Market Summary of Polyisobutylene (PIB)

Global Polyisobutylene (PIB) market size will touch US$ 3 billion by 2023, from US$ 2 billion in 2018, indicating a CAGR of 7.3 % during the forecast period.

PIB is synthetic rubber or elastomers. It is the only rubber that is gas impermeable and can hold air for long periods of time.

It plays an important role in the number of applications, due to its inherent properties like thermal stability, good flexibility at ambient temperature, and impermeability to gases. The growing demand for PIB-based fuel additives will drive the growth prospects for the global PIB market until the end of 2021.

PIB is used in Lubricants, Adhesives, Sealants, Greases, Oil Additives and automotive rubber components.

North America is the largest producing region of PIB while in the Middle East is the smallest producing region. On the other hand, North America is the largest consuming region while South America is the smallest consuming region.

The major global manufacturers of PIB are BASF, Daelim Industries, INEOS, Texas Petrochemicals LP (TPC) Group, The Lubrizol Corporation, Chevron Oronite Company LLC, HC Kothari Petrochemicals Ltd, etc

This report covers the global scenario on PIB Industry, Region-wise Supply Demand Analysis and Future Demand Projections for the Africa, South America, North America, Indian Subcontinent, North East Asia, China, South East Asia, Middle East, Europe and Australia. For Indian scenario this report covers major producers, Supply, Demand, Market Drivers and Future Projection.