Who are the key players in Polyisobutylene Market?

BASF SE, Braskem, Dowpol Corporation, TPC Group and The Lubrizol Corporation are the major companies operating in the Polyisobutylene Market. Read More

Which is the fastest growing region in Polyisobutylene Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Polyisobutylene Market?

In 2024, the Asia Pacific accounts for the largest market share in Polyisobutylene Market. Read More

What years does this Polyisobutylene Market cover, and what was the market size in 2023?

In 2023, the Polyisobutylene Market size was estimated at 1.17 million tons. The report covers the Polyisobutylene Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Polyisobutylene Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Polyisobutylene (PIB) Market Size

Market Size of Polyisobutylene (PIB) Industry

Study Period	2019-2029
Market Volume (2024)	1.24 Million tons
Market Volume (2029)	1.68 Million tons
CAGR (2024 - 2029)	> 6.00 %
Fastest Growing Market	Asia Pacific
Largest Market	Asia Pacific
Market Concentration	Low
Major Players *Disclaimer: Major Players sorted in no particular order

Polyisobutylene (PIB) Market Analysis

The Polyisobutylene Market size is estimated at 1.24 Million tons in 2024, and is expected to reach 1.68 Million tons by 2029, growing at a CAGR of greater than 6% during the forecast period (2024-2029).

The market was negatively impacted by the COVID-19 pandemic as there was a slowdown in production and mobility wherein industries, such as adhesives and sealants, lubricants, etc., were forced to delay their production due to containment measures and economic disruptions. Currently, the market has recovered from the pandemic. The market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.
The major factor driving the market studied is increasing demand from the adhesives and sealants industry.
On the flip side, the instability of polyisobutylene, being non-UV resistant, is hindering the growth of the market.
Polyisobutylene, as a substitute for wool fat in stuffing agents for the production of leather, is expected to offer various opportunities for the growth of the market.
Asia-Pacific region dominates the market globally, with the most substantial consumption from countries like China, Japan, South Korea, and India.

Polyisobutylene (PIB) Industry Segmentation

Polyisobutylene (PIB) is the polymer of isobutene, a main component of butyl rubber. Polyisobutylene is soluble in water, which makes it a universally usable polymer for a wide range of industrial applications. Polyisobutylene is used to manufacture lubricants, sealants, adhesives, fuel additives, cling-film, and among others.

The polyisobutylene market is segmented by application and geography. By application, the market is segmented into tire tubes, adhesives and sealants, lubricants, plasticizers, fuel additives, electrical insulation, and other applications (lube additives, etc.). The report also covers the market size and forecasts for the market in 15 countries across the globe.

For each segment, the market sizing and forecasts have been done on the basis of volume (tons).

Application
		Tire Tubes
		Adhesive and Sealants
		Lubricants
		Plasticizers
		Fuel Additives
		Electrical Insulation
		Other Applications (Lube Additives, Etc.)

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle East and Africa

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Polyisobutylene (PIB) Market Size Summary

The polyisobutylene market is poised for significant growth, driven primarily by increasing demand from the adhesives and sealants industry. This demand is fueled by the material's properties, such as tackiness and flexibility, which make it ideal for applications like sealing joints and protecting electrical wirings. The market, which experienced a downturn due to the COVID-19 pandemic, has rebounded to pre-pandemic levels and is expected to continue its upward trajectory. The Asia-Pacific region, particularly countries like China, Japan, South Korea, and India, dominates the market due to its robust construction and automotive sectors. The region's growth is further supported by investments in new manufacturing facilities and the rising demand for high-performance lubricants and fuel additives.

Despite challenges such as the non-UV resistant nature of polyisobutylene, the market presents opportunities through its use as a substitute for wool fat in leather production. The construction boom in the Asia-Pacific region, especially in office space development, is anticipated to drive further demand for polyisobutylene. The automotive industry's focus on fuel economy and reduced emissions, particularly in China, also contributes to the market's expansion. The market is characterized by fragmentation, with key players like BASF SE, Braskem, and The Lubrizol Corporation actively expanding their production capacities to meet the growing global demand.

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Polyisobutylene (PIB) Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Increasing Demand from Adhesives and Sealants
  2. 1.1.2 Rising Demand for PIB from Transportation Sector
  3. 1.1.3 Other Drivers
2. 1.2 Restraints
  1. 1.2.1 Instability of Polyisobutylene being Non-UV Resistant
  2. 1.2.2 Other Restraints
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Buyers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products and Services
  5. 1.4.5 Degree of Competition
2. MARKET SEGMENTATION (Market Size in Volume)
1. 2.1 Application
  1. 2.1.1 Tire Tubes
  2. 2.1.2 Adhesive and Sealants
  3. 2.1.3 Lubricants
  4. 2.1.4 Plasticizers
  5. 2.1.5 Fuel Additives
  6. 2.1.6 Electrical Insulation
  7. 2.1.7 Other Applications (Lube Additives, Etc.)
2. 2.2 Geography
  1. 2.2.1 Asia-Pacific
    1. 2.2.1.1 China
    2. 2.2.1.2 India
    3. 2.2.1.3 Japan
    4. 2.2.1.4 South Korea
    5. 2.2.1.5 Rest of Asia-Pacific
  2. 2.2.2 North America
    1. 2.2.2.1 United States
    2. 2.2.2.2 Canada
    3. 2.2.2.3 Mexico
  3. 2.2.3 Europe
    1. 2.2.3.1 Germany
    2. 2.2.3.2 United Kingdom
    3. 2.2.3.3 Italy
    4. 2.2.3.4 France
    5. 2.2.3.5 Rest of Europe
  4. 2.2.4 South America
    1. 2.2.4.1 Brazil
    2. 2.2.4.2 Argentina
    3. 2.2.4.3 Rest of South America
  5. 2.2.5 Middle East and Africa
    1. 2.2.5.1 Saudi Arabia
    2. 2.2.5.2 South Africa
    3. 2.2.5.3 Rest of Middle East and Africa

Polyisobutylene (PIB) Market Size FAQs

How big is the Polyisobutylene Market?

The Polyisobutylene Market size is expected to reach 1.24 million tons in 2024 and grow at a CAGR of greater than 6% to reach 1.68 million tons by 2029.