The highly reactive polyisobutylene market is projected to reach US$ 697.44 million by 2028 from US$ 508.77 million in 2021; it is expected to grow at a CAGR of 4.6% from 2021 to 2028.
Highly reactive polyisobutylene (HR-PIB) is an important intermediate used in the production of high-performance fuel and lubricant additives, such as dispersants for engine oils or fuel detergents. The high-performance lubricant additives allow for more fuel-efficient engine designs.
In 2020, Asia Pacific held the largest revenue share of the highly reactive polyisobutylene market. The lubricants & grease segment is the largest consumer of HR-PIB in Asia Pacific region. The proliferation of the automotive sector in the region is boosting the demand for hydraulic fluid and lubricants, thereby propelling the need for HR-PIB. Further, the increase in industrialization and construction in Asia Pacific is driving the demand for machinery and equipment in the related manufacturing facilities.
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Highly Reactive Polyisobutylene Market: Strategic Insights
Market Size Value in US$ 508.77 million in 2021 Market Size Value by US$ 697.44 million by 2028 Growth rate CAGR of 4.6% from 2021 to 2028. Forecast Period 2021- 2028 Base Year 2021
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Highly Reactive Polyisobutylene Market: Strategic Insights
| Market Size Value in | US$ 508.77 million in 2021 |
| Market Size Value by | US$ 697.44 million by 2028 |
| Growth rate | CAGR of 4.6% from 2021 to 2028. |
| Forecast Period | 2021- 2028 |
| Base Year | 2021 |
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Impact of COVID-19 Pandemic on Highly Reactive Polyisobutylene Market
In 2020, various industries had to slow down their operations due to disruptions in supply chains caused by the shutdown of national and international boundaries, which led to low demand for HR-PIB. The pandemic caused disturbances in manufacturing processes due to restrictions imposed by government authorities in various countries on headcount on work floors and transportation, which made challenging for employees to commute to and from the worksites. HR-PIB finds major applications in the manufacturing of high-performance fuel and lubricant additives. The decreased demand for fuel from various industries hindered the consumption of fuel additives, eventually hampering the sales of HR-PIB. However, as the economies started reviving their operations in 2021, the demand for HR-PIB also began to rise gradually.
Market Insights
Increasing Use of HR-PIB in High-Performance Fuel and Lubricant Additive Production
HR-PIB is an important intermediate that finds application in the production of high-performance fuel and lubricant additives. Due to its highly reactive nature, it is preferred over conventional polyisobutylene in the production of additives. The main function of lubricant additives is to improve the properties of the base stock under different operating conditions. Moreover, high-performance lubricant additives support more fuel-efficient engine designs. Dispersants are lubricant additives that help prevent sludge, varnish, and other deposit formation on critical surfaces. The demand for HR-PIB is growing in the industrial synthesis of dispersants for automotive engine oils. The presence of strong additive manufacturing bases in the US, Europe, and Asia Pacific makes them prime consumers of HR-PIB. Hence, the increasing use of HR-PIB in the manufacturing of high-performance fuel and lubricant additives boosts the market growth.
Application Insights
Based on application, the highly reactive polyisobutylene market has been segmented into adhesives/sealants, lubricants & grease, hydraulic fluids, metal working fluids, and others. The lubricants & grease segment held the largest market share in 2020. Lubricants such as engine oils, transmission oils, gear oils, greases, and compressor oils are highly consumed in the automotive, aircraft, marine, and machinery industries. HR-PIB helps enhance the overall performance of lubricants.
TPC Group; RB PRODUCTS INC.; BASF PETRONAS Chemicals Sdn. Bhd; Shandong Hongrui New Material Technology Co., Ltd; Daelim Co., Ltd.; Chevron Corporation; The Lubrizol Corporation; KEMAT Polybutenes; Weifang Binhai Petro-chem Co., Ltd.; and Nelson Brothers Incorporated are among the key market players in the highly reactive polyisobutylene market. Players operating in the highly reactive polyisobutylene market are highly focused on the development of high-quality and innovative products to meet the customer’s requirements.
