Asia Pacific Polyisobutylene Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Molecular Weight (Low, Medium, and High), Product (Conventional PIB, and Highly Reactive PIB), Application (Tires, Industrial Lubes and Lube Additives, Fuel Additives, Adhesives and Sealants, and Others), End User Industry (Industrial, Food, and Others)

TIPRE00014211 | Pages: 98 | Chemicals and Materials | Sep 2020 | Type: Regional | Status: Published
Market Introduction
Polyisobutylene (PIB) is a gas-impermeable synthetic rubber manufactured and used globally to produce chewing gums, cling-film, fuel additives, sealants, adhesives, and lubricants. The demand for polyisobutylene is on the rise on account of increasing consumption of end products such as adhesives, sealants, asphalts, etc. The increased consumption of polyisobutylene in the developed and developing regions is expected to provide a growth opportunity for the polyisobutylene market over the forecast period.

Moreover, the automotive industry to boost the market growth is driving the market’s growth. However, environmental impact and presence of alternatives/substitutes to critically impacts the growth of the market.

The COVID-19 is anticipated to cause a loss of more than 3 billion in the Asia Pacific region. The consequence and impact can be even worse and totally depends on the spread of the virus. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the coronavirus (COVID-19) outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are anticipated to negatively impact market growth in the coming period. Till now, China has the highest number of COVID -19 confirmed cases.
 

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Market Overview and Dynamics

The Asia Pacific polyisobutylene market is expected to reach US$ 1,108.9 million by 2028 from US$ 799.3 million in 2021. The market is estimated to grow at a CAGR of 4.8% from 2021–2028. Urbanization is considered as just one of the international megatrends shaking up the construction industry. The population of the Asia Pacific urban zones is raising by 200,000 people per day, all of whom need reasonably priced housing as well as transportation, social and utility infrastructure. In such challenges, the construction industry is practically under a moral compulsion to transform. Its transformation is impacting elsewhere on the wider society, by reducing construction costs and by enlightening the use of scarce materials or by making buildings more eco-efficient and boosting economic development and by narrowing the Asia Pacific infrastructure gap. Utilization of polyisobutylene in owing to demand for material with high melt flow rates, greater elongation, as well as enhanced impact strength. Increasing infrastructure demand in the evolving economies on account of developing road infrastructure, increase in per capita ownership of houses and rising spending capacity is expected to affect the construction sector in the region, which in turn will drive the demand for polyisobutylene in Asia Pacific.

Key Market Segments
In terms of product, the highly reactive PIB segment accounted for the largest share of the Asia Pacific polyisobutylene market in 2020. In terms of molecular weight, the high segment accounted for the largest share of the Asia Pacific polyisobutylene market in 2020. In terms of application, the industrial lubes and lube additives segment accounted for the largest share of the Asia Pacific polyisobutylene market in 2020. In terms of end user, the industrial segment accounted for the largest share of the Asia Pacific polyisobutylene market in 2020.

Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the polyisobutylene market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are BASF SE, Braskem S.A., Daelim Industrial Petrochemical Division, Ineos AG, Infineum International Limited., Kothari Petrochemicals, Sibur Holding PJSC, The Lubrizol Corporation, and TPC Group.
 
Reasons to Buy Report
  • To understand the Asia Pacific polyisobutylene market landscape and identify market segments that are likely to guarantee a strong return
  • To comprehend the ever-changing market landscape and stay ahead in competition
  • To efficiently plan merger and acquisition, and partnership deals in the Asia Pacific polyisobutylene market by identifying segments with the most promising probable sales
  • To make knowledgeable business decisions from perceptive and comprehensive analysis of the market performance of various segments
  • To obtain market revenue forecast of the Asia Pacific polyisobutylene market based on various segments for the period 2021–2028
ASIA PACIFIC POLYISOBUTYLENE MARKET SEGMENTATION
 
