According to a market report by Lucintel, the future of the global medium molecular weight polyisobutylene market looks promising with opportunities in the automotive, construction, transportation, and chemical industries. The global medium molecular weight polyisobutylene market is expected to reach an estimated $5.6 billion by 2030 from $4.4 billion in 2023, at a CAGR of 4.0% from 2024 to 2030. The major drivers for this market are growing demand in the building industry and rising usage of adhesives and sealants.
A more than 150-page report to understand trends, opportunity and forecast in medium molecular weight polyisobutylene market to 2030 by type (food- grade polyisobutylene and industrial-grade polyisobutylene), application (adhesives, sealants, lubricants, roofing, packaging, grease, paraffin, chewing gums, and others), end use (automotive industry, construction industry, transportation industry, chemical industry, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that food grade polyisobutylene will remain the larger segment over the forecast period due to low toxic substances and maintain high temperatures.
Within this market, automotive industry will remain the largest segment due to increasing use of adhesives as that provide a good weight reduction potential and lowers the vehicle weight by 100kg.
APAC will remain the largest region over the forecast period due to rise in the use of lubricating oil and sealants for roofing.
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BASF, Zhejiang Shunda New Material, TPC, Efremov Kautschuk, Shandong Hongrui Petrochemical, JX Holdings, Mayzo are the major suppliers in the medium molecular weight polyisobutylene market.
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Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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