Medium Molecular Weight Polyisobutylene Market to Reach US$610.1 million by 2023, Propelled by Adhesives and Sealants Industry: Transparency Market Research

Oct 30, 2015, 10:30 ET from Transparency Market Research

ALBANY, New York, October 30, 2015 /PRNewswire/ --

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 million in 2014 and is anticipated to reach US$610.1 million by 2023, at a CAGR of 4.3% between 2015 and 2023.

Browse Research Report with Analysis: http://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.

Medium molecular polyisobutylene offers properties such as moisture resistance, high degree of elongation, and good adhesion to multiple substrates. This makes it useful in the manufacture of adhesives and sealants Thus, increasing demand for adhesives and sealants in various industries is estimated drive the medium molecular weight polyisobutylene market in the next few years. Furthermore, rising demand in lubricants owing to rapid industrialization and growth in the automotive sector is projected to augment the medium molecular weight polyisobutylene market in the near future. However, stringent regulations on the manufacture and usage of medium molecular weight polyisobutylene owing to its potential hazards to aquatic creatures, may hamper market growth. On the other hand, the chewing gum market is likely to offer new avenues for medium molecular weight polyisobutylene.

Get Sample of this Research Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7370

Major applications of medium molecular weight polyisobutylene include gum base products, adhesives, sealants, and lubricants. In 2014, adhesives accounted for over 40% share of the global medium molecular weight polyisobutylene market. It is estimated to be the fastest-growing segment during the forecast period due to rising demand for adhesives in automotive and construction industries.

In terms of volume, Asia Pacific dominated the global medium molecular weight polyisobutylene market with more than 35% share in 2014. Significant industrial growth is the one of the major factors driving the medium molecular weight polyisobutylene market in the region. The medium molecular weight polyisobutylene market in Latin America and Middle East & Africa is expected to expand significantly in the near future owing to expansion in infrastructure and real estate industries in these regions.

Browse Regional Analysis: http://www.europlat.org/asia-pacific-shows-most-lucrative-potential-in-global-medium-molecular-weight-polyisobutylene-market.htm

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. The report segments the medium molecular weight polyisobutylene market as follows:

Medium Molecular Weight Polyisobutylene Market - Application Analysis 

  • Gum base
  • Adhesives
  • Sealants
  • Lubricants
  • Others (Including bitumen modification, etc.)

Medium Molecular Weight Polyisobutylene Market - Regional Analysis 

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

Browse Other Research Reports: 

About Us 

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research

Mr. Nachiket Ghumare,
State Tower
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com


Website: http://www.transparencymarketresearch.com

Blog: http://www.tmrblog.com/


SOURCE Transparency Market Research