Japan Polyisobutene Market Size, Share & Trends Analysis Report By Molecular Weight Type, By Application (Lubricant Additives, Adhesives & Sealants, Automotive Rubber Components, Fuel Additives, and Others), and Forecast, 2023 - 2030

The Japan Polyisobutene Market size is expected to reach $272.18 Million by 2030, rising at a market growth of 5.1% CAGR during the forecast period. In the year 2022, the market attained a volume of 77.22 Kilo Tonnes, experiencing a growth of 4.6% (2019-2022).

The polyisobutene market in Japan has witnessed significant growth and transformation over the past few years. In Japan, the demand for polyisobutene has been driven by its diverse applications and the country's robust industrial infrastructure. Japan's automotive industry, one of the largest consumers of polyisobutene, has been a key driver of polyisobutene market growth. The automotive sector's continuous innovation and emphasis on efficiency have further propelled the demand for polyisobutene in Japan.

Moreover, the personal care industry in Japan has also contributed to the growth of the polyisobutene market. Polyisobutene is utilized in various personal care products such as lipsticks, lip balms, and hair care formulations due to its emollient and moisturizing properties. The growing consumer inclination towards premium personal care products has augmented Japan's demand for polyisobutene-based formulations.

According to the International Trade Administration, in 2019, Japan's personal care products industry reached approximately USD 35 billion. As Japan continues to be a key industry for personal care products, the demand for polyisobutene is expected to rise, further contributing to the industry's dynamism and growth.

The COVID-19 pandemic has had a mixed impact on the polyisobutene market in Japan. The automotive industry, a significant consumer of polyisobutene, witnessed disruptions in production and supply chain due to lockdowns and restrictions imposed to curb the spread of the virus. This led to a temporary decline in Japan's demand for polyisobutene-based products. However, during the pandemic, the personal care sector experienced a surge in demand for hygiene and skin care products, offsetting losses in other industries.

Market Trends

Rising demand for high-performance lubricants

In Japan, the polyisobutene market is witnessing a surge in demand for high-performance lubricants, driven by various factors, including industrial growth, technological advancements, and shifting consumer preferences. As industries in Japan continue to expand and diversify, the need for efficient lubrication solutions becomes paramount, thereby fueling the demand for high-performance lubricants based on polyisobutene.

The booming automotive sector is one of the primary drivers behind the increasing demand for high-performance lubricants in Japan. Japan is renowned for its automotive industry, characterized by innovation and high-quality standards. As automakers strive to enhance the performance and durability of vehicles, they seek advanced lubricants that ensures smooth operation, reduce friction, and prolong engine life. Polyisobutene-based lubricants offer these desirable characteristics, making them increasingly preferred in the automotive sector.

According to the Japan Automobile Dealers Association (JADA), sales of electric vehicles in 2020 reached close to 1.4 million. The robust demand for hybrid electric vehicles (HEVs) in Japan has been evident since the introduction of the Toyota Prius in 1997, with HEVs claiming a staggering 97.8% share of the new electric vehicles sold in 2020. As the automotive sector continues to thrive, it is expected to drive further the demand for key components and materials such as polyisobutene in Japan, signaling a promising outlook for the polyisobutene market in the country.

Furthermore, growing environmental concerns and stringent regulations regarding emissions drive the demand for eco-friendly lubricants in Japan. Polyisobutene-based lubricants are known for their low volatility and minimal environmental impact, aligning with the sustainability goals of many industries. As companies in Japan prioritize environmental responsibility, they are turning towards lubricants that not only deliver superior performance but also adhere to stringent environmental regulations. Thus, the surge in demand for high-performance lubricants in Japan, particularly those based on polyisobutene, is driven by factors such as industrial growth, automotive sector innovation, and environmental consciousness.

Increasing adoption of fuel and oil additives

The polyisobutene market in Japan is witnessing a notable surge in the adoption of fuel and oil additives, a trend driven by several factors contributing to the growth of this sector. One of the key segments where polyisobutene is gaining significant traction is the production of fuel and oil additives. The increasing demand for fuel and oil additives in Japan is attributed to the stringent regulatory requirements to reduce emissions and enhance fuel efficiency. Polyisobutene-based additives play a crucial role in improving the performance and quality of fuels by enhancing lubricity, reducing friction, and preventing the formation of deposits in engines.

