Get the latest insights on price movement and trend analysis of Polyisobutylene in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Polyisobutylene prices have decreased in the US market throughout the second quarter of 2023, backed by weak feedstock prices and sufficient inventories

The polyisobutylene prices in the USA for Q2 2023 reached 2540 USD/MT in December due to lower feedstock costs and robust inventories. Economic challenges and cautious manufacturing growth contributed to weaker market conditions. However, domestic demand from the construction and automotive sectors remained steady, helping to balance the market amidst fluctuating economic indicators and trade activities.

Polyisobutylene Prices June 2023

Explore IMARC’s newly published report, titled “Polyisobutylene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of polyisobutylene pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

The Polyisobutylene Market Report is Segmented by Application (Tire Tubes, Adhesive and Sealants, Lubricants, Plasticizers, Fuel Additives, Electrical Insulation, and Other Applications) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Size and Forecasts are Provided in Terms of Volume (tons) for all the Above Segments.

The Polyisobutylene Market size is expected to reach a valuation of USD 5280.5 million in 2033 growing at a CAGR of 6%. The Polyisobutylene market research report classifies market by share, trend, demand, forecast and based on segmentation.

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The polyisobutylene (PIB) market size is expected to grow by 359.53 thousand MT and record a CAGR of 5.44% during 2021-2025.

This post-pandemic polyisobutylene market report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this polyisobutylene market analysis report, key drivers such as an increase in demand from the automotive industry have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as fluctuating prices of raw materials, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the Polyisobutylene (PIB) Market Size be in 2021?

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Who are the Key Vendors in the Polyisobutylene (PIB) Market?

The polyisobutylene market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

• BASF SE
• Braskem SA
• Chevron Corp.
• Daelim Co. Ltd.
• DuPont de Nemours Inc.
• Evonik Industries AG
• INEOS Group Holdings SA
• LyondellBasell Industries NV
• The Lubrizol Corp.
• TPC Group

The polyisobutylene market is concentrated and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

This polyisobutylene market report further entails segmentation by type (HR-PIB and enhanced PIB), application (additives, automotive, and others), and geography (Europe, North America, APAC, South America, and MEA). View our sample report to gather market insights on the segmentations.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.

Which are the Key Regional Markets for Polyisobutylene (PIB) Market?

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The plant is a JV between Aramco and Total with a production capacity of 80 kilotons. The production is expected to start in 2024. The company also expanded its PIB capacity at the Yeosu plant in Korea from 200 kilotons to 250 kilotons, to cater the rising demand for polyisobutylene.

Polyisobutylene (PIB) Market Outlook

The global Polyisobutylene (PIB) market size is projected to grow from USD 2.5 billion in 2023 to USD 3.8 billion by 2032, at a compound annual growth rate (CAGR) of 4.6%. This market growth is primarily driven by the increasing demand for fuel-efficient automobiles and advancements in packaging technology. The diverse applications of PIB, ranging from adhesives and sealants to lubricants and fuel additives, contribute significantly to its market expansion.

One of the major growth factors for the Polyisobutylene (PIB) market is its extensive use in the automotive industry, particularly in the manufacturing of inner tubes for tires and fuel additives. As automotive manufacturers strive to meet stringent environmental regulations and improve fuel efficiency, the demand for PIB is expected to rise. The material's excellent impermeability and flexibility make it an ideal choice for automotive applications, thereby pushing the market growth forward. Additionally, the growth of the electric vehicle market presents new opportunities for PIB in battery sealing applications.

Another key driver for the PIB market is its increasing application in the packaging industry. With the rise in e-commerce and the need for efficient packaging solutions, PIB's properties as a barrier material against moisture and air are highly valued. It is extensively used in the production of stretch films and various flexible packaging products, thus catering to the growing demand for durable and reliable packaging solutions. Furthermore, the ongoing research and development efforts aimed at enhancing the properties of PIB, such as its thermal stability and tensile strength, are expected to open up new avenues for market growth.

The construction industry also plays a pivotal role in the PIB market's expansion. Polyisobutylene is widely utilized in roofing membranes, sealants, and adhesives due to its excellent waterproofing and weather-resistant properties. As urbanization continues to rise and infrastructure development projects proliferate globally, the demand for high-performance construction materials like PIB is anticipated to increase. Moreover, the need for energy-efficient buildings augments the requirement for effective insulation and sealing materials, further bolstering the market.

