In the Asia Pacific region, polyisobutylene prices in Q1 2023 initially declined due to product oversupply, sluggish automotive sector, and cheap imports. However, the latter part of the quarter saw recovery as the economy improved, driven by positive automotive sector outlook, feedstock cost support, and export rates. The Q2 trend followed a similar trajectory, initially sliding due to reduced inquiries, but later ascending with global economic upswing and higher automotive sales. In Europe, Q1 benefited from improved buyer interest, consumption rates, and feedstock costs. However, Q2 witnessed a significant downturn due to inflation, high interest rates, and feedstock cost pressures. North America saw Q1 price growth with enhanced demand, but Q2 suffered from weak feedstock market, rising inventories, strict policies, and economic decline.
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Definition
Polyisobutylene is a synthetic polymer composed of repeating isobutylene units. It is a versatile and elastic material with high molecular weight, displaying excellent impermeability to gases and moisture. Due to its viscoelastic nature, polyisobutylene is used in sealants, adhesives, and inner tire linings to enhance airtightness and durability. Its properties also find use in fuel and lubricant additives to improve flow and stability. Polyisobutylene's ability to form flexible, airtight barriers makes it valuable in various industries, from automotive to construction, where sealing, insulation, and impermeability are essential.
Key Details About the Polyisobutylene Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Polyisobutylene in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Polyisobutylene Price trends, including India Polyisobutylene price, USA Polyisobutylene price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Polyisobutylene Price Trend:
Polyisobutylene finds diverse industrial applications due to its unique properties. In the automotive sector, it's used in inner tire linings, providing air retention, and extending tire lifespan. Its airtight and elastic characteristics make it valuable in adhesives and sealants for joining materials with varying expansion rates. In the oil and lubricant industry, polyisobutylene serves as a viscosity modifier, enhancing fluid flow and stability. It's also used in pharmaceuticals for its binding properties and in cosmetics for its emollient nature. Its impermeability to gases and moisture makes it ideal for packaging materials and as a barrier in various industries.
Key Players:
- BASF SE
- Daelim Co Ltd
- TPC Group
- INEOS
- Kothari Petrochemicals
- Braskem
- ENEOS Corporation
- Zhejiang Shunda New Material Co Ltd
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