Polyisobutylene Market: Overview and Growth Analysis
The global polyisobutylene market size stood at USD 1,995.3 million in 2022, and it will grow at a CAGR of 5.1% during 2022–2030, to reach USD 2,980.6 million by 2030. In the manufacturing sector, polyisobutylene is widely used in the production of tires, internal tubes, and rubber components. The need for PIB rises as the auto sector develops, driving the market ahead.
Key Trends Driving the Polyisobutylene Market
Polyisobutylene is a desirable material in numerous adhesives and sealants due to its superior binding characteristics and chemical stability. The expanding demand for PIB-based adhesives and sealants is influenced by the expanding construction and packaging sectors.
Due to their capacity to improve lubricant performance and satisfy regulatory criteria, lubricant additives dominate the industry. They increase lubricants’ overall performance, allowing them to survive harsh circumstances and offer the best lubrication and protection. Also, via promoting cleaning the engines, lowering emissions, and improving engine performance, lubricant additives help with adhering to industrial and environmental laws.
Major Players in the Polyisobutylene Industry
Modern additives with enhanced functionality have been introduced as a result of ongoing research and development activities in lubricant additive technology. To fulfill the changing requirements of contemporary machinery and lubrication systems, additives including friction modifiers, anti-wear agents, and antioxidants are continuously developing.
This is so that the government’s plans for infrastructure development can help the building, automotive, and cosmetics industries as well as economic growth. However, these are not long-term predictions, and moderate industrial growth is expected to continue, which will impact the nation’s use of polyisobutylene in the ensuing years.
Applications and Uses of Polyisobutylene in Various Sectors
Polyisobutylene’s are good lubricants and its unique properties make them perfect for numerous lubrication requirements. The wide range of viscosities of the polyisobutylenes provide the operational comfort to the formulators of the lubricant. It is not used just as a lubricant, but also has other applications. Let us see a few more applications.
Oil & Fuel Additives
Polyisobutylene are used in manufacture of PIBSA, an extensively used dispersant in lubricant sector. It is used as ashless dispersant in the formulations of lubricants for controlling deposits, formation of sludge and to preventing the thickening of oil.
PIBSA based dispersant can come in handy for improving the fuel economy. They also provide environmental paybacks by diminishing the incidence of oil drains. Polyisobutylene based fuel helps in reduction of the deposits. They also eliminate the deposits, which are already present in the automotive components, such as carburettors, intake system, fuel injectors, and on valves and pistons.
Two Stroke Engine Oil
Polyisobutylene became an inseparable constituent of the Indian two stroke engine oil sector. Almost 75% of the two stroke engine powered automobile engine in India have polyisobutylenes.
This offers a rather economical way of achieving low smoke performance in two-stroke engines. It also provides quite a lot of other advantages, such as clean combustion, decreased level of corrosion and scoring, and the eradication of engine deposits.
Polyisobutylenes offer much-improved performance compared to most other polyisobutylenes as a result of their particular molecular structure.
Most of key players in automotive lubricants worldwide rely on polyisobutylene, because of the consistency in quality, on-time delivery and attractive terms.
Greases & Gear Oil
Polyisobutylene, which have better stability, shear strength and dropping point, is a perfect product for making gear oil and grease.
Adhesives
PIB is put to use in adhesive systems, mostly hot-melt and pressure-sensitive adhesives.
The seals of food cans contain PIBs, providing an excellent moisture and gas barrier. They are clean and inert, fulfilling numerous FDA food contact requirements. Adhesives usually cover a lot of technology and chemistry bases.
Polyisobutylenes are put to use in numerous formulations of adhesives because tackiness, elasticity and low cohesive strength.
Pressure-sensitive tapes are generally formulated with the usage of one or two diverse molecular weight PIBs and butyl or chlorobutyl rubber.
Medium-molecular-weight PIBs are just right for adhering to the surface. The high-molecular-weight version is favored when the concluded article is die cut or when the formation is squeezed out throughout processing.
It has a lot to do with the strong demand for the same from the automotive, construction, cosmetics, and aerospace industries, the market will continue to rise. The total value of the industry will be USD 2,980.6 million in the years to come.
