Asia Pacific Polyisobutylene Market

Historic Data: 2019-2020   |   Base Year: 2021   |   Forecast Period: 2022-2028

Analysis By Molecular Weight (Low, Medium, and High), Product (Conventional PIB, and Highly Reactive PIB), Application (Tires, Industrial Lubes and Lube Additives, Fuel Additives, Adhesives and Sealants, and Others), End User Industry (Industrial, Food, and Others)

No. of Pages: 98    |    Report Code: TIPRE00014211    |    Category: Chemicals and Materials

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Asia Pacific Polyisobutylene Market
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Market Introduction


Polyisobutylene (PIB) is a gas-impermeable synthetic rubber manufactured and used globally to produce chewing gums, cling-film, fuel additives, sealants, adhesives, and lubricants. The demand for polyisobutylene is on the rise on account of increasing consumption of end products such as adhesives, sealants, asphalts, etc. The increased consumption of polyisobutylene in the developed and developing regions is expected to provide a growth opportunity for the polyisobutylene market over the forecast period.

Moreover, the automotive industry to boost the market growth is driving the market’s growth. However, environmental impact and presence of alternatives/substitutes to critically impacts the growth of the market.

The COVID-19 is anticipated to cause a loss of more than 3 billion in the Asia Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the coronavirus (COVID-19) outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are anticipated to negatively impact market growth in the coming period. Till now, China has the highest number of COVID -19 confirmed cases.
 


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Asia Pacific Polyisobutylene Strategic Insights

Strategic insights for the Asia Pacific Polyisobutylene provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

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Asia Pacific Polyisobutylene Report Scope

Report Attribute Details
Market size in 2021 US$ 799.3 Million
Market Size by 2028 US$ 1,108.9 Million
Global CAGR (2021 - 2028) 4.8%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Molecular Weight
  • Low
  • Medium
  • High
By Product
  • Conventional PIB
  • Highly Reactive PIB
By Application
  • Tires
  • Industrial Lubes and Lube Additives
  • Fuel Additives
  • Adhesives and Sealants
By End User Industry
  • Industrial
  • Food
Regions and Countries Covered Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
Market leaders and key company profiles
  • BASF SE
  • Braskem S.A.
  • Daelim Industrial Petrochemical Division
  • Ineos AG
  • Infineum International Limited
  • The Lubrizol Corporation
  • TPC Group
  • Kothari Petrochemicals
  • Sibur Holding PJSC
    		•
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    Asia Pacific Polyisobutylene Regional Insights

    The geographic scope of the Asia Pacific Polyisobutylene refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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    Market Overview and Dynamics
    The Asia Pacific polyisobutylene market is expected to reach US$ 1,108.9 million by 2028 from US$ 799.3 million in 2021. The market is estimated to grow at a CAGR of 4.8% from 2021–2028. Urbanization is considered as just one of the international megatrends shaking up the construction industry. The population of the Asia Pacific urban zones is raising by 200,000 people per day, all of whom need reasonably priced housing as well as transportation, social and utility infrastructure. In such challenges, the construction industry is practically under a moral compulsion to transform. Its transformation is impacting elsewhere on the wider society, by reducing construction costs and by enlightening the use of scarce materials or by making buildings more eco-efficient and boosting economic development and by narrowing the Asia Pacific infrastructure gap. Utilization of polyisobutylene in owing to demand for material with high melt flow rates, greater elongation, as well as enhanced impact strength. Increasing infrastructure demand in the evolving economies on account of developing road infrastructure, increase in per capita ownership of houses and rising spending capacity is expected to affect the construction sector in the region, which in turn will drive the demand for polyisobutylene in Asia Pacific.

    Key Market Segments


    In terms of product, the highly reactive PIB segment accounted for the largest share of the Asia Pacific polyisobutylene market in 2020. In terms of molecular weight, the high segment accounted for the largest share of the Asia Pacific polyisobutylene market in 2020. In terms of application, the industrial lubes and lube additives segment accounted for the largest share of the Asia Pacific polyisobutylene market in 2020. In terms of end user, the industrial segment accounted for the largest share of the Asia Pacific polyisobutylene market in 2020.

