Market To Reach USD
3.80 Billion By 2026
The Global Polyisobutylene (PIB) Market is forecasted to reach USD 3.80 Billion by 2026, according to a new report
by Reports and Data. Polyisobutylene (PIB) is a commercial polymer used in multiple sectors due to its flexibility,
thermal stability, and impermeability to gases.
Further key findings from the report suggest
• Polyisobutylene (PIB) is preferred over other synthetic and natural rubbers due to its good
fragmentation performance, high cleanliness, and its self-healing nature.
• Tires hold a market share of 19% in the year 2018. The ability of the product to hold air in for a longer
period of time in the tube is increasing the demand for the product in this sector.
• 2-Strokes Engine has the highest growth rate of 6.9% throughout the forecast period.
• Automotive dominates the market with a share of 21% of the market in the year 2018. Increasing
application of Polyisobutylene (PIB) in the tire industry to improve heat retention capabilities during
tire vulcanization is further forecasted to boost the market.
Increase in demand for packaging in the pharmaceutical industry to help preserve the quality of drugs is
boosting the demand for the product in this sector also.
Market Size – USD 2.45 Billion in 2018, Market Growth - CAGR of 5.5%, Market Trends – Rising demand
from the tire industry.
Molecular Weight Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2026)
• Low Molecular Weight
• Medium Molecular Weight
• High Molecular Weight
Product Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2026)
• Conventional PIB
• Highly Reactive PIB
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2026)
• Lubes Additives
• Fuel Additives
• 2-Stroke Engines
• Adhesives and Sealants
BASF SE, TPC Group Inc., Ineos Group, Braskem, Exxon Mobil, Lanxess AG, Chevron Oronite Company LLC,