High Molecular Weight Polyisobutylene is gaining traction due to its superior mechanical properties and durability, which are essential for demanding applications in the automotive and construction sectors. This type of polyisobutylene is particularly valued for its high tensile strength and elasticity, making it an ideal choice for high-performance adhesives and sealants. The automotive industry, in particular, benefits from these properties as they contribute to the longevity and reliability of vehicle components. As manufacturers continue to innovate and seek materials that enhance product performance, the demand for high molecular weight polyisobutylene is expected to rise, further supporting market growth.

Regionally, Asia Pacific is projected to witness the highest growth in the PIB market, driven by the rapid industrialization and urbanization in countries such as China and India. The burgeoning automotive and construction sectors in this region, coupled with supportive government policies, are expected to significantly contribute to the market expansion. North America and Europe are also notable markets for PIB, where the focus on sustainable practices and advanced packaging solutions drives the demand. The Middle East & Africa and Latin America are anticipated to exhibit moderate growth due to infrastructural developments and increasing automotive manufacturing activities.

Product Type Analysis

The Polyisobutylene (PIB) market is segmented by product type into high molecular weight, medium molecular weight, and low molecular weight PIB. High molecular weight PIB is particularly in demand for applications that require robust mechanical properties and durability. Its use in high-performance adhesives and sealants for the automotive and construction industries underscores its significance. These industries benefit from the high tensile strength and elasticity provided by high molecular weight PIB, which is crucial in ensuring the longevity and reliability of end products.

Medium molecular weight PIB finds extensive applications in the production of lubricants and fu

Global Polyisobutylene market size is expected to reach $3.57 billion by 2029 at 6.7%, growing tire and tube demand fuels polyisobutylene market growth

According to Cognitive Market Research, the global Polyisobutylene market size will be USD 1.12 billion in 2024 and will expand at the compound annual growth rate (CAGR) of 5.8% from the year 2024 to 2031. Market Dynamics of Polyisobutylene Market

Key Drivers for Polyisobutylene Market

Growing Demand in Construction and Sealants - The construction industry's expanding demand for efficient sealing solutions is another driving force for the PIB market. Polyisobutylene-based sealants offer excellent adhesion, durability, and resistance to weathering and chemicals, making them an ideal choice for applications such as window seals, roofing membranes, and waterproof coatings. The growth in global construction activities, coupled with stringent regulatory requirements for the energy efficiency and environmental sustainability, further boosts the adoption of PIB-based sealants.
The rising demand for healthcare and personal care products is anticipated to drive the Polyisobutylene market's expansion in the years ahead.

Key Restraints for Polyisobutylene Market

The stringent regulations regarding environmental impact and safety can restrict the market growth of polyisobutylene.

Polyisobutylene finds large applications in numerous industries in the form of sealant, lubricant, additives, etc. it finds widespread usage mostly in automobile sectors for the purposes of improving the engine's performance. As has some helpful traits it may inflict injury upon environment also due to being non-biodegradable one. It when leaks or spouts by chance in the environment will damage environment since turn adhesive the moment came into contact with water. For instance, recent maritime legislation prohibited the sea discharge of polyisobutylene that harmed over 4,000 birds of at least 18 species. The birds were discovered dead or covered in a sticky substance. Subsequently, the UK government's Maritime and Coastguard Agency (MCA) confirmed that the chemical that harmed a massive number of bird species was polyisobutylene. It was rinsed in water while cleaning ship tanks to enhance engine performance. The toxic properties of this chemical restrict their use in different industries. Additionally, the consumers' demand slowly diminishes and therefore, inhibits the polyisobutylene market.

The market also faces significant difficulties related to price volatility of raw materials.

Opportunity

Rising emphasis on advanced technologies creates new opportunities for the market 

The rapid advancement and integration of cutting-edge technologies across various industries significantly contribute to the development and innovation of polyisobutylene (PIB) products, particularly in enhancing their biocompatibility and performance. One notable area where this impact is evident is the automotive industry, which is increasingly shifting its focus towards the production of tubeless tires over traditional ones. Tubeless tires are gaining popularity among consumers due to their superior ability to retain air pressure over extended periods, which translates to enhanced safety and lower maintenance requirements. Polyisobutylene plays a crucial role in this transformation, as its unique properties help minimize air permeability, thereby allowing vehicles to operate effectively even under low tire pressure conditions. This not only improves vehicle performance but also extends tire life. In response to the growing demand for efficient and durable tire solutions, leading manufacturers and market players are collaborating to develop more advanced tubeless tire technologies. For instance, some manufacturers are also developing smart tires that incorporate sensors to monitor various parameters like tire pressure, temperature, and tread wear, potentially improving safety and performance. These strategic partnerships aim to further reduce maintenance needs and enhance overall performance, which in turn drives the global demand for polyisobutylene. As a result, these technological innovations offer a promising outlook for the expansion of the PIB market worldwide.

