August 26, 2020
According to the research report titled ‘Polybutene-1 Market Size by Product Grade, and Application, Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report LLC, global polybutene-1 market is estimated to record exponential growth during 2020-2026.
Wide variety of consumer applications like easy-open packaging, hot water tanks, hot melt adhesives, pipe & fittings, polyolefin modification, and film modification is boosting the demand for polybutene-1, hence augmenting the market growth.
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Polybutene-1 has numerous benefits such as light weight, along with excellent performance characteristics, like considerable heat of fusion value, outstanding flexibility, creep resistance over vast range of temperatures, and low noise transmission.
Usage of polybutene-1 as a form of pure resin at expense of metal, rubber, and other engineering polymers, alongside its utilization as a blend component for improved properties is augmenting the market outlook.
Along with superior mechanical and thermal properties, polybutene-1 also offers high resistance to chemical-based attack while maintain overall inhibition to flammability, which makes it useful in most applications, in turn impelling the industry growth.
As per product grade, polybutene-1 market is divided into injection molding grade, extrusion grade, and blow molding grade. Among them, extrusion grade segment contributed 55% market share in 2019 and is expected to witness modest growth over 2020-2026, owing to increase in demand for piping from Asia Pacific region.
Based on application spectrum, the market is divided into packaging system, plumbing system, hot melt adhesives, and others. According to the report, the hot melt adhesives segment is likely to witness a CAGR of 2.1% over 2020-2026, due to growing adoption of hot melt adhesives across various end use industries.
Considering the regional overview, Middle East & Africa held 4% share of worldwide polybutene-1 market in recent past and is projected to amass remunerative gains over the forthcoming years, mainly due to the robust expansion of construction industry in the region.
Key players operating in global polybutene-1 market are Shandong Orient Hongye Chemical Co. Ltd., LyondellBasell Industries N.V., YLEM Technology Co. Ltd., Mitsui Chemicals, and Shandong Tengzhou Ruida Chemical Co. Ltd.