Houston, TX -- (SBWIRE) -- 07/03/2018 -- A new report presents a comprehensive assessment of the Global Polybutene Market. The report, titled "Global Polybutene Market takes the key trends and important market factors in consideration to carry out this research.
Polybutene Market Overview
Polybutene is a polymer which is derived from isobutylene. Polybutene is a colorless, odorless and tasteless pale yellow viscous liquid. It is differentiated based on grades by characteristic such as molecular weight and the grades with high molecular weight are known to have increased viscosity. Owing to this high viscosity the demand for polybutene is expected to grow for use of clean burning two-stroke oils so as to meet new global emission and performance requirements. The Global Polybutene Market was valued at US$ 1,985.5 Mn in 2017 and is expected to reach US$ 2,488.5 Mn by 2022.
Global Polybutene Market Size, By Region, 2018 & 2026, (US$ Million)
The advantages of polybutene makes it important for wide range of applications in the end-user industries. Non-toxic, non-drying, UV stable, permanently tacky, corrosion preventive and thermal stability are some of its advantages which are expected to lead the use of polybutene in various end-user industries worldwide in forecast period 2018-2022.
Global Polybutene Market
Growing need of polybutene properties such as non-toxic, non-drying, UV stable, permanently tacky, corrosion preventive and thermal stability drives the market growth. Polybutene is a clear liquid oligomer typically used as plasticizers, carriers and lubricants which are sold in many different grades determined by viscosity as well as are highly compatible with asphalts, fats, gums, oils, resins, waxes etc.
Limited adoption of Polybutene in some developing regions such as Middle-East region hinders the market growth in those regions. By increasing the awareness of different properties of polybutene and its usage to the manufacturers & distributors and make sure that properties of polybutene are not hazardous to environment and health, in order to overcome such challenges.
Increasing R&D activities into polybutene which could increase number of applications in end-user industries in forecast period 2018-2026. The polybutene market research and development activities are focusing to find new opportunities for polybutene industry, through its properties which releases low toxicity, good thickening properties as well as high shear stability when heated above 250 degrees Celsius. Thus, R&D team is increasing its penetration in that market
Paintings & Coatings is Anticipated to be the Dominant Segment during the Forecast Period, 2018-2026
Polybutene are alternatives for acrylic bases, since they improve water repellency and result in lower manufacturing costs. Polybutene help in providing water resistant property, low color & better adhesion property and also help in replacing volatile solvents, and because of these significant attributes it proves to be one of the segment that could increase the future growth of the industry.
Europe is Projected to be the Fastest Growing Region in Polybutene Market
Polybutene-1 (PB-1) pipe is widely used in plumbing applications in Europe which conforms to European standards. With the increasing pipeline projects in Europe, the demand of polybutene in European region is increasing. For, instance Azerbaijan launched natural gas pipeline project to Turkey, Europe on May 2018, which is further helping market to grow in the region. Furthermore, more new projects are being lined up to launch in Europe, which is expected to boost the market growth in the region.
Polybutene Market is Consolidated Due to the Multiple Organizations Major market share Depends on Polybutene
Market Participants include BASF SE, Braskem, Daelim Industrial, Dongfang Hongye Chemical Co., Ltd., INEOS Group Holdings S.A., Infineum International Limited, Kemat, Kothari Petrochemicals, Lubrizol Corporation, LyondellBasell Industries Holdings B.V., Mitsui Chemicals, Inc., Soltex, Inc., TPC Group, Inc., Ylem Technology Co., Ltd. For instance, in January 2018- INEOS launched six new oil and gas businesses, with an aim to expand its business as well as product offering and strengthen its position globally.
Polybutene Market - By Application
Fuel and Lubricants Additives, Adhesives, Lubricants, Electrical Insulation, Cosmetics, Paints and Coatings, Personal Care Products, Others
Polybutene Market - By Region
North America, U.S., Rest of North America, Europe, France, The UK, Spain, Germany, Italy, Rest of Europe, Asia Pacific, China, Japan, India, Southeast Asia, Rest of Asia Pacific, Middle East and Africa, GCC Countries, Southern Africa, Rest of Middle East and Africa, Latin America, Brazil, Rest of Latin America