High Molecular Weight Polyisobutylene Market by Application (Lubricants, Stretch Films, Adhesives, Sealants, Transportation, Industrial, Food, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The size of the High Molecular Weight Polyisobutylene Market was valued at USD 2.56 USD Billion in 2023 and is projected to reach USD 7.35 USD Billion by 2032, with an expected CAGR of 16.26 % during the forecast period. High molecular weight polyisobutylene (HMW-PIB) is one of the polymers which has high viscosity and more elastic in nature due to polymerization of isobutylene. It is defined for its absorbed molecular weight, which help it to have enhanced chemical stability, low permeability to gases and high resistance to oxidation. There are two main types: where functionalized HMW-PIB is a high molecular weight paraffin which has reactive groups for specific uses, and non-functionalized HMW-PIB is mainly utilized for its physical characteristics. Its features also recommend it for use where adhesion, flexibility and longevity are of importance as is the case with adhesives, sealants and coatings. Therefore, HMW-PIB is employed in automotive and industrial industries because of its efficiency in acting as barrier to moisture and gases.
High Molecular Weight Polyisobutylene Trends
Application:
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End-Use:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 16.26 % from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 16.26 % from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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