    Major Sources and Companies Listed


    A few major primary and secondary sources referred to for preparing this report on the polyisobutylene market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are BASF SE, Braskem S.A., Daelim Industrial Petrochemical Division, Ineos AG, Infineum International Limited., Kothari Petrochemicals, Sibur Holding PJSC, The Lubrizol Corporation, and TPC Group.
     

    Reasons to Buy Report


    • To understand the Asia Pacific polyisobutylene market landscape and identify market segments that are likely to guarantee a strong return
    • To comprehend the ever-changing market landscape and stay ahead in competition
    • To efficiently plan merger and acquisition, and partnership deals in the Asia Pacific polyisobutylene market by identifying segments with the most promising probable sales
    • To make knowledgeable business decisions from perceptive and comprehensive analysis of the market performance of various segments
    • To obtain market revenue forecast of the Asia Pacific polyisobutylene market based on various segments for the period 2021–2028

    ASIA PACIFIC POLYISOBUTYLENE MARKET SEGMENTATION


     


    By Molecular Weight


    • Low
    • Medium
    • High

    By Product


    • Conventional PIB
    • Highly Reactive PIB

    By Application


    • Tires
    • Industrial Lubes and Lube Additives
    • Fuel Additives
    • Adhesives and Sealants
    • Other Application

    By End User


    • Industrial
    • Food
    • Others

    By Country


    • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific 

    Companies Mentioned


    • BASF SE
    • Braskem S.A.
    • Daelim Industrial Petrochemical Division
    • Ineos AG
    • Infineum International Limited
    • The Lubrizol Corporation
    • TPC Group                     
    • Kothari Petrochemicals
    • Sibur Holding PJSC
    Identical Market Reports with other Region/Countries

    The List of Companies - Asia Pacific Polyisobutylene Market

    1. BASF SE
    2. Braskem S.A.
    3. Daelim Industrial Petrochemical Division
    4. Ineos AG
    5. Infineum International Limited
    6. The Lubrizol Corporation
    7. TPC Group      
    8. Kothari Petrochemicals
    9. Sibur Holding PJSC
    Frequently Asked Questions
    How big is the Asia Pacific Polyisobutylene Market?

    The Asia Pacific Polyisobutylene Market is valued at US$ 799.3 Million in 2021, it is projected to reach US$ 1,108.9 Million by 2028.

    What is the CAGR for Asia Pacific Polyisobutylene Market by (2021 - 2028)?

    As per our report Asia Pacific Polyisobutylene Market, the market size is valued at US$ 799.3 Million in 2021, projecting it to reach US$ 1,108.9 Million by 2028. This translates to a CAGR of approximately 4.8% during the forecast period.

    What segments are covered in this report?

    The Asia Pacific Polyisobutylene Market report typically cover these key segments-

    • Molecular Weight (Low, Medium, High)
    • Product (Conventional PIB, Highly Reactive PIB)
    • Application (Tires, Industrial Lubes and Lube Additives, Fuel Additives, Adhesives and Sealants)
    • End User Industry (Industrial, Food)

    What is the historic period, base year, and forecast period taken for Asia Pacific Polyisobutylene Market?

    The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Polyisobutylene Market report:

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
    • Who are the major players in Asia Pacific Polyisobutylene Market?

    The Asia Pacific Polyisobutylene Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:

  • BASF SE
  • Braskem S.A.
  • Daelim Industrial Petrochemical Division
  • Ineos AG
  • Infineum International Limited
  • The Lubrizol Corporation
  • TPC Group
  • Kothari Petrochemicals
  • Sibur Holding PJSC
    • Who should buy this report?

    The Asia Pacific Polyisobutylene Market report is valuable for diverse stakeholders, including:

    • Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
    • Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
    • Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
    • Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
    • Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.

    Essentially, anyone involved in or considering involvement in the Asia Pacific Polyisobutylene Market value chain can benefit from the information contained in a comprehensive market report.

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