Highly Reactive Polyisobutylene (HR-PIB) Market to Reach

Wilmington, Delaware, USA, July 29, 2022 (GLOBE NEWSWIRE) — TranAftermarket Research Inc. – The global market of Highly Reactive Polyisobutylene (HR-PIB) market has witnessed continuous revenue streams over the years, primarily due to the steady application in the production of lubricants and sealants. It should be noted that HR-PIB with a molecular weight of 1000, 1300 and 2300 has been widely used as a lubricant thickener, and therefore the demand is driven by the need for fuel additives and high lubricant additives. performance in the automotive industry.

Much of the demand for the highly reactive polyisobutylene (HR-PIB) market comes from the fuel additives industry. It should be noted that the use of HR-PIB products is proliferating in the production of metalworking fluids, industrial lubricants and motor oils, thereby boosting demand. The massive consumption of sealants and adhesives in various construction works propels the growth prospects of the Highly Reactive Polyisobutylene (HR-PIB) market.

In recent years, manufacturers in the Highly Reactive Polyisobutylene (HR-PIB) market aim to profit from the use of the products in the manufacture of emulsion explosives. 1001-1500 Molecular Weight HR-PIB is widely used in end-use industries. It should be noted that the demand for 1001 to 1500 products (medium) is expected to increase remarkably in the coming years. Thus, the trend will propel the growth opportunities in the Highly Reactive Polyisobutylene (HR-PIB) market.

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Key Results of Highly Responsive Polyisobutylene (HR-GDP) Market study

  • Use of a wide range of HR-PIB products in end-use industries generating many opportunities: The widespread consumption or use of highly reactive polyisobutylene as a key intermediate for fuel additives and high performance lubricant additives has driven demand. Highly Reactive Polyisobutylene (HR-PIB) market products have been widely marketed since their increasing use in the automotive industry, particularly as additives for motor oils. The use in the production of hydraulic fluids, greases, and emulsifiers will generate lucrative opportunities for companies in the Highly Reactive Polyisobutylene (HR-PIB) market.
  • Massive demand in ad productionhesitant Sealants and lubricants in industrialized countries propel revenue growth: The substantial use of additives and sealants in construction works has generated significant revenue streams in the highly reactive polyisobutylene (HR-PIB) market. Rising construction activities across the globe will lead to an increase in demand, which will thus catalyze opportunities for market players. HR-PIB is preferred for manufacturing high performance adhesives, an example of which is a network of hot melt pressure sensitive adhesives.

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Very responsive Polyisobutylene (HR-GDP) Market: Key Drivers

  • Advancements in the construction and automotive industries over the past few years have contributed to the evolution of the highly reactive polyisobutylene (HR-PIB) market. The boom in construction activities and the growth in automobile production are key pivots for the consumption of HR-GDP products.
  • Rising Application of Lubricants Will Expand Opportunities for Companies in the Highly Reactive Polyisobutylene (HR-PIB) Market

Very responsive Polyisobutylene (HR-PIB) Market: regional growth momentum

  • The widespread demand for HR-PIB products across various industries underlies huge revenue potential for companies in the Asia-Pacific Highly Reactive Polyisobutylene (HR-PIB) Market. The region held 39% of the global highly reactive polyisobutylene (HR-PIB) market share in 2021. Much of the demand comes from the use of HR-PIB in the production of fuel and lubricant additives, greases and emulsifiers, adhesives and sealants and hydraulics. fluids. China is a lucrative domestic market in the region and is expected to generate significant revenue streams over the forecast period.
  • The opportunities in the Highly Reactive Polyisobutylene (HR-PIB) market in the Middle East and Africa are expected to increase at a promising rate during the forecast period 2022-2031.

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Very responsive Polyisobutylene (HR-GDP) Market: Competition landscape

A high degree of consolidation marks the competitive dynamics of the global Highly Reactive Polyisobutylene (HR-PIB) market as relatively few large-scale vendors control a high proportion of market share. Most companies turn to continuous R&D activities to unveil environmentally friendly products. Some of the major players in the market are

  • DAELIM Industrial Co. Ltd.
  • KEMAT polybutenes
  • Chemicals BASF PETRONAS
  • PTC Group
  • Shandong Hongrui New Material Technology Co., Ltd.
  • BASF-YPC Company Limited
  • SPG Prints B.V.
  • INEOS Oligomers
  • Chevron Oronite SA
  • Lubrizol
  • Zhejiang Shunda New Material Company Ltd.

Very responsive Polyisobutylene (HR-GDP) Market Segmentation

  • Molecular weight
    • Up to 1000 (low)
    • 1001 -1500 (medium)
    • Above 1500 (high)
  • Application
    • Fuel and lubricant additives
      • Engine oil
      • clutch oil
      • Transmission oil
      • Others
    • Hydraulic fluids
    • Fats and emulsifier
    • Adhesives and sealants
    • Packaging films
    • Others
  • End use
    • Automotive
    • Packaging
    • Industrial
    • Others

Regions covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific

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