By Molecular Weight
  • Low
  • Medium
  • High
By Product
  • Conventional PIB
  • Highly Reactive PIB
By Application
  • Tires
  • Industrial Lubes and Lube Additives
  • Fuel Additives
  • Adhesives and Sealants
  • Other Application
By End User
  • Industrial
  • Food
  • Others
By Country
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific 
Companies Mentioned
  • BASF SE
  • Braskem S.A.
  • Daelim Industrial Petrochemical Division
  • Ineos AG
  • Infineum International Limited
  • The Lubrizol Corporation
  • TPC Group                     
  • Kothari Petrochemicals
  • Sibur Holding PJSC

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

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.           Polyisobutylene (PIB) Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.2.1        Asia Pacific

4.3         Expert Opinion

5.           Polyisobutylene (PIB) Market –Market Dynamics

5.1         Market Drivers

5.1.1        Automotive Industry to Boost the Market Growth

5.1.2        Growing Demand for Polyisobutylene from Construction Industry

5.2         Market Restraints

5.2.1        Environmental impact and presence of alternatives/substitutes to hamper the market growth

5.3         Market Opportunities

5.3.1        Growing Demand for PIB From Developed and Developing Economies

5.4         Future Trends

5.4.1        Growing Demand For Polyisobutylene in Food Industry

5.5         Impact Analysis of Drivers and Restraints

6.           Polyisobutylene (PIB)– Asia Pacific Market Analysis

6.1         Polyisobutylene (PIB) Market Overview

6.2         Polyisobutylene (PIB) Market –Revenue and Forecast to 2028 (US$ Mn)

7.           Asia Pacific Polyisobutylene Market Analysis – By Molecular Weight

7.1         Overview

7.2         Polyisobutylene Market Breakdown, By Molecular Weight, 2020 &2028

7.3         Low Molecular Weight

7.3.1        Overview

7.3.2        Low Molecular Weight in Polyisobutylene Market, Revenue Forecast to 2028 (US$ Mn)

7.4         Medium Molecular Weight

7.4.1        Overview

7.4.2        Medium Molecular Weight in Polyisobutylene Market, Revenue and Forecast to 2028 (US$ Mn)

7.5         High Molecular Weight

7.5.1        Overview

7.5.2        High Molecular Weight in Polyisobutylene Market, Revenue and Forecast to 2028 (US$ Mn)

8.           Asia Pacific Polyisobutylene Market Analysis –  By Product

8.1         Overview

8.2         Asia Pacific Polyisobutylene Market Breakdown, By Product, 2020 &2028

8.3         Conventional PIB

8.3.1        Overview

8.3.2        Asia Pacific Polyisobutylene Market Revenue Via Conventional PIB Revenue and Forecast, to 2028 (US$ Mn)

8.4         Highly Reactive PIB

8.4.1        Overview

8.4.2        Asia Pacific Polyisobutylene Market Revenue Via Highly Reactive PIB Revenue and Forecast, to 2028 (US$ Mn)

9.           Polyisobutylene (PIB) Market Analysis – By Application

9.1         Overview

9.2         Polyisobutylene (PIB) Market Share, by Application, 2020 and 2028 (%)

9.3         Tires

9.3.1        Overview

9.3.2        Tires: Polyisobutylene (PIB) Market– Revenue and Forecast to 2028 (US$ Mn)

9.3.3        Industrial Lubes and Lube Additives

9.3.3.1          Overview

9.3.3.2          Industrial Lubes and Lube Additives -: Polyisobutylene (PIB) Market– Revenue and Forecast to 2028 (US$ Mn)

