ALBANY, N.Y.--(BUSINESS WIRE)--Transparency Market Research has released a research document titled “Polyisobutylene (Butyl Rubber) Market for Automotives, Additives and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013-2019”. The report details the various innovations and changes in trends that are set to drive the polyisobutylene market, especially in the automotive industry. The huge growth experienced by the automotive industry is set to directly impact the polyisobutylene market as well, creating a large scope of growth. The report comprises a series of tables and graphics to provide a granular view of the overall Polyisobutylene (Butyl Rubber) Market for Automotives, Additives and Other Applications.
The report further notes that the demand for sealants and adhesives that use polyisobutylene is also on the rise. They are preferred due to their superior elastic properties. This consequently has created an even higher growth of the polyisobutylene market in the pharmaceutical packaging industry. The report explains that the automotive segment, which held 75.3% of the market share in the polyisobutylene market in 2012, continues to dominate it. The demand for polyisobutylene in additives is also set to create growth opportunities.
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The major high-growth-potential regions for the polyisobutylene market today, lie in the BRICS region. They represent the fastest growing markets for automotives as well as the manufacture of polyisobutylene. These emerging economies are expected to create avenues of growth in the global polyisobutylene market. 485.7 kilo tons of polyisobutylene was the demand in Asia Pacific in 2012. This region is expected to witness the highest growth rate over the report’s forecast period of 2013 to 2019. Other driving factors for the polyisobutylene market include the rising demand for additives in lubricants, alternative fuels and other formulations.
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