Global Polyisobutylene Market 2016-2020 – Environmental Concerns Regarding PIB a Major Market Challenge – Research and Markets
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/d32dm5/global) has announced the addition of the “Global Polyisobutylene Market 2016-2020” report to their offering.
The analysts forecast the global PIB market to grow at a CAGR of 4.68% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global PIB market for 2016-2020. To calculate the market size, the report considers the total consumption of PIB across the world. The report also includes a discussion of the key vendors operating in this market.
PIB is a vinyl polymer similar to polyethylene and polypropylene in structure. It is an elastic, rubbery, semi-solid or viscous substance that ranges from colorless to light yellow. It is also odorless and tasteless.
In PIB, every other carbon is substituted with two methyl groups. PIB is made from isobutylene through cationic vinyl polymerization. It is manufactured in different forms, such as conventional PIB and HR-PIB.
Rising demand for eco-friendly, fuel-efficient, and durable PIB-based photovoltaic panels will have a positive impact on the market.
According to the report, Europe dominated the market in 2015, accounting for a share of 39.23%. This was due to increased demand from the automotive segment for manufacturing tires, hoses, gaskets, and sound damping products. North America followed with a 30.93% market share and APAC contributed 23.92% in 2015.
Further, the report states that fluctuating raw material costs directly affect the revenue and profit margins of manufacturers.
The market is divided into the following segments based on application:
– Chevron Oronite
– INEOS Group
– TPC Group
Other prominent vendors
– DOW Corning
– Braskem SA
– Proteux Global Energy
– Kothari Petrochemicals
For more information visit http://www.researchandmarkets.com/research/d32dm5/global
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