Polyisobutylene (Pib) Market research is provided on all the vital factors such as consumer needs and trends those will create significant impact on the present and future market situations. Polyisobutylene (Pib) Market report will help buyer to minimize the decision associated risks and to create results driven business strategies.
The report starts with terms and definitions associated with Polyisobutylene (Pib) market. It slowly advances towards the past situations and their analysis. This analysis along with current situations provides necessary base to understand how market have evolved and achieved growth.
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Next part of the Polyisobutylene (Pib) market report focuses on the key vendors operating in this industry categorized based on their focus on regions, product segments, product portfolio, organizational development etc. The report provides such analysis of
- Chevron Oronite
- Daelim Industrial
- TPC Group and many more.
- Chevron Oronite
The year-over-year growth pattern is also discussed in depth. Similarly, the report also presents analysis of Polyisobutylene (Pib) Market Ecosystem, Characteristics, Segmentations by geography as well as by product and applications. Regional comparison between the major regions viz. APAC, Europe, North America, ROW are also explained which point outs the leading countries or regions.
Further report provides attention to the present Polyisobutylene (Pib) market drivers, challenges, trends, and opportunities along with their impact on the market which are decisive parameters for product and business strategies.
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Polyisobutylene (Pib) Market driver
One driver in market is increase in demand from automotive segment. In the automotive segment, PIB is mainly used to produce components, such a tires, tubes, hosepipes, and gaskets, because of its properties such as impermeability, superior flexibility, and thermal stability. There has been an increase in the use of PIB in the tire industry due to the improved bonding and air retaining properties. Furthermore, the use of PIB in the tire and tube industry due to its improved heat retention property during tire vulcanization is expected to foster the demand. The automotive segment is expected to post high growth in the upcoming years owing to the increase in the demand from APAC. The increase in the demand can be attributed to an increase in per capita income, improvements in road infrastructure, and growth in the number of vehicles. The growing use of lubricants and fuel additives in the transportation industry will also increase the consumption of PIB.
Polyisobutylene (Pib) Market challenge
one challenge in market is fluctuating prices of raw materials. The manufacturing of PIB requires raw materials that are sourced from the oil and gas industry. Isobutane, an olefinic hydrocarbon mainly produced from the petrochemical processes, is the important raw material used for producing PIB. The fluctuations in the crude oil prices have a negative effect on the prices of the raw materials, thereby affecting the cost of PIB. In 2010, the price of Brent crude oil was around $77 per barrel, but there was an increase in the price during 2012 by nearly 41%. However, the price of crude oil per barrel decreased by nearly 60% in 2016 as compared with the previous year.
Polyisobutylene (Pib) Market trend
One trend in market is use of PIB for sealing applications in PV systems. PV technologies are highly sensitive to moisture. Although the front sheet and back sheet are covered with an impermeable sheet, the moisture may diffuse through the edges. The edges should be sealed to keep the PV module dry for a lifetime of around 30 years. The use of PIB sealant of around 15 millimeters around the perimeter between the two glass films is one of the methods employed for preventing the penetration of moisture. PIB-based materials are widely used in the PV industry due to their high stress resistance, low gas permeability, high level of flexibility, and weather resistance. These materials are used as a sealant to protect the electrical assembly in the package and moisture-sensitive PV cells from high temperatures, humidity, and UV radiation. The use of PIB-based materials in this segment is expected to grow during the forecast period, supporting the overall PIB market
Polyisobutylene (Pib) Market report also includes five forces analysis and SWOT analysis which are effective to analyse the market situations and to know your competitive advantage over other players. It is also well-known tool used to analyze and improve the weakness in your business to achieve both stronger and profitable market position in the Polyisobutylene (Pib) market.
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Long story short, Polyisobutylene (Pib) Market report fulfill need of detailed and actionable Polyisobutylene (Pib) market data on each vital parameter to make informed decisions.