Key Market Insights
The global market value of Medium Molecular Weight Polyisobutylene market is expected to reach over USD 710 million in 2027 from around USD 490 million in 2019. Medium Molecular Weight Polyisobutylene is likely to exhibit attractive CAGR of slightly over 9.0% during the forecast period.
Global Medium Molecular Weight Polyisobutylene Market, 2015 – 2027 (USD Million)
Copolymer of isoprene and isobutylene is called as polyisobutylene. MMW Polyisobutylene finds wide ranging applications across host industries. Polyisobutylene used in large volume in the production of agricultural chemicals, pulp & paper, inner tubes of tires, chewing gum, sealants, adhesives, caulks, and among others. MMW Polyisobutylene is typically used in order to achieve desired characteristics in the final products such as higher strength, flexibility, increased performance in adverse conditions, etc. MMW Polyisobutylene exhibit high molecular weight making it impermeable against gases while offering it with extended stability at wide range of temperature. Additionally, it exhibits high level of resistance to salts, alkalis and acids.
Strong demand for MMW Polyisobutylene from adhesive manufacturers is mainly fueling market growth. Strong growth of adhesive industry has been supported by the wide-ranging applications of it. Adhesives are being used in host of industries including automotive, construction, packaging, footwear, aerospace, furniture, etc. With attractive growth in above mentioned application fields, the demand for MMW Polyisobutylene is growing at a rapid pace.
Production as well as demand of MMW Polyisobutylene is severely affected by the outbreak of COVID 19 in 2020. This has given a major jolt to cross border trading of MMW Polyisobutylene. MMW Polyisobutylene production halted owing to lockdown and social distancing regulations imposed by various governments. Import and export activities hampered as result of decreased mobility and trade cross borders to avoid infection of COVID 19. However, the trade and production activities are restored gradually during third and fourth quarter of 2020. As most of the vaccine manufacturers across the word are striving to launch their COVID 19 vaccine, the market is expected to reach its pre COVID 19 level soon.
Pre and Post COVID 19 Global Medium Molecular Weight Polyisobutylene Market, 2019 – 2027 (USD Million)
Global Medium Molecular Weight Polyisobutylene Market Share by Application, 2019
Gum Base, Adhesives, Sealants, Lubricants and Other are major applications market for MMW Polyisobutylene. Adhesives was the largest application market for MMW Polyisobutylene in 2019 and was closely followed by sealants. Gum base and lubricants also accounted for the significant share in global MMW Polyisobutylene market.
Global Medium Molecular Weight Polyisobutylene Market, Regional Share 2019
Asia Pacific is largest and fastest growing market for Medium Molecular Weight Polyisobutylene in 2019. North America and Europe also have significant market share in total consumption of Medium Molecular Weight Polyisobutylene. However, Latin America and Middle East & Africa reported very small tonnage of demand for Medium Molecular Weight Polyisobutylene during past few years.
Global Medium Molecular Weight Polyisobutylene Market, Company Share 2019
Prominent manufacturers of Medium Molecular Weight Polyisobutylene include Chevron Oronite Company LLC, INFINEUM INTERNATIONAL LIMITED, BASF SE, Zhejiang Shunda New Material Co., Exxon Mobil Corporation, LANXESS, TPC Group, INEOS, Berkshire Hathaway Inc, Proteux Corp, Kothari Petrochemicals, Shandong Hongrui Petrochemical Co., Ltd and Mayzo. The global Medium Molecular Weight Polyisobutylene market is highly fragmented with large number of players situated across the world. However, majority of manufacturers are based out of Asia Pacific.
Historical & Forecast Period
2015 to 2019 – Historical Years
2020 – Current year
2021 - 2027 – Forecast Period
Market Segmentation
Global Medium Molecular Weight Polyisobutylene Market by Application, 2015 – 2027 (USD Million)
- Sealants
- Gum Base
- Adhesives
- Lubricants
- Other
Global Medium Molecular Weight Polyisobutylene Market by Region, 2015 - 2027
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Medium Molecular Weight Polyisobutylene Market: Key Players
- INEOS
- Berkshire Hathaway Inc
- Chevron Oronite Company LLC
- Exxon Mobil Corporation
- LANXESS
- TPC Group
- INFINEUM INTERNATIONAL LIMITED
- Zhejiang Shunda New Material Co.
- Proteux Corp
- Kothari Petrochemicals
- BASF SE
- Shandong Hongrui Petrochemical Co. Ltd
- Mayzo Others
Key questions answered in this report
- COVID 19 impact analysis on global Medium Molecular Weight Polyisobutylene industry
- What are the current market trends and dynamics in the Medium Molecular Weight Polyisobutylene market and valuable opportunities for emerging players?
- What is driving Medium Molecular Weight Polyisobutylene market?
- What are the key challenges to market growth?
- Which segment accounts for the fastest CAGR during the forecast period?
- Which product type segment holds a larger market share and why?
- Are low and middle-income economies investing in the Medium Molecular Weight Polyisobutylene market?
- Key growth pockets on the basis of regions, types, applications, and end-users
- What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
