As demand for automobiles picks up across a number of established and emerging economies again, the polyisobutylene market is forecast to witness remunerative gains by 2027. Polyisobutylene, or PIB for short, is a synthetic gas-impermeable rubber that is produced and used across the world to make adhesives, lubricants, fuel additives, sealants, chewing gum and cling-film.

There has been a strong demand for highly reactive PIB from the global fuel and lubricant industry customers. To more effectively meet the burgeoning demand for higher performance and lower emissions, several industry players have been turning to PIB for innovating market leading solutions.

Highly reactive PIB is a polyisobutylene with has more than 85% of its own double bonds situated within the molecule’s terminal position,. This allows it to more quickly react when creating derivatives, especially dispersants and detergents.

Processing with the help of highly reactive PIB also generates less amount of char during production process and the derivative products are utilized to enhance final lubricant and fuel performance.

The grades of this material are high viscosity cost-efficient components for co-thickening or thickening of lubricants. They are also suitable for the thickening the base stocks of mineral oils and are also compatible with ester base and PAO stocks.

The material also can be used in a plethora of industrial, grease, driveline applications such as hydraulic and gear lubricants, axle and transmission lubricants, and metalworking fluids. Moreover, they also do not contain any amount of chlorine and thus do not promote any form of corrosion.

The overall PIB market landscape has been categorized into different segments on the basis of type, application, and regional landscape.

With respect to application, the segment has been divided into lube additives, fuel additive, adhesives & sealants, tires, and others. Among these, the fuel additives segment is projected to grow at the CAGR of 13.2% across the forecast time period.

Based on the regional reference frame, the Latin America PIB market held a major market share of more than 5.3% back in 2020. Going forward, the segment is projected grow at a respectable CAGR of 5.5% across the analysis time frame.

Meanwhile, the Middle East & Africa polyisobutylene market share will be showcasing significant gains on account of the rapidly growing applications of the product as fuel additives as well as lube. The regional oil exploration activities have been booming and creating noteworthy growth opportunities for the global market landscape.