Demand for Conventional Polyisobutene to Grow at a CAGR of over 8%, Reports Fact.MR

“During the projected period, the rise in merger and acquisition activities can become a key factor contributing towards the polyisobutene market restructuring.” comments a Fact.MR analyst.

United States, Rockville MD, July 05, 2022 (GLOBE NEWSWIRE) — The Polyisobutene Market revenues were estimated at US$ 2.2 Bn in 2021 and is anticipated to grow at a CAGR of 7.5% from 2022-2032, according to a recently published Fact.MR report. By the end of 2032, the market is expected to reach a valuation of US$ 4.8 Bn.

The outbreak of Covid-19 pandemic created a trend toward remote working, resulting in increased phone traffic and mobile data usage. As optical fibers is one of the critical components to deliver internet connections, the telecom sector reacted positively. The demand for Polyisobutene as an insulation material in electrical appliances was predicted to rise as the telecom sector expands.

The requirement to construct new hospitals in North America increased at a rapid pace. As a result, during the pandemic, the construction industry’s expansion is predicted to raise demand for fixatives and sealants, positively boosting polyisobutene growth.

For more insights into the Market, Get A Sample of this Report!
https://www.factmr.com/connectus/sample?flag=S&rep_id=5160

With an increase in the demand from major industries like automotive, cosmetics, and aerospace in developing economies like China and India, the demand for polyisobutene is escalating. Hydraulics, aerators, compressors, industrial engines, and sprockets are among the most frequent industrial lubricants used in the chemical and mining industry.

Key Takeaways from the Market Study

• Polyisobutene Market was valued at US$ 2.2 Bn in 2021. According to Fact.MR, Polyisobutene Market revenue would increase 2.2X between 2022 and 2032, reaching roughly US$ 4.8 Bn in 2032.
• In terms of Product Type, the Conventional Polybutene is expected to account for the highest projected CAGR of over 8.1%.
• In terms of End-Use of Polyisobutene analytics, Industrial end use accounted for the highest CAGR of 6.2% during the historical period.
• US is the dominant region in the Polyisobutene Market with an absolute dollar growth opportunity of over US$ 708 Mn.

The key revenue drivers which affected the Polyisobutene Market are rapid growth in industrialization and urbanization, wide usage of sustainable chemicals and raw materials, special chemicals and materials which are used in food and beverages, pharmaceuticals, personal care, cosmetics, textile, paper, tires, and lubricants.

Increased demand for tubeless tires, as well as the increased usage of Polyisobutene in their manufacture, are likely to offer considerable potential opportunity for growth.

For Comprehensive Insights Ask An Analyst Here
https://www.factmr.com/connectus/sample?flag=AE&rep_id=5160

Competitive Landscape
The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the polyisobutene market are focused on R&D to produce innovative technological solutions.

Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. Some of the key players operating in polyisobutene market include BASF SE, Daelim Co. Ltd., TPC Group, INEOS Group, Kothari Petrochemicals, Lubrizol Corporation, ExxonMobil Corporation, and Lanxess AG.

• In March 2021, the Pollution Control Board granted the right to Kothari Petrochemicals to operate for expansion. This consent from the government will enhance the production capacity of Polyisobutene. They are now India’s leading manufacturer of high-quality Polyisobutene.
• In January 2019, Saudi Aramco and Total Energies mutually agreed to collaborate with Daelim Co. Ltd. to develop a modern Polyisobutene plant, which is expected to commence their production in 2024. Owing to the facility’s location in Saudi Arabia, Daelim Co. Ltd. will be able to serve its clients throughout the Middle East, as well as the markets in Europe and Asia.
• In 2019, Lubrizol Corporation, alongside Daelim Industrial constructed a new Polyisobutene unit at Deer Park, Texas. As part of the company’s previously stated 10-year phased investment strategy, Lubrizol is continuing to update its additive infrastructure with the construction of this facility. Lubrizol’s global capabilities will be upgraded and enhanced as part of the strategy.

