High Purity Isobutylene Market Research Report - Forecast to 2027

High Purity Isobutylene (HPIB) Market: By Method (C4 fraction separation, MTBE decomposition, Isobutane Dehydrogenation and Others), By Application (Butyl Rubber, Polyisobutylene, Tery-Butylphenol Series Product, Trimethylacetic Acid, Methyl-Ally-Chloride and Others) and Region (North America, Europe, Asia Pacific, The Middle East & Africa (MEA), Latin America) - Forecast till 2027

ID: MRFR/CnM/5677-CR | January 2019 | Region: Global | 165 pages

Please note that the assessment period of the report has been updated from 2018-2023 to 2020-2027. Cordially fill Sample form for the updated data.

Market Snapshot


High purity isobutylene (HPIB) market is projected to travel on an upward trajectory over the next several years. During the projection period (2018-2023), the market is set to record a compound annual growth rate of 7.06%. HPIB demand is on the rise owing to its increased application in the automotive sector. Much of the growth in HPIB demand can be attributed to the expansion of end-use sectors such as rubber manufacturing and fuel additives in regions such as APAC, LatAm and MEA.  MTBE decomposition method continues to be the most popular method for HPIB production but growing criticisms with regards to its poor environmental viability has raised concern among suppliers. It is highly likely that development of acceptable production techniques will remain a key area of focus in the forthcoming years.  


Synopsis


This MRFR report offers a comprehensive assessment of the global HPIB market. It includes a historical analysis along with a five-year revenue (2018-2023) forecast. All the important macro and microeconomic factors have been thoroughly discussed in the report. The scope of discussion also covers potentials of various HPIB production methods including C4 fraction separation, isobutane dehydrogenation and MTBE decomposition. Also, detailed analysis is available of the application potential of HPIB in manufacturing of polyisobutylene, butyl rubber, trimethylacetic acid, tery-butylphenol series product, polyisobutylene and methyl-ally-chloride.


Companies Covered


Zhejiang Shunda New Material Co., Ltd., Sinopec Beijing Yanshan Company, Honeywell International Inc., Sumitomo Chemical Co., Ltd., PJSC Nizhnekamskneftekhim, Shandong Chambroad Petrochemicals Co. Ltd., Zibo Qixiangtengda Chemcial Co., Ltd., Evonik Industries AG., TPC Group, Exxon Mobil Corporation, Global Bioenergies, LyondellBasell Industries Holdings BV, Tasco Group, Songwon, and Saipem SpA.


The High purity isobutylene (HPIB) market report offers insights into the leading market players and presents an assessment of their current market position. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.


Research Methodology


MRFR's research crux involves accurate assessment of various aspects of the High purity isobutylene (HPIB) market market through a scrupulous combination of both primary and secondary research methods. Primary data assortment includes gathering inputs from experts and pioneers of the relevant industry. Secondary data is impersonated from information available on public domain such as journals, annual reports, white papers, SEC filings, company websites, etc. which assists in advanced analysis of the market. Analysts employ both top-down and bottom-up approaches to estimate and validate the size of the market and other dependent sub-markets. Collected data is rigorously analyzed and distilled thoroughly with proprietary tools to arrive at concrete conclusions.


Other Description



  • Market Denomination- USD Mn

  • Base Year- 2017

  • Forecast Period- from 2018 to 2023


For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global high purity isobutylene market;


By Method



  • C4 fraction separation

  • MTBE decomposition

  • Isobutane Dehydrogenation

  • Others


By Application



  • Butyl Rubber

  • Polyisobutylene

  • Tery-Butylphenol Series Product

  • Trimethylacetic Acid

  • Methyl-Ally-Chloride

  • Others


By Region



  • North America

  • Europe

  • Asia Pacific

  • The Middle East & Africa (MEA)

