Zion Research has published a new report titled “Medium Molecular Weight Polyisobutylene Market for Gum Base, Additives, Sealants, Lubricants and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021.” According to the report, global demand for medium molecular weight polyisobutylene market was valued at USD 436.40 million in 2015 and is expected to reach USD 542.82 million in 2021, growing at a CAGR of 3.7% between 2016 and 2021. In terms of volume, the global medium molecular weight polyisobutylene market stood at 149.68-kilo tons in 2015.
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Medium molecular weight polyisobutylene is a non-toxic substance. It possesses properties such as excellent adhesion, moisture resistance and the high degree of elongation. Medium molecular weight polyisobutylene has a standard molecular weight, between 40,000 to 120,000 g/mol. It is widely used in adhesives, gum base, lubricants, sealants and others.
The medium molecular weight polyisobutylene market is primarily driven by rapidly growing demand for adhesives and sealants in various end-applications across the globe. Rising need for medium molecular weight polyisobutylene in the lubricating oil is likely to augment the medium molecular weight polyisobutylene market in the near future. However, stringent regulations imposed on medium molecular weight polyisobutylene owing to possible hazards to aquatic creatures may limit the growth of medium molecular weight polyisobutylene market. Nonetheless, rising demand for chewing gum is expected to serve new opportunities for the players of the market of medium molecular weight polyisobutylene over the years to come.
Medium molecular weight polyisobutylene finds applications in the gum base, adhesives, sealants, lubricants, and other applications. Adhesives dominated the global medium molecular weight polyisobutylene market in 2015. It accounted for over 40.0% share in the medium molecular weight polyisobutylene market. This trend is expected to continue within the forecast period owing to the extensive usage of adhesives in different industrial applications such as construction, automotive, etc.
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Moreover, the sealant was the second largest segment of the global medium molecular polyisobutylene market in the same year. Lubricants segment is estimated to be the fastest growing segment over the coming years owing to the strong demand for medium molecular weight polyisobutylene based lubricant in automotive and bio-medical sector across the globe.
Asia Pacific represented the largest medium molecular weight polyisobutylene market in 2015. It accounted for about 23.0% share of the total market owing to the high growth in end-user sectors such as automobile manufacturing in countries like India and China. Moreover, it is also expected to be the fastest growing market with CAGR of 5.9% over the forecast period. Europe was the second-largest regional segment of the medium molecular weight polyisobutylene market in 2015, followed by North America. The market growth in Europe was primarily driven by rising demand for pharmaceutical packaging. Furthermore, the medium molecular weight polyisobutylene market in Latin America and the Middle East & Africa is likely to register the lucrative growth within the forecast period due to the expansion in real estate and infrastructure industries.
Some of the leading key players for the polyisobutylene are Exxon Mobil Corporation, Lanxess, Infineum International Limited, TPC Group, INEOS, Chevron Oronite Company LLC, Kothari Petrochemicals, BASF SE, Zhejiang Shunda New Material Co., Proteux Corp, Shandong Hongrui Petrochemical Co., Ltd and Mayzo among others.
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This report segments the global medium molecular weight polyisobutylene market as follows:
Medium Molecular Weight Polyisobutylene Market: Application Analysis
- Gum Base
- Others (including bitumen modification, etc.)
Medium Molecular Weight Polyisobutylene Market: Regional Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East & Africa
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