Sales of Polyisobutene Market To Record Exponential Growth During   2022 – 2031 : Fact.MR

A recent market study published by Fact.MR on the Polyisobutene market offers global industry analysis for 2017-2021 and opportunity assessment for 2022-2032. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.

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Market Segments Covered in Polyisobutene Market Analysis

  • By Product Type :

    • Conventional
    • Highly Reactive
  • By Molecular Weight :

    • High
    • Medium
    • Low
  • By End-Use :

    • Automotive
    • Industrial
    • Food
    • Other End-Users
  • By Region :

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

Competitive Analysis

Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. Some of the key players operating in polyisobutene market include BASF SE, Daelim Co. Ltd., TPC Group, INEOS Group, Kothari Petrochemicals, Lubrizol Corporation, ExxonMobil Corporation, and Lanxess AG.

Some of the recent developments of key Polyisobutene providers are as follows:

  • In August 2021, to better promote their brand in the Polyisobutene market, Chevron Oronite, a subsidiary of Chevron Corporation, sponsored and displayed Polyisobutene, dispersants, PIBSA, and other goods at the Specialty & Agro Chemicals America conference.
  • In March 2021, the Pollution Control Board granted the right to Kothari Petrochemicals to operate for expansion. This consent from the government will enhance the production capacity of Polyisobutene. They are now India’s leading manufacturer of high-quality Polyisobutene.
  • In January 2019, Saudi Aramco and Total Energies mutually agreed to collaborate with Daelim Co. Ltd. to develop a modern Polyisobutene plant, which is expected to commence their production in 2024. Owing to the facility’s location in Saudi Arabia, Daelim Co. Ltd. will be able to serve its clients throughout the Middle East, as well as the markets in Europe and Asia.
  • In 2019, Lubrizol Corporation, alongside Daelim Industrial constructed a new Polyisobutene unit at Deer Park, Texas. As part of the company’s previously stated 10-year phased investment strategy, Lubrizol is continuing to update its additive infrastructure with the construction of this facility. Lubrizol’s global capabilities will be upgraded and enhanced as part of the strategy.

Similarly, recent developments related to companies Polyisobutene Market have been tracked by the team at Fact.MR, which are available in the full report.

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