Polyisobutylene Market Demand, Size, Product Trends, Key Companies, Revenue Share Analysis, 2030
Market Overview Polyisobutylene (PIB) also known as butyl rubber is a polymer of isobutylene widely used in the manufacturing of tires & tubes and lubricants due to improved performance and gas impermeability. PIB is segmented by low & medium molecular weight PIB and high molecular weight PIB. High molecular weight PIB is most widely used owing to more viscosity and tackiness. Its usage is increasing due to rising demand for lubricants, adhesives, and sealants. Based on the grade, highly reactive PIB is majorly used in the lubricants as it produces less char. PIB finds application in various industries such as transportation, construction, electrical, healthcare, and food & beverages. Expanding automotive and aerospace industry in the developing regions is driving the market growth. The product is vastly preferred in the electronic devices as a result of the well-balanced barrier and flow properties. Consumption of polyisobutylene is rising in the food and beverage indust