According to Goldstein Research, global polyisobutylene market is expected to reach USD 4.51 billion by 2024, growing at a CAGR of 4.80% over the forecast period 2016-2024. The strong application of polyisobutylene in automotive industry for manufacturing of tires and tubes and increasing application as binding agent in plastic explosives by explosives industry is accelerating the growth of polyisobutylene market growth. Global polyisobutylene market segmentation has been done on the basis of product type, applications, end user and geography. Based on end user, automotive sector dominated the market with a market share of over 70% in 2016 owing to rising number of automotive which is fuelling the demand for polyisobutylene tire tubes, hoses, and gaskets.
Global polyisobutylene market is largely dominated by Asia Pacific which is projected to witness a robust growth with a CAGR of 4.0% over the forecast period. On the other hand, Europe is the fastest growing region for market and is anticipated to grow at a CAGR of 4.12% during the forecast period.
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Market Segmentation
On the basis of our in-depth analysis, Global Polyisobutylene Market can be segmented as follows:
Based on Product Type
o Low Molecular Weight Polyisobutylene
o Medium Molecular Weight Polyisobutylene
o High Molecular Weight Polyisobutylene
Based on Applications
o Fuel & Lubricant Additives
o Adhesive & Sealants
o Plastic & Elastomer Modifier
o Tires & Tubes
o Others (Chewing Gum, Detergents, and Dispersants)
Based on End-User
o Explosive Industry
o Sports Industry
o Construction Industry
o Chemical Industry
o Pharmaceutical Industry
o Automotive Industry
By Region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Polyisobutylene Market Outlook 2024” contains detailed overview of the global polyisobutylene market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, applications and end user.
Further, for the in-depth analysis, Global Polyisobutylene Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as BASF SE, Chevron Oronite, Daelim, Ineos Group, Lubrizol Corporation, TPC Group, DOW Corning, Infineum, Braskem, Exxon Mobil, Lanxess AG, Kothari Petrochemicals Limited, ENEOS, Shanndong Hongrui Petrochemical Co. Ltd., etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global polyisobutylene market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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