The Polybutene Market is projected to reach USD 446.1 million by 2027, at a CAGR of 2.1 % from USD 402.3 million in 2022.
The rising demand for polybutene to is expected to fuel the market growth. It offers high strength and superior performance properties with customized sealing temperatures. Due to these properties, it is widely used in seal-peel or easy peel packaging for meats, cheese and other products.
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“Based on grade, extrusion is projected to grow at highest CAGR during the forecast period”
Extrusion grade is projected to grow at highest CAGR during the forecast period. The high demand for polybutene in construction sector is driving the market growth. Due to its superior chemical and mechanical properties, polybutene is widely used advanced construction systems.
“Packaging system is projected to be the fastest growing application in polybutene market, in terms of value”
Easy-open packaging is in high demand due to customers’ busy lifestyles and their preference for ready-to-eat meals. During the projection period, rising packaging demand would propel the use of polybutene in items with easy peel packaging.
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“Asia Pacific is expected to be the fastest growing market for polybutene during the forecast period, in terms of value and volume.”
During the forecast period, Asia Pacific is projected to grow at highest CAGR, in terms of value. During the forecast period, China and India are anticipated to be the leading investment destinations in the market. This is due to the presence of a growing customer base in sectors including the construction and packaging industries.
New product launches and expansions are the major growth strategies adopted by the key players in the market. BASF SE (Germany), Dongfang Hongye Limited Company (China), DAELIM (South Korea), INEOS (UK), Lubrizol Corporation (U.S.), LyondellBasell Industries Holdings B.V. (The Netherlands), Mitsui Chemicals, Inc. (Japan), TPC Group (U.S.), Ylem Technology Co., Ltd. (South Korea), Braskem (Brazil) and others have undertaken various strategies in the polybutene market.
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