Global Polyisobutylene Sealants Market Size (2023-2030)

In 2022, the Global Polyisobutylene Sealants Market was valued at USD 708 Million and is projected to reach a market size of USD 1,018.47 Million by 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 4.65%. 

Market Overview:

The growth of the global Polyisobutylene Sealants market can be primarily attributed to the use of these sealants in various applications likerubber automotive components, fuel additives, and lubricant additives. Tubeless tires have gained traction in the automotive industry owing to their easy replacement and fewer maintenance properties. Polyisobutylene sealants act as a barrier to oxygen, making them a suitable material for the inner liner in tubeless tires. It exhibits low moisture, gas permeability, and excellent insulation for electric current properties. 

COVID-19 Impact on the Global Polyisobutylene Sealants Market:

The COVID-19 pandemic drove the focus on remote working culture and increased voice traffic, residential broadband, and mobile data network. The telecom industry responded positively due to the increased optical fibre usage to provide better internet connections to ensure a favourable and positive user experience. The increase and growth of the telecommunication industry are anticipated to drive the demand for polyisobutylene sealants as cable insulation material in electrical and electronics applications. Asia Pacific accounts for a remarkable revenue share in the market in 2022. This is owing to the high demand from key industry sectors, including automotive, construction, cosmetics, and aerospace, in emerging countries such as China and India. The COVID-19 pandemic overall impacted the manufacturing industries across the globe, which severely impacted the growth of polyisobutylene-based sealants in some end-use sectors, like construction, residential, and manufacturing due to supply chain disturbances.

Market Drivers:

The increased population along with industrialization fuelling global market size:

With the increase in urban population along with industrialization, there has also been a significant shift in the mindset of people. Improved standard of living and increased disposable income among the middle-class population, along with people’s awareness of the maintenance and care industry have resulted in a remarkable increase in the demand for polyisobutylene sealants augmenting the market growth.

The rising investment in the R&D sector is boosting the market size for global polyisobutylene sealants:

With the major players driven by profit and the rising focus of enterprises on expanding their product and service portfolios, large investments are made in the research and development of new methods and technologies to revolutionize the additives and sealants market.

Shifting consumer preferences toward online sales mode is fuelling the global market growth for the Polyisobutylene Sealants Market: 

Businesses are now starting to explore untapped online opportunities to increase their sales efficiency, taking advantage of the market dynamics. The shift in their business methodologies and strategies is opening new opportunities for several digital technologies to take over, along with the increase in the Polyisobutylene Sealants market size.

Market Restraints: 

The stringent and strict regulations over the adoption of these additives may hamper the global market growth of these marine coating additives market:

The strict regulatory framework of different governments over the adoption of these sealants and the VOCs emitted during the production process may restrict the utilization limiting the market growth rate.

POLYISOBUTYLENE SEALANTS MARKET REPORT COVERAGE:

This research report on the Global Polyisobutylene Sealants Market has been segmented and sub-segmented based on Products, Applications, Regions, and Key Companies.

Polyisobutylene Sealants Market – By Product.

• Acrylic
• PVA
• Polyurethanes
• Styrenic block
• Epoxy
• EVA
• Others

Based on the products, the Polyisobutylene Sealants Market has been segmented into 7 segments – Acrylic, PVA, Polyurethanes, Styrenic block, Epoxy, EVA, and Others.

The Epoxy segment attracted the largest demand in the Polyisobutylene sealants market and accounts for a share of over 31.0% in 2022, in terms of volume. The segment is anticipated to grow on account of increasing construction activities and investments in the infrastructure space. The construction of chemical/industrial process plants, stadiums, bridges, museums, concert halls, research facilities, and medical buildings is likely to benefit the growth of the segment.

Polyurethane adhesive and sealant products showcase superior properties such as fast curing, good abrasion & chemical resistance, and good bond strength on various substrates such as metal, plastic, rubber, wood, and glass. These products are usually based on reactive technology and contain polymers that have urethane linkages to provide solidity, low viscosity, and less cure time to the sealant.

EVA-based products provide a wide variety of materials and their superior properties are highly dependent on the nature of cross-linking polymers. They give a high resistance to chemicals and environments and high-temperature resistance along with superior strength bonding on a variety of substrates.

Polyisobutylene Sealants Market – By Application.

• Paper Board and Packaging
• Retail
• Building and Construction
• Woodworking and Joinery
• Transportation
• Footwear and Leather
• Medical
• Others

Based on the application, the Polyisobutylene Sealants Market has been segmented into 8 segments – Paper Board and Packaging, Retail, Building and Construction, Woodworking and Joinery, Transportation, Footwear and Leather, Medical, and Others.

The retail industry is anticipated to grow at the highest CAGR during the forecast period.

The massive client base of the Telecom Industry is also fuelling product demand. Also, the shift in the Healthcare and LifeScience sector to better understand customers’ needs and improve healthcare services together accounts for the growth of demand for polyisobutylene sealants in the market.

The construction segment dominates the market and accounts for a revenue share of more than 55.0% in 2022. Emerging market in the Asia Pacific region due to the rising industrial production is anticipated to drive the demand for industrial oil products over the outlook period. This growing trend is estimated to bolster the demand for industrial sealants and lubricants in applications, such as hydraulics, industrial engines, centrifuges, compressors, and bearings.

Polyisobutylene Sealants Market – By Region.

• North America
• Europe
• Asia-Pacific
• South America
• Middle-East and Africa

Based on region, the Polyisobutylene Sealants Market has been segmented into 5 major regions – North America, Europe, Asia-Pacific, South America, Middle-East, and Africa.

Asia Pacific dominates the market and accounts for a revenue share of more than 45.0% in 2022. The demand for polyisobutylene sealants in the Asia Pacific region isprimarily driven by the high demand from major industries, including automotive, construction, cosmetics, and aerospace, in emerging countries such as China and India. Increasing automotive production in the Asia Pacific is anticipated to fuel regional market growth.

The increasing construction activities in Europe along with the necessary measures such as tax subsidies, incentives, and subsidies undertaken by several government authorities, are estimated to boost the growth of the construction industry in the region. Polyisobutylene sealants are used in formulations and showcase excellent chemical resistant properties to chemicals and reactions. Additionally, good aging properties, low out-gassing tendency, and moisture resistance make polyisobutylene sealantssuitable for windows. Furthermore, the surging investment in the construction industry is anticipated to increase the demand for polyisobutylene sealants in various industrial applications.

Recovering the building and construction industry in Central and South America is predicted to fuel the demand for polyisobutylene sealants in applications, including the manufacturing of adhesives and sealants, and asphalt modifiers, used in various construction activities.

Polyisobutylene Sealants Market – By Companies.

1. 3M Company
2. Ashland Inc.
3. Avery Denison Corporation
4. H B Fuller
5. Henkel AG
6. Sika AG
7. Pidilite Industries
8. Huntsman
9. Wacker Chemie AG
10. RPM International Inc.

The Polyisobutylene Sealants Market is highly fragmented and extremely competitive with key players involved in R&D and constant technological innovation done by the vendors.