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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