9.3.4        Fuel Additives

9.3.4.1          Overview

9.3.4.2          Fuel Additives -: Polyisobutylene (PIB) Market– Revenue and Forecast to 2028 (US$ Mn)

9.3.5        Adhesives and Sealants

9.3.5.1          Overview

9.3.5.2          Adhesives and Sealants -: Polyisobutylene (PIB) Market– Revenue and Forecast to 2028 (US$ Mn)

9.3.6        Others

9.3.6.1          Overview

9.3.6.2          Others -: Polyisobutylene (PIB) Market– Revenue and Forecast to 2028 (US$ Mn)

10.        Polyisobutylene (PIB) Market Analysis – By End User Industry

10.1      Overview

10.2      Polyisobutylene (PIB) Market Share, by End User Industry, 2020 and 2028 (%)

10.3      Industrial

10.3.1     Overview

10.3.2     Industrial: Polyisobutylene (PIB) Market– Revenue and Forecast to 2028 (US$ Mn)

10.4      Food

10.4.1     Overview

10.4.2     Food: Polyisobutylene (PIB) Market– Revenue and Forecast to 2028 (US$ Mn)

10.5      Others

10.5.1     Overview

10.5.2     Other: Polyisobutylene (PIB) Market– Revenue and Forecast to 2028 (US$ Mn)

11.        Polyisobutylene Market – Geographic Analysis

11.1      Asia Pacific: Polyisobutylene Market

11.1.1     Asia Pacific: Polyisobutylene Market – Revenue and Forecast to 2028(US$ Mn)

11.1.2     Asia Pacific: Polyisobutylene Market, Molecular Weight

11.1.3     Asia Pacific: Polyisobutylene Market, Product

11.1.4     Asia Pacific: Polyisobutylene Market, Application

11.1.5     Asia Pacific: Polyisobutylene Market, End-User Industry

11.1.6     Asia Pacific: Polyisobutylene Market, by Key Country

11.1.6.1       China: Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Mn)

11.1.6.1.1       China: Polyisobutylene Market, Molecular Weight

11.1.6.1.2       China: Polyisobutylene Market, Product

11.1.6.1.3       China: Polyisobutylene Market, Application

11.1.6.1.4       China: Polyisobutylene Market, End-User Industry

11.1.6.2       Japan: Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Mn)

11.1.6.2.1       Japan: Polyisobutylene Market, Molecular Weight

11.1.6.2.2       Japan: Polyisobutylene Market, Product

11.1.6.2.3       Japan: Polyisobutylene Market, Application

11.1.6.2.4       Japan: Polyisobutylene Market, End-User Industry

11.1.6.3       India: Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Mn)

11.1.6.3.1       India: Polyisobutylene Market, Molecular Weight

11.1.6.3.2       India: Polyisobutylene Market, Product

11.1.6.3.3       India: Polyisobutylene Market, Application

11.1.6.3.4       India: Polyisobutylene Market, End-User Industry

11.1.6.4       South Korea: Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Mn)

11.1.6.4.1       South Korea: Polyisobutylene Market, Molecular Weight

11.1.6.4.2       South Korea: Polyisobutylene Market, Product

11.1.6.4.3       South Korea: Polyisobutylene Market, Application

11.1.6.4.4       South Korea: Polyisobutylene Market, End-User Industry

11.1.6.5       Rest of Asia Pacific: Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Mn)

11.1.6.5.1       Rest of Asia Pacific: Polyisobutylene Market, Molecular Weight

11.1.6.5.2       Rest of Asia Pacific: Polyisobutylene Market, Product

11.1.6.5.3       Rest of Asia Pacific: Polyisobutylene Market, Application

11.1.6.5.4       Rest of Asia Pacific: Polyisobutylene Market, End-User Industry

12.        Impact of COVID-19 Pandemic on Asia Pacific Polyisobutylene Market

12.1      Asia Pacific: Impact Assessment of COVID-19 Pandemic

13.        Industry Landscape

13.1      Expansion

13.2      Business Planning and Strategy

14.        Polyisobutylene (PIB) Market –Company Profiles

14.1      BASF SE

14.1.1     Key Facts

14.1.2     Business Description

14.1.3     Products and Services

14.1.4     Financial Overview

14.1.5     SWOT Analysis

14.1.6     Key Developments

14.2      Braskem SA

14.2.1     Key Facts

14.2.2     Business Description

14.2.3     Products

14.2.4     Financial Overview

14.2.5     SWOT Analysis

14.3      Daelim Industrial Petrochemical Division

