TMRReportsMagazine2017 Polyisobutylene Market To Be Worth Us$6.39 By 2025 | Page 3

Polyisobutylene Market
growth of the global automotive industry.
From a regional perspective, Asia Pacific presently dominates the global polyisobutylene market followed by
North America and Europe.
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Automotive Industry Ramps Polyisobutylene Demand
One of the key growth factors of the global polyisobutylene market is the thriving automotive industry, which
has been expanding significantly in Asia Pacific, Latin America, and the Middle East and Africa. This is
because polyisobutylene is majorly used in the manufacture of tire linings and tubeless tires, which are essential
components of the automotive industry. The global tire market is expected to rise at a CAGR of over 4%
between 2017 and 2025, is expected to have a positive bearing on the development of polyisobutylene market.
Another factor stoking growth of the market is on account of use of polyisobutylene as an additive in the
manufacture of various lubricant oils and motor fuels. Also, PIB when added to diesel oil benefits the
environment in terms of reducing hydrocarbons and particulate emissions. Furthermore, PIB when added to
lubricants improves viscosity and extreme pressure resistance of products.
However, the growth of the global polyisob