The report of Polybutene Market by Application (Adhesives, Cosmetics, Electrical Insulation, Fuel and Lubricant Additives, Lubricants, Others), and Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) is expected to reach around US$ XX Mn by 2027, at a CAGR of 4.7% during the forecast period.
The demand for polybutene from the end-use industries all over the world is the key driving factor for the growth of the global polybutene market. The profitable properties of polybutene have dragged the attention of producers across the global market for numerous applications. Thus, polybutene is expected to experience high growth in the future.
The Asia Pacific is one of the main developing markets worldwide, because of the high demand from the petroleum industries in the region. High demand for fuel & lubricant additives and lubricants in the region is driving the market growth of polybutene in the Asia Pacific. Daelim’s Petrochemical Business Division planned to enlarge its highly reactive polybutene plant at Yeosu Industrial Complex in South Korea. Daelim could be producing 185,000 tonnes of polybutene per year after the development, superior Germany’s BASF, which currently produces 140,000 tonnes per year.
By application, adhesive based polybutene held the largest market share of the global market in 2018, because it maintains high flexibility at low temperatures. As an adhesive, its main application is binding and packing majorly used in diapers & feminine products.
Region-wise, the Asia-Pacific market leads the global polybutene market with substantial market share, thanks to rapid industrialization favoring the end-use industries of polybutene, the market growth is improved by low labor cost and economic growth. Also, China and India government initiative to drive economic growth through innovation is expected to boost polybutene market demand. Additionally, the current trend of capacity increase by global chemical manufacturing companies in developing economies to meet customer demand is certainly influencing the polybutene market growth during the forecast period.
Key players operating in the Polybutene market are BASF SE, Dongfang Hongye Limited Company, DAELIM, INEOS, Lubrizol Corporation, LyondellBasell Industries Holdings B.V., Mitsui Chemicals, Inc., TPC Group, Ylem Technology Co., Ltd., Braskem, KEMAT Polybutenes, SOLTEX, Maharasthra Polybutenes Ltd, A S Harrison & Co Pty Limited, and Kothari Petrochemicals.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Polybutene Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Polybutene Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Polybutene Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Polybutene Market.”
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