North America Polyisobutene Market Size, Share & Trends Analysis Report By Molecular Weight Type, By Application (Lubricant Additives, Adhesives & Sealants, Automotive Rubber Components, Fuel Additives, and Others), By Country and Growth Forecast, 2023 - 2030
The North America Polyisobutene Market would witness market growth of 4.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 267.35 Kilo Tonnes, showcasing a growth of 4.2% (2019-2022).
Polyisobutene (PIB) is widely used in the automotive industry as a key ingredient in formulating high-performance lubricants. Its excellent viscosity index and thermal stability contribute to improved engine efficiency and reduced friction, extending the life of automotive components. This is employed as a fuel additive, enhancing the properties of fuels.
Polyisobutene's adhesive and sealing properties make it valuable in the construction industry. It is used to produce adhesives and sealants, ensuring strong and durable bonds between materials. PIB-based sealants contribute to weatherproofing and enhancing the longevity of structures. It’s surface-active properties make it suitable for applications as a surfactant.
As the automotive industry in Canada emphasizes comfort and performance, the demand for components incorporating this for vibration control is likely to grow. This plays a crucial role in tire manufacturing, where it is often used in the inner liner of tires in Canada. This application enhances the air retention properties of tires, contributing to improved fuel efficiency and overall tire performance in Canada. Hence, the factors mentioned above will drive the regional market growth.
The US market dominated the North America Polyisobutene Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $749.3 million by 2030. The Canada market is experiencing a CAGR of 7.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.3% during (2023 - 2030).
Based on Molecular Weight Type, the market is segmented into High, Medium, and Low. Based on Application, the market is segmented into Lubricant Additives, Adhesives & Sealants, Automotive Rubber Components, Fuel Additives, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Lanxess AG
- BASF SE
- Berkshire Hathaway, Inc.
- Reliance Industries Limited
- INEOS Group Holdings S.A.
- Braskem SE (Odebrecht S.A)
- ENEOS Corporation (Eneos Holdings)
- Exxon Mobil Corporation
- Chevron Oronite Company LLC
- TPC Group
By Molecular Weight Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- High
- Medium
- Low
- Lubricant Additives
- Adhesives & Sealants
- Automotive Rubber Components
- Fuel Additives
- Others
- US
- Canada
- Mexico
- Rest of North America
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Polyisobutene Market, by Molecular Weight Type
- 1.4.2 North America Polyisobutene Market, by Application
- 1.4.3 North America Polyisobutene Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter’s Five Forces Analysis
- Chapter 4. North America Polyisobutene Market by Molecular Weight Type
- 4.1 North America High Market by Country
- 4.2 North America Medium Market by Country
- 4.3 North America Low Market by Country
- Chapter 5. North America Polyisobutene Market by Application
- 5.1 North America Lubricant Additives Market by Country
- 5.2 North America Adhesives & Sealants Market by Country
- 5.3 North America Automotive Rubber Components Market by Country
- 5.4 North America Fuel Additives Market by Country
- 5.5 North America Others Market by Country
- Chapter 6. North America Polyisobutene Market by Country
- 6.1 US Polyisobutene Market
- 6.1.1 US Polyisobutene Market by Molecular Weight Type
- 6.1.2 US Polyisobutene Market by Application
- 6.2 Canada Polyisobutene Market
- 6.2.1 Canada Polyisobutene Market by Molecular Weight Type
- 6.2.2 Canada Polyisobutene Market by Application
- 6.3 Mexico Polyisobutene Market
- 6.3.1 Mexico Polyisobutene Market by Molecular Weight Type
- 6.3.2 Mexico Polyisobutene Market by Application
- 6.4 Rest of North America Polyisobutene Market
- 6.4.1 Rest of North America Polyisobutene Market by Molecular Weight Type
- 6.4.2 Rest of North America Polyisobutene Market by Application
- Chapter 7. Company Profiles
- 7.1 Lanxess AG
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 SWOT Analysis
- 7.2 BASF SE
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expense
- 7.2.5 Recent strategies and developments:
- 7.2.5.1 Partnerships, Collaborations, and Agreements:
- 7.2.5.2 Product Launches and Product Expansions:
- 7.2.6 SWOT Analysis
- 7.3 Berkshire Hathaway, Inc. (International Dairy Queen Inc.)
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 SWOT Analysis
- 7.4 Reliance Industries Limited
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental Analysis
- 7.4.4 Research & Development Expenses
- 7.4.5 SWOT Analysis
- 7.5 INEOS Group Holdings S.A.
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 SWOT Analysis
- 7.6 Braskem S.A. (Odebrecht S.A)
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental Analysis
- 7.6.4 Research & Development Expenses
- 7.6.5 SWOT Analysis
- 7.7 ENEOS Corporation (Eneos Holdings)
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental and Regional Analysis
- 7.7.4 Research & Development Expenses
- 7.7.5 SWOT Analysis
- 7.8 Exxon Mobil Corporation
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental and Regional Analysis
- 7.8.4 Research & Development Expenses
- 7.8.5 SWOT Analysis
- 7.9 Chevron Oronite Company LLC
- 7.9.1 Company Overview
- 7.9.2 SWOT Analysis
- 7.10. TPC Group
- 7.10.1 Company Overview
- 7.10.2 SWOT Analysis
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