Published on : Feb 19, 2020
Highly reactive polyisobutylene or PIBs are used as modifiers and lubricants in a wide range of industrial products. These are part of the olefin groups and provide tremendous potential high-performance fuels and lubricant additives. These are used for sludge prevention in these products and also provide applications like dispensation, and fuel detergents for engine oils. Their clear, sticky, and bright chemical makes way for highly reactive nature which is ideal for increasing the double bonds of materials. These are sold as sealants, adhesives, greases, and lubricants. Moreover, their application in metalworking and mining is also one of prominence. The robust growth in demand for adhesives, and sealants in sectors like construction, packaging, automotive, and manufacturing will drive robust growth for the highly reactive polyisobutylene market in the near future.
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Fuel Additives to Drive Tremendous Growth amidst Rising Scrutiny of Fuels
Fuels are undergoing a constant scrutiny from both manufacturers and government entities to increase fuel mileage and reduce fossil fuel emissions. The highly reactive polyisobutylene promises to improve performance of fuels significantly, while simultaneously reduce fossil fuel emissions. The stringent regulations on the horizon like EU’s mandate to global manufacturers to improve fuel efficiency, and growing demand for scrutiny in the automotive industry will likely drive robust growth for the highly reactive polyisoutylene market in the near future. Additionally, rising use of fuel in portable generators, laden with combined abilities to use diesels, petrol, and sustainable biofuels is rising. These are growing in demand in emerging nations, wherein the demand for energy often outstrips the current supply. These new generators promise a robust application in industrial sector, where demand for electricity generation remains important for stable and productive operations.
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Automotive Segment to Dominate Growth
Despite the wide range of applications including sealants, lubricants, and greases, the demand for other application like metal work, and mining pales in comparison to the core sector of automotive. The growth of stringent emission standards, and highly lucrative application of highly reactive polyisobutylene will promise new opportunities for growth for the market. The products also promise new developments such as tubeless tires which are rising in demand for both two-wheeler as well as four-wheeler. The advent of electric vehicles will further drive growth of this product as the electric vehicles are expected to standardise installation of tubeless tires across the board. Moreover, the chemical also promises to offer more vibration control to new advanced electric vehicles. The growing demand for these in the highly reactive polyisobutylene market will drive major growth for the market in near future.
Some key players in the global highly reactive polyisobutylene market include BASF, INEOS, DAELIM, RD Products, TPC Group, and the Lubrizol.