LONDON--(BUSINESS WIRE)--Technavio projects the global highly reactive polyisobutylene market to post a CAGR of over 5% during the forecast period. The rise in demand from developing countries is a key driver, which is expected to positively impact market growth during the period 2018-2022. The rise in demand for highly reactive polyisobutylene from various end-user industries such as automotive, construction, and medical from developing countries is expected to drive market growth.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers
In this report, Technavio highlights the increase in demand from the renewable energy industry as one of the key emerging trends to drive the global highly reactive polyisobutylene market:
Increase in demand from the renewable energy industry
There is an increase in demand from the renewable energy industry owing to the declining costs of solar technologies and increasing awareness of a carbon-constrained future. The growth of the renewable energy industry is driven by the voluntary procurement of solar plants by corporations and utilities.
According to a senior analyst at Technavio for specialty chemicals research, “The global levelized cost of electricity of the solar photovoltaic generation has decreased by more than 200% since 2009. Highly reactive polyisobutylene is used as a sealant in PV systems. It is used as edge sealing for solar thermal collectors and thin film modules. It is also used for junction box potting and framing of PV modules in solar systems. Therefore, the growth of solar energy is quite promising for the highly reactive polyisobutylene market.”
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Market segmentation and analysis through 2022
This market research report segments the global highly reactive polyisobutylene market by application (additives, automotive, and others), and key regions (the Americas, APAC, and EMEA).
The additives segment accounted for 67% of the market in 2017, followed by the automotive segment. The additives segment is expected to increase its market share by a further 1% over the forecast period while the other two segments will see a commensurate decrease in their market share.
In 2017, the global highly reactive polyisobutylene market was led by APAC which accounted for 41% share followed by the Americas and EMEA respectively. APAC is expected to witness an increase of more than 1% over the forecast period, while the other two regions will see a corresponding decline in their market share.
Save big with Technavio this May!
Find out what companies are venturing in to beat the heat this summer! Technavio indulges you with a massive 20% OFF on all non-alcoholic beverages reports for the entire month.
Technavio honors the achievements and efforts of Motherhood this Mother's Day by offering a whopping 30% OFF on all cosmetics and toiletry reports. Offer valid from 7th May for a limited period.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at email@example.com.