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Global Highly Reactive Polyisobutylene (HR-PIB) Market

Submitted by pallavis on Sat, 06/12/2021 - 06:26

Global Highly Reactive Polyisobutylene (HR-PIB) Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at 5.1% through 2020 to 2026, reaching nearly US$ XX Mn.

The global Highly Reactive Polyisobutylene (HR-PIB) market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Highly Reactive Polyisobutylene (HR-PIB) report also provides trends by market segments, technology, and investment with a competitive landscape.
Global Highly Reactive Polyisobutylene (HR-PIB) Market Overview:

The global highly reactive polyisobutylene market is expected to grow at a rapid pace during the forecast period because of growing product demand from the construction, automotive, and medical packaging industry.
Global Highly Reactive Polyisobutylene (HR-PIB) Market Dynamics:

Highly reactive polyisobutylene finds applications in the construction industry as adhesives & sealants thanks to its stability and tackiness. Favourable properties of products including high degree elongation, moisture resistance, and good adhesion properties to multiple substrates make it useful for sealants. The growing construction industry is a key factor driving the global highly reactive polyisobutylene (HR-PIB) market growth thanks to increased product use in sealants and adhesives in damp proofing and roof repair.

For example, adhesives are used in partitions and roofing, flooring, insulation, panel, partitions, whereas sealants are used in facades, fire protection, and IG units, among others. Additionally, the rising automotive industry is further propels the market demand. Highly reactive polyisobutylene is also used in manufacturing inner liners of tires because of its impermeable nature. It is also used in the production of tubeless tires which are more durable.

Stringent government rules formed by regulatory bodies are expected to hinder the highly reactive polyisobutylene market size during the forecast period. For example, a product is used as a lubricant in ship engines polluted water leading to polluting water bodies which affect aquatic life by causing death and genetic alternation in the long run. Furthermore, rising demand from the construction and automotive industry is creating lucrative opportunities for the market.
Global Highly Reactive Polyisobutylene (HR-PIB) Market Segment Analysis:

By Molecular Weight, the highly reactive polyisobutylene (HR-PIB) market is segmented into high, medium, and low. The low molecular weight segment is expected to witness significant growth at a CAGR of over 4.4% for the highly reactive polyisobutylene market during the forecast period. This growth is attributed to increasing application as a reactionary intermediate like lubricant additive manufacturing. Low molecular weight highly reactive polyisobutylene viscosity is approximately 225 mm2/s at 100 degrees C.

Global Highly Reactive Polyisobutylene (HR-PIB) Market 1

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By Application, the market is segmented into automotive, additives, others.

Global Highly Reactive Polyisobutylene (HR-PIB) Market
Global Highly Reactive Polyisobutylene (HR-PIB) Market Regional Insights:

North America is dominating the Global Highly Reactive Polyisobutylene (HR-PIB) Market

North America is expected to grow at a CAGR of more than 4.5% during the forecast period thanks to rising growth in the construction, automotive, and medical packaging industry. Beneficial characteristics of the product including low permeability to air, moisture, gases, and chemical resistance. Thereby, it is preferred in manufacturing a range of medical packaging applications like injectables, saline bottles, and seals, and serum vials are contribute to the market growth in North America. Also, the product is widely used as a fuel lubricant additive to enhance the overall performance thanks to its highly reactive nature compared to conventional polyisobutylene these factors are expected to drive the market demand during the forecast period.
Asia Pacific is expected to dominate the Global Highly Reactive Polyisobutylene (HR-PIB) Market

Strong product demand across the automotive industry primarily in the Asia Pacific has expected to boost the highly reactive polyisobutylene market size during the forecast period. This growth is attributed to rising population coupled with increasing socio-economic factors in the region which fueling the automotive industry and subsequently propelling tire & tube industry demand.

Global Highly Reactive Polyisobutylene (HR-PIB) Market 2

The objective of the report is to present a comprehensive analysis of the Global Highly Reactive Polyisobutylene (HR-PIB) market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

Porter, svor, pestel analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Highly Reactive Polyisobutylene (HR-PIB) market dynamics, structure by analyzing the market segments and project the Global Highly Reactive Polyisobutylene (HR-PIB) market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Highly Reactive Polyisobutylene (HR-PIB) market make the report investor’s guide.

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Global Highly Reactive Polyisobutylene (HR-PIB) Market 3
Global Highly Reactive Polyisobutylene (HR-PIB) Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Highly Reactive Polyisobutylene (HR-PIB) Market Key Players

• TPC Group
• RB Products, Inc.
• BASF SE
• PETRONAS
• Janex
• Lanxess
• Kothari Petrochemicals
• Zhejiang Shunda New Material Company Ltd.
• Mayzo
• Jinzhou Snda Chemical Co., Ltd.
• Ningbo Hi-Tech Biochemicals Co., Ltd.
• Shanghai Minglan Chemical Co., Ltd.
• Jinzhou Snda Chemical Co., Ltd.
• Weifang Binhai Petro-chem Co., Ltd.
• Shandong Hongrui New Material Technology Co., Ltd.
• Others

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