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North American Polyisobutylene Market

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.

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North American Polyisobutylene Market

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  1. 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

  2. North America established with major share and growth in the Polyisobutylene Market: North America market is the leading region in the manufacturing of Polyisobutylene. The countries present in the region are highly developed with strong trade of relations existing between them. Among all the region U.S. is the main contributor, and accounting more than 60% of total trade share in the three countries. The U.S. market is expected to grow at a CAGR of 3.08%, to reach revenue of $882.17 million by 2024. Automotive, food processing and pharmaceuticals are the main Industries driving the U.S. market. Canada is the second leading market, growing at a CAGR of 3.21% to reach revenue of $183.73 million by 2024 from $149.12 million in 2017. Mexico market is witnessed to grow at a faster pace with a CAGR of 3.45% for the forecast of 2018-2024. Polyisobutylene is used in various applications including explosives, lube additives, automotive and industrial lubricating oils, thickeners and greases and many more. Polyisobutylene is witnessing a significant demand in additives. Contact : sales@industryarc.com

  3. Selected Molecular Weight done in the full Report: Polyisobutylene is commercially available in three variants mainly that include high molecular weight products, medium molecular weight and low molecular weight. Among all the product types, medium molecular weight polyisobutylene is estimated to hold a major share in industries of automotive, and sealants due to its superior UV, oxidation and heat resistive properties. The medium molecular weight segment is expected to grow at a CAGR of 3.73% to reach revenue of $722.7 million in 2024. Rising interest for sealants and adhesives combined with expanding requirement in lubricating oils is expected to increase the market in the near future. Contact : sales@industryarc.com

  4. Selected Driving Factors Mentioned in the Full Report: • Automotive industry combined with expanding interest for substitution tires and tubes is expected to drive demand for PIB during the forecast period. • Growing demand for packaging in the pharmaceutical industry in order to preserve the efficiency of medicines is expected to augment PIB market growth over the forecast period. • Canned food products have found acceptance globally due to its long shelf life and easy storage term. Hence, PIB finds its major applications in canned food products; so the market is set to experience a successful growth in the future. Contact : sales@industryarc.com

  5. Key Players of the North American Polyisobutylene Market Lanxess BASF Reliance Exxonmobil Lubrizol Daelim TPC neos • • • • • • • • Download Sample Report Contact : sales@industryarc.com

  6. You Can Customize the Report as Per Your Need. We have included Some Customization Options Analyst Briefing Company Profile Key Data Tables Contacts Contact : sales@industryarc.com

  7. About IndustryARC IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. Contact : sales@industryarc.com

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