Highly Reactive Polyisobutylene Market Report Scope
Report Spotlights
- Progressive trends in the highly reactive polyisobutylene industry to help players develop effective long-term strategies
- Business growth strategies adopted by companies for ensuring growth in developed and developing markets
- Quantitative analysis of the highly reactive polyisobutylene market from 2019 to 2028
- Estimation of global demand for HR-PIB
- Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook, and factors driving and restraining the growth of the highly reactive polyisobutylene market
- Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
- Size of the highly reactive polyisobutylene market at various nodes
- Detailed overview and segmentation of the market, and the HR-PIB industry dynamics
- Size of the highly reactive polyisobutylene market in various regions with promising growth opportunities
Highly Reactive Polyisobutylene Market
Application
- Adhesives/Sealants
- Lubricant & Grease
- Hydraulic Fluids
- Metal Working Fluids
- Others
Company Profiles
- TPC Group
- RB PRODUCTS INC.
- BASF PETRONAS Chemicals Sdn. Bhd
- Shandong Hongrui New Material Technology Co., Ltd
- Daelim Co., Ltd.
- Chevron Corporation
- The Lubrizol Corporation
- KEMAT Polybutenes
- Weifang Binhai Petro-chem Co., Ltd.
- Nelson Brothers Incorporated
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Production techniques and catalysts used to synthesize HR-PIB have become an important subject for research and development activities in the last few decades. Research and development activities are mostly focusing on new polymerization techniques with greater potential advantages than traditional techniques. Various research groups are also actively investigating new catalysts for synthesizing highly reactive polyisobutylene; this further underlines the demand for different polymerization techniques than the existing ones. In addition, HR-PIB is gaining significant popularity in different downstream functionalization reactions due to its greater reactivity than its conventional counterparts. These factors are likely to lead to new future trends in the highly reactive polyisobutylene market.
Players operating in the highly reactive polyisobutylene market are increasingly focusing on ramping up their production capacities to meet future customer demands by making significant investments. They are implementing plans to set up additional capacities of highly reactive polyisobutylene. In 2019, Saudi Aramco and Total announced an agreement with Daelim, a South Korean petrochemical company, to build a new polyisobutylene facility. As per the Memorandum of Understanding (MoU) between these companies, Daelim is planning to build a new state-of-the-art PIB plant with a capacity of 80,000 tons. The new plant is expected to come on-stream in 2024. This specialty chemical project will be using Daelim’s PIB proprietary technology to produce a wide range of products, from conventional PIB (CPIB) to HR-PIB, in a single plant. Hence, the growing focus of market players to escalate their capacities of HR-PIB production will offer huge growth opportunities to the market players in the coming years.
Increasing use of highly reactive polyisobutylene in high-performance fuel and lubricant additive production and proliferation of the automotive sector are the key factors driving the highly reactive polyisobutylene market during the forecast period. Highly reactive polyisobutylene is an important intermediate that finds application in the production of high-performance fuel and lubricant additives, such as fuel detergents or dispersants for engine oils. Due to its highly reactive nature, highly reactive polyisobutylene is preferred over conventional polyisobutylene in additive production. The demand for highly reactive polyisobutylene is growing in the industrial synthesis of dispersants for automotive engine oils. Moreover, highly reactive polyisobutylene finds applications in the production of fuel and lubricant additives, sealants, adhesives, and greases, among others, the flourishment of the automotive sector, in turn, creates a high demand for the same, thereby boosting the market growth.
Based on application, the lubricant and grease segment led the global highly reactive polyisobutylene market in 2020. Lubricants such as engine oils, transmission oils, gear oils, greases, and compressor oils are highly consumed in automotive, aircraft, marine, and machinery industries. highly reactive polyisobutylene is used as an intermediate for lubricant additive manufacturing. It helps to enhance the overall performance of lubricant and grease which is propelling the segment growth.
The major players operating in the global highly reactive polyisobutylene market are TPC Group; RB PRODUCTS INC.; BASF PETRONAS Chemicals Sdn. Bhd; Shandong Hongrui New Material Technology Co., Ltd; Daelim Co., Ltd.; Chevron Corporation; The Lubrizol Corporation; KEMAT Polybutenes; Weifang Binhai Petro-chem Co., Ltd.; and Nelson Brothers Incorporated.
