Polybutene-1 Market Forecast Analysis | 2023-2028

Market Insights

The Polybutene-1 Market was estimated at USD 400.2 million in 2022 and is likely to grow at a CAGR of 2.12% during 2023-2028 to reach USD 455.12 million in 2028.

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What is polybutene-1?

Polybutene-1 is a saturated polymer that is widely used across various end-use industries owing to its unique properties, such as high strength, flexibility over wider temperature ranges, and excellent creep and heat resistance.

Key Players

Some of the major polybutene-1 manufacturers are-

• LyondellBasell Industries N.V.
• Mitsui Chemicals, Inc.
• Ylem Technology Co., Ltd.
• Hongye Chemical Industry Group Co. Ltd.
• Tengzhou Rida Chemical Co., Ltd.

Market Dynamics

The rapid increase in usage of polybutene-1 in plumbing applications coupled with rising demand for easy-peel packaging systems across the world is the major factor bolstering the demand for polybutene-1 over the forecast period.

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Segment Analysis

By Grade Type

Based on the grade type, the market is segmented as extrusion grade, injection molding grade, and blow molding grade.  Extrusion grade is likely to dominate the market during the forecast period, owing to increasing application in the piping system activities especially in Europe and Asia-Pacific.

By Application Type

Based on the application type, the market is segmented as plumbing system, packaging system, hot melt adhesives, and others. Plumbing systems are expected to remain the dominant application type during the forecast period. The packaging system application is expected to grow at the fastest CAGR during the forecast period, owing to increasing demand for easy-peel packaged products.  

Regional Insights

Europe is estimated to be the largest region in the market in 2022, whereas Asia-Pacific is expected to grow at the highest pace during the forecast period, surpassing the European market by 2026. Rapid growth in piping and construction industries in the Asia-Pacific region is the major factor driving its highest growth in the market during the forecast period.

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Market Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The Polybutene-1 market is segmented into the following categories.

By Grade Type

• Extrusion Grade
• Injection Molding Grade
• Blow Molding Grade

By Application Type

• Plumbing System
• Utility
• Packaging System
• Hot Melt Adhesives
• Others

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the grade types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.