Innovations and changing trends in tire technology have led to rising demand for polyisobutylene in the automotive industry. Polyisobutylene is increasingly being used in the manufacture of durable tires. In addition, increasing demand for replacement of tires and tubes is expected to fuel demand for polyisobutylene in the next few years.
Albany, NY -- (SBWIRE) -- 03/07/2016 -- Polyisobutylene (PIB) is a commercial polymer used in a number of applications in various industries on account of properties such as thermal stability. Polyisobutylene, a synthetic rubber, is primarily used in the manufacture of inner tubes of tire. Other applications include adhesives, agricultural chemicals, caulks, sealants, paper & pulp, and chewing gum.
The report forecast and analyzes the global polyisobutylene market on regional and country levels based on volume (kilo tons) and revenue (US$ Mn). The study includes drivers and restraints for the polyisobutylene market along with their impact on demand during the forecast period. Additionally, the study comprises opportunities available in the polyisobutylene market. Detailed value chain analysis has been included to provide a comprehensive view of the polyisobutylene market. Analysis of Porter's Five Forces Model for polyisobutylene has also been included to help understand the competitive landscape in the market.
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The study provides a decisive view of the polyisobutylene market by segmenting it based on product segments such as medium molecular weight polyisobutylene and others (low molecular weight polyisobutylene and high molecular weight polyisobutylene). Additionally, the report provides an overview of the polyisobutylene market by segmenting it based on applications into automotive, additive, and others (chewing gum, sports equipment, medical bottle stoppers, etc.). These applications have been analyzed based on present and future trends, and the market has been estimated from 2015 to 2023. Regional segmentation includes current and forecast demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report provides a detailed competitive outlook, which includes the market share and profiles of key players operating in the polyisobutylene market.
Market estimates for this study have been based on volume, with revenue being derived through regional pricing trends. The polyisobutylene market has been analyzed based on expected demand. Market data for each segment is based on demand volume and corresponding revenue. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors, and direct selling regional producers based on manufacturer feedback and application requirement.
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In order to compile the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents the bulk of research efforts supplemented by extensive secondary research. We reviewed key players' product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants' insights, and recognizing business opportunities..
The report also offers competitive landscape of the overall market with company profiles of players such as BASF SE, Exxon Mobil Corporation, LANXESS, TPC Group, INEOS, Berkshire Hathaway Inc., Chevron Oronite Company LLC, Infineum International Limited, Proteux Corp, and Kothari Petrochemicals. Detailed description of the company overview in terms of headquarters, inception, upcoming capacities, key mergers & acquisitions, financial overview, and recent developments provides a thorough idea about the competitive positioning of players in the market.
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