  • Latin America


Intended Audience



  • High Purity Isobutylene Manufacturers

  • High Purity Isobutylene Suppliers and Distributors

  • Potential Investors

  • Raw Material Suppliers

  • High Purity Isobutylene Associations

  • End Use Industries



The global high purity isobutylene (HPIB) is projected to post a 7.06% compound annual growth rate during the forecast period (2018-2023). The market was valued at over USD 7,000 Mn in the year 2017. High purity isobutylene (HPIB) is a coproduct of catalytic cracking operations and olefins hydrocarbons. Pure form of isobutylene is produced through decomposition of methyl tertiary butyl ether (MTBE) into isobutylene and methanol and the dehydrogenation of isobutane. There has been severe scrutiny on the harmful effects of isobutylene production, which is prompting manufacturers to shift their focus towards bio-based high purity isobutylene. At the same time, emphasis is being place on implementing production methods that allow market players to achieve economies of scale. The C4 fraction separation method has gained tremendous mileage in recent years owing it benefits such as limited energy consumption and lower manufacturing cost. Some of the leading market participants such as Evonik Industries AG., Tasco Group, Shandong Chambroad Petrochemicals Co.Ltd, Honeywell International Inc. and TPC Group have started using the method for producing HPIB.


Growth of the global HPIB has been linked with several micro and macroeconomic factors. Growth of end-use industries in emerging market such as China, Mexico and India is also providing an impetus to the market. Consumption has continued to increase in the automotive section, which characterizes the upsurge in demand for HPIB. HPIB is a key raw material in production of various synthetic rubber variants including butyl rubber. Such rubber variants are used extensively in tires and tubes. The automobile sector has expended rapidly in BRIC countries, which has created enormous scope of business for the rubber industry. Meanwhile, application of Isobutylene has also increased in production of fuel and lubricant additives. HPIB is also used as an antioxidant in fuel and lubricant additives for prolonged use of oil in engines and gearboxes.


Segmental Analysis


The segmental analysis of the market is based on method and application. On the basis of method, the market has been segmented into C4 fraction separation, MTBE decomposition, isobutane dehydrogenation and others. The MTBE decomposition segment held the largest market share in 2017. Towards the end of the forecast, the segment is expected to reach a market valuation of USD 3,847.9 Mn. However, bans that have been imposed on MTBE in countries such as the U.S. due to the toxicity issues associated with the method is likely to hamper its demand in the forthcoming years.  Meanwhile, theC4 fraction separation segment is projected to register the highest CAGR of 7.81% during the assessment period.


Based on application, the market has been segmented into butyl rubber, polyisobutylene, tery-butylphenol series product, trimethylacetic acid, methyl-ally-chloride and others. The butyl rubber segment is accounts for the most dominant market share. Increasing tire production has had a positive impact on the demand for butyl rubber.


Regional Outlook  


On the basis of region, the market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America and the Middle East & Africa (MEA). The market is expected to remain highly lucrative during the assessment. The APAC HPIB market is projected to reach USD 4,377.1 million by 2023-end, reflecting CAGR of 8.30%. Factor such as rising production of automobiles, low labor costs, and robust production expansion are having a positive influence on the region’s HPIB market. In addition, local policymakers are making efforts towards developing a trade friendly environment by introducing new policy frameworks. Besides Japan, China and India, countries such as Thailand, Malaysia and Vietnam are also expected to make significant contribution to the market’s growth in APAC. North America and Europe are the other two important markets for HPIB.


Competition Tracking


Top companies functioning in the global HPIB market include Saipem SpA, TPC Group, Sinopec Beijing Yanshan Company, Tasco Group, Songwon, Honeywell International Inc., LyondellBasell Industries Holdings BV, Sumitomo Chemical Co., Ltd, Exxon Mobil Corporation, PJSC Nizhnekamskneftekhim, Evonik Industries AG., Global Bioenergies, Zibo Qixiangtengda Chemcial Co., Ltd., Shandong Chambroad Petrochemicals Co. Ltd., and Zhejiang Shunda New Material Co., Ltd.

