The market for highly reactive polyisobutylene (HR-PIB) is anticipated to grow significantly, reaching an estimated US$ 697.44 million by 2028, up from US$ 508.77 million in 2021. This growth represents a compound annual growth rate (CAGR) of 4.6% from 2021 to 2028.
The expansion of the HR-PIB market is primarily driven by the increasing demand from various sectors, including the production of adhesives, sealants, lubricants, greases, and hydraulic fluids. To maintain a competitive edge, companies operating in the HR-PIB sector are implementing strategies such as investing in research and development and expanding their operational capabilities. These initiatives enable them to enhance their production capacities and adapt to the changing needs of their customers.
The market is categorized based on application into several segments: adhesives and sealants, lubricants and greases, hydraulic fluids, metalworking fluids, and others. Notably, the lubricants and greases segment accounted for the largest market share in 2020. HR-PIB serves as a crucial intermediate in the production of lubricant additives, significantly improving the performance characteristics of lubricants. The growth of the automotive and aerospace industries, particularly in emerging markets like the Asia-Pacific region, is propelling the demand for lubricants and greases, thereby boosting the sales of HR-PIB.
In 2020, the Asia-Pacific region dominated the HR-PIB market, attributed to its extensive production facilities for fuel and lubricant additives, including fuel detergents and dispersants used in engine oils. Additionally, supportive government initiatives and policies, such as the "Make in India" campaign, are fostering the growth of the manufacturing sector across various countries in this region.
Key players in the highly reactive polyisobutylene market include TPC Group, RB PRODUCTS INC., BASF PETRONAS Chemicals Sdn. Bhd, Shandong Hongrui New Material Technology Co., Ltd, Daelim Co., Ltd., Chemron Corporation, The Lubrizol Corporation, KEMAT Polybutenes, Weifang Binhai Petro-chem Co., Ltd., and Nelson Brothers Incorporated. These companies are pivotal in shaping the market landscape for HR-PIB.
The overall size of the global HR-PIB market has been determined through a combination of primary and secondary research methods. The research process commenced with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. Furthermore, numerous primary interviews were conducted with industry stakeholders to validate the findings and acquire deeper analytical insights into the market dynamics. Participants in this research included industry experts such as vice presidents, business development managers, market intelligence managers, national sales managers, and external consultants, including valuation experts, research analysts, and key opinion leaders specializing in the HR-PIB market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Highly Reactive Polyisobutylene Market, by Application
1.3.2 Highly Reactive Polyisobutylene Market, by Geography
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. Highly Reactive Polyisobutylene Market Landscape
4.1 Market Overview
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Highly Reactive Polyisobutylene Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Use of HR-PIB in High-Performance Fuel and Lubricant Additive Production
5.1.2 Proliferation of Automotive Sector
5.2 Market Restraints
5.2.1 Availability of Substitute
5.3 Market Opportunities
5.3.1 Growing Focus of Market Players on Boosting Production Capacities
5.4 Future Trends
5.4.1 New Polymerization Techniques and Growing Demand in Diverse Industries
5.5 Impact Analysis of Drivers and Restraints
6. Highly Reactive Polyisobutylene - Global Market Analysis
6.1 Highly Reactive Polyisobutylene Market Overview
6.2 Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Mn)
