Report : South America Polyisobutylene Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Molecular Weight (Low, Medium, and High), Product (Conventional PIB, Highly Reactive PIB), Application (Tires, Industrial Lubes and Lube Additives, Fuel Additives, Adhesives and Sealants), and End Use (Industrial, Food, and Others)
Industrial lubes and lube additives Segment to Dominate SAM Polyisobutylene Market during 2019–2027
According to a new market research study on “SAM Polyisobutylene Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Molecular Weight, Product, Application, and End Use,” is expected to reach US$ 207.7 million by 2027 from US$ 154.9 million in 2019. The market is estimated to grow at a CAGR of 3.7% from 2020 to 2027. The report provides trends prevailing in the SAM polyisobutylene market along with the drivers and restraints pertaining to the market growth. Automotive industry to increase the market growth are the major factor driving the growth of the SAM polyisobutylene market. However, issues associated with the environment and presence of alternatives/ substitutes hinder the growth of SAM polyisobutylene market.
The market for polyisobutylene market is segmented into molecular weight, product, application, end user, and country. Based on molecular weight, the market is segmented into low, medium, and high. In 2019, the high segment held the largest share SAM polyisobutylene market. Based on product the polyisobutylene market is divided into conventional PIB, and highly reactive PIB. Highly reactive PIB is expected to the fastest growing segment over the forecast period. On the basis of application the market is segmented into tires, industrial lubes and lube additives, fuel additives, and adhesives and sealants. The industrial lubes and lube additives segment accounts for largest market share in the 2019. Similarly, based on end user, the market is bifurcated into industrial, food, and others. The industrial segment contributed a substantial share in 2019.
Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The government of South America has taken an array of actions to protect their citizens and contain COVID-19’s spread. It is anticipated that South America will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to China, Europe, and the United States, which are important trade partners. Containment measures in several countries of South America will reduce economic activity in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.
BASF SE, Braskem SA, Infineum International Limited, Ineos AG and TPC Group are among the leading companies in the SAM Polyisobutylene market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, INEOS has launched Ineos Hygienics as part of its pandemic response to produce hand gel and sanitiser sprays at scale.
SAM Polyisobutylene Market, By Country, 2019 and 2027 (%)
SAM Polyisobutylene Market – by Molecular Weight
SAM Polyisobutylene Market – by Product
- Conventional PIB
- Highly Reactive PIB
SAM Polyisobutylene Market – by Application
- Industrial Lubes and Lube Additives
- Fuel Additives
- Adhesives and Sealants
SAM Polyisobutylene Market – by End Use Industry
SAM Polyisobutylene Market – by Country
- Rest of SAM
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