1 Executive Summary

2 Market Introduction

2.1 Definition 19

2.2 Scope Of The Study 19

2.3 List Of Assumptions 20

2.4 Market Structure 20

3 Market Insights

3.1 Key Takeaways 22

4 Research Methodology

4.1 Research Process 26

4.2 Primary Research 27

4.3 Secondary Research 28

4.4 Market Size Estimation 28

4.5 Forecast Model 29

5 Market Dynamics

5.1 Introduction 31

5.2 Drivers 32

5.2.1 Drivers Impact Analysis 32

5.2.2 Growing Demand For Rubber In The Automotive Industry 32

5.2.3 Increasing Use In Fuel And Lubricant Additives 33

5.2.4 Rising Demand In Asia-Pacific 33

5.3 Restraint 35

5.3.1 Restraints Impact Analysis 35

5.3.2 Environmental And Health Problems Caused By Isobutylene Production 35

5.4 Opportunities 36

5.4.1 Development Of Bio-Based And Environmentally Friendly Products 36

6 Market Factor Analysis

6.1 Supply Chain Analysis 38

6.1.1 Raw Material Suppliers 38

6.1.2 High Purity Isobutylene Manufacturers 38

6.1.3 Distribution Channel 39

6.1.4 Applications 39

6.2 Porter’s Five Forces Analysis 39

6.2.1 Threat Of New Entrants 39

6.2.2 Threat Of Rivalry 39

6.2.3 Threat Of Substitutes 40

6.2.4 Bargaining Power Of Suppliers 40

6.2.5 Bargaining Power Of Buyers 40

7 Global High Purity Isobutylene (HPIB) Market, By Method

7.1 Introduction 42

7.2 MTBE Decomposition Method 44

7.3 C4 Fraction Separation Method 45

7.4 Isobutane Dehydrogenation Method 46

7.5 Others 47

8 Global High Purity Isobutylene (HPIB) Market, By Application

8.1 Introduction 50

8.2 Butyl Rubber 52

8.3 Polyisobutylene 53

8.4 Tert-Butylphenol Series Product 54

8.5 Trimethylacetic Acid 55

8.6 Methyl-Ally-Chloride 56

8.7 Others 57

9 Global High Purity Isobutylene (HPIB) Market, By Region

9.1 Introduction 59

9.2 North America 63

9.2.1 U.S. 65

9.2.2 Canada 67

9.3 Europe 69

9.3.1 Germany 72

9.3.2 UK 74

9.3.3 France 76

9.3.4 Spain 78

9.3.5 Italy 80

9.3.6 Russia 82

9.3.7 Poland 84

9.3.8 Rest Of Europe 86


9.4 Asia-Pacific 88

9.4.1 China 91

9.4.2 Japan 93

9.4.3 India 95

9.4.4 Australia & New Zealand 97

9.4.5 Indonesia 99

9.4.6 Malaysia 101

9.4.7 Thailand 103

9.4.8 Rest Of Asia-Pacific 105

9.5 Latin America 108

9.5.1 Mexico 111

9.5.2 Argentina 113

9.5.3 Brazil 115

9.5.4 Rest Of Latin America 117

9.6 The Middle East And Africa 119

9.6.1 Turkey 122

9.6.2 UAE 124

9.6.3 Saudi Arabia 126

9.6.4 Egypt 128

9.6.5 Rest Of Middle East And Africa 130

10 Competitive Landscape

10.1 Introduction 133

10.2 Market Strategy Analysis 133

10.3 Key Developments Of Market Players 134

11 Company Profiles

11.1 Saipem SpA 137

11.1.1 Company Overview 137

11.1.2 Financial Overview 137

11.1.3 Products Offered 137

11.1.4 Key Developments 137

11.1.5 SWOT Analysis 138

11.1.6 Key Strategies 138


11.2 TPC Group 139

11.2.1 Company Overview 139

11.2.2 Financial Overview 139

11.2.3 Products Offered 139

11.2.4 Key Developments 139

11.2.5 SWOT Analysis 140

11.2.6 Key Strategies 140

11.3 Sinopec Beijing Yanshan Company 141

11.3.1 Company Overview 141

11.3.2 Financial Overview 141

11.3.3 Products Offered 141

11.3.4 Key Developments 142

11.3.5 SWOT Analysis 142

11.3.6 Key Strategies 142

11.4 Tasco Group 143

11.4.1 Company Overview 143

11.4.2 Financial Overview 143

11.4.3 Products Offered 143

11.4.4 Key Developments 143

11.4.5 SWOT Analysis 143

11.4.6 Key Strategies 143

11.5 Songwon 144

11.5.1 Company Overview 144