6.3 Market Positioning - Global Market Players
7. Highly Reactive Polyisobutylene Market Analysis - By Application
7.1 Overview
7.2 Highly Reactive Polyisobutylene Market, By Application (2020 and 2028)
7.3 Adhesives/Sealants:
7.3.1 Overview
7.3.2 Adhesives/Sealants: Highly Reactive Polyisobutylene Market - Revenue and Forecast to 2028 (USD Mn)
7.4 Lubricants and Grease:
7.4.1 Overview
7.4.2 Lubricants and Grease: Highly Reactive Polyisobutylene Market - Revenue and Forecast to 2028 (USD Mn)
7.5 Hydraulic Fluids:
7.5.1 Overview
7.5.2 Hydraulic Fluids: Highly Reactive Polyisobutylene Market - Revenue and Forecast to 2028 (USD Mn)
7.6 Metal Working Fluids Error! Bookmark not defined.
7.6.1 Overview
7.6.2 Metal Working Fluids: Highly Reactive Polyisobutylene Market - Revenue and Forecast to 2028 (USD Mn)
7.7 Others
7.7.1 Overview
7.7.2 Others: Highly Reactive Polyisobutylene Market - Revenue and Forecast to 2028 (USD Mn)
8. Highly Reactive Polyisobutylene Market - Geographic Analysis
8.1 Overview
8.2 North America: Highly Reactive Polyisobutylene Market
8.2.1 North America: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
8.2.2 North America: Highly Reactive Polyisobutylene Market, by Application
8.2.3 North America: Highly Reactive Polyisobutylene Market, by Key Country
8.2.3.1 US: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
8.2.3.1.1 US: Highly Reactive Polyisobutylene Market, by Application
8.2.3.2 Canada: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
8.2.3.2.1 Canada: Highly Reactive Polyisobutylene Market, by Application
8.2.3.3 Mexico: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
8.2.3.3.1 Mexico: Highly Reactive Polyisobutylene Market, by Application
8.3 Europe: Highly Reactive Polyisobutylene Market
8.3.1 Europe: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
8.3.2 Europe: Highly Reactive Polyisobutylene Market, by Application
8.3.3 Europe: Highly Reactive Polyisobutylene Market, by Key Country
8.3.3.1 Germany: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
8.3.3.1.1 Germany: Highly Reactive Polyisobutylene Market, by Application
8.3.3.2 France: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
8.3.3.2.1 France: Highly Reactive Polyisobutylene Market, by Application
8.3.3.3 Italy: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
8.3.3.3.1 Italy: Highly Reactive Polyisobutylene Market, by Application
8.3.3.3.2 UK: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
8.3.3.3.3 UK: Highly Reactive Polyisobutylene Market, by Application
8.3.3.4 Russia: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
8.3.3.4.1 Russia: Highly Reactive Polyisobutylene Market, by Application
8.3.3.5 Rest of Europe: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
8.3.3.5.1 Rest of Europe: Highly Reactive Polyisobutylene Market, by Application
8.4 Asia-Pacific: Highly Reactive Polyisobutylene
8.4.1 Asia-Pacific: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
8.4.2 Asia-Pacific: Highly Reactive Polyisobutylene, by Application
8.4.3 Asia-Pacific: Highly Reactive Polyisobutylene, by Key Country
8.4.3.1 Australia: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
8.4.3.1.1 Australia: Highly Reactive Polyisobutylene, by Application
8.4.3.2 China: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
8.4.3.2.1 China: Highly Reactive Polyisobutylene, by Application
8.4.3.3 India: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
8.4.3.3.1 India: Highly Reactive Polyisobutylene, by Application
8.4.3.4 Japan: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
8.4.3.4.1 Japan: Highly Reactive Polyisobutylene, by Application
8.4.3.5 South Korea: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
8.4.3.5.1 South Korea: Highly Reactive Polyisobutylene, by Application
8.4.3.6 Rest of Asia-Pacific: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
8.4.3.6.1 Rest of Asia-Pacific: Highly Reactive Polyisobutylene, by Application
8.5 Middle East and Africa: Highly Reactive Polyisobutylene
8.6 South and Central America: Highly Reactive Polyisobutylene Market
9. Impact of COVID-19
9.1 Overview - Impact of COVID-19
9.2 Impact of COVID-19 on Highly Reactive Polyisobutylene Market
9.3 North America: Impact Assessment of COVID-19 Pandemic
9.4 Europe: Impact Assessment of COVID-19 Pandemic
9.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic
9.6 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
9.7 South America: Impact Assessment of COVID-19 Pandemic
10. Industry Landscape
10.1 Expansion
11. Company Profiles
11.1 TPC Group
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 RB PRODUCTS, INC.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 BASF PETRONAS Chemicals Sdn. Bhd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Shandong Hongrui New Material Technology Co., Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Daelim Co., Ltd.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Chevron Corporation
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 The Lubrizol Corporation
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 KEMAT Polybutenes
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Weifang Binhai Petro-chem Co., Ltd.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Nelson Brothers Incorporated
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Mn)
Table 2. Global Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Highly Reactive Polyisobutylene Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 4. US Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 7. Europe Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 8. Germany Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 9. France Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 11. UK Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 12. Russia : Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 13. Russia Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (USD Million) Error! Bookmark not defined.