14.3.1     Key Facts

14.3.2     Business Description

14.3.3     Products and Services

14.3.4     Financial Overview

14.3.5     SWOT Analysis

14.3.6     Key Developments

14.4      Ineos AG

14.4.1     Key Facts

14.4.2     Business Description

14.4.3     Products and Services

14.4.4     Financial Overview

14.4.5     SWOT Analysis

14.5      Infineum International Limited

14.5.1     Key Facts

14.5.2     Business Description

14.5.3     Products and Services

14.5.4     Financial Overview

14.5.5     SWOT Analysis

14.6      Kothari Petrochemicals

14.6.1     Key Facts

14.6.2     Business Description

14.6.3     Products

14.6.4     Financial Overview

14.6.5     SWOT Analysis

14.7      Sibur Holding PJSC

14.7.1     Key Facts

14.7.2     Business Description

14.7.3     Products

14.7.4     Financial Overview

14.7.5     SWOT Analysis

14.8      The Lubrizol Corporation

14.8.1     Key Facts

14.8.2     Business Description

14.8.3     Products

14.8.4     Financial Overview

14.8.5     SWOT Analysis

14.9      TPC Group

14.9.1     Key Facts

14.9.2     Business Description

14.9.3     Products and Services

14.9.4     Financial Overview

14.9.5     SWOT Analysis

15.        Appendix

15.1      About The Insight Partners

15.2      Glossary

 

 

 

LIST OF TABLES

Table 1.             Asia Pacific Polyisobutylene Market, Molecular Weight– Revenue and Forecast to 2028 (US$ Mn)

Table 2.             Asia Pacific Polyisobutylene Market, Product – Revenue and Forecast to 2028 (US$ Mn)

Table 3.             Asia Pacific Polyisobutylene Market, Application – Revenue and Forecast to 2028 (US$ Mn)

Table 4.             Asia Pacific Polyisobutylene Market, End-User Industry – Revenue and Forecast to 2028 (US$ Mn)

Table 5.             China Polyisobutylene Market, Molecular Weight – Revenue and Forecast to 2028 (US$ Mn)

Table 6.             China Polyisobutylene Market, Product – Revenue and Forecast to 2028 (US$ Mn)

Table 7.             China Polyisobutylene Market, Application – Revenue and Forecast to 2028 (US$ Mn)

Table 8.             China Polyisobutylene Market, End-User Industry – Revenue and Forecast to 2028 (US$ Mn)

Table 9.             Japan Polyisobutylene Market, Molecular Weight– Revenue and Forecast to 2028 (US$ Mn)

Table 10.          Japan Polyisobutylene Market, Product – Revenue and Forecast to 2028 (US$ Mn)

Table 11.          Japan Polyisobutylene Market, Application – Revenue and Forecast to 2028 (US$ Mn)

Table 12.          Japan Polyisobutylene Market, End-User Industry – Revenue and Forecast to 2028 (US$ Mn)

Table 13.          India Polyisobutylene Market, Molecular Weight– Revenue and Forecast to 2028 (US$ Mn)

Table 14.          India Polyisobutylene Market, Product – Revenue and Forecast to 2028 (US$ Mn)

Table 15.          India Polyisobutylene Market, Application – Revenue and Forecast to 2028 (US$ Mn)

Table 16.          India Polyisobutylene Market, End-User Industry – Revenue and Forecast to 2028 (US$ Mn)

Table 17.          South Korea Polyisobutylene Market, Molecular Weight– Revenue and Forecast to 2028 (US$ Mn)

Table 18.          South Korea Polyisobutylene Market, Product – Revenue and Forecast to 2028 (US$ Mn)

Table 19.          South Korea Polyisobutylene Market, Application – Revenue and Forecast to 2028 (US$ Mn)

Table 20.          South Korea Polyisobutylene Market, End-User Industry – Revenue and Forecast to 2028 (US$ Mn)

Table 21.          Rest of Asia Pacific Polyisobutylene Market, Molecular Weight– Revenue and Forecast to 2028 (US$ Mn)

Table 22.          Rest of Asia Pacific Polyisobutylene Market, Product – Revenue and Forecast to 2028 (US$ Mn)

Table 23.          Rest of Asia Pacific Polyisobutylene Market, Application – Revenue and Forecast to 2028 (US$ Mn)

Table 24.          Rest of Asia Pacific Polyisobutylene Market, End-User Industry – Revenue and Forecast to 2028 (US$ Mn)

Table 25.          Glossary of Terms, Asia Pacific Polyisobutylene Market

 

 

 