Introduction of the Polyisobutylene Market

Polyisobutylene Market encompasses a versatile polymer known for its unique characteristics, including high resistance to heat, oxidation, and chemical substances. PIB finds extensive application across industries such as automotive, construction, and healthcare, wh...

The global polyisobutylene market stood at a value of more than USD 3.09 Billion in 2024. The market is further expected to grow at a CAGR of 4.80% in the forecast period of 2025-2034 to attain a value of over USD 4.94 Billion by 2034.

Polyisobutylene market to hit USD 4.60 billion by 2032, growing at 3.90% CAGR from 2024 to 2032, due to rising demand for polyisobutene in construction sector.

The Global Polyisobutylene Market size was valued at USD 1.92 billion in 2023 and is projected to reach USD 2.53 billion by 2032, exhibiting a CAGR of 4.0 % during the forecasts period. Global polyisobutylene market involves the manufacturing and selling of polyisobutylene, which is a synthetic rubber product that is applied widely owing to its high gas barrier property, flexibility, warmth and chemical resistance. Its uses include automotive and adhesive industries and sealants; tire and fuel, and protection coatings require PIB. Some trends observable in the market include: There has been a increase in the levels of consciousness on more environmentally sustainable products, new production methods, and the rising uses in the pharmaceutical and the personal care industries. Besides, the increasing use of electric vehicles and strict requirements for emissions are the innovation factors of PIB formulations, which ensure that the global polyisobutylene market has a strong growth trend.

The global Hydrogenated Polyisobutylene (PIB) Market size is expected to reach USD 28.99 Billion in 2032 registering a CAGR of 4.6% Discover the latest trends and analysis on the Hydrogenated Polyisobutylene (PIB) Market. Our report provides a comprehensive overview of the industry, including key pl...

The Polyisobutylene market is segmented based on product type and application. High molecular weight polyisobutylene is primarily used in automotive applications, while medium and low molecular weight polyisobutylene are used in adhesives, sealants, and lubricants. The automotive industry is the largest consumer of polyisobutylene, followed by the construction and packaging industries. Recent developments include: November 2021: Lanxess, a leading manufacturer of polyisobutylene across the globe, lowered its full-year profit estimates and warned that already high energy and freight costs might rise considerably more in the fourth quarter, sending its stock plummeting. Following the pandemic, a resurgence in economic development has resulted in a jump in energy and raw material prices, placing pressure on businesses to pass on the increased expenses.. Key drivers for this market are: Rising demand for automotive rubber components. Growing popularity of high molecular weight polyisobutylene.. Potential restraints include: Fluctuating raw material prices. Stringent environmental regulations.. Notable trends are: Development of bio-based polyisobutylene. Focus on sustainable production processes..

Polyisobutylene Market valued USD 3.1 Billion in 2024 and is projected to surpass USD 5.3 Billion through 2032

Polyisobutylene (CAS 9003-27-4) Sales Market Outlook

The global market size for Polyisobutylene (CAS 9003-27-4) was valued at approximately USD 2.5 billion in 2023 and is expected to reach around USD 3.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.8% during the forecast period. This growth is driven by increasing demand in various end-user industries such as automotive, construction, and packaging, where Polyisobutylene is widely used as an essential raw material.

One of the key factors driving the growth of the Polyisobutylene market is its extensive application in the automotive industry. Polyisobutylene is used in the production of lubricants, fuel additives, and tires, contributing to enhanced vehicle performance and efficiency. With the increasing global automotive production and sales, the demand for Polyisobutylene is expected to witness significant growth. Moreover, stringent environmental regulations mandating the use of low-emission additives in fuels are further boosting the market.

Another growth factor is the rising demand for Polyisobutylene in the construction industry, particularly in the production of adhesives and sealants. Polyisobutylene-based sealants offer superior waterproofing and weather-resistant properties, making them ideal for construction applications. The growth of infrastructure development projects, especially in emerging economies, is anticipated to drive the demand for Polyisobutylene-based products. Additionally, the growing trend of sustainable and green building materials is expected to further augment the market.

