Asia Pacific Highly Reactive Polyisobutylene Market Forecast to 2028 - COVID-19 Impact and Regional Analysis ByApplication (Adhesives/Sealants, Lubricant and Grease, Hydraulic Fluids, Metal Working Fluids, and Others)
The Asia Pacific highly reactive polyisobutylene market is projected to reach US$ 251.56 million by 2028 from US$ 179.75 million in 2021; it is expected to grow at a CAGR of 4.9% from 2021 to 2028.
Players operating in the market in this region increasingly focus on ramping up their production capacities to meet future customer demands by making significant investments. They are implementing plans to set up additional capacities for highly reactive polyisobutylene synthesis. In January 2018, BASF PETRONAS Chemicals began a new plant in Kuantan, Malaysia, for the production of highly reactive polyisobutylene. The new plant, which is likely to address the local market needs, is supported by a strong backward integration of raw materials. In 2019, Saudi Aramco and Total announced an agreement with Daelim, a South Korean petrochemical company, to build a new polyisobutylene facility. As per the Memorandum of Understanding (MoU) between these companies, Daelim is planning to build a new state-of-the-art PIB plant with a capacity of 80,000 tons. The companies are likely to being the new plant in operations in 2024. This specialty chemical project will be using Daelim’s PIB proprietary technology to produce a wide range of products, from conventional PIB (CPIB) to HR-PIB, in a single plant. Hence, the growing focus of market players to escalate their capacities of HR-PIB production will offer huge growth opportunities to them in the coming years.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the highly reactive polyisobutylene market in Asia Pacific at a notable CAGR during the forecast period.
Asia Pacific Highly Reactive Polyisobutylene Market Revenue and Forecast to 2028 (US$ Million)
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Asia Pacific Highly Reactive Polyisobutylene Market Segmentation
The Asia Pacific highly reactive polyisobutylene market, by application, is segmented into adhesives/sealants, lubricant and grease, hydraulic fluids, metal working fluids, and others. In terms of country, the market in this region is further segmented into the Australia, China, India, Japan, South Korea, and Rest of APAC.
Asia Pacific Highly Reactive Polyisobutylene Market Companies
TPC Group, BASF SE,Shandong Hongrui New Material Technology Co.Ltd. ,Daelim Co.ltd ,Chevron Corporation , The Lubrizol Corporation , Weifang Binhai Petro –chem co.ltd , Nelsons Brothers Incorporated are among the leading companies in the Asia Pacific Highly Reactive Polyisobutylene market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Highly Reactive Polyisobutylene Market, by Application
1.3.2 Asia Pacific Highly Reactive Polyisobutylene Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Asia Pacific Highly Reactive Polyisobutylene Market Landscape
4.1 Market Overview
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Asia Pacific Highly Reactive Polyisobutylene Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Use of HR-PIB in High-Performance Fuel and Lubricant Additive Production
5.1.2 Proliferation of Automotive Sector
5.2 Market Restraints
5.2.1 Availability of Substitute
5.3 Market Opportunities
5.3.1 Growing Focus of Market Players on Boosting Production Capacities
5.4 Future Trends
5.4.1 New Polymerization Techniques and Growing Demand in Diverse Industries
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Highly Reactive Polyisobutylene – Country Market Analysis
6.1 Asia Pacific Highly Reactive Polyisobutylene Market Overview
6.2 Asia Pacific Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Mn)
7. Asia Pacific Highly Reactive Polyisobutylene Market Analysis – By Application
7.1 Overview
7.2 Asia Pacific Highly Reactive Polyisobutylene Market, By Application (2020 and 2028)
7.3 Adhesives/Sealants:
7.3.1 Overview
7.3.2 Adhesives/Sealants: Asia Pacific Highly Reactive Polyisobutylene Market – Revenue and Forecast to 2028 (USD Mn)
7.4 Lubricants and Grease:
7.4.1 Overview
7.4.2 Lubricants and Grease: Asia Pacific Highly Reactive Polyisobutylene Market – Revenue and Forecast to 2028 (USD Mn)
7.5 Hydraulic Fluids:
7.5.1 Overview
7.5.2 Hydraulic Fluids: Asia Pacific Highly Reactive Polyisobutylene Market – Revenue and Forecast to 2028 (USD Mn)
7.6 Metal Working Fluids
7.6.1 Overview
7.6.2 Metal Working Fluids: Asia Pacific Highly Reactive Polyisobutylene Market – Revenue and Forecast to 2028 (USD Mn)
7.7 Others
7.7.1 Overview
7.7.2 Others: Asia Pacific Highly Reactive Polyisobutylene Market – Revenue and Forecast to 2028 (USD Mn)
8. Asia Pacific Highly Reactive Polyisobutylene Market –Country Analysis
8.1 Overview
8.2 Asia-Pacific: Highly Reactive Polyisobutylene
8.2.1 Asia-Pacific: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
8.2.1.1 Australia: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
8.2.1.1.1 Australia: Highly Reactive Polyisobutylene, by Application
8.2.1.2 China: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
8.2.1.2.1 China: Highly Reactive Polyisobutylene, by Application
8.2.1.3 India: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
8.2.1.3.1 India: Highly Reactive Polyisobutylene, by Application
8.2.1.4 Japan: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
8.2.1.4.1 Japan: Highly Reactive Polyisobutylene, by Application
8.2.1.5 South Korea: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
8.2.1.5.1 South Korea: Highly Reactive Polyisobutylene, by Application
8.2.1.6 Rest of Asia-Pacific: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
8.2.1.6.1 Rest of Asia-Pacific: Highly Reactive Polyisobutylene, by Application
9. Industry Landscape
9.1 Expansion
10. Company Profiles
10.1 TPC Group
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 BASF SE (BASF PETRONAS Chemicals Sdn. Bhd)
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Shandong Hongrui New Material Technology Co., Ltd
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Daelim Co., Ltd.
