Global Polyisobutylene Market to Grow at 3.48% During 2025-2033, Impelled by Rising Demand for Tubeless Tires

January 21, 2025 | Chemical & Materials

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According to the latest report by IMARC Group, titled "Polyisobutylene Market Report by Product (Conventional PIB, Highly Reactive PIB), End Use Industry (Transportation Sector, Industrial, Food, and Others), Application (Tires, Lube Additives, Fuel Additives, 2-Stroke Engines, Industrial Lubes & Others, Adhesives and Sealants), and Region 2025-2033," the global polyisobutylene market reached a value of USD 2.5 Billion in 2024. Polyisobutylene (PIB) refers to synthetic rubber that is generally produced through the polymerization of isobutene. It is a gas-impermeable rubber variant that is widely used as a modifier for sealants and adhesives. It is a colorless and odorless gummy solid with good electrical insulation properties that is mainly utilized in the manufacturing of cling films and chewing gums. Additionally, it is also used as a base oil for a vast array of applications as it offers excellent high-temperature resistance. Along with this, it is resistant to salt solutions, acids and alkalis, which is providing an impetus to the market growth.

Global Polyisobutylene Market Trends:

The global market is primarily driven by the increasing demand for polyisobutylene polymer across the automotive industry. This is supported by the rising utilization of the product in the manufacturing of tubeless tires. Along with this, the increasing uptake of polyisobutylene in the production of optical fibers across the telecommunication industry is creating a positive outlook for the market. Moreover, the rising need for low emission container ships in order to minimize the environmental impact on water bodies is propelling the demand for lubricants, which, in turn, providing an impetus to the market growth. Additionally, the increasing utilization of sealants and adhesives in the construction industry is considered to be a major growth-inducing factor. Furthermore, the widespread adoption of polyisobutylene as a binding and nonaqueous viscosity-increasing agent in the production of cosmetics and personal care products is also favorably impacting the market growth. Other factors, including continual advancements in production technologies, rapid industrialization and extensive research and development (R&D) activities conducted by key players, are further contributing to the market growth. Looking forward, the market value is projected to reach USD 3.5 Billion by 2033, expanding at a CAGR of 3.48% during 2025-2033.

Market Summary:

On the basis of the product, the market has been bifurcated into conventional and highly reactive PIB.
Based on the end use industry, the market has been segmented into the transportation sector, industrial, food and others.
On the basis of the application, the market has been segregated into tires, lube additives, fuel additives, 2-stroke engines, industrial lubes & others and adhesives and sealants.
Based on the region, the market has been divided into Europe, North America, Asia-Pacific, the Middle East and Africa and Latin America.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Lanxess, BASF, Daelim Industrial Co. Ltd., Reliance Industries Limited and Lubrizol.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Product, End Use Industry, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered	Lanxess, BASF, Daelim Industrial Co. Ltd., Reliance Industries Limited and Lubrizol
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Polyisobutylene Market to Grow at 3.48% During 2025-2033, Impelled by Rising Demand for Tubeless Tires

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