11.5.2 Financial Overview 144

11.5.3 Products Offered 145

11.5.4 Key Developments 145

11.5.5 SWOT Analysis 145

11.5.6 Key Strategies 145

11.6 Honeywell International Inc. 146

11.6.1 Company Overview 146

11.6.2 Financial Overview 146

11.6.3 Products Offered 146

11.6.4 Key Developments 147

11.6.5 SWOT Analysis 147

11.6.6 Key Strategies 147

11.7 LyondellBasell Industries Holdings BV 148

11.7.1 Company Overview 148

11.7.2 Financial Overview 148

11.7.3 Products Offered 148

11.7.4 Key Developments 149

11.7.5 SWOT Analysis 149

11.7.6 Key Strategies 149

11.8 Sumitomo Chemical Co., Ltd 150

11.8.1 Company Overview 150

11.8.2 Financial Overview 150

11.8.3 Products Offered 150

11.8.4 Key Developments 151

11.8.5 SWOT Analysis 151

11.8.6 Key Strategies 151

11.9 Exxon Mobil Corporation 152

11.9.1 Company Overview 152

11.9.2 Financial Overview 152

11.9.3 Products Offered 152

11.9.4 Key Developments 152

11.9.5 SWOT Analysis 153

11.9.6 Key Strategy 153

11.10 PJSC Nizhnekamskneftekhim 154

11.10.1 Company Overview 154

11.10.2 Financial Overview 154

11.10.3 Products Offered 154

11.10.4 Key Developments 155

11.10.5 SWOT Analysis 155

11.10.6 Key Strategies 155

11.11 Evonik Industries AG 156

11.11.1 Company Overview 156

11.11.2 Financial Overview 156

11.11.3 Products Offered 156

11.11.4 Key Developments 157

11.11.5 SWOT Analysis 157

11.11.6 Key Strategies 157

11.12 Global Bioenergies 158

11.12.1 Company Overview 158

11.12.2 Financial Overview 158

11.12.3 Products Offered 158

11.12.4 Key Developments 159

11.12.5 SWOT Analysis 159

11.12.6 Key Strategies 159

11.13 Zibo Qixiangtengda Chemical Co., Ltd 160

11.13.1 Company Overview 160

11.13.2 Financial Overview 160

11.13.3 Products Offered 160

11.13.4 Key Developments 160

11.13.5 Key Strategies 160

11.14 Shandong Chambroad Petrochemicals Co. Ltd 161

11.14.1 Company Overview 161

11.14.2 Financial Overview 161

11.14.3 Products Offered 161

11.14.4 Key Developments 161

11.14.5 Key Strategies 161

11.15 Zhejiang Shunda New Material Co., Ltd 162

11.15.1 Company Overview 162

11.15.2 Financial Overview 162

11.15.3 Products Offered 162

11.15.4 Key Developments 162

11.15.5 Key Strategies 162

12 Conclusion

13 List Of Tables

TABLE 1 MARKET SYNOPSIS 17

TABLE 2 LIST OF ASSUMPTIONS 20

TABLE 3 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB), BY METHOD, 2020-2027(USD MILLION) 42

TABLE 4 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 43

TABLE 5 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET FOR MTBE DECOMPOSITION METHOD, BY REGION,

2020-2027(USD MILLION) 44

TABLE 6 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET FOR MTBE DECOMPOSITION METHOD, BY REGION,

2020-2027(KILO TONS) 44

TABLE 7 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET FOR C4 FRACTION SEPARATION METHOD, BY REGION,

2020-2027(USD MILLION) 45

TABLE 8 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET FOR C4 FRACTION SEPARATION METHOD, BY REGION,

2020-2027(KILO TONS) 46

TABLE 9 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET FOR ISOBUTANE DEHYDROGENATION METHOD, BY REGION,

2020-2027(USD MILLION) 46

TABLE 10 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET FOR ISOBUTANE DEHYDROGENATION METHOD, BY REGION,

2020-2027(KILO TONS) 47

TABLE 11 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET FOR OTHERS, BY REGION, 2020-2027(USD MILLION) 47

