In the Asia Pacific, Q1 2023 started with a drop in polyisobutylene prices because of oversupply, a slow automotive industry, and inexpensive imports. However, the latter part of the quarter saw a rebound as the economy improved, driven by a positive outlook in the automotive sector, support from feedstock costs, and increased export rates. Q2 followed a similar pattern, initially declining due to reduced inquiries, but later rising with a global economic upswing and higher automotive sales.
In Europe, Q1 saw improvements in buyer interest, consumption rates, and feedstock costs. However, Q2 experienced a significant downturn due to inflation, high interest rates, and pressure from feedstock costs.
Meanwhile, North America experienced price growth in Q1 due to increased demand, but Q2 faced challenges from a weak feedstock market, rising inventories, stringent policies, and an 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 boasts a wide array of industrial applications owing to its exceptional characteristics. Within the automotive realm, it proves invaluable in inner tire linings, ensuring air retention and elongating tire durability. Its airtight and flexible attributes make it a sought-after component in adhesives and sealants, adept at uniting materials with differing expansion rates. In the oil and lubricant domain, polyisobutylene serves as a viscosity modifier, refining fluid consistency and stability. Additionally, it plays a role in pharmaceuticals due to its binding capabilities and finds application in cosmetics for its moisturizing properties. Its ability to repel gases and moisture positions it as an ideal material for packaging and as a protective barrier across 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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