Increasing Demand for Highly Reactive PIB Drives Growth in the Polyisobutylene (PIB) Market, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Polyisobutylene (PIB) markets. Global market for Polyisobutylene (PIB) is projected to reach 1.3 million tonnes by 2018 driven by increasing demand for Highly Reactive PIB, stringent regulations related to fuel, and emerging new applications such as solar energy and medicine.

  • Share on TwitterShare on FacebookShare on Google+Share on LinkedInEmail a friend
Polyisobutylene (PIB): A Global Strategic Business Report

San Jose, California (PRWEB) September 20, 2013

Follow us on LinkedIn -Polyisobutylene (PIB) is one of the key raw materials used in the manufacture of lubricants and fuel additives, and also in numerous industrial applications worldwide, including adhesives, sealants, and cable compounds. Inherent physical and chemical properties of polyisobutylene render its use in various industrial and additive applications. As a result, growth in the Polyisobutylene market is dependent largely on general industrial and economic growth. Also, prices for polyisobutylene tend to be cyclical as well as volatile, largely due to external factors such as weather patterns, global political scenario, local and global economic conditions and production of natural gases and oil among others.

Global demand for PIB is also being driven by the emergence of new application areas such as solar energy and medicine. PIB has been gaining significance as a sealing substance for photovoltaic panel systems largely due to its electrical insulation, superior resistance towards gases, enhanced durability and excellent water vapor barrier properties. In the Oil and Energy industry, manufacturers are being increasingly compelled to use various types of PIB additives including polyisobutylene-amines, polyisobutylene mono-succinimide and polyisobutylene bis-succinimide into fuels. This is mainly due to the increasingly stringent regulations and policies that create significant new demand for fuels blended from high-performance additives and superior quality blending components. These additives, when used in low concentration, facilitate in enhancing the properties of fuel apart from providing new features. In the area of medicine, PIBs are finding increasing use in transdermal patches. PIB finds use as an adhesive in transdermal patches for ensuring longer retention on the skin, allowing uninterrupted and even administration of drugs.

As stated by the new market research report on Polyisobutylene (PIB), the United States represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing regional market with a CAGR of 4.6% over the analysis period. Highly Reactive PIB is expected to spearhead growth in the market, offsetting declines in demand for conventional PIB.

Major players covered in the report include BASF SE, Chevron Oronite Company LLC, INEOS Group, Infineum International Ltd., Lubrizol Corporation, Plymouth Rubber Europa, SA and TPC Group Inc.

The research report titled “Polyisobutylene (PIB): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for polyisobutylene in volume (tonnes) for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East, and Latin America (Brazil and Rest of Latin America). The report also analyzes the global market for polyisobutylene by product segments - Conventional PIB and Highly Reactive PIB; and by end-use applications - Industrial Applications and Additive Applications.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Polyisobutylene_PIB_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Follow us on LinkedIn

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

###


Contact

Attachments