Polybutene-1 Market is Forecast to Surpass US$ 850 Million by 2032 - Fact.MR Analysis

NEW YORK, Feb. 7, 2022 /PRNewswire/ -- The global polybutene-1 market is expected to be worth over US$ 411 million in 2022, rising at a robust CAGR of 7.5% from 2022 to 2032 to reach US$ 850 million. NEW YORK,Feb. 7, 2022/PRNewswire/ -- Theglobal polybutene-1 marketis expected to be worth overUS$ 411 millionin 2022, rising at a robust CAGR of 7.5% from 2022 to 2032 to reachUS$ 850 million. Polybutene-1 (PB-1) is widely used in a variety of industries, including food...

NEW YORK, Feb. 7, 2022 /PRNewswire/ -- The global polybutene-1 market is expected to be worth over US$ 411 million in 2022, rising at a robust CAGR of 7.5% from 2022 to 2032 to reach US$ 850 million.

Polybutene-1 (PB-1) is widely used in a variety of industries, including food packaging, plumbing and pipelines, and electronic equipment, due to its 100 percent recyclability. Extrusion grade PB-1 is predicted to grow at the quickest rate, with a CAGR of 5% through 2032.

The COVID-19 pandemic reduced demand for polybutene-1, notably in the first two quarters of 2020. The decrease in demand was primarily due to lower usage in piping applications. The COVID-19 epidemic boosted demand for packaged foods, which helped to keep PB-1 demand alive during the pandemic. The use of polybutene-1 in food packaging increased in the fourth quarter of 2021.

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In terms of vacuum food packaging, demand for polybutene-1 has skyrocketed. The use of polybutene-1 products in vacuum packaging has enabled consumers to create a variety of film structures that are commonly used for the safe packaging of peanuts, coffee, vacuum rice, meat packaging, powder milk, and cheese.

Polybutene-1 has a large market in Europe, with numerous major businesses operating in various European nations. The region is noted for producing the most polybutene-1, and it also has the greatest revenue share in terms of value. In 2019, Europe had a 28 percent market share, and by 2032, it is predicted to have a third of the market.

Du to the rapid growth of the food packaging industry, India is a major contributor to the growth of the polybutene-1 market. Over the last half-decade, the country has grown at a CAGR of 2.9%, and this trend is likely to continue in the medium term. The country is noted for having the greatest polybutene-1 consumption in the food packaging business, outranking all other countries in the region.

Key Takeaways:

Growth Drivers:

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Competitive Landscape

Automotive parts, bags and pouches, bottles and vials, coatings, colour concentrates, piping systems, and other applications are among the items offered by polybutene-1 manufacturers.

Key players in the Polybutene-1 Market include:

More Valuable Insights on Polybutene-1 Market

Fact.MR provides an unbiased analysis of the Polybutene-1 market, presenting forecast statistics for the period from (2022-2032). The study divulges compelling insights on the global Polybutene-1 market with a detailed segmentation on the basis of:

Key Questions Covered in Polybutene-1 Market Report

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