Table 14. Rest of Europe Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 15. Asia-Pacific Highly Reactive Polyisobutylene, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 16. Australia Highly Reactive Polyisobutylene, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 17. China Highly Reactive Polyisobutylene, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 18. India Highly Reactive Polyisobutylene, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 19. Japan Highly Reactive Polyisobutylene, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 20. South Korea Highly Reactive Polyisobutylene, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Asia-Pacific Highly Reactive Polyisobutylene, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 31. Glossary of Terms, Global Highly Reactive Polyisobutylene Market
LIST OF FIGURES
Figure 1. Highly Reactive Polyisobutylene Market Segmentation
Figure 2. Highly Reactive Polyisobutylene Market Segmentation - By Geography
Figure 3. Global Highly Reactive Polyisobutylene Market Overview
Figure 4. Global Highly Reactive Polyisobutylene Market, By Application
Figure 5. Global Highly Reactive Polyisobutylene Market, by Geography
Figure 6. Global Highly Reactive Polyisobutylene Market, Industry Landscape
Figure 7. Porter's Five Forces Analysis
Figure 8. Highly Reactive Polyisobutylene Market - Ecosystem
Figure 9. Expert Opinion
Figure 10. Highly Reactive Polyisobutylene Market Impact Analysis of Driver and Restraints
Figure 11. Geographic Overview of Highly Reactive Polyisobutylene Market
Figure 12. Highly Reactive Polyisobutylene Market - Revenue and Forecast to 2028 (US$ Mn)
Figure 13. Highly Reactive Polyisobutylene Market Revenue Share, By Application (2020 and 2028)
Figure 14. Adhesives/Sealants: Highly Reactive Polyisobutylene Market - Revenue and Forecast To 2028 (USD Mn)
Figure 15. Lubricants and Grease: Highly Reactive Polyisobutylene Market - Revenue and Forecast To 2028 (USD Mn)
Figure 16. Hydraulic Fluids: Highly Reactive Polyisobutylene Market - Revenue and Forecast To 2028 (USD Mn)
Figure 17. Metal working fluids: Highly Reactive Polyisobutylene Market - Revenue and Forecast To 2028 (USD Mn)
Figure 18. Others: Highly Reactive Polyisobutylene Market - Revenue and Forecast To 2028 (USD Mn)
Figure 19. Global Highly Reactive Polyisobutylene Market Revenue Share, by Region (2020 and 2028)
Figure 20. North America: Highly Reactive Polyisobutylene Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America: Highly Reactive Polyisobutylene Market Revenue Share, by Key Country (2020 and 2028)
Figure 22. US: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
Figure 23. Canada: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
Figure 24. Mexico: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe: Highly Reactive Polyisobutylene Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Europe: Highly Reactive Polyisobutylene Market Revenue Share, by Application (2020 and 2028)
Figure 27. Europe: Highly Reactive Polyisobutylene Market Revenue Share, by Key Country (2020 and 2028)
Figure 28. Germany: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
Figure 29. France: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
Figure 30. Italy: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
Figure 31. UK: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
Figure 32. Russia: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of Europe: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
Figure 34. Asia-Pacific: Highly Reactive Polyisobutylene - Revenue and Forecast to 2028 (US$ Million)
Figure 35. Asia-Pacific: Highly Reactive Polyisobutylene Revenue Share, by Application (2020 and 2028)
Figure 36. Asia-Pacific: Highly Reactive Polyisobutylene Revenue Share, by Key Country (2020 and 2028)
Figure 37. Australia: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
Figure 38. China: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
Figure 39. India: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
Figure 40. Japan: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
Figure 41. South Korea: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
Figure 42. Rest of Asia-Pacific: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
Figure 51. South and Central America: Highly Reactive Polyisobutylene Market Revenue Share, by Application (2020 and 2028)
Figure 56. Impact of COVID-19 Pandemic on Highly Reactive Polyisobutylene Market in North America
Figure 57. Impact of COVID-19 Pandemic on Highly Reactive Polyisobutylene Market in Europe
Figure 58. Impact of COVID-19 Pandemic on Highly Reactive Polyisobutylene Market in Asia Pacific
Figure 59. Impact of COVID-19 Pandemic on Highly Reactive Polyisobutylene in Middle East and Africa
Figure 60. Impact of COVID-19 Pandemic on Highly Reactive Polyisobutylene in South America
The List of Companies - Highly Reactive Polyisobutylene Market
1. TPC Group
2. RB PRODUCTS INC.
3. BASF PETRONAS Chemicals Sdn. Bhd
4. Shandong Hongrui New Material Technology Co., Ltd
5. Daelim Co., Ltd.
6. Chevron Corporation
7. The Lubrizol Corporation
8. KEMAT Polybutenes
9. Weifang Binhai Petro-chem Co., Ltd.
10. Nelson Brothers Incorporated
