Scienza e Tecnologia
Catapulted by Rising Applications in Automotive Industry, Demand for Polyisobutene to Reach US$ 4.8 Bn by 2032
NEW YORK , June 15, 2022 /PRNewswire/ -- The sales in the global polyisobutene market totaled US$ 2.2 Bn in 2021. Due to the increasing usage of organic and environmentally friendly industrial chemicals across diverse industries, the demand for polyisobutene is estimated to reach US$ 2.3 Bn by 2022.
Polyisobutene is gaining immense popularity across the automotive industry, on account of its favorable properties such as impermeability to gases, flexibility, thermal stability, chemical resistance, and others. Attributed to this, it is extensively being used in the production of automobile components such as gaskets, hosepipes, tubeless tires, and window strips.
Hence, surging sales of automotive vehicles is expected to create lucrative opportunities in the global market. Driven by this, the sales of polyisobutene are projected to surpass a valuation of US$ 4.8 Bn by the end of 2032, exhibiting growth at a robust CAGR of 7.5% during the forecast period 2022-2032.
As per Fact.MR, the polyisobutene with high molecular weight is estimated remain highly sought after in the market and accounted for more than 65% of the total demand share in 2021. Rising applications in transportation, industrial, and food sectors along with the production of films, adhesives, and lubricants is anticipated to further elevate the growth of the segment.
Leading manufacturers of polyisobutene in the global market are emphasizing on adoption strategies such as production capacity expansion, acquisition, partnership, and collaboration to expand their revenue share and gain edge in the market.
For instance,
In its recent survey, Fact.MR highlights crucial factors steering growth in the global polyisobutene market between 2022 and 2032. The study also offers vital insights into drivers that are elevating the growth in the polyisobutene market through detailed segmentation as follows:
Growing usage of polyester filament as a substitute for nylon and cotton for production of textile products such as garments, protective clothing, and other is estimated to facilitate the growth in the market. On account of this, the demand for polyester filament is expected to surge at 5.1% CAGR through 2032.
Rising application of polyacrylates across the adhesives & sealant industry, owing to its high transparency, impressive impact toughness, elasticity, and heat resistance among others is augmenting the demand in the market. In addition to this, growing use in manufacturing dentistry products such as artificial teeth, jaws, and tooth fillings is projected to bolster the sales of polyacrylates.
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