During the forecast period, Asia-Pacific is anticipated to account for the largest share of the global highly reactive polyisobutylene market. Asia-Pacific region comprises several developed and developing economies, including China, India, Japan, South Korea, among others. The region is experiencing significant growth in automotive, which is boosting the demand for hydraulic fluid and lubricants which directly boosts demand for highly reactive polyisobutylene. Further, the increase in industrialization and construction in the region is driving the demand of machineries and equipment for manufacturing facilities, hydraulic fluids and sealants are widely used in these industries.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Highly Reactive Polyisobutylene Market, by Application
1.3.2 Highly Reactive Polyisobutylene Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Highly Reactive Polyisobutylene Market Landscape
4.1 Market Overview
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Highly Reactive Polyisobutylene Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Use of HR-PIB in High-Performance Fuel and Lubricant Additive Production
5.1.2 Proliferation of Automotive Sector
5.2 Market Restraints
5.2.1 Availability of Substitute
5.3 Market Opportunities
5.3.1 Growing Focus of Market Players on Boosting Production Capacities
5.4 Future Trends
5.4.1 New Polymerization Techniques and Growing Demand in Diverse Industries
5.5 Impact Analysis of Drivers and Restraints
6. Highly Reactive Polyisobutylene – Global Market Analysis
6.1 Highly Reactive Polyisobutylene Market Overview
6.2 Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Mn)
6.3 Market Positioning – Global Market Players
7. Highly Reactive Polyisobutylene Market Analysis – By Application
7.1 Overview
7.2 Highly Reactive Polyisobutylene Market, By Application (2020 and 2028)
7.3 Adhesives/Sealants:
7.3.1 Overview
7.3.2 Adhesives/Sealants: Highly Reactive Polyisobutylene Market – Revenue and Forecast to 2028 (USD Mn)
7.4 Lubricants and Grease:
7.4.1 Overview
7.4.2 Lubricants and Grease: Highly Reactive Polyisobutylene Market – Revenue and Forecast to 2028 (USD Mn)
7.5 Hydraulic Fluids:
7.5.1 Overview
7.5.2 Hydraulic Fluids: Highly Reactive Polyisobutylene Market – Revenue and Forecast to 2028 (USD Mn)
7.6 Metal Working Fluids. Error! Bookmark not defined.
7.6.1 Overview
7.6.2 Metal Working Fluids: Highly Reactive Polyisobutylene Market – Revenue and Forecast to 2028 (USD Mn)
7.7 Others
7.7.1 Overview
7.7.2 Others: Highly Reactive Polyisobutylene Market – Revenue and Forecast to 2028 (USD Mn)
8. Highly Reactive Polyisobutylene Market – Geographic Analysis
8.1 Overview
8.2 North America: Highly Reactive Polyisobutylene Market
8.2.1 North America: Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Million)
8.2.2 North America: Highly Reactive Polyisobutylene Market, by Application
8.2.3 North America: Highly Reactive Polyisobutylene Market, by Key Country
8.2.3.1 US: Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Million)
8.2.3.1.1 US: Highly Reactive Polyisobutylene Market, by Application
8.2.3.2 Canada: Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Million)
8.2.3.2.1 Canada: Highly Reactive Polyisobutylene Market, by Application
8.2.3.3 Mexico: Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Million)
8.2.3.3.1 Mexico: Highly Reactive Polyisobutylene Market, by Application
8.3 Europe: Highly Reactive Polyisobutylene Market
8.3.1 Europe: Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Million)
8.3.2 Europe: Highly Reactive Polyisobutylene Market, by Application
8.3.3 Europe: Highly Reactive Polyisobutylene Market, by Key Country
8.3.3.1 Germany: Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Million)
8.3.3.1.1 Germany: Highly Reactive Polyisobutylene Market, by Application
8.3.3.2 France: Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Million)
8.3.3.2.1 France: Highly Reactive Polyisobutylene Market, by Application
8.3.3.3 Italy: Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Million)
8.3.3.3.1 Italy: Highly Reactive Polyisobutylene Market, by Application
