Lucintel Forecasts The Global Medium Molecular Weight Polyisobutylene Market To Reach $6 Billion By 2030

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According to a market report by Lucintel, the future of the global medium molecular weight polyisobutylene market looks promising with opportunities in the automotive, construction, transportation, and chemical industries. The global medium molecular weight polyisobutylene market is expected to reach an estimated $6 billion by 2030 from $4 billion in 2024 at a CAGR of 4% from 2024 to 2030. The major drivers for this market are growing demand in the building industry and rising usage of adhesives and sealants.
A more than 150-page report to understand trends, opportunity and forecast in medium molecular weight polyisobutylene market to 2030 by type (food- grade polyisobutylene and industrial-grade polyisobutylene), application (adhesives, sealants, lubricants, roofing, packaging, grease, paraffin, chewing gums, and others), end use (automotive industry, construction industry, transportation industry, chemical industry, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that food grade polyisobutylene will remain the larger segment over the forecast period due ...
... to low toxic substances and maintain high temperatures.
Within this market, automotive industry will remain the largest segment due to increasing use of adhesives as that provide a good weight reduction potential and lowers the vehicle weight by 100kg.
APAC will remain the largest region over the forecast period due to rise in the use of lubricating oil and sealants for roofing.
Download sample by clicking on medium molecular weight polyisobutylene market.
BASF, Zhejiang Shunda New Material, TPC, Efremov Kautschuk, Shandong Hongrui Petrochemical, JX Holdings, Mayzo are the major suppliers in the medium molecular weight polyisobutylene market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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