Polyisobutylene (PIB) Market Forecast Report To 2020: Grand View Research, Inc.
Polyisobutylene (PIB) market is expected to witness significant growth on account of increasing demand from tires owing to mounting automobile industry over the forecast period. For More Information Visit - http://www.grandviewresearch.com/industry-analysis/polyisobutylene-pib-market
Published on: Mar 4, 2016
Transcripts - Polyisobutylene (PIB) Market Forecast Report To 2020: Grand View Research, Inc.
Polyisobutylene (PIB) Market Analysis, Market Size, Application
Analysis, Regional Outlook, Competitive Strategies And Forecasts,
2014 To 2020
Polyisobutylene (PIB) market is expected to witness significant growth on account
of increasing demand from tires owing to mounting automobile industry over the
forecast period. Increasing PIB demand for manufacture of sealants & adhesives in
the construction industry is expected to propel market growth over the next six
years. Rising demand from application segment including automotive, lubricant,
adhesive, paper & pulp, sealant, packaging, sporting equipment, explosives and
chewing gum is expected to supplement market growth.
For More Information on "Polyisobutylene (PIB) Market Research Reports"
visit - http://www.grandviewresearch.com/industry-analysis/polyisobutylene-
In addition, growing concerns of high quality medical packaging is expected to
drive market growth. Asia Pacific is expected to witness significant demand
growth on account of rising automotive and construction industries mainly in
emerging economies of China and India. High demand for tubeless tires, rapid
urbanization and increasing infrastructural activities is expected to fuel demand in
the region. However, harmful environmental impact as a result of PIB spills is
expected to restrain market growth over the next six years. Introduction of
recyclable and recoverable polyisobutylene is anticipated to serve as market
growth opportunities over the forecast period.
In addition, growing consumption of PIB in pharmaceuticals, construction and
adhesives owing to its excellent impermeability, thermal stability and flexibility is
expected to supplement market growth over the next six years. Key players in PIB
market include ExxonMobil, Infineum International Ltd., BASF SE, INEOS,
Lanxess, Chevron Oronite Company LLC, The Lubrizol Corporation and TPC
Group. TPC Group offers enhanced PIB grades used in sealants, adhesives, caulks,
personal care products and packaging. BASF SE offers low, medium and high
molecular weight products wide used as fuel additives and lubricant additives.
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