The Europe Polyisobutene Market would witness market growth of 5.2% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 165.03 Kilo Tonnes, showcasing a growth of 4.5% (2019-2022).
Polyisobutene is involved in certain polymerization processes within the chemical industry. It can be a key component in producing specific polymer materials with tailored properties. It's emulsifying properties make it suitable as an emulsifier and dispersing agent. It aids in the formulation of stable emulsions and dispersions in chemical applications.
Polyisobutene is utilized in drug delivery systems. Its biocompatibility and ability to provide controlled-release profiles make it suitable for sustained-release and extended-release drug formulations, improving the efficacy and safety of medications. This serves as a crucial raw material for synthesizing various copolymers and elastomers.
In Germany, where high-performance lubricants are crucial for automotive and industrial applications, its demand as a viscosity index improver contributes to its growth. Lubricant additives play a critical role in maintaining the thermal stability and oxidation resistance of oils in Germany. With its inherent stability, it is used in Germany to enhance these properties in lubricants. Thus, all these factors will uplift the regional market’s expansion in the coming years.
The Germany market dominated the Europe Polyisobutene Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $206.8 million by 2030. The UK market is exhibiting a CAGR of 4.3% during (2023 - 2030). Additionally, The France market would experience a CAGR of 6% during (2023 - 2030).
Free Valuable Insights: The Global Polyisobutene Market will Hit $3.6 Billion by 2030, at a CAGR of 5.4%
Based on Molecular Weight Type, the market is segmented into High, Medium, and Low. Based on Application, the market is segmented into Lubricant Additives, Adhesives & Sealants, Automotive Rubber Components, Fuel Additives, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Molecular Weight Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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