Polyisobutene (PIB) Market
Polyisobutene (PIB) Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Polyisobutene (PIB) Market Size and Growth
The Polyisobutene (PIB) market is experiencing robust growth, driven by increasing demand in adhesives, sealants, and lubricant industries. As of 2023, the global PIB market is valued at approximately $1.5 billion, projected to expand at a CAGR of 4.5% over the next five years, reflecting rising applications across various sectors.
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Companies Covered
(Covid 19 Impact Covered)
◍ BASF
◍ Zhejiang Shunda New Material Co., Ltd
◍ DuPont
◍ Braskem
◍ INEOS Group
◍ Lubrizol
◍ Kothari Petrochemicals, Ltd
◍ TPC Group
The Polyisobutene (PIB) market features key players like BASF, DuPont, and INEOS Group, driving growth through diverse applications in adhesives, automotive, and lubricants. Companies like Lubrizol and TPC Group innovate product formulations, enhancing market offerings. Sales revenues for major firms range from millions to billions, supporting market expansion.
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Market Segmentation
By Application
◍ Adhesives
◍ Electrical Insulation Materials
◍ Lubricants and Greases
◍ Sealants and Caulks
◍ Wrap Films
◍ Others
By Product
◍ Low Molecular Weight ◍ Medium Molecular Weight ◍ High Molecular Weight
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Market Growth
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$ X Billion USD
