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Polybutene Market Size

ID: MRFR//6020-HCR | 140 Pages | Author: Anshula Mandaokar| December 2024

Polybutene Market Size was valued at USD 0.5 Billion in 2022. The polybutene market industry is projected to grow from USD 0.537 Billion in 2023 to USD 0.9586 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.50%

Industrial Applications Demand: The primary driver of the polybutene market is the demand from various industrial applications such as lubricants, adhesives, sealants, and plasticizers. Polybutene's unique properties, including high viscosity, excellent thermal stability, and chemical inertness, make it a preferred choice in industrial applications where these characteristics are essential for performance and reliability.

Polymer Modification and Plastic Industry: Polybutene is used in the modification of polymers and plastics to improve their mechanical properties, impact resistance, and flexibility. It serves as a compatibilizer and impact modifier in polymer blends and alloys, enhancing the performance and processability of plastic materials. The polybutene market benefits from the growth of the plastic industry and increasing demand for polymer modifications in various applications.

Adhesives and Sealants Industry Growth: The adhesives and sealants industry is a significant consumer of polybutene due to its tackifying properties, adhesion strength, and compatibility with various substrates. Polybutene-based adhesives and sealants are used in construction, automotive, packaging, and assembly applications, driving market demand for polybutene as a key ingredient in adhesive formulations.

Lubricants and Greases Sector: Polybutene's high viscosity index, thermal stability, and oxidative resistance make it an ideal base oil for lubricants and greases. It provides excellent lubricity, film strength, and corrosion protection, enhancing the performance and durability of lubricant formulations. The growth of the automotive, industrial, and machinery sectors fuels the demand for polybutene-based lubricants and greases, driving market growth in this segment.

Pharmaceutical and Healthcare Applications: Polybutene finds applications in pharmaceutical and healthcare products such as medical adhesives, ointments, and drug delivery systems. Its biocompatibility, inertness, and adhesive properties make it suitable for medical and healthcare applications requiring skin adhesion, wound closure, and drug formulation, contributing to market demand from the pharmaceutical and healthcare sectors.

Regulatory Standards and Safety Regulations: Regulatory standards and safety regulations governing the use of polybutene in various applications influence market dynamics. Compliance with regulatory requirements, safety standards, and quality specifications is essential for manufacturers to ensure product safety, performance, and consumer acceptance. Polybutene suppliers and manufacturers need to adhere to regulatory standards and safety regulations to meet market demand and ensure product compliance.

Technological Advancements and Product Innovation: Technological advancements in polybutene synthesis, processing, and application development drive innovation in the polybutene market. Manufacturers invest in research and development to enhance production processes, improve product quality, and develop novel applications for polybutene, catering to evolving customer needs and industry trends.

Raw Material Availability and Pricing: The availability and pricing of raw materials such as butene feedstock impact market dynamics. Fluctuations in raw material prices, supply chain disruptions, and geopolitical factors can influence production costs and pricing strategies, affecting market competitiveness and profitability for polybutene suppliers and manufacturers.

Market Competition and Industry Consolidation: The polybutene market is characterized by intense competition among key players, driving innovation, pricing strategies, and market consolidation efforts. Established players leverage mergers, acquisitions, and strategic partnerships to strengthen their market presence, expand product portfolios, and enhance competitive positioning. Market players need to differentiate their products and services to gain a competitive edge in the polybutene market.

Global Economic Trends and Market Volatility: Global economic trends, market volatility, currency fluctuations, and geopolitical factors impact market dynamics and investment decisions in the polybutene industry. Market players need to monitor and adapt to changing economic conditions and market uncertainties to mitigate risks and capitalize on emerging opportunities.

Covered Aspects:

Report Attribute/Metric Details
Market Size Value In 2022 USD 0.5 Billion
Market Size Value In 2023 USD 0.537 Billion
Growth Rate 7.50% (2023-2032)

Global Polybutene Market Overview


Polybutene Market Size was valued at USD 0.54 Billion in 2023. The polybutene industry is projected to grow from USD 0.58 Billion in 2024 to USD 0.96 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.54% during the forecast period (2024 - 2032). The primary market driver fueling the expansion of the polybutene market is the demand for polybutene from end-use industries worldwide. The lucrative qualities of polybutene have drawn manufacturers' attention to the market for a variety of uses. As a result, polybutene is anticipated to develop rapidly in the future.


Polybutene Market Overview


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Polybutene Market Trends




  • The extensive quality of polybutene is driving the market growth




Due to its superior mechanical and chemical resilience, the chemical and oil sectors will primarily drive demand for polybutene in the upcoming years. Additionally, a rise in demand from the food packaging sector is boosting market sales. Due to its excellent chronic stress bearing capabilities, it will continue to do so as long as polybutene is used in high-pressure pipeline applications. This demand is driven by a busy lifestyle and a desire to protect ready-to-eat meals. The excellent mechanical and chemical resistance properties of polybutene make it a great choice in the chemical and oil industries because it protects it from unfavorable reactions and non-degradability in the presence of strong chemicals. Therefore, the inert nature that it exhibits is helping its market CAGR to grow.


