Global High Molecular Weight Polyisobutylene Market To Worth USD 1.9 Billion By 2022

Date: 2018-03-08

High Molecular Weight Polyisobutylene, also known as ” High Molecular Weight PIB” is the homopolymer of isobutylene, or 2-methyl-1-propene, on which butyl rubber is based. Butyl rubber is produced by polymerization of about 98% of isobutylene with about 2% of isoprene. High Molecular Weight Polyisobutylene is a colorless to light yellow viscoelastic material. It is generally odorless and tasteless, though it may exhibit a slight characteristic odor.

High molecular-weight polyisobutylene have a weighted average molecular weight, Mw, of from above 120,000 g/mol. The transportation manufacturing is expected to remain the major factor fueling market due to desirable properties of High molecular-weight polyisobutylene such as flexibility, elongation, cohesive strength, and gas barrier performance, according to research, the global High Molecular Weight Polyisobutylene market is expected to worth USD 1.9 billion by 2022.

In terms of application, automotive is expected to maintain the largest contributor to the market for the forecast period, rising demand in lubricants owing to rapid industrialization and growth in the automotive sector is projected to augment the High molecular weight polyisobutylene market in the near future.

Geographically, the Asia-Pacific is the largest consumer of High Molecular Weight Polyisobutylene. Among all the countries in the region, China and India are important consumers of High Molecular Weight Polyisobutylene, with China held the largest share in the regional consumption in terms of volume of High Molecular Weight Polyisobutylene in 2017 due to growing construction and transportation end-use industries of the region.

Global top manufacturers operating in High Molecular Weight Polyisobutylene Market are BASF SE, Zhejiang Shunda New Material Co., JX Nippon Oil & Energy Corporation, and Shandong Hongrui Petrochemical Co. Ltd among others.

Global High Molecular Weight Polyisobutylene market share by geography as following:

Read Full Report: http://www.gosreports.com/global-high-molecular-weight-polyisobutylene-market-research-report-2018/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com
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