Global Polybutene Market was valued US$ XX Mn in 2019 and is expected to grow around US$ XX Mn by 2027, at a CAGR of 4.7% during the forecast period.
Global Polybutene Market
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Polybutene is a polymer that is derived from isobutylene. Polybutene is a colorless, odorless, and tasteless pale yellow viscous liquid. It is segregated based on grades by characteristics, like molecular weight and the grades with high molecular weight are known to have increased viscosity. Polybutene, also known as a liquid oligomer, is available in various grades in the market. It is used as a plasticizer for high molecular weight polymers, like polyethylene, lubricants, carriers, and others.
The demand for polybutene from the end-use industries all over the world is the key driving factor for the growth of the global polybutene market. The profitable properties of polybutene have dragged the attention of producers across the global market for numerous applications. Thus, polybutene is expected to experience high growth in the future. The Asia Pacific is one of the main developing markets worldwide, because of the high demand from the petroleum industries in the region. High demand for fuel & lubricant additives and lubricants in the region is driving the market growth of polybutene in the Asia Pacific. For example, Daelim’s Petrochemical Business Division planned to enlarge its highly reactive polybutene plant at Yeosu Industrial Complex in South Korea. The plant presently produces 65,000 tonnes per year of high-reactive polybutene, and Daelim expanded it to 100,000 tonnes per year by November 2016. Through this growth, which is expected to cost USD67.5 million, Daelim hopes to become No. 1 in the global polybutene sector in terms of market share. Daelim could be producing 185,000 tonnes of polybutene per year after the development, superior Germany’s BASF, which currently produces 140,000 tonnes per year.
By application, adhesive based polybutene held the largest market share of the global market in 2018, because it maintains high flexibility at low temperatures. As an adhesive, its main application is binding and packing majorly used in diapers & feminine products. The lubricant segment is expected to witness substantial growth, because of widespread application in automotive and industrial lubrication replacing mineral oil. Polybutene’s unique properties, like good lubricity, hydrophobicity, high film strength, and non-corrosive nature further augments its application as lubricants in end-use industries.
Region-wise, the Asia-Pacific market leads the global polybutene market with substantial market share, thanks to rapid industrialization favoring the end-use industries of polybutene, the market growth is improved by low labor cost and economic growth. Also, China and India government initiative to drive economic growth through innovation is expected to boost polybutene market demand. Additionally, the current trend of capacity increase by global chemical manufacturing companies in developing economies to meet customer demand is certainly influencing the polybutene market growth during the forecast period.
In North America, market demand is impacted positively by the growing application of polybutene in cosmetic & personal care products. Developing consumers grooming habitat have augmented the usage of cosmetic and skin care products in recent years. More, increasing skin diseases across the globe have triggered the global consumption of skincare products. According to the American Academy of Dermatology, it is expected that about 9,500 people are diagnosed with skin cancer in the U.S. every day.
The objective of the report is to present a comprehensive analysis of the Global Polybutene Market including all the stakeholders of the industry. The past and current status of the industry with 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 includes 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 analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Polybutene Market dynamics, structure by analyzing the market segments and project the Global Polybutene Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Polybutene Market make the report investor’s guide.
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Global Polybutene Market, By Application
• Electrical Insulation
• Fuel and Lubricant Additives
Global Polybutene Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Polybutene Market
• BASF SE
• Dongfang Hongye Limited Company
• Lubrizol Corporation
• LyondellBasell Industries Holdings B.V.
• Mitsui Chemicals, Inc.
• TPC Group
• Ylem Technology Co., Ltd.
• KEMAT Polybutenes
• Maharashtra Polybutenes Ltd
• A S Harrison & Co Pty Limited
• Kothari Petrochemicals
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