Polyisobutylene Price Trend

Polyisobutylene Prices June 2023

The polyisobutylene prices in the USA for Q2 2023 reached 2540 USD/MT in December due to lower feedstock costs and robust inventories. Economic challenges and cautious manufacturing growth contributed to weaker market conditions. However, domestic demand from the construction and automotive sectors remained steady, helping to balance the market amidst fluctuating economic indicators and trade activities.

The price trend for polyisobutylene in South Korea for Q2 2023, reached 3175 USD/MT in December. Initially declining due to low demand and ample supply, prices briefly rebounded in May due to stronger automotive sector demand. However, by June, economic challenges and rising inflation pushed prices downward, highlighting ongoing market volatility and uncertainty.

The price trend for polyisobutylene in Belgium for Q2 2023, reached 2780 USD/MT in December due to weakened economic conditions and high inflation. The reduction in feedstock costs and fluctuating demand from construction and automotive industries led to subdued market activity. Despite some recovery in demand, overall economic pressures kept prices under downward pressure throughout the quarter.

Polyisobutylene Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Polyisobutylene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of polyisobutylene pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of polyisobutylene at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of polyisobutylene price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing polyisobutylene price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Polyisobutylene Market Analysis

The global polyisobutylene market size reached US$ 2.4 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 3.4 Billion, at a projected CAGR of 3.7% during 2023-2032.

• The rising demand for PIB in the production of tire inner liners and other automotive parts is acting as a major growth-inducing factor in the market. The increasing vehicle production and sales globally are driving the need for more PIB, especially in developing economies. According to the Society of Indian Automobile Manufacturers report titled Performance of Auto Industry 2022-2023, the industry produced a total of 2,59,31,867 vehicles including passenger vehicles, commercial vehicles, 3 Wheelers, 2 Wheelers, and quadricycles from April 2022 to March 2023, as against 2,30,40,066 units from April 2021 to March 2022.
• The rising demand for sealants and adhesives along with the increase in infrastructure projects is contributing to the growth of the market.
• According to the India Brand Equity Foundation (IBEF), India has to enhance its infrastructure to reach its 2025 economic growth target of US $5 trillion. Under Budget 2023-24, capital investment outlay for infrastructure is being increased by 33% to rupees lakh crore (US$ 122 billion), which would be 3.3% of GDP and almost three times the outlay in 2019-20.
• The stringent environmental regulations are encouraging the use of materials that contribute to increased energy efficiency and reduced emissions, thereby influencing the market growth. PIB’s rolling improving tire inflation retention helps reduce vehicle emissions by maintaining optimal tire pressure, aligning with these regulations.
• For instance, the Ministry of Road Transport and Highways (MoRTH) issued a notification that mandates the requirement of rolling resistance, wet grip, and rolling sound emission for tyres falling under classes C1 (passenger cars), C2 (light truck), and C3 (truck and bus) as defined in the automotive industry standard 142:2019.
• Innovations in polymer technologies often lead to improved properties of PIB, expanding its application range in industries such as lubricants and fuel additives, which can enhance performance under extreme conditions.
• The rising use of PIB in the medical field for items such as salves, adhesives bandages, and other pharmaceutical products is facilitating the growth of the market.

Polyisobutylene News

The report covers the latest developments, updates, and trends impacting the global polyisobutylene market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in polyisobutylene production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the polyisobutylene price trend.

Latest developments in the polyisobutylene industry:

• In August 2023, BASF increased the production capacity for its medium-molecular weight polyisobutenes, marketed under the tradename OPPANOL B at its site in Ludwigshafen, Germany, by 25%. The investment comes in response to the rising global demand for high-quality medium-molecular weight polyisobutenes.
• In September 2023, TPC Group announced that it has completed the initial phase of its di-isobutylene (DIB) capacity upgrade to supply the growing global demand for DI V driven by the adoption of low global bombing potential refrigerants.

Product Description

Polyisobutylene (PIB) refers to synthetic rubber or butyl rubber, predominantly utilized for its excellent impermeability to moisture and gases. This rubber is a polymer formed from the polymerization of isobutylene with small amounts of isoprene.

Polyisobutylene is highly valued in various industries for its resistance and stability to acids, bases, and the efforts of ozone and other weathering elements.

The physical properties of polyisobutylene include flexibility, tackiness, and elasticity, which makes it particularly useful in the manufacturing of tire inner liners, sealants, adhesives, and chewing gum.

It enhances the durability and performance of tires in the automotive sector by maintaining the air pressure within tires over extended periods.

PIB is employed in the pharmaceutical industry as a binder or stabilizer in medical products, such as salves, and as a base for medical adhesives.

Regional Coverage

The report provides a detailed analysis of the polyisobutylene market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the polyisobutylene price trend.

Global Polyisobutylene Price

The report offers a holistic view of the global polyisobutylene pricing trends in the form of polyisobutylene price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into polyisobutylene historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into polyisobutylene price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed polyisobutylene demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Polyisobutylene Price

During the second quarter of 2023, polyisobutylene prices in Europe fell sharply, driven by excess supply and feeble cost pressures. Factors such as growing interest rates, elevating inflation, and low purchasing trends affected domestic prices. Falling raw material costs also contributed to this decline. Natural gas costs fluctuated, adding uncertainty to input expenditure. Demand from food additive and construction sectors remained weak, reducing demand and driving down prices. Despite a partial recovery in the automotive sector, overall demand was insufficient to influence prices significantly. With adequate supply to meet demand, economic and manufacturing activities contracted, reflecting a broader market slowdown.

This analysis can be extended to include detailed polyisobutylene price information for a comprehensive list of countries.

North America Polyisobutylene Price

In the North American market, prices of polyisobutylene dropped in the Q2 of 2023 due to lower raw material costs and ample inventory. Market participants noted that isobutylene's falling prices limited cost pressures. The US faced a potential economic slowdown because of weak economic conditions, affecting manufacturing growth. Additionally, slow economic growth in China influenced US import prices, straining trade activities. Although inflation remained above the target and declined gradually, the domestic product consumption continued to rise.

Specific polyisobutylene historical data within the United States and Canada can also be provided.

Middle East and Africa Polyisobutylene Price

The report explores the polyisobutylene pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on polyisobutylene prices for countries can also be provided.

Asia Pacific Polyisobutylene Price

In the Asia Pacific region, the prices of polyisobutylene fluctuated throughout Q2 of 2023, initially dipping in April due to low consumption and excess inventories, despite a rise in raw material costs. Economic uncertainties dampened orders from food additives and construction sectors, weakening prices. Manufacturing activity in South Korea faced challenges, with exports declining amid a slump in Chinese sales, reflecting ongoing global demand weakness. However, in May, product prices saw a rebound driven by increased automotive sector demand, yet this trend reversed in June due to elevating interest rates and heightened inflation.

This polyisobutylene price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Polyisobutylene Price

The analysis of polyisobutylene prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of polyisobutylene pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting polyisobutylene price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The polyisobutylene price charts ensure our clients remain at the forefront of the industry.