DUBLIN, Aug. 28, 2014 /PRNewswire/ -- Research and
Markets has announced the addition of the "Polyisobutylene
(Butyl Rubber) Market for Automotives, Additives and Other
Applications - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast 2013 - 2019" report to their offering.
http://photos.prnewswire.com/prnh/20130307/600769
Polyisobutylene (PIB) or butyl rubber (IIR) is a commercial
synthetic rubber used for manufacturing a range of products such as
innerliners of tires, additives for motor oils, adhesive tapes,
sealants, stoppers for medical bottles and sports equipment among
others. PIB has applications in various industries on account of
its excellent impermeability, thermal stability and
flexibility.
Different innovations and changing trends in the tire technology
have led to the growing demand for polyisobutylene in the
automotives industry. Polyisobutylene is increasingly being used to
manufacture durable tires. In addition, the growing automotive
industry coupled with the increasing demand for replacement of
tires and tubes is expected to drive the demand for the
polyisobutylene within the forecast period. The rising demand for
polyisobutylene in sealants and adhesives on account of its
superior elastic properties coupled with the rapid growing need of
polyisobutylene in pharmaceutical packaging is expected to augment
the demand for PIB in the near future. PIB is transported around
the world on a regular and increasing basis.
It is one of the most rapidly growing segments of the rubber
industry. However, PIB becomes highly reactive and unstable at high
temperatures which may lead to potentially hazardous accidents.
Additionally, use of polyisobutylene in ship engines as a lubricant
results in the contamination of water leads to pollution of the
water bodies which in turn may result in harming aquatic life by
causing deaths and genetic alteration in the long run. These
parameters are expected to hamper the PIB market over the next few
years. Focus towards R&D activities on recycling of rubber is
expected to provide new opportunities for the growth of the
market.
Automotives was the largest application segment of PIB accounting
for 75.3% in 2012 followed by its demand in additives. This trend
is expected to grow within the forecast period. Strong economic
environment which is resulting in new vehicle production is
expected to increase the demand for tires and tubes and in turn
polyisobutylene. Emerging economies such as the BRIC represent
major markets for automobiles which would drive the PIB market
within the forecast period. In addition, increasing demand for
additives in lubricants, other fuels and formulations is
anticipated to increase the demand for PIB in additives. Demand for
PIB in other applications such as construction, adhesives and
pharmaceuticals are expected to be one of the attractive segments
for the PIB market within the forecast period.
In 2012, demand for PIB was 485.7 kilo tons in Asia Pacific and is expected to witness the
highest growth over the next six years. Several factors such as
rising demand of tubeless tires, changing lifestyles, growing
demand for hygiene in medical areas, urbanization, rising
infrastructural activities are expected to drive the demand for PIB
in this region. Demand for PIB is expected to be steady in
developed markets of North America
and Europe in the next few years
with respect to end-use categories such as replacement of
lubricants, motor oils and additives for other applications.
Presence of stringent regulations regarding packaging of
pharmaceuticals to prevent presence of fraudulent drugs in the
market and maintenance of the chemical properties of the drugs is
expected to boost the demand for polyisobutylene over the next few
years.
Companies such as BASF SE, Chevron Oronite, ExxonMobil Corporation,
Infineum, Lanxess, TPC Group and the Lubrizol Corporation are the
key players of the PIB market. In addition, the polyisobutylene
market is highly consolidated, with the top six companies having a
market share of more than 60%. The consolidated nature of the
market provides very less scope for new players to enter into the
market.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Polyisobutylene - Industry Analysis
Chapter 4 Global Polyisobutylene Market - Application Analysis
Chapter 5 Global Polyisobutylene Market - Regional Analysis
Chapter 6 Company Profiles
Companies Mentioned:
- BASF SE
- Chevron Oronite Company LLC
- ExxonMobil Corporation
- Ineos
- Infineum International Ltd.
- Lanxess
- TPC Group
- The Lubrizol Corporation
For more information visit
http://www.researchandmarkets.com/research/7sp9pn/polyisobutylene
Media Contact: Laura Wood,
+353-1-481-1716, press@researchandmarkets.net