The packaging industry also plays a significant role in the growth of the Polyisobutylene market. Polyisobutylene is used in the production of various packaging materials due to its excellent barrier properties and flexibility. With the increasing demand for flexible packaging solutions and the shift towards lightweight packaging materials, the market for Polyisobutylene is likely to expand. Furthermore, the rising e-commerce sector is contributing to the demand for efficient and durable packaging, thereby driving the market.

Regionally, the Asia Pacific region is expected to dominate the Polyisobutylene market during the forecast period. The rapid industrialization and urbanization in countries like China and India are contributing to the growing demand for Polyisobutylene in various applications. Additionally, the presence of major automotive and construction industries in this region further boosts the market growth. North America and Europe are also significant markets, driven by the demand for advanced automotive and packaging solutions. Meanwhile, the Middle East & Africa and Latin America are expected to witness moderate growth due to the ongoing development activities and increasing investment in infrastructure projects.

Product Type Analysis

Polyisobutylene is segmented by product type into high molecular weight, medium molecular weight, and low molecular weight categories. High molecular weight Polyisobutylene is extensively used in the automotive and construction industries due to its excellent mechanical properties and durability. This segment is anticipated to witness significant growth driven by the increasing demand for high-performance materials in these industries. The high molecular weight Polyisobutylene offers superior tensile strength and resistance to weathering, making it suitable for demanding applications such as tire manufacturing and construction sealants.

Medium molecular weight Polyisobutylene finds applications in a variety of sectors including lubricants, fuel additives, and adhesives. This segment is expected to grow steadily during the forecast period owing to its versatility and cost-effectiveness. Medium molecular weight Polyisobutylene is often used as a viscosity modifier in lubricants, enhancing their flow properties and performance. Additionally, its use in fuel additives contributes to improved fuel efficiency and reduced emissions, further driving its demand.

Low molecular weight Polyisobutylene, on the other hand, is primarily used in the production of adhesives and sealants. This segment is projected to grow at a moderate pace, driven by the increasing demand for adhesive solutions in the packaging and construction industries. Low molecular weight Polyisobutylene provides excellent tack and adhesion properties, making it ideal for pressure-sensitive adhesives and sealants. The growing trend of lightweight and flexible packaging materials is expected to further boost the demand for low molecular weight Po

The global market size of Polyisobutylene and Hydrate is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Polyisobutylene and Hydrate Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Polyisobutylene and Hydrate industry. The key insights of the report:
1.The report provides key statistics on the market status of the Polyisobutylene and Hydrate manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Polyisobutylene and Hydrate industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Polyisobutylene and Hydrate Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Polyisobutylene and Hydrate as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Polyisobutylene and Hydrate market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.

Polyisobutylene Market Outlook 2032

The global polyisobutylene market size was USD 2.1 Billion in 2023 and is likely to reach USD 3.3 Billion by 2032, expanding at a CAGR of 5.2% during 2024–2032. The market is propelled by the expansion of automotive and construction industries.



Increasing demand for high-performance elastomers is expected to drive the market during the forecast period. Known for its exceptional impermeability, flexibility, and stability, polyisobutylene is a versatile material used in a wide range of applications. Industries such as automotive, construction, and pharmaceuticals value this synthetic rubber for its resistance to heat, chemicals, and oxidation, making it an ideal choice for products such as tires, sealants, and medical stoppers.

• In September 2023, TPC Group completed the initial phase of its di-isobutylene capacity upgrade, strategically aligning itself with the escalating global demand for di-isobutylene, a trend driven by the adoption of low global warming potential refrigerants.

Growing environmental concerns are influencing trends in the polyisobutylene market. The development of bio-based polyisobutylene offers a sustainable alternative to traditional, petroleum-derived materials. This eco-friendly variant retains the beneficial properties of conventional polyisobutylene while reducing the environmental impact of its production and disposal.



Rising innovation in polymer technology is creating new opportunities for the polyisobutylene market. Advances in production techniques are leading to the development of polyisobutylene with enhanced properties, such as increased tensile strength and improved heat resistance. These innovations are expanding the range of potential applications for polyisobutylene, contributing to the market's growth.

Impact of Artificial Intelligence (AI) in Polyisobutylene Market<

Highly Reactive Polyisobutylene Market size was USD 1.20 Billion in 2022 and is expected to reach a value of USD 1.99 Billion in 2034 and register a revenue CAGR of 7% during the forecast period.