Polyisobutylene (PIB) Market Size (2024 - 2029)

The polyisobutylene market is projected to experience significant growth over the forecast period, driven primarily by increasing demand from the adhesives and sealants industry. Despite challenges such as the material's instability and lack of UV resistance, the market has rebounded from pandemic-related disruptions and is expected to expand steadily. Opportunities for market expansion are also anticipated through the use of polyisobutylene as a substitute for wool fat in leather production. The Asia-Pacific region leads in market consumption, with substantial contributions from countries like China, Japan, South Korea, and India.

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Market Size of Polyisobutylene (PIB) Industry

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Polyisobutylene Market - Market Summary
Study Period 2019-2029
Base Year For Estimation 2023
CAGR (2024 - 2029) 6.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Polyisobutylene Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Polyisobutylene (PIB) Market Analysis

The Polyisobutylene Market size is estimated at 1.24 Million tons in 2024, and is expected to reach 1.68 Million tons by 2029, growing at a CAGR of greater than 6% during the forecast period (2024-2029).

  • The market was negatively impacted by the COVID-19 pandemic as there was a slowdown in production and mobility wherein industries, such as adhesives and sealants, lubricants, etc., were forced to delay their production due to containment measures and economic disruptions. Currently, the market has recovered from the pandemic. The market reached pre-pandemic levels in 2022 and is expected to grow steadily in the future.
  • The major factor driving the market studied is increasing demand from the adhesives and sealants industry.
  • On the flip side, the instability of polyisobutylene, being non-UV resistant, is hindering the growth of the market.
  • Polyisobutylene, as a substitute for wool fat in stuffing agents for the production of leather, is expected to offer various opportunities for the growth of the market.
  • Asia-Pacific region dominates the market globally, with the most substantial consumption from countries like China, Japan, South Korea, and India.

Polyisobutylene (PIB) Industry Segmentation

Polyisobutylene (PIB) is the polymer of isobutene, a main component of butyl rubber. Polyisobutylene is soluble in water, which makes it a universally usable polymer for a wide range of industrial applications. Polyisobutylene is used to manufacture lubricants, sealants, adhesives, fuel additives, cling-film, and among others.

The polyisobutylene market is segmented by application and geography. By application, the market is segmented into tire tubes, adhesives and sealants, lubricants, plasticizers, fuel additives, electrical insulation, and other applications (lube additives, etc.). The report also covers the market size and forecasts for the market in 15 countries across the globe. 

For each segment, the market sizing and forecasts have been done on the basis of volume (tons).

Application
Tire Tubes
Adhesive and Sealants
Lubricants
Plasticizers
Fuel Additives
Electrical Insulation
Other Applications (Lube Additives, Etc.)
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Polyisobutylene (PIB) Market Size Summary

The polyisobutylene market is poised for significant growth, driven primarily by increasing demand from the adhesives and sealants industry. This demand is fueled by the material's properties, such as tackiness and flexibility, which make it ideal for applications like sealing joints and protecting electrical wirings. The market, which experienced a downturn due to the COVID-19 pandemic, has rebounded to pre-pandemic levels and is expected to continue its upward trajectory. The Asia-Pacific region, particularly countries like China, Japan, South Korea, and India, dominates the market due to its robust construction and automotive sectors. The region's growth is further supported by investments in new manufacturing facilities and the rising demand for high-performance lubricants and fuel additives.

Despite challenges such as the non-UV resistant nature of polyisobutylene, the market presents opportunities through its use as a substitute for wool fat in leather production. The construction boom in the Asia-Pacific region, especially in office space development, is anticipated to drive further demand for polyisobutylene. The automotive industry's focus on fuel economy and reduced emissions, particularly in China, also contributes to the market's expansion. The market is characterized by fragmentation, with key players like BASF SE, Braskem, and The Lubrizol Corporation actively expanding their production capacities to meet the growing global demand.

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Polyisobutylene (PIB) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from Adhesives and Sealants

      2. 1.1.2 Rising Demand for PIB from Transportation Sector

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Instability of Polyisobutylene being Non-UV Resistant

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Application

      1. 2.1.1 Tire Tubes

      2. 2.1.2 Adhesive and Sealants

      3. 2.1.3 Lubricants

      4. 2.1.4 Plasticizers

      5. 2.1.5 Fuel Additives

      6. 2.1.6 Electrical Insulation

      7. 2.1.7 Other Applications (Lube Additives, Etc.)

    2. 2.2 Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Mexico

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 United Kingdom

        3. 2.2.3.3 Italy

        4. 2.2.3.4 France

        5. 2.2.3.5 Rest of Europe

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Middle East and Africa

        1. 2.2.5.1 Saudi Arabia

        2. 2.2.5.2 South Africa

        3. 2.2.5.3 Rest of Middle East and Africa

Polyisobutylene (PIB) Market Size FAQs

The Polyisobutylene Market size is expected to reach 1.24 million tons in 2024 and grow at a CAGR of greater than 6% to reach 1.68 million tons by 2029.

In 2024, the Polyisobutylene Market size is expected to reach 1.24 million tons.

Polyisobutylene (PIB) Market Report Snapshots

Polyisobutylene Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)