Polybutene Market Overview:
Polybutene is used as binder,
epilating agent, emulsifier and viscosity increasing agent in cosmetic and
personal care products. It is significantly replacing mineral oil from cosmetic
products such as lipstick, skin care and eye makeup. Due to its hydrogenated
polyisobutene function like conditioning skin. Purchase of skin care and
personal care products are increasing owing to shift in consumer grooming
habits and increase in number of skin diseases. For instance, International
Trade Administration reported that United States cosmetics exports to Australia
increased from USD 29.36 Million in 2014 to USD 31.39 Million in 2015 and
around USD 55.63 Million in 2014 to USD 53.77 Million in 2015 at India. Rise in
cosmetic exports is expected to fuel polybutene demand during forecast period.
Increasing consumers awareness
regarding sanitation and hygiene maintenance is projected to accelerate the
demand of polybutene in personal care and cosmetic products. Growing chronic
diseases and environmental pollution across the globe have positively
influenced consumer perception regarding sanitization and personal hygiene,
favoring polybutene market growth. Furthermore, unsafe hygiene practices
negatively affect human health and impact child mortality rates. According to world health organization in
2015, over 3,40,000 children under age five die annually from diarrhea owing to
poor sanitation, unsafe drinking water and poor hygiene. United Nations
International Children's Emergency Fund (UNICHEF) in 2015, reported that around
4.5 billion people lack sanitation services. Thus, such trends exhibit that in
coming years personal hygiene and sanitization products is expected to witness
huge demand positively impacting the global polybutene market growth by 2023.
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Polybutene Market Competitive
Analysis
Some of the leading players in the
global polybutene market
are 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), KEMAT
Polybutenes (Belgium), SOLTEX (U.S.), Maharasthra Polybutenes Ltd (India), A S
Harrison & Co Pty Limited (Australia) and Kothari Petrochemicals (India).
Market Segmentation
The global polybutene market has been
segmented on the basis of application and region. By application the global
polybutene market is divided into adhesives, cosmetics & personal care,
fuel & lubricant additives, lubricants and electrical insulation. The
adhesive segment held significant market share in 2017 and is projected to
dominate in coming years owing to rise in consumption at food packaging,
disposable soft goods products, labels and tapes.
Regional Analysis
Asia-Pacific led the global
polybutene market with healthy CAGR owing to growing application in cosmetic
& personal care industry. Rising population and disposable income in the
region have fuel market growth for cosmetic and personal care products favoring
polybutene market. Moreover, North America market is estimated to witness
substantial growth in term of CAGR owing to rising application of polybutene in
fuel and lubricants additive owing to US government initiative to achieve
higher fuel economy couple with expanding automotive industry. Fuel and
lubricant additive enhance the efficiency of industrial and automotive. Thus,
recent trend of developing the speed ability and fuel efficiency of automotive vehicle
is expected to boost the polybutene application in automotive industry.
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NOTE: Our Team of Researchers is
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
TABLE OF
CONTENTS
1 Executive
Summary
2 Scope Of
The Report
3 Market
Research Methodology
4 Market
Landscape
5 Industry
Overview Of Global Polybutene Market
6 Market
Trends
7. Global
Polybutene Market, By Application
8. Global
Polybutene Market, By Region
9.
Competitive Landscape
10. Company
Profiles
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