8.3.3.3.2 UK: Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Million)
8.3.3.3.3 UK: Highly Reactive Polyisobutylene Market, by Application
8.3.3.4 Russia: Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Million)
8.3.3.4.1 Russia: Highly Reactive Polyisobutylene Market, by Application
8.3.3.5 Rest of Europe: Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Million)
8.3.3.5.1 Rest of Europe: Highly Reactive Polyisobutylene Market, by Application
8.4 Asia-Pacific: Highly Reactive Polyisobutylene
8.4.1 Asia-Pacific: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
8.4.2 Asia-Pacific: Highly Reactive Polyisobutylene, by Application
8.4.3 Asia-Pacific: Highly Reactive Polyisobutylene, by Key Country
8.4.3.1 Australia: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
8.4.3.1.1 Australia: Highly Reactive Polyisobutylene, by Application
8.4.3.2 China: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
8.4.3.2.1 China: Highly Reactive Polyisobutylene, by Application
8.4.3.3 India: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
8.4.3.3.1 India: Highly Reactive Polyisobutylene, by Application
8.4.3.4 Japan: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
8.4.3.4.1 Japan: Highly Reactive Polyisobutylene, by Application
8.4.3.5 South Korea: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
8.4.3.5.1 South Korea: Highly Reactive Polyisobutylene, by Application
8.4.3.6 Rest of Asia-Pacific: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
8.4.3.6.1 Rest of Asia-Pacific: Highly Reactive Polyisobutylene, by Application
8.5 Middle East and Africa: Highly Reactive Polyisobutylene
8.6 South and Central America: Highly Reactive Polyisobutylene Market
9. Impact of COVID-19
9.1 Overview – Impact of COVID-19
9.2 Impact of COVID-19 on Highly Reactive Polyisobutylene Market
9.3 North America: Impact Assessment of COVID-19 Pandemic
9.4 Europe: Impact Assessment of COVID-19 Pandemic
9.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic
9.6 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
9.7 South America: Impact Assessment of COVID-19 Pandemic
10. Industry Landscape
10.1 Expansion
11. Company Profiles
11.1 TPC Group
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 RB PRODUCTS, INC.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 BASF PETRONAS Chemicals Sdn. Bhd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Shandong Hongrui New Material Technology Co., Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Daelim Co., Ltd.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Chevron Corporation
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 The Lubrizol Corporation
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 KEMAT Polybutenes
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Weifang Binhai Petro-chem Co., Ltd.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Nelson Brothers Incorporated
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Mn)
Table 2. Global Highly Reactive Polyisobutylene Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Highly Reactive Polyisobutylene Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 4. US Highly Reactive Polyisobutylene Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Highly Reactive Polyisobutylene Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico Highly Reactive Polyisobutylene Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Europe Highly Reactive Polyisobutylene Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Germany Highly Reactive Polyisobutylene Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. France Highly Reactive Polyisobutylene Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy Highly Reactive Polyisobutylene Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. UK Highly Reactive Polyisobutylene Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 12. Russia : Highly Reactive Polyisobutylene Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. Russia Highly Reactive Polyisobutylene Market, by Application – Revenue and Forecast to 2028 (USD Million) Error! Bookmark not defined.