LIST OF FIGURES

Figure 1.           Polyisobutylene (PIB) Market Segmentation

Figure 2.           Asia Pacific Polyisobutylene (PIB) Market Overview

Figure 3.           The Highly Reactive (PIB) Segment Held Largest Share of Asia Pacific Polyisobutylene (PIB) Market by Product

Figure 4.           China Held Largest Share of Asia Pacific Polyisobutylene (PIB) Market

Figure 5.           Asia Pacific Polyisobutylene (PIB) Market, Industry Landscape

Figure 6.           Asia Pacific PEST Analysis

Figure 7.           Expert Opinion

Figure 8.           Polyisobutylene (PIB) Market Impact Analysis of Drivers And Restraints

Figure 9.           Geographic Overview of Asia Pacific Polyisobutylene (PIB) Market

Figure 10.        Polyisobutylene (PIB) Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 11.        Polyisobutylene Market Breakdown, by Molecular Weight, 2020 &2028 (%)

Figure 12.        Low Molecular Weight in Polyisobutylene Market, Revenue and Forecast, 2017–2028 (US$ Mn)

Figure 13.        Medium Molecular Weight in Polyisobutylene Market, Revenue and Forecast, 2017–2028 (US$ Mn)

Figure 14.        High Molecular Weight in Polyisobutylene Market, Revenue and Forecast, 2017–2028 (US$ Mn)

Figure 15.        Asia Pacific Polyisobutylene Market Breakdown by Product, 2020 &2028 (%)

Figure 16.        Asia Pacific Polyisobutylene Market Revenue Via Conventional PIB Forecast, to 2028 (US$ Mn)

Figure 17.        Asia Pacific Polyisobutylene Market Revenue Via Highly Reactive PIB Revenue and Forecasts to 2028 (US$ Mn)

Figure 18.        Polyisobutylene (PIB) Market Share, by Application, 2020 and 2028 (%)

Figure 19.        Tires: Polyisobutylene (PIB) Market– Revenue and Forecast to 2028 (US$ Mn)

Figure 20.        Industrial Lubes and Lube Additives-: Polyisobutylene (PIB) Market– Revenue and Forecast to 2028 (US$ Mn)

Figure 21.        Fuel Additives-: Polyisobutylene (PIB) Market– Revenue and Forecast to 2028 (US$ Mn)

Figure 22.        Adhesives and Sealants-: Polyisobutylene (PIB) Market– Revenue and Forecast to 2028 (US$ Mn)

Figure 23.        Others-: Polyisobutylene (PIB) Market– Revenue and Forecast to 2028 (US$ Mn)

Figure 24.        Polyisobutylene (PIB) Market Share, by End User Industry, 2020 and 2028 (%)

Figure 25.        Industrial: Polyisobutylene (PIB) Market– Revenue and Forecast to 2028 (US$ Mn)

Figure 26.        Food: Polyisobutylene (PIB) Market– Revenue and Forecast to 2028 (US$ Mn)

Figure 27.        Other: Polyisobutylene (PIB) Market– Revenue and Forecast to 2028 (US$ Mn)

Figure 28.        Asia Pacific: Polyisobutylene Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 29.        Asia Pacific: Polyisobutylene Market Revenue Share, Molecular Weight (2020 and 2028)

Figure 30.        Asia Pacific: Polyisobutylene Market Revenue Share, Product (2020 and 2028)

Figure 31.        Asia Pacific: Polyisobutylene Market Revenue Share, Application (2020 and 2028)

Figure 32.        Asia Pacific: Polyisobutylene Market Revenue Share, End-User Industry (2020 and 2028)

Figure 33.        Asia Pacific: Polyisobutylene Market Revenue Share, by Key Country (2020 and 2028)

Figure 34.        China: Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 35.        Japan: Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 36.        India: Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 37.        South Korea: Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 38.        Rest of Asia Pacific: Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 39.        Impact of COVID-19 Pandemic in Asia pacific Country Markets

  1. BASF SE
  2. Braskem S.A.
  3. Daelim Industrial Petrochemical Division
  4. Ineos AG
  5. Infineum International Limited
  6. The Lubrizol Corporation
  7. TPC Group      
  8. Kothari Petrochemicals
  9. Sibur Holding PJSC
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific 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 the Asia Pacific 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 global 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.
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