The global polyisobutylene market size stood at USD 1,995.3 million in 2022, and it will grow at a CAGR of 5.1% during 2022-2030, to reach USD 2,980.6 million by 2030.

In the manufacturing sector, polyisobutylene is widely used in the production of tires, internal tubes, and rubber components. The need for PIB rises as the auto sector develops, driving the market ahead.

 

In lubricants and fuel additives, PIB is used as a viscosity modifier and dispersant. The need for PIB in this market is fuelled by the developing automotive and manufacturing industries, as well as the rising demand for highly efficient lubricants and fuel-efficient additives.

Polyisobutylene is a desirable material in numerous adhesives and sealants due to its superior binding characteristics and chemical stability. The expanding demand for PIB-based adhesives and sealants is influenced by the expanding construction and packaging sectors.

 

Drug methods for administration like transdermal patches and sticky gels use polyisobutylene, particularly in the pharmaceutical industry. Due to its lubricating and thickening characteristics, it is also used in cosmetics, lotions, and creams for personal care.

 

Due to their capacity to improve lubricant performance and satisfy regulatory criteria, lubricant additives dominate the industry. They increase lubricants' overall performance, allowing them to survive harsh circumstances and offer the best lubrication and protection. Also, via promoting cleaning the engines, lowering emissions, and improving engine performance, lubricant additives help with adhering to industrial and environmental laws.

 

In order to fulfil the growing demands of manufacturing machines and automobile engines, lubricant additives are now absolutely necessary due to the expanding industrialization and machinery utilization across numerous industries.

 

Modern additives with enhanced functionality have been introduced as a result of ongoing research and development activities in lubricant additive technology. To fulfill the changing requirements of contemporary machinery and lubrication systems, additives including friction modifiers, anti-wear agents, and antioxidants are continuously developing.

 

APAC is the fastest-growing polyisobutylene market. Approximately 70% of the APAC market's revenues came from China in 2022, and throughout the forecast period, its revenue contribution is anticipated to expand at a strong CAGR of around 6%.

 

This is so that the government's plans for infrastructure development can help the building, automotive, and cosmetics industries as well as economic growth. However, these are not long-term predictions, and moderate industrial growth is expected to continue, which will impact the nation's use of polyisobutylene in the ensuing years.

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The ammonium sulfate industry has captured $2,775.7 million revenue, and it is projected to generate $4,847.9 million revenue in 2030, advancing at a rate of 6.4% in the coming years. The industry is transforming and constantly evolving, with surging enterprises operating in a global ecosystem to propel the industry intensity.

 

Technological advancement in the end-use sectors such as the geographical expansion of companies, process innovations, and rising manufacturing capabilities to offer larger industry space, are projected to proliferate the industry in near future.

 

The growing reliance of the global farming community on numerous agricultural inputs, including pesticides and fertilizers has resulted in the growing usage of nitrogenous fertilizers.

Almost, nothing can replace ammonium sulfate in agricultural fertilizer applications in the industry. That is why, the rising application has been limited to specific crops such as maize, soybean, and therefore it is least likely to find a substitute.

 

Furthermore, the bargaining power of suppliers is moderate in the industry which results in the forward integration of operations of most feedstock suppliers, such as ammonia, and sulfuric acid suppliers, with their strong presence in the agriculture sector.

 

The low-cost availability of raw materials such as ammonia and sulfuric acid across major agrarian countries such as MEA, APAC, and LATAM offers advantages to ammonium sulfate producers. Due to the high potential in these regions, corporations are massively investing in enhancing the production and manufacturing capacities through separate companies or partnerships, to remain competitive in the industry.

 

The solid category holds the largest industry share, of over 85% share. It is due to their potential to enhance the sulfur deficit and soil nutrient content. Solid ammonium sulfate crystals are worldwide used as fertilizers in alkaline soils. It enhances crop quality and yield.

 

Moreover, the ammonium salt is economic compared to its substitutes, such as ammonium chloride and ammonium nitrate. The wide availability of ammonium sulfate in liquid form makes it highly accessible as a pale yellowish substance. It is stable, non-hazardous, and non-toxic material. The rising consumption of ammonium sulfate in water treatment operations is expected to fuel industry growth, as it is a widely accepted chlorination material.

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The bio-based polyurethane market will touch a value of USD 63.3 million by 2030, at a compound annual growth rate of 6.9% in the years to come. The growth of the industry is because of the numerous uses of this polymer, like in footwear, packaging, biomedical and transportation industry.

 

Bio-based polyurethane coatings are widely replacing petrochemical coatings as they do not pose much damage to the environment and are affordable, easily accessible and recyclable.