Moreover, the growing automotive sector in Japan, coupled with the rising awareness among Japanese consumers regarding the benefits of using high-quality additives, is driving the polyisobutene market for polyisobutene-based fuel and oil additives. Manufacturers in Japan are continuously innovating to develop advanced additives that address modern engines' specific challenges, such as the need for cleaner emissions and improved fuel economy.

Furthermore, the expanding industrial sector in Japan, including manufacturing, construction, and marine industries, is creating additional demand for lubricants and functional fluids enhanced with polyisobutene additives. Therefore, the surge in adoption of polyisobutene-based fuel and oil additives in Japan is driven by stringent regulations, increasing automotive demand, and expanding industrial sectors, highlighting its pivotal role in enhancing performance and meeting evolving industry needs.

Competition Analysis

In Japan, the polyisobutene market is dominated by several key players that contribute significantly to the country's chemical industry and economy. One of the major players in the Japanese polyisobutene market is Nippon Oil Corporation, a subsidiary of the energy giant JXTG Holdings, Inc. Nippon Oil is known for its comprehensive range of petrochemical products, including polyisobutene, which finds applications in various sectors such as automotive, construction, and industrial manufacturing. The company's state-of-the-art production facilities and commitment to quality control ensure the reliability and performance of its polyisobutene products, meeting the stringent requirements of customers in Japan.

Another key player in the Japanese polyisobutene market is Idemitsu Kosan Co., Ltd., a leading petroleum refining and chemicals company. Idemitsu Kosan produces polyisobutene through advanced refining processes and offers a diverse portfolio of grades tailored to different applications. The company's strong focus on research and development enables it to continuously improve the properties and performance of its polyisobutene products, meeting the evolving needs of customers in Japan's dynamic industry.

Showa Denko K.K. is also a significant contributor to the polyisobutene market in Japan. The company is renowned for its innovative solutions and high-performance chemicals, including polyisobutene derivatives used in lubricants, adhesives, and specialty coatings. Showa Denko's vertically integrated manufacturing capabilities and extensive distribution network ensure the availability of quality polyisobutene products to customers across Japan, supporting diverse industrial applications.

Additionally, JXTG Nippon Oil & Energy Corporation, another subsidiary of JXTG Holdings, Inc., plays a crucial role in the Japanese polyisobutene market. The company's comprehensive portfolio of petrochemical products includes various grades of polyisobutene used in automotive lubricants, fuel additives, and polymer modification. JXTG Nippon Oil & Energy's commitment to sustainability and innovation drives its efforts to develop eco-friendly polyisobutene solutions that align with Japan's environmental goals and regulatory requirements.

Hence, Japan's polyisobutene market is characterized by diverse companies supplying high-quality products to support various industrial applications. Through innovation, collaboration, and a strong focus on customer satisfaction, these companies drive the growth and development of the polyisobutene market in Japan, contributing to the country's technological advancement and economic prosperity.

List of Key Companies Profiled

• Lanxess AG
• BASF SE
• Berkshire Hathaway, Inc. (International Dairy Queen Inc.)
• Reliance Industries Limited
• INEOS Group Holdings S.A.
• Braskem S.A. (Odebrecht S.A)
• ENEOS Corporation (Eneos Holdings)
• Exxon Mobil Corporation
• Chevron Oronite Company LLC
• TPC Group

Japan Polyisobutene Market Report Segmentation

By Molecular Weight Type

• High
• Medium
• Low

By Application

• Lubricant Additives
• Adhesives & Sealants
• Automotive Rubber Components
• Fuel Additives
• Others

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Japan Polyisobutene Market, by Molecular Weight Type
1.4.2 Japan Polyisobutene Market, by Application
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
2.2.3 Market Opportunities
2.2.4 Market Challenges
2.2.5 Market Trends
2.3 Porter’s Five Forces Analysis

Chapter 3. Japan Polyisobutene Market
3.1 Japan Polyisobutene Market by Molecular Weight Type
3.2 Japan Polyisobutene Market by Application

