North America 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: 86    |    Report Code: TIPRE00014207    |    Category: Chemicals and Materials

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North America Polyisobutylene Market
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The North America polyisobutylene market is expected to reach US$ 1,290.0 million by 2028 from US$ 943.2 million in 2021. The market is estimated to grow at a CAGR of 4.6% from 2021 to 2028.


The automotive industry has been the key market for several types of fuel additives for many years. The share for automobiles has continuously been higher than that of the other fuel additives market segment due to the lack of efficient fossil fuel alternatives and an increasing middle-class economy. The relative importance of aviation for fuel additives has boosted in recent years, ultimately mounting the demand for polyisobutylene. Moreover, increasing use of polyisobutylene-based butyl rubber in developing automobile parts including gaskets, hosepipes, and window strips due to superior thermal stability, flexibility, and improved oxidation resistance is expected to fuel the demand in automotive sector over the forecast period.

 

The U.S has the highest number of confirmed cases of coronavirus, as, compared to Canada and Mexico. This is likely to impact the chemical and materials industry in the region as, due to the COVID-19 outbreak, the supply chain is likely to get affected. In addition, the overall manufacturing processes, research, and development activities will also impact market growth.

 

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 North America polyisobutylene market is expected to grow at a good CAGR during the forecast period.

 

 North America Polyisobutylene Market Revenue and Forecast to 2028 (US$ Million)

 

 

North America 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

  • North America
  • US
  • Canada
  • Mexico

Companies Mentioned

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

The List of Companies - North America 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      
Frequently Asked Questions
How big is the North America Polyisobutylene Market?

The North America Polyisobutylene Market is valued at US$ 943.2 Million in 2021, it is projected to reach US$ 1,290.0 Million by 2028.

What is the CAGR for North America Polyisobutylene Market by (2021 - 2028)?

As per our report North America Polyisobutylene Market, the market size is valued at US$ 943.2 Million in 2021, projecting it to reach US$ 1,290.0 Million by 2028. This translates to a CAGR of approximately 4.6% during the forecast period.

What segments are covered in this report?

The North America 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 North America Polyisobutylene Market?

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

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

    The North America 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
    • Who should buy this report?

    The North America 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 North America Polyisobutylene Market value chain can benefit from the information contained in a comprehensive market report.

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