The global Polyisobutylene (PIB) market size was USD 2.90 Billion in 2022 and is expected to register a revenue CAGR of 6.1% during the forecast period. Significant investments in undercoating and rustproofing in the automotive industry play a major role in driving market revenue growth. PIB-based undercoating and rustproofing materials are used to protect undercarriage of vehicles from corrosion and abrasion caused by road salt, water, and debris. These coatings provide a durable barrier against environmental damage. In addition, Polyisobutylene (PIB) are widely used as vibration dampers in various vehicle components, including suspension systems and engine mounts. Their viscoelastic properties help reduce noise and vibrations, leading to improved ride comfort and reduced wear and tear on vehicle components. Globalization of supply chains and rising demand from aerospace and defense industry are major factors driving the market revenue growth. PIBs continue to be used in aerospace applications, including fuel systems and lubricants for aircraft engines. The aerospace industry demands high-performance materials that can withstand extreme conditions.

The Global Polyisobutylene Market Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Polyisobutylene Market market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry.

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Effect of COVID-19 on the global market for Polyisobutylene Market

The COVID-19 pandemic had a significant negative influence on the market for Polyisobutylene Market in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Polyisobutylene Market were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Polyisobutylene Market in 2020. Additionally, demand for Polyisobutylene Market decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.

Polyisobutylene Market market : Competitive Landscape

The prominent players operating in the Polyisobutylene Market market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Polyisobutylene Market market .

BASF SE, Daelim Co., Ltd., TPC Group, Braskem, Evonik Oxeno, Chevron Oronite, YPF, KEMAT Polybutylenes, Kothari Petrochemicals Limited, Zhejiang Shunda New Material Co., Ltd

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the Global Polyisobutylene Market Market Research Report provides forecasts and future market projections, equipping businesses with the necessary tools to plan ahead. The report’s forward-looking approach, backed by data-driven predictions, ensures that companies can navigate the evolving market landscape with confidence. Through a combination of current market analysis and future outlook, the report serves as an invaluable resource for businesses aiming for long-term success.

Based on types, the market is segmented into

Product Type Outlook (Revenue, USD Billion; 2019-2032) Conventional PIB Highly Reactive PIB Others Application Outlook (Revenue, USD Billion; 2019-2032) Lube Additives Fuel Additives Industrial Lubes & Others Others End-Use Industry Outlook (Revenue, USD Billion; 2019-2032) Transportation Industrial Food Others Regional Outlook :

The growth of the Polyisobutylene Market Market on a global scale is influenced by region-specific dynamics. North America and Europe lead with technological innovation and solid regulatory environments, though supply chain challenges and compliance issues are present. In the Asia-Pacific region, especially in China and India, rapid urbanization and heightened consumer demand are fueling expansion. Meanwhile, emerging markets in Latin America, the Middle East, and Africa present growth potential, driven by economic reform and investment, yet face significant obstacles in the form of political instability and underdeveloped infrastructure.

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