Polybutene-1 Market Analysis

Polybutene-1 Market Analysis

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.
 

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 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.