Chapter 4. Company Profiles – Global Leaders
4.1 Lanxess AG
4.1.1 Company Overview
4.1.2 Financial Analysis
4.1.3 Segmental and Regional Analysis
4.1.4 Research & Development Expenses
4.1.5 SWOT Analysis
4.2 BASF SE
4.2.1 Company Overview
4.2.2 Financial Analysis
4.2.3 Segmental and Regional Analysis
4.2.4 Research & Development Expense
4.2.5 Recent strategies and developments:
4.2.5.1 Partnerships, Collaborations, and Agreements:
4.2.5.2 Product Launches and Product Expansions:
4.2.6 SWOT Analysis
4.3 Berkshire Hathaway, Inc. (International Dairy Queen Inc.)
4.3.1 Company Overview
4.3.2 Financial Analysis
4.3.3 Segmental and Regional Analysis
4.3.4 SWOT Analysis
4.4 Reliance Industries Limited
4.4.1 Company Overview
4.4.2 Financial Analysis
4.4.3 Segmental Analysis
4.4.4 Research & Development Expenses
4.4.5 SWOT Analysis
4.5 INEOS Group Holdings S.A.
4.5.1 Company Overview
4.5.2 Financial Analysis
4.5.3 Segmental and Regional Analysis
4.5.4 SWOT Analysis
4.6 Braskem S.A. (Odebrecht S.A)
4.6.1 Company Overview
4.6.2 Financial Analysis
4.6.3 Segmental Analysis
4.6.4 Research & Development Expenses
4.6.5 SWOT Analysis
4.7 ENEOS Corporation (Eneos Holdings)
4.7.1 Company Overview
4.7.2 Financial Analysis
4.7.3 Segmental and Regional Analysis
4.7.4 Research & Development Expenses
4.7.5 SWOT Analysis
4.8 Exxon Mobil Corporation
4.8.1 Company Overview
4.8.2 Financial Analysis
4.8.3 Segmental and Regional Analysis
4.8.4 Research & Development Expenses
4.8.5 SWOT Analysis
4.9 Chevron Oronite Company LLC
4.9.1 Company Overview
4.9.2 SWOT Analysis
4.10. TPC Group
4.10.1 Company Overview
4.10.2 SWOT Analysis

TABLE 1 Japan Polyisobutene Market, 2019 - 2022, USD Million
TABLE 2 Japan Polyisobutene Market, 2023 - 2030, USD Million
TABLE 3 Japan Polyisobutene Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Japan Polyisobutene Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Japan Polyisobutene Market by Molecular Weight Type, 2019 - 2022, USD Million
TABLE 6 Japan Polyisobutene Market by Molecular Weight Type, 2023 - 2030, USD Million
TABLE 7 Japan Polyisobutene Market by Molecular Weight Type, 2019 - 2022, Kilo Tonnes
TABLE 8 Japan Polyisobutene Market by Molecular Weight Type, 2023 - 2030, Kilo Tonnes
TABLE 9 Japan Polyisobutene Market by Application, 2019 - 2022, USD Million
TABLE 10 Japan Polyisobutene Market by Application, 2023 - 2030, USD Million
TABLE 11 Japan Polyisobutene Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 12 Japan Polyisobutene Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 13 key Information – Lanxess AG
TABLE 14 Key Information – BASF SE
TABLE 15 Key Information – Berkshire Hathaway, Inc.
TABLE 16 Key Information – Reliance Industries Limited
TABLE 17 Key Information – INEOS Group Holdings S.A.
TABLE 18 Key Information – Braskem S.A.
TABLE 19 Key Information – ENEOS Corporation
TABLE 20 Key Information – Exxon Mobil Corporation
TABLE 21 Key Information – Chevron Oronite Company LLC
TABLE 22 Key Information – TPC Group

List of Figures
FIG 1 Methodology for the research
FIG 2 Japan Polyisobutene Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Polyisobutene Market
FIG 4 Porter’s Five Forces Analysis - Polyisobutene Market
FIG 5 Japan Polyisobutene Market share by Molecular Weight Type, 2022
FIG 6 Japan Polyisobutene Market share by Molecular Weight Type, 2030
FIG 7 Japan Polyisobutene Market by Molecular Weight Type, 2019 - 2030, USD Million
FIG 8 Japan Polyisobutene Market share by Application, 2022
FIG 9 Japan Polyisobutene Market share by Application, 2030
FIG 10 Japan Polyisobutene Market by Application, 2019 - 2030, USD Million
FIG 11 SWOT Analysis: Lanxess AG
FIG 12 SWOT Analysis: BASF SE
FIG 13 SWOT Analysis: Berkshire Hathaway, Inc.
FIG 14 SWOT Analysis: Reliance Industries Limited
FIG 15 SWOT Analysis: INEOS GROUP HOLDINGS S.A.
FIG 16 SWOT Analysis: Braskem S.A.
FIG 17 SWOT Analysis: ENEOS CORPORATION
FIG 18 SWOT Analysis: Exxon Mobil Corporation
FIG 19 SWOT Analysis: Chevron Oronite Company LLC
FIG 20 SWOT Analysis: TPC Group