Analysis of Polybutene market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Polybutene is an organic polymer made from a mixture of 2-butene, 1-butene, and isobutylene. Polybutenes are considered as unique versatile polymers as they are ideal for a wide variety of applications such as rubber modification, adhesives, sealants, lubricants, paints, and coatings, etc.
The polybutene market is likely to boost ahead with a higher single-digit CAGR over the forecast period of 2019-2029. Key market actors are focusing on both organic and inorganic strategies for increasing their polybutene offerings, this has been identified as a recent supply-side trend in polybutene market.
For instance, in August 2018, LyondellBasell has completed the acquisition of A. Schulman Inc. LyondellBasell has thus strengthened its position in the market as Schulman’s Advanced Polymer Solutions segment which also contains polybutene-1 will be added to the company. In addition, Daelim has invested around US$ 67 Million for expanding its polybutene plant based out of Yeosu.
Furthermore, wide brand offerings by top companies coupled with growth in the end-use industries are some of the driving factors for the market. Whereas, stringent regulations on polymers and disruption in raw material procurement may hinder the market growth over the long term forecast.
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Wide application areas and subsequently growth in end use industries are escalating the consumption of polybutene. Polybutene is used as an intermediate in piping systems, hot melt adhesives, and masterbatches. Further, oil & fuel additives is one of the key application for polybutene and the increase in consumption of oil across automotive and industrial sector is pushing the market growth.
Rapid industrialization along with steadily rising automotive industry in some regions tend to give a positive lift to polybutene market. Moreover, wide use of polybutene within the packaging and adhesives & sealant industry to open wide opportunities till 2029. The properties of polybutene including low noise transmission, creep resistivity, high puncture resistivity etc. tend to explore new application areas which in turn is providing traction to the market growth over 2019-2029.
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The global Polybutene market is divided into six regions including Latin America, North America, South Asia & Oceania, Europe, East Asia, and MEA. Among the regions mentioned above, East Asia along with South Asia & Oceania capture majority of the market share in 2019.
Countries including India, China, Japan etc. contribute heavily to the overall consumption of polybutene. India is expected to become a key market for polybutene till 2029 due to high growth in end use industries coupled with manufacturers moving their production bases in the country. Furthermore, Europe also accounted to capture high market share on the back of high production & consumption across Germany, France and Belgium.
Well-established automotive and personal care & cosmetics industries tend to provide a forward push to the regional polybutene market till 2029. North America is expected to follow Europe in terms of polybutene consumption. Latin America and Middle East & Africa are expected to capture nominal shares under polybutene market in 2019.
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Key market stakeholders in the global Polybutene market are BASF, INEOS, Lyondell Basell, Dongfang Hongye Chemical Co. Ltd., Brasken, Daelim Industrial, TPC Group, Mitsui Chemicals, Ylem Technology, Lubrizol Corporation, Soltex, Infineum International Limited, Kemat. BASF and INEOS are amongst the industry leaders for polybutene market. The polybutene market has numerous global and regional players with global players dominating the market.
The research report presents a comprehensive assessment of the Polybutene market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Polybutene market report provides analysis and information, according to market segments such as geographies, application and end-use industry.
The Polybutene report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Polybutene report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The Polybutene report also maps the qualitative impact of various market factors on market segments and geographies.
Based on the application, the global polybutene Market is segmented as:
Based on end-use industry, the global polybutene market is segmented as:
Based on the region, the Polybutene market is segmented as:
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Rapid industrialization along with steadily rising automotive industry in some regions tend to give a positive lift to the polybutene market.
East Asia is expected to witness the highest growth over the forecast period.
The major key players are BASF, INEOS, Lyondell Basell, Dongfang Hongye Chemical Co. Ltd., and others.
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