Global Medium Molecular Weight Polyisobutylene market is expected to reach 185.65 million USD by 2023

The global medium molecular weight Polyisobutylene market is valued at 117.33 million USD in 2016 and is expected to reach 185.65 million USD by the end of 2023, growing at a CAGR of 6.77% between 2016 and 2023.

Publisher: QYResearch

Published Date: 2018/7/12

Medium molecular weight polyisobutylene’s average molecular weight ranges between 40,000 and 120,000 g/mol. Medium molecular weight polyisobutylene is employed as viscosity modifier, tack improver in adhesive formulations, and primary binder in caulking and sealing compounds. It is also used in fuel and lubricating oil additives. It is extensively used as a protective barrier in the adhesive industry. For instance, it is used where exposure to sunlight is a potential risk for sealants. Medium molecular weight polyisobutylene is employed in insulating glass sealants and roofing membranes in the construction industry. Furthermore, it is used in protective films or acoustic barriers in the automotive industry. Medium molecular weight polyisobutylene is also an essential ingredient in the production of chewing gums.

In the past several years, the global medium molecular weight Polyisobutylene market is relatively stable with CAGR of 6.06% from 2012 to 2016. The market of MM PIB is highly concentrated with limited suppliers in the market. Leading suppliers in the market are BASF, ENEOS, Jilin Petrochemical, Shandong Hongrui and Zhejiang Shunda.

Application of Polyisobutylene can be classified as Adhesives, Sealants, Lubricants, Roofing, Paraffin and waxes, Bitumen, Chewing gum Other etc. Adhesives is the largest application of MM Polyisobutylene, which accounts for 35.44% of world total consumption volume.

The global medium molecular weight Polyisobutylene market is valued at 117.33 million USD in 2016 and is expected to reach 185.65 million USD by the end of 2023, growing at a CAGR of 6.77% between 2016 and 2023.

Click to view the full report: http://www.qyresearchglobal.com/goods-1721850.html

This article was first released by QYResearch, if reproduced, please indicate the source.

Marketing: sales@qyresearchglobal.com

Media Contact: press@qyresearch.com