Latin America Polyisobutylene Market Size & Outlook
Latin America polyisobutylene market, 2016-2028 (US$M)
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Latin America polyisobutylene market highlights
- The Latin America polyisobutylene market generated a revenue of USD 118.2 million in 2020.
- The market is expected to grow at a CAGR of 4.2% 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, Brazil is expected to register the highest CAGR from 2021 to 2028.
Latin America data book summary
| Market revenue in 2020 | USD 118.2 million |
| Market revenue in 2028 | USD 164.1 million |
| Growth rate | 4.2% (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, Latin America region accounted for 6.3% 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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Latin America 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 66.58% in 2020. Horizon Databook has segmented the Latin America 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.
Recovering residential building and construction industry in Central & South America is expected to fuel the demand for polyisobutylene (PIB) in applications, including manufacturing of adhesives & sealants, asphalt modifiers, and others used in various construction activities.
Significant new investments in housing and public works by the government and green building construction initiative are expected to boost infrastructural growth in countries like Colombia, which is likely to propel the demand for PIB over the forecasts period.
Furthermore, the urban renewal project of Bogota, which includes 50 skyscrapers, 500 high-rise buildings, and a smart city, is aimed at establishing the city as the technological, financial, and industrial capital of Central & South America.
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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 Latin America polyisobutylene market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America polyisobutylene market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Latin America polyisobutylene market size, by country, 2016-2028 (US$M)
Latin America Polyisobutylene Market Outlook Share, 2020 & 2028 (US$M)
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