The global polyisobutylene (PIB) market is featured by a high degree of consolidation with a handful of multinational players that operate in global markets and occupy leading market shares, observes Transparency Market Research in one of its recent reports. In the coming years, however, participation of new entrants predominantly in Asia is likely to alter the scenario, thereby altering the market share of leading players.
The global polyisobutylene (PIB) market is featured by a high degree of consolidation with a handful of multinational players that operate in global markets and occupy leading market shares, observes Transparency Market Research in one of its recent reports. In the coming years, however, participation of new entrants predominantly in Asia is likely to alter the scenario, thereby altering the market share of leading players.
Polyisobutylene is a commercial polymer that has widespread applications across numerous industries owing to its superior thermal stability, flexibility, and impermeability to gases. PIB is majorly used in the manufacture of inner tire tubes and adhesives and sealants.
The global polyisobutylene market shows a high degree of consolidation with a small number of players controlling the business dynamics, states Transparency Market Research (TMR) in a new report. The top three players, namely, Lanxess, ExxonMobil Corp., and Nizhekamskneftekhim, collectively held a market share of more than 65% in 2016, thanks to their strong global presence. The key players in this market ... Read more