 

The largest share, more than 50%, was held by the flexible foam category, and rigid foam and coatings, adhesives, & sealants followed it.

Flexible foam made with bio-based polyurethane is strong, light and comfortable. The material is put to use for cushioning for a large number of consumer and commercial products, for example automotive interiors, carpet underlay, packaging, furniture, seating, mattresses, and specialty items. The acceptance of this material is because of its ability to be highly firm or soft and viscoelastic.

 

The packaging category will grow significantly at a rate of about 9%. Snack food bags, shopping bags, and printed films use one-component polyurethane adhesives largely.
Moreover, a custom-made two-component polyurethane adhesive is used to apply polyvinyl chloride to aluminum sheets for medical uses. Furthermore, hot-melt polyurethane is extremely appropriate for wrapping applications because of its low viscosity and low temperature.

 

Green buildings are getting popular as they are environment-friendly and help save on the costs of operations. Numerous government agencies have recognized and incentivized green buildings, such as the World Green Building Council, Ministry of Skill Development & Entrepreneurship, SIDBI and the GSA in the U.S.; in addition to municipal bodies and state governments across nations.

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The bio-based polyurethane market will touch a value of USD 63.3 million by 2030, at a compound annual growth rate of 6.9% in the years to come. The growth of the industry is because of the numerous uses of this polymer, like in footwear, packaging, biomedical and transportation industry.

 

Bio-based polyurethane coatings are widely replacing petrochemical coatings as they do not pose much damage to the environment and are affordable, easily accessible and recyclable.

The largest share, more than 50%, was held by the flexible foam category, and rigid foam and coatings, adhesives, & sealants followed it.

 

Flexible foam made with bio-based polyurethane is strong, light and comfortable. The material is put to use for cushioning for a large number of consumer and commercial products, for example automotive interiors, carpet underlay, packaging, furniture, seating, mattresses, and specialty items. The acceptance of this material is because of its ability to be highly firm or soft and viscoelastic.

 

The packaging category will grow significantly at a rate of about 9%. Snack food bags, shopping bags, and printed films use one-component polyurethane adhesives largely.

Moreover, a custom-made two-component polyurethane adhesive is used to apply polyvinyl chloride to aluminum sheets for medical uses. Furthermore, hot-melt polyurethane is extremely appropriate for wrapping applications because of its low viscosity and low temperature.

 

Green buildings are getting popular as they are environment-friendly and help save on the costs of operations. Numerous government agencies have recognized and incentivized green buildings, such as the World Green Building Council, Ministry of Skill Development & Entrepreneurship, SIDBI and the GSA in the U.S.; in addition to municipal bodies and state governments across nations.

Tagi: bio-based polyurethane market trends applications global growth dynamics construction automotive furniture packaging players 

The automotive busbar market is estimated to generate USD 41,266.0 thousand in 2023, which will touch USD 168,858.1 thousand, propelling at a 21.4% compound annual growth rate, by 2030.

 

The progression of this industry is primarily because of the mounting advancement as well as acceptance of EVs, coupled with the operational advantages and low cost of busbars over cables.

 

 

Moreover, with the electrification of vehicles, power & inverter modules have been experiencing advancements and modifications in terms of their manufacturing, design, and integration with additional systems.

The low category, on the basis of power rating, is leading the industry, with approximately 84% share, in 2023. This can be because low-power busbars are extensively being employed in electric vehicles' battery components and pack interconnectedness and in electric vehicle charging stations.

 

In addition, as the usage of these busbars to the aforementioned extents is more than DC/AC converters as well as powertrain inverters, where high-power busbars are usually utilized, thus, the category is leading.

 

The copper category, on the basis of conductor, is leading the automotive busbar market, with an 84% share, in 2023. This will be because copper busbars have lower voltage drop, electrical resistance, and energy loss, as well as a greater ampacity than their aluminum counterpart.

Likewise, copper is utilized more generally for electronic cables, building wires, and various other products that need high conductivity.

 

The aluminum category, on the basis of conductor, will progress at a higher rate, of approximately 24%, in the years to come. This is because aluminum is more inexpensive and lighter as compared to copper, and it provides less electric conductivity than copper.

 

Moreover, as electric vehicle makers are trying to reduce the prices of vehicles without harming their quality, aluminum busbars are replacing the copper alternatives increasingly.

 

North America is likely to propel at a significant rate in the years to come. This is primarily because of the government's initiatives to reduce carbon emissions as well as the increase in the acceptance of EVs in this region.

 

It is because of the mounting development as well as acceptance of EVs, the automotive busbar industry will continue to grow in the years to come.

 

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