Global polyisobutylene market is anticipated to grow at a CAGR of 5.6% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increased demand for polyisobutene in the automotive industry is driven by its use in the manufacturing of tires and other applications that contribute to improved performance, durability, and fuel efficiency. One of the primary uses of polyisobutene in the automotive industry is in the production of tires. Polyisobutene is added to tire formulations to enhance the tire's properties, such as tread flexibility, wear resistance, and rolling resistance. These improvements contribute to better overall tire performance and fuel efficiency. Polyisobutene can be used to reduce rolling resistance in tires. Lower rolling resistance means less energy is required to propel the vehicle forward, leading to improved fuel efficiency. This is particularly important as the automotive industry focuses majorly on sustainability and fuel economy. The addition of polyisobutene in tire formulations improves the durability and lifespan of tires. This is crucial for vehicle safety and cost-effectiveness, as durable tires require less frequent replacement.
In addition, polyisobutene can enhance the wet traction of tires, providing better grip on wet roads. This is important for overall road safety, especially in regions with diverse weather conditions. Polyisobutene can contribute to reducing vibrations in tires, leading to a smoother and more comfortable ride. This is an important factor in the automotive industry as manufacturers focus on enhancing the driving experience.
Moreover, polyisobutene's impermeable and adhesive properties make it valuable in the production of sealants and adhesives used in automotive applications. Moreover, polyisobutene can be used for sound and thermal insulation in vehicles. Its ability to form a barrier against gases and moisture makes it suitable for creating insulated materials that contribute to a quieter and more comfortable cabin environment. The use of polyisobutene in tire formulations can contribute to reducing the environmental impact of vehicles by improving fuel efficiency. The demand for materials that enhance fuel efficiency is on the rise as automotive manufacturers focus on sustainability and reducing carbon emissions.
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Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Molecular Weight Type
- By Application
- By End-Use Industry
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- BASF SE, Daelim Co., Ltd, LANXESS AG, and The Lubrizol Corp., among others.
Polyisobutylene Market Report Segment
By Molecular Weight Type
- Low
- Medium
- High
By Application
- Adhesives and Sealants
- Automotive rubber components
- Fuel additives
- Lubricant additives
- 2-Stroke Engines
By End-Use Industry
- Transportation Sector
- Industrial
- Food
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Polyisobutylene Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Braskem S.A.
- Dowpol Corporation
- Eni S.p.A.
- Exxon Mobil Corporation
- INEOS Capital Limited
- JX Nippon Oil & Gas Exploration Corporation
- Kemipex
- Kothari Petrochemicals Ltd.
- LyondellBasell Industries Holdings B.V
- Procter and Gamble
- Reliance Industries Ltd.
- SABIC
- Shandong Hongrui New Material Technology Co., Ltd.
- Shell Global
- SIBUR Holding PJSC
- TPC Group, Inc.
- Zhejiang Shunda New Material Co., Ltd.
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