TMRReportsMagazine2017 Polyisobutylene Market To Be Worth Us$6.39 By 2025 | Page 2

Polyisobutylene Market
REPORT DESCRIPTION
Polyisobutylene Market - Global Industry Analysis Size Share
Growth Trends and Forecast 2017 – 2025
Transparency Market Research, as per one of its recent reports, observes the global polyisobutylene (PIB)
market to be highly consolidated with a handful of multinational players that operate globally and occupy
leading shares. However, the scenario is expected to change with the emergence of aspiring players from Asia
that may alter the market share of leading players.
BASF SE, The Lubrizol Corporation, TPC Group Inc., INEOS Group Ltd, Kothari Petrochemicals Limited, and
Shandong Hongrui Petrochemical Co. Ltd. are to name some of the key companies operating in the global
polyisobutylene market. Expansion of core products and divesting from other products is on the cards of
businesses to strengthen their presence in the market. TPC Group Inc., for example, sold its Baytown operations
of manufacture of nonene, tetramer, and other propylene derivatives to SI Group. This is to help the company
focus on its core businesses such as polyisobutylene.
Another noticeable trend observed in the global polyisobutylene market is players vying for capacity expansion.
The well-entrenched players are engaged in capacity expansion for higher output of core business products so as
to meet the rising demand from end-use industries.
As per estimates by a report by Transparency Market Research, the global polyisobutylene market is expected
to expand at a CAGR of 5.6% between 2017 and 2025 for the market to be worth US$6.39 bn by 2025
increasing from US$3.92 bn in 2016.
Browse Market Research Report @ http://www.transparencymarketresearch.com/polyisobutylene-
market.html
Tires and Tubes Application Segment to Remain Dominant
The segments of the global polyisobutylene market classified based upon molecular weight are low, medium,
and high. High molecular weight PIB, amongst all, was the clear leader in 2016 with a whopping 70% market
share. On the other hand, medium molecular weight segment is set to rise with the rising demand for lubricants
with the booming automobiles and manufacturing industries.
Tires and tubes stood as the leading application segment accounting for more than 45% of the market in terms
of volume. In the upcoming years, the segment is expected to continue its dominance on the back of continual
Transparency Market Research
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