Medium Molecular Weight Polyisobutylene Market 2015 Medium Molecular Weight Polyisobutylene Market | Page 2

Adhesives was the largest application segment of the global medium molecular
weight polyisobutylene market, accounting for over 40% share in 2014. It is also
estimated to be the fastest-growing segment during the forecast period due to its
increasing usage in pressure sensitive adhesives, roofing sealants, and cable
glazing applications. Medium Molecular weight polyisobutylene is an important
component in hot melt adhesive and polymer based adhesives formulations. Hot
melt adhesives and polymer-based adhesives are used in panel lamination in the
automobile industry. Growth of the automobile industry is projected to drive the
medium molecular weight polyisobutylene market in the next few years.
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Growth in Chemical Industry to Seal Asia Pacific’s Dominance as Leading
PTFE Market
In terms of region, Asia Pacific dominated the medium molecular weight
polyisobutylene market in 2014. It is also expected to be the fastest growing
regional segment during the forecast period. Europe was the second-largest
regional segment of the medium molecular polyisobutylene market in 2014,
followed by North America. The medium molecular weight polyisobutylene market in
Latin America and Middle East & Africa is likely to expand significantly during the
forecast period. Global sales of medium molecular weight polyisobutylene declined
during 2008 and 2009 due to the economic slowdown; however, the business
revived in 2010. The market has been expanding since then.
Key players operating in the medium molecular weight polyisobutylene market
include BASF SE, Zhejiang Shunda New Material Co., JX Nippon Oil & Energy
Corporation, and Shandong Hongrui Petrochemical Co., Ltd.
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