“Global Polyisobutene Market to reach a market value of USD 3.6 Billion by 2030 growing at a CAGR of 5.4%”
The Global Polyisobutene Market size is expected to reach $3.6 billion by 2030, rising at a market growth of 5.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 1,038.29 Kilo Tonnes, experiencing a growth of 4.6% (2019-2022).
The aerospace industry extensively uses adhesives and sealants for bonding lightweight materials. Therefore, the adhesives & sealants segment captured $303.03 million revenue in the market in 2022. Polyisobutene’s adhesive properties contribute to the manufacturing of aerospace components, providing a balance between strength and weight in critical applications. Adhesives are crucial in the assembly of medical devices, and this is chosen for formulations due to its biocompatibility and stability.
Polyisobutene is valued for its emollient properties, making it an effective ingredient in skincare formulations. It helps moisturize and soften the skin, formulating lotions, creams, and moisturizers. The use of this in personal care products improves the performance of formulations. It aids in creating products that spread easily, providing a smooth and velvety feel on the skin. The versatility of this allows formulators to use it in various personal care products, including lip products, foundations, sunscreens, and hair care items. Additionally, higher disposable incomes make consumers more likely to invest in automotive products and maintenance. Polyisobutene, used in automotive lubricants and additives, benefits from increased demand as consumers prioritize the performance and longevity of their vehicles. Increased spending on home improvement projects is observed when disposable incomes rise. Thus, because of the rising disposable income and consumer goods, the market is anticipated to increase significantly.
However, significant cost volatility for producers of this can result from fluctuations in the price of raw materials, particularly isobutylene. Sudden and unpredictable changes in raw material costs can impact profit margins and make financial planning challenging. Sharp increases in raw material prices without corresponding adjustments in product pricing can squeeze profit margins for polyisobutene manufacturers. This can be particularly challenging if the industry faces competitive pressures and limited flexibility in adjusting product prices. Thus, fluctuating raw material prices can slow down the growth of the market.
Based on application, the market is classified into adhesives & sealants, automotive rubber components, fuel additives, lubricant additives, and others. In 2022, the lubricant additives segment witnessed the largest revenue share in the market. This is often used as a viscosity index improver in lubricants. It helps maintain the lubricant's viscosity over various temperatures, ensuring consistent performance in different operating conditions. The high shear stability of this makes it an ideal choice for lubricant formulations.
By molecular weight type, the market is categorized into low, medium, and high. The medium segment covered a considerable revenue share in the market in 2022. Positioning this in the medium segment allows manufacturers to balance performance and affordability. This appeals to consumers and industries seeking reasonably priced products without compromising quality. This is commonly used in automotive lubricants.
Free Valuable Insights: Global Polyisobutene Market size to reach USD 3.6 Billion by 2030
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the Asia Pacific region led the market by generating the highest revenue share. The versatility of this in adhesives and sealants for various industries can impact demand in the Asia Pacific. The potential for increased manufacturing and packaging operations in Asia Pacific may increase demand for these products.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 2.4 Billion |
| Market size forecast in 2030 | USD 3.6 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 5.4% from 2023 to 2030 |
| Number of Pages | 276 |
| Number of Table | 550 |
| Quantitative Data | Volume in Kilo Tonnes, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Molecular Weight Type, Application, Region |
| Country scope |
|
| Companies Included | Lanxess AG, BASF SE, Berkshire Hathaway, Inc., Reliance Industries Limited, INEOS Group Holdings S.A., Braskem SE (Odebrecht S.A), ENEOS Corporation (Eneos Holdings), Exxon Mobil Corporation, Chevron Oronite Company LLC, TPC Group |
By Molecular Weight Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
The Market size is projected to reach USD 3.6 billion by 2030.
Increasing demand for personal care products are driving the Market in coming years, however, Fluctuating raw material prices restraints the growth of the Market.
Lanxess AG, BASF SE, Berkshire Hathaway, Inc., Reliance Industries Limited, INEOS Group Holdings S.A., Braskem SE (Odebrecht S.A), ENEOS Corporation (Eneos Holdings), Exxon Mobil Corporation, Chevron Oronite Company LLC, TPC Group
In the year 2022, the market attained a volume of 1,038.29 Kilo Tonnes, experiencing a growth of 4.6% (2019-2022).
The High segment is generating highest revenue in the Market by Molecular Weight Type in 2022; there by, achieving a market value of $2.1 billion by 2030.
The Asia Pacific region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; there by, achieving a market value of $1.3 billion by 2030.
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 