Global Medium Molecular Weight Polyisobutylene (PIB) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029
Medium Molecular Weight Polyisobutylene (PIB) is a synthetic hydrocarbon. It is made by polymerization of isobutylene. It is a transparent, non-toxic, and non-impurity semi-solid polymer. Its color can vary between colorless and light yellow. Its molecular weight is between 30,000 and 100,000 g/mol.
Market Overview:
The latest research study on the global Medium Molecular Weight Polyisobutylene (PIB) market finds that the global Medium Molecular Weight Polyisobutylene (PIB) market reached a value of USD 172.95 million in 2022. It’s expected that the market will achieve USD 230.64 million by 2028, exhibiting a CAGR of 4.91% during the forecast period.
COVID-19 affects the industrial chain.
The COVID-19 outbreak has caused global traffic to be blocked, trade reduced, and a large number of factories shut down. Due to various preventive lockdowns and other restrictions imposed by global regulatory authorities, the manufacturing and supply chain operations of the Medium Molecular Weight Polyisobutylene (PIB) industry have experienced major disruptions. The transportation of raw materials for Medium Molecular Weight Polyisobutylene (PIB) was hindered, and production was adversely affected. The sales market is sluggish because of the reduced demand for manufacturers in the downstream industry to close their factories. Therefore, COVID-19 has adversely affected the industrial chain of the Medium Molecular Weight Polyisobutylene (PIB) industry.
The advancement of process technology and the increase of subdivision applications.
With the development of the global industry, the production process of the chemical industry is constantly improving. The production process of Medium Molecular Weight Polyisobutylene (PIB) is also constantly improving. From production technology to production equipment, the output of Medium Molecular Weight Polyisobutylene (PIB) is continuously increasing. In addition, manufacturers increase investment in expansion or new factories are also one of the factors driving the development of the Medium Molecular Weight Polyisobutylene (PIB) industry. With the production growth and price changes of Medium Molecular Weight Polyisobutylene (PIB), downstream segmentation applications are gradually increasing. The gradual democratization from only high-end applications has further promoted the development of the Medium Molecular Weight Polyisobutylene (PIB) industry.
It is not easy to degrade and may cause harm to the water environment.
Polyisobutylene-based fuel additives are not easily biodegradable and may cause long-term adverse effects on the aquatic environment, which may hinder market growth. And with the increasingly stringent regulations on environmental protection, the government has imposed stricter supervision on the manufacture and utilization of Medium Molecular Weight Polyisobutylene (PIB), which will further hinder the market.
Region Overview:
In 2021, the share of the Medium Molecular Weight Polyisobutylene (PIB) market in Europe stood at 41.47%.
Company Overview:
BASF SE is one of the major players operating in the Medium Molecular Weight Polyisobutylene (PIB) market, holding a share of 42.77% in 2021.
BASF SE
BASF SE is a German multinational chemical company and the largest chemical producer in the world. The Company operates in six segments, including chemicals, plastics, performance products, functional solutions, agricultural solutions, and oil and gas. BASF offers products for the chemical, automotive, construction, agriculture, oil, plastics, electrical, electronics, furniture, and paper industries, and provides a range of system solutions and services.
Zhejiang Shunda New Material Co.
Zhejiang Shunda New Material Co. is China's first manufacturer of medium molecular weight polyisobutylene and food-grade polybutene, with leading production technology and professional production experience. The company's customers are located in many countries and regions around the world, and its products have been widely recognized.
Segmentation Overview:
As for product types, the Industrial Grade segment held the largest market share in 2021.
Food Grade
Food-grade Medium Molecular Weight Polyisobutylene (PIB) requires compliance with food safety and related legal requirements. Compared with industrial grade, food grade has higher requirements. Food-grade Medium Molecular Weight Polyisobutylene is used in the gum base to provide chewing gum with softness and elasticity, and has an excellent ability to absorb fillers. It can also be used for food packaging media, food packaging hot melt adhesives, medical adhesives and medical plasters.
Industrial Grade
Industrial-grade Medium Molecular Weight Polyisobutylene (PIB) has relatively lower requirements. It can be used as a sealant in double-glazed windows and other applications in the construction industry. Can be used for pressure sensitive, hot melt or solvent-based adhesives. It can be used for waterproofing of roof membranes, tunnels and cellars. It can be used as an additive to increase the viscosity of various lubricating oils, including engine oil, transmission oil, hydraulic oil and grease. It is mixed with paraffin wax and other waxes and used for coated paper or laminated paper. It can also be added to asphalt or rubber to obtain higher melt viscosity and other properties.
Application Overview:
By application, the Adhesives segment occupied the biggest share from 2017 to 2022.
Gum Base
Medium Molecular Weight Polyisobutylene (PIB) can be used as a gum base to provide chewing gum with softness and elasticity, and has an excellent ability to absorb fillers. It has a neutral taste and smell, which allows the flavor in the chewing gum to be fully displayed.
Adhesives
Medium Molecular Weight Polyisobutylene (PIB) can be used for pressure-sensitive, hot melt or solvent-based adhesives.
Sealants
Medium Molecular Weight Polyisobutylene (PIB) can be used as a sealant in double-glazed windows and other applications in the construction industry. Such as double-layer glass sealant, photovoltaic sealant, automobile sealant, etc.
Lubricants
Medium Molecular Weight Polyisobutylene (PIB) can be used as an additive to increase the viscosity of various lubricating oils, including engine oil, transmission oil, hydraulic oil and grease.
Key Companies in the global Medium Molecular Weight Polyisobutylene (PIB) market covered in Chapter 3:
Shandong Hongrui Petrochemical Co. Ltd
Zhejiang Shunda New Material Co.
ENEOS
BASF SE
In Chapter 4 and Chapter 14.2, on the basis of types, the Medium Molecular Weight Polyisobutylene (PIB) market from 2018 to 2029 is primarily split into:
Food Grade
Industrial Grade
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Medium Molecular Weight Polyisobutylene (PIB) market from 2018 to 2029 covers:
Gum Base
Adhesives
Sealants
Lubricants
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)
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