Market Segments Covered in Polyisobutene Market Analysis

• By Product Type :
  • Conventional
  • Highly Reactive
• By Molecular Weight :
  • High
  • Medium
  • Low
• By End-Use :
  • Automotive
  • Industrial
  • Food
  • Other End-Users
• By Region :
  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

Get Customization on this Report for Specific Research Solutions
https://www.factmr.com/connectus/sample?flag=RC&rep_id=5160

More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the Polyisobutene Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Polyisobutene Market in terms of Product Type (Conventional, Highly Reactive), Molecular Weight (High, Medium, Low), End-Use (Automotive, Industrial, Food and Other End-Users) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

About the Chemicals and Materials Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemical and material industries team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the chemical and material industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.

Check out more studies related to Chemical And Materials Industry, conducted by Fact.MR:

Molded Plastics Market – Molded Plastics Market Analysis, By Material (Polypropylene, Polyethylene, Polyvinyl Chloride, Polystyrene, Polyethylene Terephthalate), By Application (Packaging, Consumables & Electronics, Automotive & Transportation, Building & Construction) – Global Market Insights 2022 to 2032

Ethylene Oxide Market – Ethylene Oxide Market Analysis by Application (Ethylene Glycol, Ethoxylates, Ethanolamines, Glycol Esters, Other Applications), by End Use Industry (Automotive, Agrochemicals, Food and Beverage, Textile, Personal Care, Pharmaceuticals, Detergents, Other End Use Industries) and by Region- 2022 to 2032

Succinic Acid Market – Succinic Acid Market Analysis, By Type (Petro-based, Bio-based), By End Use (Industrial, Coatings, Food & Beverages, Cosmetics) – Global Market Insights 2022 to 2032

Carbon Felt and Graphite Felt Market – Carbon Felt and Graphite Felt Market Analysis, By Raw Material (PAN, Pitch, Rayon), By Type (Carbon Felt, Graphite Felt), By Application (Furnaces, Batteries, Filters) – Global Market Insights 2022 to 2032

Methyl Chloride Market – Methyl Chloride Market Analysis By Function (Methyl Chloride Intermediates, Methyl Chloride Refrigerants & Methyl Chloride Solvents) By Application & By Region – Global Market Insights 2022 to 2032

Cenospheres Market – Cenospheres Market By Type (Gray Cenospheres, White Cenospheres), By End Use (Refractories, Construction, Oil & Gas, Automotive, Paints & Coatings) & Region – Global Market Insights 2022 to 2032

Hyaluronic Acid Market – Hyaluronic Acid Market Analysis, By Application (Dermal Fillers, Osteoarthritis, Ophthalmic), By Distribution Channel (Offline, Online), By End Use (Pharmaceuticals, Dermatology Clinics & Cosmetic Surgery Centers, Food, Personal Care) – Global Market Insights 2022 to 2032

Renewable Chemicals Market – Renewable Chemicals Market by Product Type (Ethanol, Ketones, Biopolymers, Platform Chemicals, and Other Product Types), Feedstocks (Biomass, Corn, Sugarcane, Algae, and Other Feedstocks), End-Use (Automotive, Medical, Food and Beverages, Petrochemicals, Textile, Agriculture and Other End-Uses) and Region -2022 to 2032

Road Marking Paints and Coatings Market – Road Marking Paints and Coatings Market by Type (Paint based Materials, Performance-based Materials), Application (Road and Highway Marking, Parking Lot Marking, Factory Marking, Airport Marking, Other Applications), and By Region- 2022 to 2032

Industrial Enzymes Market – Industrial Enzymes Market By Product Type (Carbohydrases, Proteases, Lipases) By Application (Technical, Feed Additives, Food Processing), By End Use (Food & Beverages, Detergents, Animal Feed, Personal Care & Cosmetics, Nutraceuticals, Textiles) & Region – Global Market Insights 2022 to 2032

About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
Email: [email protected]
Tel: +1 (628) 251-158

Disclaimer: This content is distributed by The GlobeNewswire