Europe Polyisobutylene Market Size & Outlook, 2020-2028
Europe polyisobutylene market, 2016-2028 (US$M)
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Europe polyisobutylene market highlights
- The Europe polyisobutylene market generated a revenue of USD 643.9 million in 2020.
- The market is expected to grow at a CAGR of 3.5% 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, Italy is expected to register the highest CAGR from 2021 to 2028.
Europe data book summary
| Market revenue in 2020 | USD 643.9 million |
| Market revenue in 2028 | USD 847.7 million |
| Growth rate | 3.5% (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, Europe region accounted for 34.4% 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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Europe 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 68.43% in 2020. Horizon Databook has segmented the Europe 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.
The European polyisobutylene market is primarily driven by the rising demand from the automotive and construction industries. The growing construction activities, coupled with the favorable measures, such as tax breaks, incentives, and subsidies, undertaken by several governments, are expected to boost the growth of the construction industry in the region.
Europe is one of the prominent manufacturers of automobiles and is expected to continue its dominance in the sector over the forecasts period. The rising demand for electric and hybrid vehicles, along with the presence of major automotive manufacturers.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe polyisobutylene market , including forecasts for subscribers. This continent databook contains high-level insights into Europe polyisobutylene market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Europe polyisobutylene market size, by country, 2016-2028 (US$M)
Europe Polyisobutylene Market Outlook Share, 2020 & 2028 (US$M)
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