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Polyisobutylene Market Size, Share and Industry Analysis Report by Type (C-PIB, HR-PIB) and Application (Lube Additives, Fuel Additives, Adhesives & Sealants, Tires), Regional Outlook, Application Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI1137
  • Base Year: 2020
  • Report Format: PDF

Industry Overview

Polyisobutylene market size exceeded USD 2 billion in 2020 and will grow at a CAGR of 5% from 2021 to 2027. Increasing demand for tubeless tires due to durability and low maintenance cost will boost the consumption of polyisobutylene.

Polyisobutylene, also called polyisobutene, is a synthetic rubber or elastomer made from the polymerization of isobutylene. It is a completely saturated aliphatic polymer that has wide acceptance in the commercial sector due to its excellent oxidative stability and gas barrier properties.

Polyisobutylene Market Outlook

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Polyisobutylene is primarily consumed in applications such as tires, tubes, sealants, adhesives, cosmetics, and sports equipment. More than 70% of industrially manufactured polyisobutylene is utilized in the automotive industry; thus, growth in this industry coupled with increasing demand for replacement tires and tubes is expected to drive the polyisobutylene market share during the forecast period.

China is among the largest automobile markets across the world, both in terms of sales and production. By 2040, China is expected to be the industry leader, with 14.5 million autonomous vehicle sales. These trends are likely to boost the adoption of polyisobutylene in automotive industry.

Furthermore, the surging application of polyisobutylene in adhesives and sealants coupled with strong demand in pharmaceutical packaging is projected to spur the demand for PIB in the upcoming years. Major end-user industries of polyisobutylene include construction, paint, agriculture, pharmaceuticals, and surface coatings. However, automotive and construction sectors are the two most potential application areas of polyisobutylene, primarily driven by demand from emerging markets such as India and China.

Polyisobutylene is a versatile polymer that has superior properties, making it highly suitable for food and medical products packaging. Polyisobutylene is now widely used in the field of medical plasters. With its unique properties, such as net structure long chain & macromolecule, repeated pulling, non-irritability, and sticking, it is being developed into a leading material for medicine plasters. Polyisobutylene when mixed with different resins and paraffin waxes can improve the chewing gum quality, making the gum more stable and flexible.

HR-PIB will register the highest growth throughout the assessment period

Polyisobutylene Market by Type

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The C-PIB segment held a market share of over 82.6% in 2020 and is projected to grow at the CAGR of 4.7% from 2021 - 2027. Polyisobutylene is a chemically inert liquid that is colorless, odorless, and viscous. It is non-drying and highly resistant to photodegradation and oxidation. When volatilized or thermally decomposed, it is non-toxic and leaves no residue. However, HR-PIB is projected to grow at the highest CAGR of 6.3%. HR-PIB is a key intermediate in the production of high-performance fuel and lubricant additives, such as fuel dispersants and detergents, for engine oils as well as sludge-prevention additives.

The lube additives segment generated the highest revenue in 2020

Polyisobutylene Market by Application

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In 2020, the lube additives segment dominated the global polyisobutylene market and accounted for 49.1% industry share and is projected to attain a market share of 50.1% by 2027. Lubricant additives made of polyisobutylene have molecular weights of 1,000 to 2,300, whereas metalworking polyisobutylene has molecular weights of less than 1,000. PIBSA, a commonly used dispersant in the lubricant industry, is made from polyisobutylene. To control deposits, sludge formation, and oil thickening, PIBSA is utilized as an ashless dispersant in lubricant formulations.

The other segments include tires, 2--stroke engines, industrial lubes, personal care, etc. The past couple of decades have seen accelerated growth in tire manufacturing, spurred by the increasingly high standards of consumers, OEMs, and government regulators. Tire market drivers include environmental and tire regulations and changes in materials and tire. The rise in passenger & commercial vehicles will boost the adoption of polyisobutylene for tire production.

Rapidly growing product demand in European countries

Polyisobutylene Market by Region

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Europe dominated the global market and accounted for 40.7% of the market in 2020 and is projected to grow at a CAGR of 4.4% during the forecast period. The UK, France, Germany, and Russia are the major consumers of polyisobutylene within the region. Increasing consumption of PIB-based butyl rubber in the production of automobile components, such as hosepipes, gaskets, and window strips, due to its superior flexibility, thermal stability, and improved oxidation resistance will drive the polyisobutylene market growth in the region.

North America polyisobutylene market is projected to grow significantly owing to the growing usage of the product in various end-user industries including automotive, marine, and packaging industry.

Major players operating in the industry are introducing new products

The key players of the polyisobutylene industry majorly focus on expanding their product portfolio and regional presence. In February 2021, BASF introduced OPPANOL C in the North America market. OPPANOL C can be used in a variety of applications from food packaging to different industrial applications. Some of the major players operating in the market include Braskem SA, RB Products, Inc., TPC Group, Lanxess, Infineum International Ltd., Kothari Petrochemicals, Janex, ExxonMobil Corporation, Berkshire Hathaway Inc., The Lubrizol Corporation, Chevron Oronite Company LLC, and Mayzo, among others.

The Polyisobutylene industry report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons revenue in USD million from 2017 to 2027 for the following segments:

By Type

  • C-PIB
  • HR-PIB

By Application

  • Lube Additives
  • Fuel Additive
  • Adhesives & Sealants
  • Tires
  • 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
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • India
    • Japan
    • Indonesia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
Authors: Kiran Pulidindi, Prashant Hake

Frequently Asked Questions (FAQ) :

The market for polyisobutylene is expected to reach $2 billion by 2027 and will grow at a robust 5% CAGR across 2021-2027 with surging demand for tubeless tires.

Polyisobutylene or PIB is consumed across several applications like tire manufacturing, fuel additives, lubricants as well as adhesives and sealants.

The C-PIB product segment accounted for more than 82.6% share of global polyisobutylene market in 2020 and will expand at a CAGR of 4.7% through 2027 owing to benefits like resistance to oxidation and photodegradation.

The lube additives application segment accounted for 49.1% share of the polyisobutylene market in 2020 and could reach 50.1% share by 2027, partly due to increased demand from lubricant producers.

The polyisobutylene market in Europe is forecast to grow at a 4.4% CAGR through 2027 owing to rising consumption of PIB-based butyl rubber in automobile component production.

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Premium Report Details

  • Published Date: Jul 2021
  • Companies covered: 13
  • Tables & Figures: 152
  • Countries covered: 17
  • Pages: 200

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