Asia Pacific Shows Most Lucrative Potential in Global Medium Molecular Weight Polyisobutylene Market.

Transparency Market Research has published a new market report, titled “Medium Molecular Weight Polyisobutylene Market for Gum Base, Adhesives, Sealants, Lubricants, and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015–2023.” The global medium molecular weight polyisobutylene market was valued at US$420.5 mn in 2014 and is anticipated to reach US$610.1 mn in 2023, at a CAGR of 4.3% between 2015 and 2023.

In terms of volume, Asia Pacific is projected to be the fastest-growing region in the medium molecular weight polyisobutylene market, expanding at a CAGR of 5.1% between 2015 and 2023. Asia Pacific held over 35% share of the global medium molecular weight polyisobutylene market in 2014. China accounted for major share of the medium molecular weight polyisobutylene market in the region in 2014, led by rising demand in end-user industries such as construction, automotive, and food. The growth of medium molecular weight polyisobutylene market is also estimated to be substantial in other emerging economies in Asia Pacific, such as India, South Korea, and Thailand, in the near future.

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Europe was the second-largest regional market for medium molecular weight polyisobutylene in 2014. European legislation is attempting to reduce pollution from diesel cars across Europe which in turn is expected to drive the demand for the medium molecular weight polyisobutylene region, as it is used in motor fuels and other lubricants extensively in order to reduce the generation of oil mist, thus, preventing pollution and improving the efficiency of vehicles. Demand for medium molecular weight polyisobutylene in Europe is projected to be steady during the forecast period, as the region is a mature market. However, maintenance of old vehicles is a booming trend in Europe. This is likely to keep the demand for medium molecular weight polyisobutylene steady in the next few years.

The medium molecular weight polyisobutylene market in North America is anticipated to experience sluggish growth during the forecast period. However, sharp rise in gasoline prices has compelled regulatory bodies in the U.S. to consider the implementation of aggressive fuel efficiency standards. Thus, consumers are focusing on using lubricants and other automotive fuels in order to maintain the efficiency of their vehicle. This, in turn, is estimated to propel the medium molecular weight polyisobutylene market in the next few years. The U.S. is a major consumer of medium molecular weight polyisobutylene in North America.

The medium molecular weight polyisobutylene market in Brazil is projected to expand in the next few years owing to growth in end-user industries in Latin America. Several investments are anticipated in the adhesives & sealants industry in the near future. Additionally, the medium molecular weight polyisobutylene market in Argentina and Venezuela is likely to expand significantly during the forecast period. Improvement in economic conditions in Middle East & Africa due to increase in infrastructural activities is expected to augment the medium molecular weight polyisobutylene market in the region.

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Key players operating in the medium molecular weight polyisobutylene market include BASF SE, Zhejiang Shunda New Material Co., JX Nippon Oil & Energy Corporation, and Shandong Hongrui Petrochemical Co. Ltd.

The Report Segments the Medium Molecular Weight Polyisobutylene Market as follows:

Global Medium Molecular Weight Polyisobutylene Market – Application Analysis

• Gum base
• Adhesives
• Sealants
• Lubricants
• Others (Including bitumen modification, etc.)

Global Medium Molecular Weight Polyisobutylene Market – RegionalAnalysis

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

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