Lubricating Vehicles Is Fastest Growing Segment Fueling The Growth Of Hydrogenated Polyisobutene Market

 

The global Hydrogenated Polyisobutene Market is estimated to be valued at US$ 17.33 Mn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Hydrogenated polyisobutene is a pale yellow, viscous, nearly colorless and odorless liquid produced from hydrogenation of polyisobutene. It offers high viscosity index, shear stability and lubricity. Due its lubricating and viscosity modifying properties, hydrogenated polyisobutene finds wide applications as a thickener, emulsifier and lubricant in automotive and industrial lubricants, greases, oils and functional fluids.

Market key trends:
One of the key trends in the hydrogenated polyisobutene market is its growing demand from lubricants segment. Hydrogenated polyisobutene offers several properties that make it suitable for use as a viscosity index improver and lubricant in automotive and industrial lubricants. It imparts high viscosity and shear stability at high and low temperatures. Additionally, it demonstrates low volatility and favorable low and high temperature properties. Owing to these superior properties, hydrogenated polyisobutene is increasingly replacing conventional polyalphaolefins as a viscosity modifier in automotive and industrial lubricating oils and greases. Rapid industrialization and increasing vehicle fleet worldwide have propelled the demand for automotive and industrial lubricants, which in turn has driven the growth of hydrogenated polyisobutene market.

Segment Analysis
The hydrogenated polyisobutene market is dominated by one particular segment - Hydrogenated Polyisobutene Market. This segment accounts for over 60% of the overall market share owing to its wide applications in hair care products, skin care products and makeup products as viscosity controlling agent, film former and emulsion stabilizer. It provides emollient properties to the end products.

Key Takeaways

The global hydrogenated polyisobutene market is expected to witness high growth, exhibiting CAGR of 4.7% over the forecast period, due to increasing demand for skin care and hair care products among consumers.

Regional analysis

North America dominates the global hydrogenated polyisobutene market and is expected to continue its dominance over the forecast period. This is attributed to robust personal care industry and wide awareness about skin care in the region. Asia Pacific exhibits highest growth and is expected to be the fastest growing market for hydrogenated polyisobutene owing to rising living standards, growing middle class and their increasing spending on personal care products.

Key players

Key players operating in the hydrogenated polyisobutene market are A&E Connock, BASF SE, Elementis PLC, Glenn Corporation, Henan Tianfu Chemical Co. ltd, INEOS Oligomers, NOF America Corporation, Sensient Cosmetic Technologies, SOPHIM, The Innovation Company, and UPI Chem. These players are focusing on new product launches and expansion in emerging regions to gain higher market share.


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