China Polyisobutylene Market Size & Outlook, 2020-2028
China polyisobutylene market, 2016-2028 (US$M)
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China polyisobutylene market highlights
- The China polyisobutylene market generated a revenue of USD 246.2 million in 2020 and is expected to reach USD 337.0 million by 2028.
- The China market is expected to grow at a CAGR of 4% 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.
Polyisobutylene market data book summary
| Market revenue in 2020 | USD 246.2 million |
| Market revenue in 2028 | USD 337.0 million |
| Growth rate | 4% (CAGR from 2020 to 2028) |
| Largest segment | High molecular weight |
| Fastest growing segment | High Molecular Weight |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 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, China accounted for 13.1% of the global polyisobutylene market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China polyisobutylene market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 121.9 million by 2028.
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Polyisobutylene Market Scope
Polyisobutylene Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 67.34% in 2020. Horizon Databook has segmented the China 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.
Despite the current slowdown in the Chinese economy and its lackluster performance in 2020, the country is still a lucrative market for investments as compared to Western economies. Constant infrastructural investments are expected to sustain economic growth and the automotive, cosmetics, and construction industries are expected to benefit from reforms.
However, these prospects are not long term and growth is likely to remain slow in the industrial sector, which is likely to impact PIB consumption in the industries over the forecasts period.
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Target buyers of China 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 country-level data and insights on the China polyisobutylene market , including forecasts for subscribers. This country databook contains high-level insights into China polyisobutylene market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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China polyisobutylene market size, by product, 2016-2028 (US$M)
China Polyisobutylene Market Outlook Share, 2020 & 2028 (US$M)
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