Polybutene-1 Market Size by Product Grade (Extrusion Grade, Injection Molding Grade, Blow Molding Grade), and Application (Plumbing System, Packaging System, Hot Melt Hot Melt Adhesives), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: May 2020  |  Report ID: GMI4669  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 105   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Polybutene-1 Market size was USD 375.6 million in 2019 and will grow at a CAGR of 2.4% from 2020 to 2026. Increasing production demand from plumbing systems and easy-peel packaging across the globe will drive the market growth during forecast period.
 

Polybutene-1 Market Statistics

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Polybutene-1 is a member of polyolefin polymers family and it is consumed in various end-use industries owing to its unique properties. The polybutene-1 market share is highly isotactic thermoplastic with expectational thermal, mechanical, and chemical resistance properties. These properties make it ideal for certain applications such as pressurized cold & hold water piping.
 

The product is used in various customer applications such as film medication, hot melt adhesives, easy-open packaging, hot water tanks, and piping systems. It has outstanding creep resistance and flexibility over wide temperature range; thus, it is majorly used in piping system.
 

The product is the primary raw material in production of PB-1 piping system and easy-peel packaging.  Piping demand has been increasing due to rapidly increasing urbanization across the world. Rapid urbanization has created tremendous opportunity for polybutene-1 market in Asia Pacific and Latin America. Furthermore, phasing out of traditional building and construction materials has raised the demand for new materials with superior characteristics.
 

For instance, in high rise building, plumbing engineers are considering new materials for piping systems due to elevated pressure and additional forces. Conventional designs and materials are often not adequate for such conditions. Thus, in European nations plastic plumping products have witnessed rapid penetration and are hence replacing traditional metal components over last few decades.
 

The polybutene-1 market outlook is expected to be driven by demand from polymer convertors. High demand growth and lack of capacity expansion shall drive higher capacity utilization, increasing the supply of product during the forecast period.
 

Polybutene-1 has major application in easy-peel packaging or seal-open packaging. Easy-opening packaging largely used for cartons liners, pre-packed products such as cheeses, meat, fish, cereals, etc. Consumers have various requirement towards food packaging and other easy open packaging. Busy lifestyle of consumers along with demand for ready to eat meals has created tremendous demand for easy-open packaging. Increasing packaging demand shall drive the polybutene-1 market application in easy peel packaged products during forecast period.
 

Growing end use industries such as packaging, plumbing, etc., shall drive the polybutene-1 market demand over forecast period. However, even though product prices remained stable last few years, they are highly susceptible to raw material prices. Prices depend on feedstock material butene-1 and tight supply of butene-1 can increase the product prices exponentially. Furthermore, there are only five manufacturers in the world that produces the product.
 

Global polybutene-1 market is oligopolistic in nature where handful of manufacturers have total dominance over production capacity. However, regional markets can be monopolistic in nature, where one producer has total control over regional market. For instance, in Europe LyondellBasell is sole product manufacturer with highest production capacity in the world. The company supply Polybutene-1 to regional PB-1 end use product manufacturers.
 

Polybutene-1 is a very promising product. However, it has been facing some legal challenges in North America. Stringent regulatory environment in North America poses a great challenge to overall polybutene-1 market growth potential, particularly for plumbing application. Monopolistic nature of market can attract newcomers thus, decreasing dominance over market of current players.
 

Polybutene-1 Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 375.6 Million (USD)
Historical Data for: 2016 to 2019 Forecast Period: 2019 to 2026
Forecast Period 2019 to 2026 CAGR: 2.4% 2026 Value Projection: 392.3 Million (USD)
Pages: 105 Tables, Charts & Figures: 102
Geographies covered (6): U.S., Canada, Germany, UK, China, Mexico,
Segments covered: Product Grade, Application, Region
Companies covered (5): LyondellBasell, Mitsui Chemicals, Ylem Technology, Shandong Hongye Chemical, Shandong Tengzhou Rida Chemical Co., Ltd.
Growth Drivers:
  • Rapid construction growth in Asia Pacific
  • Increasing polymer penetration in plumbing application in Europe
  • Strong demand for easy open packaging around the world
  • Rising hot-melt adhesives from end use industries
  • Strong demand from PP and PE producers
Pitfalls & Challenges:
  • Raw material price fluctuations