TABLE 12 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET FOR OTHERS, BY REGION, 2020-2027(KILO TONS) 48

TABLE 13 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB), BY APPLICATION, 2020-2027(USD MILLION) 50

TABLE 14 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 51

TABLE 15 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET FOR BUTYL RUBBER, BY REGION, 2020-2027(USD MILLION) 52

TABLE 16 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET FOR BUTYL RUBBER, BY REGION, 2020-2027(KILO TONS) 52

TABLE 17 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB)MARKET FOR POLYISOBUTYLENE, BY REGION, 2020-2027(USD MILLION) 53

TABLE 18 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET FOR POLYISOBUTYLENE, BY REGION, 2020-2027(KILO TONS) 53

TABLE 19 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET FOR TERT-BUTYLPHENOL SERIES PRODUCT, BY REGION,

2020-2027(USD MILLION) 54

TABLE 20 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB)MARKET FOR TERT-BUTYLPHENOL SERIES PRODUCT, BY REGION,

2020-2027(KILO TONS) 54

TABLE 21 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET FOR TRIMETHYLACETIC ACID, BY REGION, 2020-2027(USD MILLION) 55

TABLE 22 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB)MARKET FOR TRIMETHYLACETIC ACID, BY REGION, 2020-2027(KILO TONS) 55

TABLE 23 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET FOR METHYL-ALLY-CHLORIDE, BY REGION, 2020-2027(USD MILLION) 56

TABLE 24 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET FOR METHYL-ALLY-CHLORIDE, BY REGION, 2020-2027(KILO TONS) 56

TABLE 25 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET FOR OTHERS, BY REGION, 2020-2027(USD MILLION) 57

TABLE 26 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET FOR OTHERS, BY REGION, 2020-2027(KILO TONS) 57

TABLE 27 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY REGION, 2020-2027(USD MILLION) 59

TABLE 28 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY REGION, 2020-2027(KILO TONS) 60

TABLE 29 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 61

TABLE 30 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 61

TABLE 31 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 62

TABLE 32 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 62

TABLE 33 NORTH AMERICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY COUNTRY, 2020-2027(USD MILLION) 63

TABLE 34 NORTH AMERICA HIGH PURITY ISOBUTYLENE (HPIB)MARKET, BY COUNTRY, 2020-2027(KILO TONS) 63

TABLE 35 NORTH AMERICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 63

TABLE 36 NORTH AMERICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 64

TABLE 37 NORTH AMERICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 64

TABLE 38 NORTH AMERICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 65

TABLE 39 U.S. HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 65

TABLE 40 U.S. HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 66

TABLE 41 U.S. HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 66

TABLE 42 U.S. HIGH PURITY ISOBUTYLENE (HPIB)MARKET, BY APPLICATION, 2020-2027(KILO TONS) 67

TABLE 43 CANADA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 67

TABLE 44 CANADA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 68

TABLE 45 CANADA HIGH PURITY ISOBUTYLENE (HPIB)MARKET, BY APPLICATION, 2020-2027(USD MILLION) 68

TABLE 46 CANADA HIGH PURITY ISOBUTYLENE (HPIB)MARKET, BY APPLICATION, 2020-2027(KILO TONS) 69

TABLE 47 EUROPE HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY COUNTRY, 2020-2027(USD MILLION) 69

TABLE 48 EUROPE HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY COUNTRY, 2020-2027(KILO TONS) 70

