Albany, NY -- (SBWIRE) -- 11/08/2017 -- Transparency Market Research has published a new market report titled "Medium Molecular Weight Polyisobutylene Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2015 - 2023." The global medium molecular weight polyisobutylene market was valued at US$420.5 mn in 2014 and is anticipated to reach US$610.1 mn by 2023, at a CAGR of 4.3% between 2015 and 2023.

View Full Report: https://www.transparencymarketresearch.com/medium-molecular-weight-polyisobutylene-market.html

Medium molecular-weight polyisobutylene have a weighted average molecular weight, Mw, of from 40,000 to 120,000 g/mol. Medium molecular weight polyisobutylene is used to adjust properties such as flexibility, elongation, cohesive strength, and gas barrier performance. It is used as viscosity modifier, tack improver in adhesive formulations, and primary binder in caulking and sealing compounds. Medium molecular weight polyisobutylene is also employed in fuel and lubricating oil additives.

In terms of region, Asia Pacific dominated the medium molecular weight polyisobutylene market in 2014. It is also expected to be the fastest growing regional segment during the forecast period. Europe was the second-largest regional segment of the medium molecular polyisobutylene market in 2014, followed by North America. The medium molecular weight polyisobutylene market in Latin America and Middle East & Africa is likely to expand significantly during the forecast period. Global sales of medium molecular weight polyisobutylene declined during 2008 and 2009 due to the economic slowdown; however, the business revived in 2010. The market has been expanding since then.

Key players operating in the medium molecular weight polyisobutylene market include BASF SE, Zhejiang Shunda New Material Co., JX Nippon Oil & Energy Corporation, and Shandong Hongrui Petrochemical Co., Ltd.

Request to view Sample Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7370