Table 14. Rest of Europe Highly Reactive Polyisobutylene Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. Asia-Pacific Highly Reactive Polyisobutylene, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 16. Australia Highly Reactive Polyisobutylene, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. China Highly Reactive Polyisobutylene, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 18. India Highly Reactive Polyisobutylene, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. Japan Highly Reactive Polyisobutylene, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 20. South Korea Highly Reactive Polyisobutylene, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Asia-Pacific Highly Reactive Polyisobutylene, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 31. Glossary of Terms, Global Highly Reactive Polyisobutylene Market
LIST OF FIGURES
Figure 1. Highly Reactive Polyisobutylene Market Segmentation
Figure 2. Highly Reactive Polyisobutylene Market Segmentation – By Geography
Figure 3. Global Highly Reactive Polyisobutylene Market Overview
Figure 4. Global Highly Reactive Polyisobutylene Market, By Application
Figure 5. Global Highly Reactive Polyisobutylene Market, by Geography
Figure 6. Global Highly Reactive Polyisobutylene Market, Industry Landscape
Figure 7. Porter's Five Forces Analysis
Figure 8. Highly Reactive Polyisobutylene Market - Ecosystem
Figure 9. Expert Opinion
Figure 10. Highly Reactive Polyisobutylene Market Impact Analysis of Driver and Restraints
Figure 11. Geographic Overview of Highly Reactive Polyisobutylene Market
Figure 12. Highly Reactive Polyisobutylene Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 13. Highly Reactive Polyisobutylene Market Revenue Share, By Application (2020 and 2028)
Figure 14. Adhesives/Sealants: Highly Reactive Polyisobutylene Market – Revenue and Forecast To 2028 (USD Mn)
Figure 15. Lubricants and Grease: Highly Reactive Polyisobutylene Market – Revenue and Forecast To 2028 (USD Mn)
Figure 16. Hydraulic Fluids: Highly Reactive Polyisobutylene Market – Revenue and Forecast To 2028 (USD Mn)
Figure 17. Metal working fluids: Highly Reactive Polyisobutylene Market – Revenue and Forecast To 2028 (USD Mn)
Figure 18. Others: Highly Reactive Polyisobutylene Market – Revenue and Forecast To 2028 (USD Mn)
Figure 19. Global Highly Reactive Polyisobutylene Market Revenue Share, by Region (2020 and 2028)
Figure 20. North America: Highly Reactive Polyisobutylene Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America: Highly Reactive Polyisobutylene Market Revenue Share, by Key Country (2020 and 2028)
Figure 22. US: Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Million)
Figure 23. Canada: Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Million)
Figure 24. Mexico: Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe: Highly Reactive Polyisobutylene Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Europe: Highly Reactive Polyisobutylene Market Revenue Share, by Application (2020 and 2028)
Figure 27. Europe: Highly Reactive Polyisobutylene Market Revenue Share, by Key Country (2020 and 2028)
Figure 28. Germany: Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. France: Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Italy: Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. UK: Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. Russia: Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of Europe: Highly Reactive Polyisobutylene Market –Revenue and Forecast to 2028 (US$ Million)
Figure 34. Asia-Pacific: Highly Reactive Polyisobutylene – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Asia-Pacific: Highly Reactive Polyisobutylene Revenue Share, by Application (2020 and 2028)
Figure 36. Asia-Pacific: Highly Reactive Polyisobutylene Revenue Share, by Key Country (2020 and 2028)
Figure 37. Australia: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
Figure 38. China: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
Figure 39. India: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
Figure 40. Japan: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
Figure 41. South Korea: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
Figure 42. Rest of Asia-Pacific: Highly Reactive Polyisobutylene –Revenue and Forecast to 2028 (US$ Million)
Figure 51. South and Central America: Highly Reactive Polyisobutylene Market Revenue Share, by Application (2020 and 2028)
Figure 56. Impact of COVID-19 Pandemic on Highly Reactive Polyisobutylene Market in North America
Figure 57. Impact of COVID-19 Pandemic on Highly Reactive Polyisobutylene Market in Europe
Figure 58. Impact of COVID-19 Pandemic on Highly Reactive Polyisobutylene Market in Asia Pacific
Figure 59. Impact of COVID-19 Pandemic on Highly Reactive Polyisobutylene in Middle East and Africa
Figure 60. Impact of COVID-19 Pandemic on Highly Reactive Polyisobutylene in South America
The List of Companies - Highly Reactive Polyisobutylene Market
- TPC Group
- RB PRODUCTS INC.
- BASF PETRONAS Chemicals Sdn. Bhd
- Shandong Hongrui New Material Technology Co., Ltd
- Daelim Co., Ltd.
- Chevron Corporation
- The Lubrizol Corporation
- KEMAT Polybutenes
- Weifang Binhai Petro-chem Co., Ltd.
- Nelson Brothers Incorporated
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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