The global polyisobutylene market size was valued at USD 1.87 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.0% from 2021 to 2028. The growth of the market can be attributed to the use of polyisobutylene in various applications like adhesives and sealants, rubber automotive components, fuel additives, and lubricant additives. The tubeless tires have gained popularity in the automotive industry due to easy replacement and less maintenance. Polyisobutylene acts as a barrier to oxygen, making it a suitable material for the inner liner in tubeless tires. Polyisobutylene (PIB) exhibits low moisture and gas permeability and excellent insulation for electric current. 

Asia Pacific accounted for a significant revenue share in the market in 2020. This is driven by the high demand from key industries, including automotive, construction, cosmetics, and aerospace, in emerging economies such as China and India. The COVID-19 pandemic impacted the manufacturing industries across the globe, which negatively impacted the growth of polyisobutylene in some end-use sectors, like cosmetics, due to supply chain disruptions.

Gather more insights about the market drivers, restrains and growth of the Global Polyisobutylene Market

Polyisobutylene Market Report Highlights

• The automotive rubber components application segment is expected to register the highest revenue-based CAGR of 5.0% over the forecast period. This is attributed to the use of polyisobutylene in the inner lining of tubeless tires, which is expected to be driven by the growing demand for passenger and commercial vehicles
• By product, high molecular weight polyisobutylene dominated the market and accounted for more than 65.0% share of the overall revenue in 2020. This is attributed to its use in adhesives, fuel and lubricant additives, food-grade packaging films, and automotive rubber applications
• The increasing demand for tubeless tires in the automotive industry and the rising demand for lubricant additives are expected to drive the market for polyisobutylene
• Asia Pacific accounted for more than30.0% share of the overall revenue in 2020. This can be credited to the increasing demand for polyisobutylene from key industries, including automotive, construction, cosmetics, and aerospace, in emerging economies such as China and India

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• The global food wrap market size was estimated at USD 5.15 billion in 2023 and is projected to grow at a CAGR of 7.5% from 2024 to 2030. 
• The global laboratory plasticware market size was valued at USD 2.13 billion in 2023 and is projected to grow at a CAGR of 4.8% from 2024 to 2030.

Segments Covered in the Report

Grand View Research has segmented the global polyisobutylene market on the basis of product, application, and region:

Polyisobutylene Product Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• High Molecular Weight
• Medium Molecular Weight
• Low Molecular Weight

Polyisobutylene Application Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• Adhesives Sealants
• Automotive Rubber Components
• Fuel Additives
• Lubricant Additives
• Others

Polyisobutylene Regional Outlook (Volume, Tons; Revenue, USD Million, 2017 - 2028)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Italy
  • France
• Asia Pacific
  • China
  • India
• Central South America
  • Brazil
• Middle East Africa

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