TABLE 49 EUROPE HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 70

TABLE 50 EUROPE HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 71

TABLE 51 EUROPE HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 71

TABLE 52 EUROPE HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 72

TABLE 53 GERMANY HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 72

TABLE 54 GERMANY HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 73

TABLE 55 GERMANY HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 73

TABLE 56 GERMANY HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 74

TABLE 57 UK HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 74

TABLE 58 UK HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 75

TABLE 59 UK HIGH PURITY ISOBUTYLENE (HPIB)MARKET, BY APPLICATION, 2020-2027(USD MILLION) 75

TABLE 60 UK HIGH PURITY ISOBUTYLENE (HPIB)MARKET, BY APPLICATION, 2020-2027(KILO TONS) 76

TABLE 61 FRANCE HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 76

TABLE 62 FRANCE HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 77

TABLE 63 FRANCE HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 77

TABLE 64 FRANCE HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 78

TABLE 65 SPAIN HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 78

TABLE 66 SPAIN HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 79

TABLE 67 SPAIN HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 79

TABLE 68 SPAIN HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 80

TABLE 69 ITALY HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 80

TABLE 70 ITALY HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 81

TABLE 71 ITALY HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 81

TABLE 72 ITALY HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 82

TABLE 73 RUSSIA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 82

TABLE 74 RUSSIA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 83

TABLE 75 RUSSIA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 83

TABLE 76 RUSSIA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 84

TABLE 77 POLAND HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 84

TABLE 78 POLAND HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 85

TABLE 79 POLAND HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 85

TABLE 80 POLAND HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 86

TABLE 81 REST OF EUROPE HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 86

TABLE 82 REST OF EUROPE HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 87

TABLE 83 REST OF EUROPE HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 87

TABLE 84 REST OF EUROPE HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 88

TABLE 85 ASIA-PACIFIC HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY COUNTRY, 2020-2027(USD MILLION) 88

TABLE 86 ASIA-PACIFIC HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY COUNTRY, 2020-2027(KILO TONS) 89

TABLE 87 ASIA-PACIFIC HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 89

TABLE 88 ASIA-PACIFIC HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 90

TABLE 89 ASIA-PACIFIC HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 90

TABLE 90 ASIA-PACIFIC HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 91

TABLE 91 CHINA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 91

TABLE 92 CHINA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 92

TABLE 93 CHINA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 92

TABLE 94 CHINA HIGH PURITY ISOBUTYLENE (HPIB)MARKET, BY APPLICATION, 2020-2027(KILO TONS) 93

TABLE 95 JAPAN HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 93

TABLE 96 JAPAN HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 94

TABLE 97 JAPAN HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 94

TABLE 98 JAPAN HIGH PURITY ISOBUTYLENE (HPIB)MARKET, BY APPLICATION, 2020-2027(KILO TONS) 95

TABLE 99 INDIA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 95

TABLE 100 INDIA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 96

TABLE 101 INDIA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 96

TABLE 102 INDIA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 97

TABLE 103 AUSTRALIA & NEW ZEALAND HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 97

TABLE 104 AUSTRALIA & NEW ZEALAND HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 98

TABLE 105 AUSTRALIA & NEW ZEALAND HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 98

TABLE 106 AUSTRALIA & NEW ZEALAND HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 99

TABLE 107 INDONESIA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 99

TABLE 108 INDONESIA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 100

TABLE 109 INDONESIA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 100

TABLE 110 INDONESIA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 101

TABLE 111 MALAYSIA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 101

TABLE 112 MALAYSIA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 102

TABLE 113 MALAYSIA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 102

TABLE 114 MALAYSIA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 103

TABLE 115 THAILAND HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 103

TABLE 116 THAILAND HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 104

TABLE 117 THAILAND HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 104

TABLE 118 THAILAND HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 105

TABLE 119 REST OF ASIA-PACIFIC HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 105

TABLE 120 REST OF ASIA-PACIFIC HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 106

TABLE 121 REST OF ASIA-PACIFIC HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 106

TABLE 122 REST OF ASIA-PACIFIC HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 107

TABLE 123 LATIN AMERICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY COUNTRY, 2020-2027(USD MILLION) 108

TABLE 124 LATIN AMERICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY COUNTRY, 2020-2027(KILO TONS) 108

