Global Polyisobutylene Market Anticipated to Grow at a CAGR of 4.80% During 2016-2024

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According to Goldstein Research, global polyisobutylene market is expected to reach USD 4.51 billion by 2024, growing at a CAGR of 4.80% over the forecast period 2016-2024. The strong application of polyisobutylene in the automotive industry for manufacturing of tires and tubes and increasing application as the binding agent in plastic explosives by explosives industry is accelerating the growth of polyisobutylene market growth. Global polyisobutylene market segmentation has been done on the basis of product type, applications, end user and geography. Based on the end user, an automotive sector dominated the market with a market share of over 70% in 2016 owing to rising number of automotive which is fuelling the demand for polyisobutylene tire tubes, hoses, and gaskets.

Global polyisobutylene market is largely dominated by Asia Pacific which is projected to witness a robust growth with a CAGR of 4.0% over the forecast period. On the other hand, Europe is the fastest growing region for market and is anticipated to grow at a CAGR of 4.12% during the forecast period.

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Market Segmentation
On the basis of our in-depth analysis, Global Polyisobutylene Market can be segmented as follows:

Based on Product Type

Low Molecular Weight Polyisobutylene
Medium Molecular Weight Polyisobutylene

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High Molecular Weight Polyisobutylene

Based on Applications

Fuel & Lubricant Additives
Adhesive & Sealants
Plastic & Elastomer Modifier
Tires & Tubes
Others (Chewing Gum, Detergents, and Dispersants)

Based on End-User

Explosive Industry
Sports Industry
Construction Industry
Chemical Industry
Pharmaceutical Industry
Automotive Industry

By Region

North America
Europe
Middle East And Africa
Latin America
Asia Pacific

Polyisobutylene Market Analysis by Goldstein Research contains a detailed overview of the global polyisobutylene market. The analysis report highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities, and investments. The in-depth analysis of polyisobutylene market report will help the clients to assess their business strategies as per the competitive environment in the market space.

Major players of the global polyisobutylene market discussed in the report are BASF SE, Chevron Oronite, Daelim, Ineos Group, Lubrizol Corporation, TPC Group, DOW Corning, Infineum, Braskem, Exxon Mobil, Lanxess AG, Kothari Petrochemicals Limited, ENEOS, ShanndongHongrui Petrochemical Co. Ltd., etc.

Further, the report encompasses the major trends & growth opportunities, market dynamics & polyisobutylene market forecast for 2016-2024. The Polyisobutylene Market outlook also comprises of key challenges for the market players, risk analysis, SWOT Analysis, BPS analysis, and Market Attractiveness. The report also includes the expert analysis which provides the complete overview of the market post analysis of the economic, political, environmental & social factors of each region and country.

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Browse Full Report: https://www.goldsteinresearch.com/report/global-polyisobutylene-market-outlook

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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors' overview.

Our analysts working on chemicals industry trends helping various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients' needs and business agenda.

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