominent revenue contributors toward APAC business growth.

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The incredible expansion of the automotive industry across the globe will stimulate Polyisobutylene (PIB) Market significantly over the next few years. Players of the automotive sector are also increasingly investing in research & development activities and technological innovations, which will further augment PIB industry. Polyisobutylene is mainly used in rubber, which is the primary constituent of tires and tubes. Of late, the automobile industry has witnessed the invention of the tubeless tire as well. Such inventions are sure to propel global polyisobutylene industry.

The automotive sector dominated the application landscape by accounting more than 50% of the global revenue share in 2015 and will record a considerable growth rate over the coming seven years. The growth can be attributed to the increasing need of tubes and tires for the automobiles pertaining to characteristics such as high damping, better inflation pressure holding, and heat aging.

Buy this industry insights spread across 128 pages with 138 market data tables & 15 figures & charts from the report, "Polyisobutylene (PIB) Market Size By Molecular Weight (High, Medium, Low), By Application (Automotive, Additives), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024" in detail along with the table of contents:

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Byproducts obtained from the chemical reaction of polyisobutylene are extensively used as additives in fuels and lubrication oils. Adhesive application in polyisobutylene industry is anticipated to register an annual growth rate of more than 4.5% over the period of 2016 to 2024. PIB is used as a lubricant thickening agent and it helps clean water-borne oil stumbles as well. The growing demand for lubricants for vehicle maintenance will thus, favorably influence the industry growth.

Partial Chapters of the Table of Contents:

Chapter 2.   Executive Summary

2.1.   Polyisobutylene industry 360 degree synopsis, 2013 – 2024

2.1.1.    Business trends

2.1.2.    Product trends

2.1.3.    Application trends

2.1.4.    Regional trends

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Chapter 3.   Polyisobutylene Industry Insights

3.1.   Industry segmentation

3.2.   Industry size and forecast, 2013 - 2024

3.3.   Industry ecosystem analysis

3.3.1.    Vendor matrix

3.3.2.    Distribution channel analysis

3.4.   Polyisobutylene industry impact forces

3.4.1.    Growth drivers

3.4.1.1. Strong demand for tire and tube manufacturing

3.4.1.2. Positive growth outlook in adhesives & sealants industry

3.4.1.3. Increasing product demand in medical packaging

3.4.2.    Industry pitfalls & challenges

3.4.2.1.  Stringent environmental legislations

3.5.   Growth potential analysis

3.6.   Regulatory trends

3.6.1.    U.S.

3.6.2.    Europe

3.6.3.    China

3.7.   Porter's analysis

3.8.   Company market share analysis, 2015

3.8.1.    Strategic dashboard

3.9.   PESTEL analysis

3.10  Regional price trends

3.10.1.    Cost structure analysis

3.10.2.    Raw material landscape

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Media Contact: Jignesh Thakkar, Global Market Insights, Inc., +13028467766, sales@gminsights.com

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SOURCE Global Market Insights, Inc.

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