TABLE 125 LATIN AMERICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 109

TABLE 126 LATIN AMERICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 109

TABLE 127 LATIN AMERICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 110

TABLE 128 LATIN AMERICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 110

TABLE 129 MEXICO HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 111

TABLE 130 MEXICO HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 111

TABLE 131 MEXICO HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 112

TABLE 132 MEXICO HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 112

TABLE 133 ARGENTINA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 113

TABLE 134 ARGENTINA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 113

TABLE 135 ARGENTINA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 114

TABLE 136 ARGENTINA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 114

TABLE 137 BRAZIL HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 115

TABLE 138 BRAZIL HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 115

TABLE 139 BRAZIL HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 116

TABLE 140 BRAZIL HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 116

TABLE 141 REST OF LATIN AMERICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 117

TABLE 142 REST OF LATIN AMERICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 117

TABLE 143 REST OF LATIN AMERICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 118

TABLE 144 REST OF LATIN AMERICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 118

TABLE 145 THE MIDDLE EAST AND AFRICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY COUNTRY, 2020-2027(USD MILLION) 119

TABLE 146 THE MIDDLE EAST AND AFRICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY COUNTRY, 2020-2027(KILO TONS) 119

TABLE 147 THE MIDDLE EAST AND AFRICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 120

TABLE 148 THE MIDDLE EAST AND AFRICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 120

TABLE 149 THE MIDDLE EAST AND AFRICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 121

TABLE 150 THE MIDDLE EAST AND AFRICA HIGH PURITY ISOBUTYLENE (HPIB)MARKET, BY APPLICATION, 2020-2027(KILO TONS) 121

TABLE 151 TURKEY HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 122

TABLE 152 TURKEY HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 122

TABLE 153 TURKEY HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 123

TABLE 154 TURKEY HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 123

TABLE 155 UAE HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 124

TABLE 156 UAE HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 124

TABLE 157 UAE HIGH PURITY ISOBUTYLENE (HPIB)MARKET, BY APPLICATION, 2020-2027(USD MILLION) 125

TABLE 158 UAE HIGH PURITY ISOBUTYLENE (HPIB)MARKET, BY APPLICATION, 2020-2027(KILO TONS) 125

TABLE 159 SAUDI ARABIA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 126

TABLE 160 SAUDI ARABIA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 126

TABLE 161 SAUDI ARABIA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 127

TABLE 162 SAUDI ARABIA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 127

TABLE 163 EGYPT HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 128

TABLE 164 EGYPT. HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 128

TABLE 165 EGYPT HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 129

TABLE 166 EGYPT HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 129

TABLE 167 REST OF MIDDLE EAST AND AFRICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 130

TABLE 168 REST OF MIDDLE EAST AND AFRICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 130

TABLE 169 REST OF MIDDLE EAST AND AFRICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 131

TABLE 170 REST OF MIDDLE EAST AND AFRICA HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 131

TABLE 171 KEY DEVELOPMENTS 134


14 List Of Figures

FIGURE 1 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET: MARKET STRUCTURE 20

FIGURE 1 NORTH AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 22

FIGURE 2 EUROPE MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 22

FIGURE 3 ASIA PACIFIC & MARKET SHARE BY COUNTRY (2020 VS 2027) 23

FIGURE 4 LATIN AMERICA MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 23

FIGURE 5 MIDDLE EAST & AFRICA MARKET SIZE & MARKET SHARE BY COUNTRY (2020 VS 2027) 24

FIGURE 6 RESEARCH PROCESS OF MRFR 26

FIGURE 7 TOP-DOWN AND BOTTOM-UP APPROACH 29

FIGURE 8 MARKET DYNAMICS OVERVIEW 31

FIGURE 9 Y-O-Y AUTOMOTIVE PRODUCTION 32

FIGURE 10 SUPPLY CHAIN ANALYSIS OF GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET 38

FIGURE 11 PORTER’S FIVE FORCES ANALYSIS OF THE GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET 39

FIGURE 12 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(USD MILLION) 42

FIGURE 13 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY METHOD, 2020-2027(KILO TONS) 43

FIGURE 14 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(USD MILLION) 50

FIGURE 15 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET, BY APPLICATION, 2020-2027(KILO TONS) 51

