What is the size of the global low-molecular-weight polyisobutylene market?

The global low-molecular-weight polyisobutylene market was valued at USD 437.5 million in 2023 and is projected to reach a market size of USD 575.72 million by the end of 2030. Over the forecast period of 2024–2030, the market is projected to grow at a CAGR of 4%.

What are the segments under the global low-molecular-weight polyisobutylene market by type?

Based on type, the market is divided into conventional LMPIB and highly reactive LMPIB.

Which is the dominant region for the global low-molecular-weight polyisobutylene market?

Asia-Pacific is the dominant region in the global low-molecular-weight polyisobutylene market.

Who are the leading players in the global low-molecular-weight polyisobutylene market?

BASF SE, Daelim Industrial Company Ltd., ExxonMobil, TPC Group, and Lubrizol are some of the leading players in the global low-molecular-weight polyisobutylene market.

What is the impact of COVID-19 on the global low-molecular-weight polyisobutylene market?

The COVID-19 pandemic has had a major impact on the global low molecular weight polyisobutylene (LMW PIB) market, disrupted the supply chain, reduced demand, and changed the industry. At the end of the epidemic, general lockdowns, travel restrictions, and business slowdowns reduced the economy, affecting LMW PIB consumption in key consumer markets such as automobiles, construction, and pharmaceuticals. Transportation and shipping disruptions also impact the distribution of LMW PIBs, leading to unbalanced supply chains and inconsistent products.