Polyisobutylene (PIB) is a synthetic rubber made from the polymerization of isobutylene, a hydrocarbon compound derived from crude oil or natural gas. PIB has a unique combination of properties that make it useful in a wide range of applications including the automotive, building & construction, electronics, cosmetics, food & beverages industries.
PIB demand by type is segmented into HR-PIB and conventional. HR-PIB holds the largest share in the market because it is used as a key intermediate in the production of high-performance fuels and sludge prevention additives, such as fuel dispersants and detergents.
In terms of the PIB market by application, lubricants dominate the market. PIB-based lubricants and fuel additives are used to improve the viscosity and lubricity of oils and fuels. PIB is also used as a viscosity index improver in motor oils. PIB is added to lubricating oils to reduce the generation of oil mists and helps in lowering the inhalation of these oil mists. Increasing demand for PIB-based lubricants and fuel additives due to their superior performance and environmental benefits will boost the PIB demand in the forecast period.
PIB is used in a variety of personal care products, such as lip balms, lotions, and shampoos, due to its water-repellent and emollient properties.
It is commonly used as a pressure-sensitive adhesive for labels and tapes due to its excellent tackiness and low viscosity.
PIB is used in roofing and waterproofing applications due to its excellent water resistance and adhesive properties.
It is widely used as a tackifier in adhesives and sealants due to its excellent tackiness and low volatility.
Overall, PIB is a versatile material that finds use in many industries due to its unique combination of properties, including high molecular weight, low reactivity, and excellent adhesion and water resistance. Advancements in PIB manufacturing technologies and the development of new grades with enhanced properties will boost the PIB market in the forecast period.
Asia Pacific dominates the polyisobutylene market on the back of strong automotive, construction, and cosmetics industries present in the country.
BASF, Idemitsu Kosan, Lanxess, Reliance Industries, TPC, ExxonMobil, JX Nippon Oil (Subsidiary of ENEOS), INEOS, SIBUR, Daelim, Kothari Chemicals, Nizhnekamskneftekhim are some of the PIB manufacturers globally.
In 2019, Daelim Industrial announced to build and operate a polyisobutylene plant in Saudi Arabia. The plant is a JV between Aramco and Total with a production capacity of 80 kilotons. The production is expected to start in 2024. The company also expanded its PIB capacity at the Yeosu plant in Korea from 200 kilotons to 250 kilotons, to cater the rising demand for polyisobutylene.
Kothari Chemicals is the largest PIB producer in India, the company operates two manufacturing units and recently announced capacity additions in the country.
The growing demand for PIB in the automotive industry is due to its excellent sealing and adhesive properties. Polyisobutylene is used in the automotive industry to make inner tubes, tyres, mats, rubber hoses, and sealants. PIB is used as an extender and plasticizer for tire production. It helps provide abrasion resistance and low rolling resistance during all seasons and is commonly used in the manufacturing of tubeless tires. Polyisobutylene is in fuel additives to restrict the production of soot, oxidation products, sludge, and other precursors which will help in reducing deposits on the parts which can lead to reduced power, reduced mileage, and increased harmful emissions.
The main challenge in the polyisobutylene market is the increasing competition from alternative materials such as thermoplastic elastomers (TPEs) and silicone rubbers which may affect the PIB market in the forecast period.
Fluctuating raw material prices, especially for isobutylene, which can impact the profitability of PIB manufacturers.
PIB is used as a lubricant in cars, trucks, ships and other vehicles which helps in improving the engine performance. Usage of PIB-based lubricants may lead to breakage and spillage which can negatively affect the environment. Stringent environmental regulations related to the use and disposal of PIB, particularly in the European Union will hinder the PIB market growth.
Need help
How can we help you?
Reach us with your research requirements and we shall provide the optimum solution to suit your needs.