Polybutene Market is predicted to reach USD 0.96 Billion at a CAGR of 7.50% during the forecast period

Pune, India, August 2023/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Polybutene Market. 

Market Research Future (MRFR) has published a cooked research report on the “Polybutene Market” that contains information from 2018 to 2032. The Polybutene Market is estimated to register a CAGR of 7.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Polybutene Market — ABB BASF SE (Germany), Dongfang Hongye Limited Company (China), DAELIM (South Korea), INEOS (UK), Lubrizol Corporation (U.S.), LyondellBasell Industries Holdings B.V. (The Netherlands), Mitsui Chemicals Inc. (Japan), TPC Group (U.S.), Ylem Technology Co. Ltd. (South Korea), Braskem (Brazil), KEMAT Polybutenes (Belgium), SOLTEX (U.S.), Maharashtra Polybutenes Ltd (India), and A S Harrison & Co Pty Limited (Australia)

Market Highlights

The global Polybutene Market is accounted to register a CAGR of 7.50% during the forecast period and is estimated to reach USD 0.96 Billion by 2032.

Polybutene is a type of polymer with a high molecular weight and is commonly used in various applications due to its unique properties. It is produced through the polymerization of butene, a hydrocarbon derived from crude oil or natural gas.

Segment Analysis

The global Polybutene Market has been segmented based on Application.

The polybutene market segmentation, based on type includes adhesives, cosmetics, electrical insulation, fuel and lubricant additives, lubricants and others. The adhesives segment dominated the market because it kept a high degree of elasticity at low temperatures. As an adhesive, it primarily uses binding and packing in feminine care and nappy items. Diapers and feminine products are the most typical applications for this glue, mostly used for binding and packing. Furthermore, due to the extensive replacement of mineral oil in automotive and industrial lubrication, the lubricant market is predicted to expand significantly. The special qualities of polybutene, such as its high film strength, hydrophobicity, superior lubricity, and non-corrosive nature, further expand its employment as lubricants in end-use industries.

Regional Analysis

The global Polybutene Market, based on region, has been divided into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific polybutene market area will dominate this market. The market growth is aided by reduced labor costs and economic expansion due to rapid industrialization favoring polybutene's end-use sectors. Another factor that is anticipated to increase demand for polybutene is a government program in China and India to promote economic growth through innovation. The expansion of manufacturing capacity by international chemical manufacturing companies in developing economies to meet consumer demand is another trend that will undoubtedly impact the growth of the polybutene market over the course of the forecast year.

Europe's polybutene market accounts for the second-largest market share. Due to rising construction spending, automobile manufacturing, and the packaging industry's expansion, the area is anticipated to maintain its leadership over the forecast period. Further, the German polybutene market held the largest market share, and the UK polybutene market was the fastest-growing market in the European region

North America Polybutene Market is expected to grow at the fastest CAGR from 2023 to 2032 because polybutene is being used more frequently in cosmetic and personal care products. Recent years have seen an increase in the use of cosmetic and skin care products due to changing consumer grooming habits.  demand of skincare products has been prompted by the rise in skin problems worldwide. Moreover, US polybutene market held the largest market share, and the Canadian polybutene market was the fastest-growing market in the region.

Key Findings of the Study

• The global Polybutene Market is expected to reach USD 0.96 Billion by 2032, at a CAGR of 7.50% during the forecast period.


• North America Polybutene Market is expected to grow at the fastest CAGR from 2023 to 2032 because polybutene is being used more frequently in cosmetic and personal care products.


• The polybutene market segmentation, based on type includes adhesives, cosmetics, electrical insulation, fuel and lubricant additives, lubricants, and others.


• BASF SE (Germany), Dongfang Hongye Limited Company (China), DAELIM (South Korea), INEOS (UK), Lubrizol Corporation (U.S.), LyondellBasell Industries Holdings B.V. (The Netherlands), Mitsui Chemicals Inc. (Japan), TPC Group (U.S.), Ylem Technology Co. Ltd. (South Korea), Braskem (Brazil), KEMAT Polybutenes (Belgium), SOLTEX (U.S.), Maharashtra Polybutenes Ltd (India), and A S Harrison & Co Pty Limited (Australia).
  
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