U.S. Polyisobutylene Market Size & Outlook, 2020-2028
U.S. polyisobutylene market, 2016-2028 (US$M)
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U.S. polyisobutylene market highlights
- The U.S. polyisobutylene market generated a revenue of USD 349.0 million in 2020 and is expected to reach USD 441.6 million by 2028.
- The U.S. market is expected to grow at a CAGR of 3% 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 349.0 million |
| Market revenue in 2028 | USD 441.6 million |
| Growth rate | 3% (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, U.S. accounted for 18.6% 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 North America, U.S. polyisobutylene market is projected to lead the regional market in terms of revenue in 2028.
- Canada is the fastest growing regional market in North America and is projected to reach USD 21.9 million by 2028.
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Polyisobutylene Market Scope
Polyisobutylene Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 69.71% in 2020. Horizon Databook has segmented the U.S. 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 U.S. dominated the North America polyisobutylene market in 2020 and is expected to continue its dominance over the forecasts period. The demand for polyisobutylene in the country is majorly generated from the expanding automotive industry on account of the popularity of electric vehicles, and the rise in the number of construction activities.
The U.S. automotive industry has been witnessing growth in automobile production in the past few years. Major players in the market are entering into joint ventures and forming alliances to increase their production and their reach in the country.
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Target buyers of U.S. polyisobutylene market databook
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. polyisobutylene market , including forecasts for subscribers. This country databook contains high-level insights into U.S. polyisobutylene market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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U.S. polyisobutylene market size, by product, 2016-2028 (US$M)
U.S. Polyisobutylene Market Outlook Share, 2020 & 2028 (US$M)
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