FIGURE 16 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET BY REGION, 2020-2027(USD MILLION) 59

FIGURE 17 GLOBAL HIGH PURITY ISOBUTYLENE (HPIB) MARKET BY REGION, 2020-2027(KILO TONS) 60

FIGURE 18 GLOBAL MARKET STRATEGY (%) 134

Global High Purity Isobutylene Market: Competitive Landscape


The prominent players in the global High Purity Isobutylene (HPIB) market are Saipem SpA, TPC Group, Sinopec Beijing Yanshan Company, Tasco Group, Songwon, Honeywell International Inc., LyondellBasell Industries Holdings B.V., Sumitomo Chemical Co., Ltd, Exxon Mobil Corporation, Global Bioenergies, Evonik Industries AG, Zibo Qixiangtengda Chemical Co., Ltd., Shandong Chambroad Petrochemicals Co. Ltd, and Zhejiang Shunda New Material Co., Ltd.


The top players dominating this market include Sinopec Beijing Yanshan Company, LyondellBasell Industries Holdings B.V, Tasco Group, Songwon, Honeywell International Inc., and Sumitomo Chemical Co., Ltd, which collectively hold the majority share of the market. The key market players are focused on increasing profitability, expanding their product portfolios, and gaining a competitive edge through the adoption of organic and inorganic growth strategies such as expansions and licensing agreements.


In June 2018, PJSC Nizhnekamskneftekhim opened a new isobutylene production plant as part of its plan to increase its rubber production.  This new plant has a production capacity of 160,000 tons of isobutylene per annum.


In March 2018, TPC Group announced the expansion of its crude C4 processing capacity. This expansion is in line with the company’s strategy to expand its supply of butadiene-based derivatives in the growing tire industry in North America.


Saipem SpA (Saipem) is a manufacturer and service provider in the oil & gas industry. The company is one of the global leaders in drilling activities as well as engineering, installment, and procurement of pipelines and offshore and onshore projects.  Saipem operates in more than 65 countries across the globe and has experience of over 60 years in the oil & gas industry. Its offshore engineering and construction segment include platforms, pipelines, subsea field developments, and others. The onshore engineering and construction segment include construction of hydrocarbon production facilities, hydrocarbon treatment facilities, and transportation systems and facilities. The company also provides services on a contractual basis.


Clariant and Global Bioenergies announced the development of a new bio-based polymer for cosmetic creams and lotions in January 2018. The polymer will be used as a rheology modifier and contains sugar-derived isobutene. It has more than 50% renewable carbon and meets the ISO standard for natural and organic cosmetic ingredients and products.


Zeon Corporation presented its latest innovations at DKT 2018 held in Germany. The company introduced HP-Zetpol, HyTemp ACM, and Nipol grades on 2 July 2018. The HP-Zetpol is a high-performance HPIB that has a specific cure site monomer and can offer better heat resistance as well as improved compression set resistance as compared to conventional peroxide-cured HPIB.


Sinopec Beijing Yanshan Company, also known as Yanshan Company, is a wholly owned subsidiary of Sinopec Corporation. Yanshan Company has 63 production units and manufactures over 800,000 tons of ethylene annually. The company produces over 431 grades of petroleum products and is one of the largest producers of synthetic resin, synthetic rubber, phenol acetone, and high-quality refined oil products in China. Its synthetic rubber products include butadiene rubber, poly (styrene-butadiene-styrene), and solution-polymerized styrene-and butadiene rubber, among others. Its synthetic resins include low-density polyethylene (LDPE), high-density polyethylene (HDPE), and ethylene-vinyl acetate (EVA). 


Songwon engages in the production and supply of petrochemical products. The company caters to various end-use industries including adhesives, coatings, agriculture, automotive, building and construction, electrical and electronics, consumer goods, lubricants, packaging, and textiles. The company has nine manufacturing plants, three in South Korea, two in China, and one each in the US, India, and the UAE. It is the world’s second-largest producer of polymer additives and a key player in the global specialty chemicals business. Songwon’s other product lines include lube antioxidants, PVC additives, and polymers.