Additionally, seal-and-peel packaging and easy-peel packaging are two common applications for polybutene. Cheese, meat, fish, cereals, and carton liners are just a few examples of pre-packaged foods that typically come in easy-opening packaging. Customers' demands for food packaging and other easily opened products vary. Due to consumers' hectic schedules and inclination for ready-to-eat meals, easy-open packaging is highly sought after. The use of polybutene in products with easy peel packaging is expected to increase during the projected period due to increased packaging demand.


Furthermore, in the automotive sector, traditional materials like bronze, stainless steel, cast iron, and ceramics are frequently replaced by polybutene due to their superior material properties, such as heat resistance, strength-to-weight ratio, and chemical stability. Due to their low cost, excellent performance, high style, reliability, strength, and safety, lightweight polymers are highly sought in the transportation sector. Plastic parts weigh roughly 50% less than equivalent parts manufactured from other materials. This results in a 25–35% increase in fuel efficiency, which is important for the automobile and transportation industries. The automotive sector uses polybutene in electric systems for interior and exterior applications. The most typical uses are windscreen wiper covers, mirror housings, cowl vents, handles, fans, connections, power relays, sensor housings, fuse boxes, actuator cases, switches, motor parts and ignition system parts. In the first nine months of 2021, the automobile sector has grown by nearly 10% compared to the same period in 2020. The use of polybutene is therefore anticipated to rise over the projection period as a result of the expanding automotive industry. Thus, driving the polybutene market revenue.


INEOS announced a joint venture with European partner aimed at developing new chemical recycling technologies during April 2021. The partnership will help improve efficiency in processing and up-cycling plastic waste thereby contributing towards achieving a circular economy approach.


Polybutene Market Segment Insights


Polybutene Type Insights


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.


Figure 1:  Polybutene Market, by Type, 2022 & 2032 (USD Billion)


Polybutene Market, by Type, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Polybutene Regional Insights


By region, the study provides market insights 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.


Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 2:  POLYBUTENE MARKET SHARE BY REGION 2022 (USD Billion)


POLYBUTENE MARKET SHARE BY REGION 2022


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe 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 Canada polybutene market was the fastest growing market in the region.


Polybutene Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development in order to expand their product lines, which will help the polybutene market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, polybutene industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the polybutene industry to benefit clients and increase the market sector. In recent years, the polybutene industry has offered some of the most significant advantages to market. Major players in the polybutene market attempting to increase market demand by investing in research and development operations include 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.), Maharasthra Polybutenes Ltd (India), and A S Harrison & Co Pty Limited (Australia).


Chemical producer Mitsui Chemicals Inc. provides functional chemicals, fabricated goods, functional polymeric materials, petrochemicals, basic chemicals, and fabricated products. Applications for its products can be found in the basic materials, healthcare, food, and packaging industries. The business also offers high value-added goods to a variety of industries, including building and construction supplies, electronics, housing materials, and materials for civil engineering.


The Lubrizol Corporation, a Berkshire Hathaway company, is dedicated to fostering a sustainable future. The Lubrizol Corporation offers specialized chemicals to the consumer, industrial, and transportation sectors. These goods include petrol and diesel fuel additives, industrial lubricant additives, and additives for engine oils and other fluids used in transportation. Additionally, Lubrizol produces specialty materials, including plastics technology, chemicals and additives for pharmaceuticals, medical devices, personal care products, and coatings in specialty resins. Every day, millions of individuals use its solutions to improve their lives. Lubrizol, which was founded in 1928, employs over 8,800 people and owns and runs more than 100 manufacturing sites, sales offices, and technical offices.


Key Companies in the polybutene market include



  • 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.)

  • Maharasthra Polybutenes Ltd (India)

  • A S Harrison & Co Pty Limited (Australia)


Polybutene Industry Developments


INEOS initiated a large hydrogen production project to reduce carbon emissions from chemical manufacturing processes they do in December 2022. It is one of the many initiatives aimed at transitioning into sustainable sources of energy as well as reducing pollution resulting from their activities.


BASF has announced plans to launch a new chemical recycling plant that will convert waste plastics into raw materials for new plastics in order to promote circular economy in November 2022. The move is part of wider sustainability goals that aim at reducing waste and greenhouse gas emissions.


For instance, Mitsui Chemicals raised its high performance polymers production capacity last August 2022 for use in automotive and electronics industries. As company grows its business to meet increasing demand from those sectors and simultaneously incorporates more eco-friendly practices into its manufacturing operations this extension has been pursued.


In June 2021, BASF partnered with Adidas to make a sustainable shoe made of pure recyclable material leveraging their expertise in advanced polymers and chemical recycling processes. This agreement highlights BASF’s commitment toward innovative and sustainable solutions in consumer goods.


Polybutene Market Segmentation


Polybutene Application Outlook (USD Billion, 2018-2032)



  • Adhesives

  • Cosmetics

  • Electrical Insulation

  • Fuel and Lubricant Additives

  • Lubricants

  • Others


Polybutene Regional Outlook (USD Billion, 2018-2032)



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



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