Middle East and Africa 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: 79    |    Report Code: TIPRE00014209    |    Category: Chemicals and Materials

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Middle East and Africa Polyisobutylene Market
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The Middle East & Africa polyisobutylene market is expected to reach US$ 168.5 million by 2028 from US$ 130.0 million in 2021. The market is estimated to grow at a CAGR of 3.8% from 2021–2028.

 

Demand for polyisobutylene in Middle East & Africa market is expected to grow on account of presence of established leading automotive manufacturers such as Tesla Inc. and Ford Motors which are focused on research and development activities. Moreover, numerous cosmetics and personal care companies like Procter and Gamble, Maybelline, Colgate-Palmolive, Unilever, Avon, Johnson & Johnson present in the region are also expected to create lucrative opportunities for the manufacturers operating in the polyisobutylene market. Increasing investments by petrochemical giants in research and development activities for innovative eco-friendly products is likely to accelerate the market growth in the region. Additionally, increasing demand for packaging in the pharmaceutical industry to preserve the effectiveness of drugs is projected to augment market growth over the forecast period. Demand for polyisobutylene in the manufacturing hubs is expected witness a substantial growth owing to increasing investments by the petrochemical companies.

 

Saudi Arabia has the largest COVID-19 cases in the Middle East and Africa region, and is followed by South Africa and UAE, among others. UAE was the first country in Middle East and Africa to report a confirmed case of coronavirus. The government of MEA is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. Such closures are anticipated to negatively impact market growth in the coming period.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the polyisobutylene market. The Middle East & Africa polyisobutylene market is expected to grow at a good CAGR during the forecast period.

 

Middle East & Africa Polyisobutylene Market Revenue and Forecast to 2028 (US$ Million)

 

 

Middle East & Africa 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

  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa

Companies Mentioned

  • BASF SE
  • Braskem S.A.
  • The Lubrizol Corporation
  • TPC Group  
  • Kemat Polybutenes
Identical Market Reports with other Region/Countries

The List of Companies - Middle East and Africa Polyisobutylene Market

  1. BASF SE
  2. Braskem S.A.
  3. The Lubrizol Corporation
  4. TPC Group      
  5. Kemat Polybutenes
Frequently Asked Questions
How big is the Middle East and Africa Polyisobutylene Market?

The Middle East and Africa Polyisobutylene Market is valued at US$ 130.0 Million in 2021, it is projected to reach US$ 168.5 Million by 2028.

What is the CAGR for Middle East and Africa Polyisobutylene Market by (2021 - 2028)?

As per our report Middle East and Africa Polyisobutylene Market, the market size is valued at US$ 130.0 Million in 2021, projecting it to reach US$ 168.5 Million by 2028. This translates to a CAGR of approximately 3.8% during the forecast period.

What segments are covered in this report?

The Middle East and Africa 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 Middle East and Africa Polyisobutylene Market?

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

  • Historic Period : 2019-2020
  • Base Year : 2021
  • Forecast Period : 2022-2028
    • Who are the major players in Middle East and Africa Polyisobutylene Market?

    The Middle East and Africa 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.
  • The Lubrizol Corporation
  • TPC Group
  • Kemat Polybutenes
    • Who should buy this report?

    The Middle East and Africa 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 Middle East and Africa Polyisobutylene Market value chain can benefit from the information contained in a comprehensive market report.

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