North America Polyisobutylene Market Size & Outlook
North America polyisobutylene market, 2016-2028 (US$M)
Related Markets
North America polyisobutylene market highlights
- The North America polyisobutylene market generated a revenue of USD 400.1 million in 2020.
- The market is expected to grow at a CAGR of 3.1% 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, Canada is expected to register the highest CAGR from 2021 to 2028.
North America data book summary
| Market revenue in 2020 | USD 400.1 million |
| Market revenue in 2028 | USD 510.4 million |
| Growth rate | 3.1% (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, North America region accounted for 21.4% 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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North 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 69.68% in 2020. Horizon Databook has segmented the North 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.
The growth in major industries in North America, such as construction and automotive, is anticipated to drive the market growth over the forecasts period for the manufacturing of adhesives & sealants, lubricant additives, and automotive rubber components.
The construction industry in North America is expected to witness significant growth over the coming years owing to high demand for non-residential construction projects such as hospitals, commercial buildings, and colleges.
Moreover, national policies promoting the recovery of the housing sector are expected to positively impact future construction trends. Reconstruction activities in the U.S. coupled with infrastructure development in Canada and Mexico.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America polyisobutylene market , including forecasts for subscribers. This continent databook contains high-level insights into North America polyisobutylene market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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North America polyisobutylene market size, by country, 2016-2028 (US$M)
North America Polyisobutylene Market Outlook Share, 2020 & 2028 (US$M)
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