Polyisobutylene (PIB) Market Share Executive Summary, Segmentation, Review, Trends, Opportunities, Growth, Demand and Forecast to 2027
Polyisobutylene (PIB) Market Overview The demand for polyisobutylene is majorly driven by the growth of the transportation industry across developing regions such as the Asia Pacific and Latin America. Significant growth in automotive production and sales is propelling the market growth. Additionally, rising environmental concerns have increased the production of electric vehicles in both developed and developing countries. The rapidly expanding aerospace industry with increasing demand for aircraft is another important factor driving the global PIB market across the globe. Polyisobutylene (PIB) Market Share is also known as butyl rubber. It is a synthetic rubber produced by cationic vinyl polymerization of monomer isobutylene. PIB possess various superior properties such as thermal stability, low permeability to gases, dielectric, chemical resistance, tackiness, and non-toxicity. It finds application in tires & tubes, adhesives, sealants, lubricants, electrical in...