English Extended Distribution Financial Content iCN Internal Distribution IPS Market Research Reportedtimes Research Newswire

Medium Molecular Weight Polyisobutylene Market to reach around USD 710 MN at 9% CAGR by 2027


Medium Molecular Wei

iCrowdNewswire   Dec 9, 2020  8:00 AM ET

The latest market report published by Credence Research, Inc. “Global Medium Molecular Weight Polyisobutylene Market: Growth, Future Prospects, and Competitive Analysis, 2019 – 2027”. The Medium Molecular Weight Polyisobutylene market was valued at USS 490 million in 2019 and expected to grow at a CAGR of 9% during the forecast period from 2020 to 2027 to reach USD 710 million in 2027.

Polyisobutylene is a copolymer of isobutylene and isoprene used extensively in the manufacture of inner tubes of tyres, agricultural chemicals, pulp & paper, chewing gum, adhesives, caulks, sealants and others. Generally, medium molecular weight polyisobutylene is used to enhance the characteristics of the product, such as elongation, flexibility, consistency and gas barrier performance. Medium molecular weight polyisobutylene has a standard molecular weight of between 40,000 and 120,000 g/mol. It has impermeability to gases, thermal stability and good flexibility. It also offers high resistance to alkalis, acids and salts.

Key Trends in Global Medium Molecular Weight Polyisobutylene Market

The adhesive segment dominated the market for Medium Molecular Weight Polyisobutylene in 2019. It represented the largest market share, both in terms of volume and revenue. The adhesive segment has experienced a strong market penetration and is expected to continue to dominate over the forecast period. In addition, the adhesive segment is expected to be the most attractive segment of the market over the years due to its extensive use in various end-user industries such as packaging, construction and automotive. The sealant segment is expected to be the second most attractive application segment during the forecast period due to the growing demand for Medium Molecular Weight Polyisobutylene based sealants in the construction industry. Strong demand for Medium Molecular Weight Polyisobutylene based adhesives and sealants in various end-user industries is also expected to fuel the growth of this industry during the forecast period.

Get Sample Copy With Covid19 Impact Analysis: https://www.credenceresearch.com/sample-request/60279

Impact of COVID 19 on Global Medium Molecular Weight Polyisobutylene Market

COVID 19 has left an unparalleled impact on growth of global Medium Molecular Weight Polyisobutylene industry. The global Medium Molecular Weight Polyisobutylene has witnessed very severe setback like never before. The demand for Medium Molecular Weight Polyisobutylene is expected to be plunged by almost 20% in 2020, in terms of both volume as well as revenue. However, with the beginning of unlock process across the world and anticipation of COVID 19 vaccine to be launched during first half of 2020 is expected to bring recovery in demand for Medium Molecular Weight Polyisobutylene.

Global Medium Molecular Weight Polyisobutylene Market by Application Insights

Based on its applications, the global market for Medium Molecular Weight Polyisobutylene can be segmented into Gum Base, Adhesives, Sealants, Lubricants and Others. Polyisobutylene is an isobutylene and isoprene homopolymer. It is generally odourless and offers a high resistance to salt, acid and alkali. Polyisobutylene is categorised into low medium and high types, depending on their molecular weights. Medium molecular weight polyisobutylene is mainly used in adhesive formulations, viscosity modifiers and sealing compound binders. It is also used in additives such as a fuel additive and a lubricating additive because it offers thickness and is used as a precursor. Adhesives and Sealants accounted for more than two-thirds of the total revenues generated by the market for Medium Molecular Weight Polyisobutylene in 2019.

Global Medium Molecular Weight Polyisobutylene Market by Regional Insights

At present, Asia Pacific has dominated the global market for Medium Molecular Weight Polyisobutylene, with the highest revenue contribution from the total revenues generated by this industry. It accounted for more than 40% of the total revenues generated by the Medium Molecular Weight Polyisobutylene industry in 2019. Europe was the second largest regional market for the Medium Molecular Weight Polyisobutylene industry, followed closely by North America. Asia Pacific is also expected to exhibit the fastest CAGR in the forecast period. Latin America and the Middle East and Africa account for the smallest share of the remaining regions in 2019. However the increase in demand for medium molecular weight polyisobutylene based additives and lubricants in the regions is likely to be splendid in the future.

Global Medium Molecular Weight Polyisobutylene Market Competitive Landscape

Global Medium Molecular Weight Polyisobutylene market is fragmented and characterized by the presence of large number of players such as Exxon Mobil Corporation, LANXESS, TPC Group, INEOS, Berkshire Hathaway Inc, Chevron Oronite Company LLC, INFINEUM INTERNATIONAL LIMITED, Proteux Corp, Kothari Petrochemicals, BASF SE, Zhejiang Shunda New Material Co., Shandong Hongrui Petrochemical Co., Ltd and Mayzo. All the major players are focusing on development of innovative products.

Get Sample Copy With Covid19 Impact Analysis: https://www.credenceresearch.com/sample-request/60279

Market Segmentation

Global Medium Molecular Weight Polyisobutylene Market by Application, 2015 – 2027

  • Gum Base
  • Adhesives
  • Sealants
  • 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

  • Exxon Mobil Corporation
  • LANXESS
  • TPC Group
  • INEOS
  • Berkshire Hathaway Inc
  • Chevron Oronite Company LLC
  • INFINEUM INTERNATIONAL LIMITED
  • Proteux Corp
  • Kothari Petrochemicals
  • BASF SE
  • Zhejiang Shunda New Material Co.
  • 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?

Get Sample Copy With Covid19 Impact Analysis: https://www.credenceresearch.com/sample-request/60279

Request For Customization: https://www.credenceresearch.com/request-for-customization/60279

About Us Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives.

Media Contact Name: Chris Smith Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US (US/CANADA) Ph.: +1-800-361-8290 E-mail: sales@credenceresearch.com

Contact Information:

Media Contact
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
(US/CANADA) Ph.: +1-800-361-8290
E-mail: sales@credenceresearch.com
iCrowdNewswire

Keywords:    Medium Molecular Weight Polyisobutylene market, Molecular Weight, Polyisobutylene, market size, Business growth, Trends

Add Comment

Click here to post a comment

Your email address will not be published. Required fields are marked *