- Press Release -

A recently revamped study published by Fact.MR anticipates the global polybutene-1 (PB-1) market to post significant gains, flourishing at a CAGR of 7.5% from 2022-2032, reaching a value of US$ 850 Mn. Growth is principally attributed to applications across key areas, including manufacturing of consumer electronics, cosmetic products and plumbing & piping systems.

From 2017 to 2021, the market experienced a modest growth trajectory, registering a CAGR of 2.4%. During the COVID-19 pandemic, this sluggish outlook was further accentuated, as major end use industries, especially packaging and plumbing, witnessed a significant trough. However, demand remained sustained in the food packaging industry, as sales of RTE foods increased exponentially.

PB-1 offers 100% recyclability with better performance, and can be used in several applications such as piping systems, adhesives, etc. In developing economies, health and hygiene play a vital role. Therefore, governments allow and encourage PB-1 application in hot and cold water pipes, which provide freshwater with no impurities and packaging solutions in food packaging that provide flexible use and hygienic food.

Key Takeaways from the Market Study

• By processing technique, extrusion grade PB-1 to surge at a CAGR of 5% through 2032
• PB-1 for piping and plumbing systems to register a robust 9% value CAGR, reaching US$ 268 Mn
• Europe to account for 33% of global PB-1 market revenue, amid high applications in the piping and plumbing segment
• India to be an opportunistic market for PB-1 manufacturers, capturing a revenue share worth 30%
• Global polybutene-1 industry revenue to surpass US$ 411 Mn by the end of 2022

“Increasing foray into the incorporation of recyclable and sustainable material to prevent wastage by major industries is prompting heightened investment in various polybutene-1 grades, providing immense growth opportunities in the future,” says a Fact.MR analyst.

Competitive Landscape

The market is highly consolidated in nature, and key manufacturers are constantly involved in developing new product lines to enter new application arenas. Moreover, their quest for market dominance is high owing to a rapidly growing market with high potential across regions.

• For instance, Lyondellbasell offers Akoalit PB DKG 300, which is a mono polymer manufactured from a butane-1 polymer. The product is used where high stiffness, outstanding creep, property retention and low thermal expansion at elevated temperature are required.
• Mitsui Chemicals, a Japan-based manufacturer with a global presence, offers a polybutene-1 product named Beaulon, used for cold and hot water supply pipes, oil supply pipes, and floor heating pipes. The product has created a unique identity in the global market because of its water resistance, chemical resistance, abrasion resistance, and flexibility.

More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the polybutene-1 market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.

The study divulges essential insights on the basis of product type (homo PB-1 and random PB-1), processing technique (extrusion, extrusion blow molding and injection molding) and application (packaging, film modification, polyolefin modification, piping system, electric domestic heater and hot melt adhesives) across six regions (North America, Latin America, Europe, East Asia, South Asia & Oceania and Middle East & Africa).

About the Chemicals & Materials Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned Chemicals & Materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over a thousand reports and 1 million-plus data points, the team has analyzed the Chemicals & Materials industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

For more information, refer to our market research report or contact the PR author.

Yash Pathak

Fact.MR

Consultant – Chemicals & Materials Division

E-mail: Yash@factmr.com