Polyisobutylene Industry Statistics

In this post, we explore key statistics and trends in the global polyisobutylene (PIB) industry, shedding light on market size, regional insights, application segments, and projected growth rates. From the impact of the COVID-19 pandemic to sector-specific demands, these statistics offer valuable insights into the dynamics shaping the PIB market landscape.

Statistic 1

"The global polyisobutylene (PIB) market size was valued at USD 5.2 billion in 2019,"

Statistic 2

"The market is expected to grow to USD 7.6 billion by 2027, at a CAGR of 5.0%,"

Statistic 3

"The medium molecular weight (MMW) segment is projected to exhibit a significant CAGR of 4.9% during the forecast period,"

Statistic 4

"Europe accounted for the highest PIB industry share of 40.1% in 2019,"

Statistic 5

"The additive application segment was the largest in 2019, accounting for more than 45% of the global share,"

Statistic 6

"North America PIB industry is anticipated to grow at a CAGR of 4.8% from 2020 to 2027,"

Statistic 7

"The Asia-Pacific region is expected to witness the highest CAGR of 6.5% during the forecast period,"

Statistic 8

"The COVID-19 pandemic negatively impacted the PIB industry, with a global market decrease of about 2.2% in 2020,"

Statistic 9

"The construction industry was the second-largest consumer of PIB, contributing to nearly 30% of the global consumption in 2019,"

Statistic 10

"Highly reactive polyisobutylene (HR-PIB) accounted for more than 10% of the global PIB market in 2019,"

Statistic 11

"The tire and tube application segment is projected to grow with a CAGR of 5% through 2025,"

Statistic 12

"The automotive industry dominates the PIB market and accounted for over 50% of the global volume in 2015,"

Statistic 13

"The PIB demand from sealants is projected to experience a 4.7% CAGR in the period 2020-2027,"

Statistic 14

"The medical application segment is projected to witness a CAGR of 4% during 2020–2027,"

Statistic 15

"The polyisobutylene market in Latin America is expected to grow at a CAGR of 6% from 2020 to 2027,"

Statistic 16

"The PIB market in the Middle East and Africa is projected to reach USD 520 million by 2027,"

Statistic 17

"The low molecular weight (LMW) segment accounted for more than 25% of the global PIB market in 2019,"

Statistic 18

"The cosmetics industry's demand for PIB is set to rise, representing an expected CAGR of 4.5% through 2027,"

Statistic 19

"Demand for PIB in the chemical sector is expected to grow at a CAGR of 4.2% during the forecast period,"

Statistic 20

"The adhesive application of PIB is to increase at a CAGR of 4% from 2019 to 2024,"

In conclusion, the global polyisobutylene (PIB) market is poised for steady growth, with projections indicating a positive trajectory. Various segments within the industry show promising trends, such as the medium molecular weight (MMW) segment and additive application segment. Despite facing challenges due to the COVID-19 pandemic in 2020, the market is expected to rebound and expand, especially in regions like Asia-Pacific and Latin America. Industries like construction, automotive, cosmetics, and chemicals are significant consumers of PIB and are expected to drive demand in the coming years. Overall, the future outlook for the PIB industry appears optimistic, with opportunities for growth across multiple sectors and geographical regions.