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 Chevron Corporation
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 The Lubrizol Corporation
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 Weifang Binhai Petro-chem Co., Ltd.
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 Nelson Brothers Incorporated
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
LIST OF TABLES
Table 1. Asia-Pacific Highly Reactive Polyisobutylene, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia Highly Reactive Polyisobutylene, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 3. China Highly Reactive Polyisobutylene, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. India Highly Reactive Polyisobutylene, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Japan Highly Reactive Polyisobutylene, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. South Korea Highly Reactive Polyisobutylene, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of Asia-Pacific Highly Reactive Polyisobutylene, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Glossary of Terms, Asia Pacific Highly Reactive Polyisobutylene Market
LIST OF FIGURES
Figure 1. Asia Pacific Highly Reactive Polyisobutylene Market Segmentation
Figure 2. Asia Pacific Highly Reactive Polyisobutylene Market Overview
Figure 3. Asia Pacific Highly Reactive Polyisobutylene Market, By Application
Figure 4. Asia Pacific Highly Reactive Polyisobutylene Market, by Country
Figure 5. Porter's Five Forces Analysis
Figure 6. Asia Pacific Highly Reactive Polyisobutylene Market - Ecosystem
Figure 7. Expert Opinion
Figure 8. Asia Pacific Highly Reactive Polyisobutylene Market Impact Analysis of Driver and Restraints
Figure 9. Country Overview of Asia Pacific Highly Reactive Polyisobutylene Market
Figure 10. Asia Pacific Highly Reactive Polyisobutylene Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 11. Asia-Pacific: Highly Reactive Polyisobutylene Revenue Share, by Application (2020 and 2028)
Figure 12. Adhesives/Sealants: Asia Pacific Highly Reactive Polyisobutylene Market – Revenue and Forecast To 2028 (USD Mn)
Figure 13. Lubricants and Grease: Asia Pacific Highly Reactive Polyisobutylene Market – Revenue and Forecast To 2028 (USD Mn)
Figure 14. Hydraulic Fluids: Asia Pacific Highly Reactive Polyisobutylene Market – Revenue and Forecast To 2028 (USD Mn)
Figure 15. Metal Working Fluids: Asia Pacific Highly Reactive Polyisobutylene Market – Revenue and Forecast To 2028 (USD Mn)
Figure 16. Others: Asia Pacific Highly Reactive Polyisobutylene Market – Revenue and Forecast To 2028 (USD Mn)
Figure 17. Asia Pacific Highly Reactive Polyisobutylene Market Revenue Share, by Region (2020 and 2028)
Figure 18. Asia-Pacific: Highly Reactive Polyisobutylene – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Australia: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
Figure 20. China: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
Figure 21. India: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
Figure 22. Japan: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
Figure 23. South Korea: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
Figure 24. Rest of Asia-Pacific: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
- TPC Group
- BASF SE
- Shandong Hongrui New Material Technology Co.Ltd
- Daelim Co.ltd
- Chevron Corporation
- The Lubrizol Corporation
- Weifang Binhai Petro –chem co.ltd
- Nelsons Brothers Incorporated
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific Highly Reactive Polyisobutylene Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in Asia Pacific Highly Reactive Polyisobutylene Market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.