Polyisobutylene (pib) market by 2024

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Polyisobutylene (PIB) Market Analysis And Segment Forecasts To 2024

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Polyisobutylene (PIB) Market Analysis And Segment Forecasts To 2024 The global polyisobutylene (PIB) market is expected to reach USD 7.71 billion by 2024, according to a new report by Grand View Research, Inc. Rising product use in pharmaceutical industry in emerging markets such as China and India are expected to drive global polyisobutylene market growth over the next eight years. Browse the report: http://www.orbisresearch.com/reports/index/polyisobutylene-pib-marketanalysis-by-product-high-molecular-weight-medium-molecular-weight-low-molecular-weight-byapplication-automotive-additive-and-segment-forecasts-to-2024 The rapid growth of the automotive industry in emerging economies of Asia Pacific and Latin America owing to growing demand for automobile and rising disposable income of consumers is expected to drive growth over the forecast period. Growing application scope of polyisobutylene in sealing & caulking compounds and viscosity modifiers on account of superior binding & adhesive properties is likely to augment market growth. In addition, rising use of polyisobutylene in adhesives industry is expected to drive the market demand.

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Polyisobutylene (PIB) Market Analysis And Segment Forecasts To 2024 High molecular weight polyisobutylene was the prominent product segment and accounted for a major significant share of market volume. Wide application scope of high molecular weight polyisobutylene in industries including automotive, petrochemicals, and pharmaceuticals is expected to augment demand. However, rising concern regarding disposal of polyisobutylene is expected to pose a challenge to the market over the forecast period. Request a sample of the report: http://www.orbisresearch.com/contacts/request-sample/111365 Europe was the dominant market and accounted for 44% in 2015. Rising demand for polyisobutylene from end-use industries such as food & beverage and pharmaceutical coupled with the presence of large refiners in the region with enhanced distillate processing capabilities are expected to accelerate market growth. The region is also expected to grow at a CAGR of 6.1% from 2016 to 2024.

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Polyisobutylene (PIB) Market Analysis And Segment Forecasts To 2024 About Us: Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors accross the globe. We specialize in delivering customised reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialisation. This helps our clients to map their needs and we produce the perfect required market research study for our clients.

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