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Piping demand shall drive extrusion grade growth in coming

Polybutene-1 Market by Grade

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On the basis of product grade, it is segmented into injection molding grade, blow molding grade and extrusion grade. Extrusion grade has witnessed strong growth over the years due to rising PB-1 piping product penetration in Europe and Asia Pacific market. Extrusion grade is also dominating the polybutene-1 market segment and shall grow with 2.5% CAGR by revenue during forecast period.
 

Product application in piping & industry is witnessing rapid growth owing to increasing building & construction activities in Asia Pacific and the Middle East. Piping system manufactured from product has competitive advantage over traditional materials and other polyolefin polymers thus driving the polybutene-1 market demand from plumbing industry.
 

Readymade meals demand shall drive easy peel packaging growth

 Polybutene-1 Market by Application

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Product finds very promising application in packaging industry in form of easy-peel or easy-open packaging. Polybutene-1 market demand is growing with the increasing consumption of packaged goods. Packaging business has grown significantly over the years owing to rising demand for easy-to cook packaged food and busy life of consumers.
 

Moreover, easy-open packaging allows consumers to handle product safely along with giving that easiness in package opening without leaving in residue. Polybutene-1 market for packaging segment will account for over 25% revenue share in 2026. Robust packaging demand from Asia Pacific shall prominently drive product growth on account of growing population and rapid urbanization.
 

Europe to hold prominent share in global polybutene-1 market

  Polybutene-1 Market by Region

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Europe accounted for more than 30% market share by revenue in 2019. The region has the largest polybutene-1 production plant with more than 65 kilo ton per annum production capacity. Europe has large number of product manufacturers with significant dominance over global supply.
 

Strong position of polybutene-1 market in Europe is attributed to strategic alliance of end product manufacturers and raw material producer, integrated supply chain and penetration of PB-1 products in various application. In Europe, PB-1 piping and plumbing products shall witness increased demand due to phasing out of traditional materials.
 

Product innovation shall drive product demand from new end use industries

LyondellBasell largest producer of Polybuten-1 in the world also leading in research and development front. For instance, the company has introduced new product “Purell KT MR 07”, the first polybutene-1 resin for healthcare application including IV bags and medical tubing. The company has the largest polybutene-1 production plant in world and supplies to various pipe & plumbing systems manufacturers in Europe and other regions.
 

Market is highly concentrated with only five manufacturers in the world. Major players involved in the polybutene-1 industry are Lyndollbessel, Mitsui Chemicals, Ylem Technology, Shandong Hongye Chemical and Shandong Tengzhou Rida Chemical Co., Ltd.
 

The Polybutene-1 market report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2026, for the following segments:

By Grade

  • Extrusion Grade
  • Injection molding grade
  • Blow molding grade

By Application

  • Plumbing system
  • Packaging system
  • Hot melt adhesives
  • Others

The above information is provided on a regional and country basis for the following:

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
  • Latin America
    • Mexico
  • Middle East & Africa

 

Frequently Asked Questions (FAQ) :

According to the report published by Global Market Insights Inc., the Polybutene-1 business is supposed to attain $392.3 million by 2026.
Rapid construction growth, increasing polymer penetration in plumbing application, strong demand for easy open packaging around the world, rising hot-melt adhesives from end use industries, and strong demand from PP and PE producers are major key factors expected to drive the growth of global market.
LyondellBasell, Mitsui Chemicals, Ylem Technology, Shandong Hongye Chemical, Shandong Tengzhou Rida Chemical Co., Ltd. are some of the top contributors in the industry.
The extrusion grade segment registered a major share in 2019 and is anticipated to record a remarkable growth rate throughout the forecast period.

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Premium Report Details

  • Published Date: May 2020
  • Pages: 105
  • Tables: 90
  • Charts / Figures: 12
  • Companies covered: 5
  • Countries covered: 6

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