Polyisobutylene Market Sales Strategy, Revenue Generation |Top 10 Key Players &Posted by Priya on July 25th, 2018 Polyisobutylene Market Overview to 2023 Polyisobutylene (PIB) is also known as butyl rubber. It is a synthetic rubber produced by cationic vinyl polymerization of monomer isobutylene. PIB possess various superior properties such as thermal stability, low permeability to gases, dielectric, chemical resistance, tackiness, and non-toxicity. It finds application in tires & tubes, adhesives, sealants, lubricants, electrical insulation, and stretch wrap. Global top 10 Key Players Some of the key players in the global polyisobutylene market are LANXESS (Germany), BASF SE (U.S.), DAELIM (South Korea), TPC Group (U.S.), Exxon Mobil Corporation (U.S.), Lubrizol Corporation (U.S.), INEOS (UK), JXTG Nippon Oil & Energy Corporation (Japan), Infineum International Limited (Singapore), and Chevron Oronite Company LLC (U.S.) Get your sample report now @ https://www.marketresearchfuture.com/sample_request/5911 Intended Audience
The product consumption is rising in the electrical industry with growing the demand for consumer electronic products such as smart TV, wireless speakers, and home appliances. Growing construction industry along with improving living standard and rising per capita income of the consumers are significantly driving the market growth. The demand for PIB is increasing from the healthcare industry due to non-toxicity and non-skin resistant properties. Regional Analysis Asia Pacific was largest polyisobutylene market in 2016 across the globe and is expected to grow at a significant rate during the review period. Moreover, rapidly expanding automotive industry in the emerging economies such as India, China, and Thailand coupled with rising disposable income of the consumers is driving the market growth. For instance, according to the Indian Brand Equity Foundation, sales of a passenger vehicle in India is expected to witness a CAGR of 11% during 2016-2026. Additionally, PIB consumption is increasing in the construction industry as a result of growing investment in the infrastructural activities in this region. Browse complete report now @ https://www.marketresearchfuture.com/reports/polyisobutylene-market-5911 North America and Europe are prominent regions for the polyisobutylene market with reviving automotive industry in this region. Prevalence of major automotive players such as General Motors, Ford, and Tesla are propelling the market growth in these regions. Additionally, growing demand for electronic devices in vehicles, pharmaceuticals, and home appliances is likely to bolster the growth of PIB market further. Latin America and the Middle East & Africa are likely to experience rapid growth in the polyisobutylene market owing to increasing demand for the automobiles, especially in Brazil & Mexico and the UAE. Segmentation The global polyisobutylene market is segmented into molecular weight, grade, applications, and region. On the basis of the molecular weight, the PIB market is bifurcated into low & medium and high, Based on the grade, the market is segmented into conventional PIB and highly reactive (HR) PIB. By the application, the market is segregated into tire & tubes, adhesives, sealants, lubricants, electrical insulation, and stretch wrap. Like it? Share it! More by this author |