The Polyisobutylene (PIB) market was valued at US$ 2,580.78 million in 2018 and is projected to reach US$ 3,847.01 million by 2027; it is expected to grow at a CAGR of 4.5% during the forecast period of 2019-2027.
Polyisobutylene (PIB) market is expected to witness significant growth on account of increasing demand from tires owing to mounting automobile industry over the forecast period.
A new report available with decisiondatabases.com on Polyisobutylene (PIB) Market which provides an in-depth analysis during the forecast period. This report focuses on top manufactures with capacity, production, price, revenue and Market share.
Download free PDF Sample: https://bit.ly/3gsdBLB #Polyisobutylene #MarketAnalysis Polyisobutylene (PIB) market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Polyisobutylene (PIB) market will be able to gain the upper hand as they use the report as a powerful resource.
The 'Global and Chinese Polyisobutylene (PIB) Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global Polyisobutylene (PIB) industry with a focus on the Chinese market.
Polyisobutylene (PIB) (CAS 9003-27-4) market status and forecast, categorizes the global Polyisobutylene (PIB) (CAS 9003-27-4) market size (value & volume) by manufacturers, type, application, and region.
The global polyisobutylene market size for automotive accounted for more than half of the global volume in 2015. North America, mainly led by the U.S. polyisobutylene market size will witness growth close to 4% over the forecast timeframe.
Asia Pacific is likely to observe highest growth between 2016 and 2024. Increasing automotive sales in the region due to improved consumer spending power, elevating aerospace industry in China & India
Global Polyisobutylene Market information: Molecular Weight (low & medium and high), Grade (conventional and highly reactive), Application (tire & tubes, lubricants), End-Use Industry (transportation, construction), by Region: Forecast till 2023
Global isobutylene demand is projected to grow at a healthy CAGR of 4.01%. Isobutylene (or 2-methylpropene) is a highly inflammable, colourless gas with a pungent odour.
Polyisobutylene (PIB) is a bright clear liquid obtained from polymerization of isobutene under catalyst system. It is widely used as an additive in the lubricants and fuels. Superior properties including corrosion resistance, oxidation stability, high thickening efficiency, and low electrical conductivity. The farfetched development of the automobile industry globally will fuel the polyisobutylene (PIB) market significantly over the next few years. The Polyisobutylene market is estimated to grow at a CAGR of 4.92% during the forecast period 2019–2024.
The U.S. Polyisobutylene market is estimated to be valued at $722.14 million in 2017 and expected to increase in 2023, and growing at a CAGR of 3.39% during the forecast period. The national CAGR of U.S. is lower than the region’s average because it is a mature market for PIB. The major growth of the region is in parts of Canada and Mexico. In spite of registering low growth rates, the U.S. remains the main contributor to the market as it is the largest economy in the trade region (NAFTA). The demand for new automobiles by the American population will ensure that the market keeps growing. The sales of automobiles has continuously increased in the U.S. and thus, the need for tires and other car accessories also increase. This ensures that more PIB is used in manufacturing of cars and lubricants.
Get more information about the market: http://www.imarcgroup.com/polyisobutylene-market According to IMARC Group’s latest report, titled “Polyisobutylene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global polyisobutylene market reached a value of more than US$ 2 Billion in 2016. Request a sample report : http://www.imarcgroup.com/request?type=report&id=896&flag=A Browse more reports on chemiacl & material Industry: http://www.imarcgroup.com/categories/chemicals-market-reports Contact Us IMARC Group USA: +1-631-791-1145 Email: sales@imarcgroup.com Follow us on twitter: @imarcglobal
Pritam Deuskar Wealthyvia- India is the world's fastest-growing economy and has been on a path of progression where the manufacturing sector plays a vital role. India has successfully become the world's third largest in exports and is one of the fastest growing economies in the world.
The global Highly Reactive Polyisobutylene Market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers.
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