Asia Pacific Polyisobutylene Market Size & Outlook
Asia Pacific polyisobutylene market, 2016-2028 (US$M)
Related Markets
Asia Pacific polyisobutylene market highlights
- The Asia Pacific polyisobutylene market generated a revenue of USD 672.1 million in 2020.
- The market is expected to grow at a CAGR of 4.5% from 2021 to 2028.
- In terms of segment, high molecular weight was the largest revenue generating product in 2020.
- High Molecular Weight is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2021 to 2028.
Asia Pacific data book summary
| Market revenue in 2020 | USD 672.1 million |
| Market revenue in 2028 | USD 953.8 million |
| Growth rate | 4.5% (CAGR from 2020 to 2028) |
| Largest segment | High molecular weight |
| Fastest growing segment | High Molecular Weight |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | High Molecular Weight, Medium Molecular Weight, Low Molecular Weight |
| Key market players worldwide | Basf SE, Daelim, TPC Group, INEOS, Kothari Petrochemicals, Braskem SA ADR, ENEOS Holdings Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 35.9% of the global polyisobutylene market in 2020.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 953.8 million by 2028.
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Polyisobutylene Market Scope
Polyisobutylene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific polyisobutylene market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to polyisobutylene market will help companies and investors design strategic landscapes.
High molecular weight was the largest segment with a revenue share of 66.31% in 2020. Horizon Databook has segmented the Asia Pacific polyisobutylene market based on high molecular weight, medium molecular weight, low molecular weight covering the revenue growth of each sub-segment from 2016 to 2028.
Asia Pacific is expected to be one of the fastest-growing markets over the forecasts period, primarily driven by the high demand from key industries, including automotive, construction, cosmetics, aerospace, and others in emerging economies such as China and India.
Asia Pacific is characterized by a large number of skilled labors at low cost along with easy availability of land. Shift in the production landscape toward emerging economies, particularly China and India, is expected to positively influence market growth over the forecasts period.
The region is home to several rapidly expanding industries as well, such as construction, automotive, packaging, and others that offer lucrative growth opportunities to PIB manufacturers.
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Target buyers of Asia Pacific polyisobutylene market databook
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Our clientele includes a mix of polyisobutylene market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific polyisobutylene market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific polyisobutylene market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Asia Pacific polyisobutylene market size, by country, 2016-2028 (US$M)
Asia Pacific Polyisobutylene Market Outlook Share, 2020 & 2028 (US$M)
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