Highly Reactive Polyisobutylene Market share by applications and regions for 2017- 2024

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Highly Reactive Polyisobutylene Market Worth
Over 332.3mn by 2024 Global Market Insights,
Inc.
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• Global Market Scenario of Polyisobutylene Industry

• Highly Reactive Polyisobutylene Market to surpass
  USD 332.3 million by 2024 according to a new
  research report by Global Market Insights, Inc.
• Robust product demand as lubricant fuel
  additive due to its ability to improve the
  overall performance of vehicle by reducing
  emissions, this is a major factor which will make
  noteworthy contribution to highly reactive
  polyisobutylene market size by 2024.
• Stringent environmental regulations imposed by
  regional regulatory bodies are encouraging
  product use which can reduce emissions from
  vehicles. Additionally, rising automotive
  industry primarily in Asia Pacific will also have
  positive impact on the highly reactive
  polyisobutylene market size by 2024.
• This is majorly attributed to impervious nature
  of product which makes it preferable in
  manufacturing tubeless tires.

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• Product use as lubricant additive and may have
  environmental implications which is probable to
  obstruct the highly reactive polyisobutylene
  market size by 2024. Its use in water
  transportation vehicles may have an adverse
  impact on aquatic life.
• Currently, there are limited regulations against
  product use, however, environmental protection
  groups including the Wildlife Trust, Marine
  Conservation Society, etc. are appealing the U.K.
  government to introduce and implement stringent
  regulations which is likely to hamper the overall
  highly reactive polyisobutylene market size by
  2024.
• High molecular weight HR-PIB market size was over
  USD 60 million in 2016. It is comparatively more
  viscous than low medium molecular weight
  product and finds application in both tire
  manufacturing and as additive in lubricants
  fuels, adhesive, sealants and various other
  applications including metal working, cosmetics,
  chewing gums, medical packaging, etc.
• High product demand across automotive,
  construction, medical industry, etc. will help
  achieve substantial gains to highly reactive
  polyisobutylene market size by 2024.

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• 360 Industry Analysis

• Highly reactive polyisobutylene market size for
  automotive is likely to rise with over 4 CAGR by
  2024. It is primarily due to its applications in
  manufacturing tire inner liners which has
  propelled its demand across automotive industry.
• Moreover, the product offers excellent inflation
  pressure retention for all types of tires. It
  also offers barrier properties, resistance to
  ozone, high damping and heat aging, which makes
  it ideal for automotive vibration control.
• Thus, the increasing demand for tires, on account
  of the rapidly growing automobile industry, is
  expected to augment highly reactive
  polyisobutylene market size substantially within
  the forecast period.

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• Regional Analysis

• Asia Pacific highly reactive polyisobutylene
  market size was valued over USD 100 million in
  2016. Robust product demand is majorly due to
  rising automotive industry, primarily in India
  and China mainly due to growing population in the
  region. Additionally, construction industry in
  the region is likely to exhibit 7 CAGR in the
  coming years.
• This will subsequently have a positive impact on
  the highly reactive polyisobutylene market size
  due to its applications as adhesive sealant in
  flooring, insulation, panel, partitions and
  roofing, facades and fire protection.

• Competitive Analysis

• Global construction sealant market share is
  fairly consolidated and competitive. Some
  industry participants operating in this market
  are Sika, 3M, Momentive, KCC Corporation and
  Bostik.

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Latest Research Report On Construction Sealants
Market _at_ https//www.gminsights.com/industry-analy
sis/highly-reactive-polyisobutylene-hr-pib-market
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