Polyisobutylene (PIB) is a commercial polymer utilized in multiple applications owing to its property of thermal stability, impermeability to gases and flexibility. It is also used for the manufacture of tubeless tires as it is able to hold air for a longer period of time.

It is used for damp proofing and maintenance of roof membranes. It also increases the lipid portion of cosmetics and personal care products. Polyisobutylene (PIB) includes oxidation resistance, improved stability, and superior impermeability. Improvement in weathering resistance for the manufacture of pharmaceutical stoppers, construction sealants, hosepipes, and various mechanical goods is expected to encourage the growth of the market. Polyisobutylene (PIB) is used as a sealant in the sealing of photovoltaic system panels. This is owing to its improved properties of electrical insulation and resistance to gasses, and water vapor.

Expansion of the automotive industry in emerging nations such as the Middle East and the Asia Pacific is boosting the market in the region. On account of improving the road infrastructure, increase in spending ability and rise in ownership of vehicles per person is fueling the market for Polyisobutylene (PIB). The rapid growth of end users including automotive and construction sector is further encouraging the market.

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Top Players in the Global Polyisobutylene (PIB) Market:

BASF SE, TPC Group Inc., Ineos Group, Braskem, Exxon Mobil, Lanxess AG, Chevron Oronite Company LLC, Infineum International Ltd., the Lubrizol Corporation, and Berkshire Hathaway Inc.

However, environmental concerns are hampering the growth of the market. Incidences of spill in Europe and disposal of Polyisobutylene (PIB) from the tanker vessel in water bodies is hampering the growth of the market.

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Market segmentation based on Molecular Weight Outlook:

• Low Molecular Weight
• Medium Molecular Weight
• High Molecular Weight

Product Outlook:

• Conventional PIB
• Highly Reactive PIB

Application Outlook:

• Tires
• Lubes Additives
• Fuel Additives
• 2-Stroke Engines
• Industrial Lubes and Others
• Adhesives and Sealants

End-Use Industry Outlook:

• Automotive
• Industrial
• Food
• Pharmaceuticals
• Constructions
• Cosmetics
• Sporting Goods

Regional Outlook:

• North America
  • S.
  • Canada
  • Mexico
• Europe
  • Germany
  • K.
  • Italy
  • France
  • BENELUX
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East & Africa
  • Saudi Arabia
  • A.E.
  • South Africa
  • Rest of MEA

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Frequently Asked Questions Answered in the Report:

• What is the estimated revenue growth rate of the global Polyisobutylene (PIB) market over the forecast period?
• What are the major factors driving the global market revenue growth?
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• Which regional market is expected to lead in terms of revenue share in the global Polyisobutylene (PIB) market over the forecast years?
• What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?

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