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Emerging new applications key to growth in polyisobutylene market
Polyisobutylene (PIB): A Global Strategic Business Report - a new market research report on 2014-04-16 06:05:02
Global market for Polyisobutylene (PIB) is projected to reach 1.3 million tonnes by 2018 driven by increasing demand for Highly Reactive PIB, stringent regulations related to fuel, and emerging new applications such as solar energy and medicine.

Polyisobutylene (PIB) is one of the key raw materials used in the manufacture of lubricants and fuel additives, and also in numerous industrial applications worldwide, including adhesives, sealants, and cable compounds. Inherent physical and chemical properties of polyisobutylene render its use in various industrial and additive applications. As a result, growth in the Polyisobutylene market is dependent largely on general industrial and economic growth. Also, prices for polyisobutylene tend to be cyclical as well as volatile, largely due to external factors such as weather patterns, global political scenario, local and global economic conditions and production of natural gases and oil among others.

Global demand for PIB is also being driven by the emergence of new application areas such as solar energy and medicine. PIB has been gaining significance as a sealing substance for photovoltaic panel systems largely due to its electrical insulation, superior resistance towards gases, enhanced durability and excellent water vapor barrier properties. In the Oil and Energy industry, manufacturers are being increasingly compelled to use various types of PIB additives including polyisobutylene-amines, polyisobutylene mono-succinimide and polyisobutylene bis-succinimide into fuels.

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