The highly reactive polyisobutylene market is projected to reach US$ 697.44 million by 2028 from US$ 508.77 million in 2021; it is expected to grow at a CAGR of 4.6% from 2021 to 2028.
The highly reactive polyisobutylene (HR-PIB) market is growing notably due to the high demand from adhesive/sealant, lubricant, grease, and hydraulic fluid production companies, among others. Companies in the highly reactive polyisobutylene market are adopting strategies such as investments in research and development, and expansion to stand out as strong competitors. These strategies allow them to expand their production capacities to meet the evolving customer demands.
The market has been segmented on the basis of application into adhesives/sealants, lubricant & grease, hydraulic fluids, metal working fluids, and others. The lubricant & grease segment held the largest share in the market in 2020. HR-PIB is used as an intermediate for lubricant additive manufacturing. It helps enhance the overall performance of lubricants. The flourishment of the automotive and aircraft industries, especially in emerging regions such as Asia-Pacific, boosts the demand for lubricants and grease, in turn, driving the sales of HR-PIB.
In 2020, Asia Pacific held the largest share of the highly reactive polyisobutylene market. This region is one of the prominent markets for HR-PIB owing due to presence of high production facilities for fuel and lubricant additives, such as fuel detergents and dispersants for engine oils. Moreover, government initiatives and policies, such as Make in India, encourage the proliferation of the manufacturing sector in various countries in the region.
TPC Group; RB PRODUCTS INC.; BASF PETRONAS Chemicals Sdn. Bhd; Shandong Hongrui New Material Technology Co., Ltd; Daelim Co., Ltd.; Chevron Corporation; The Lubrizol Corporation; KEMAT Polybutenes; Weifang Binhai Petro-chem Co., Ltd.; and Nelson Brothers Incorporated are among the key market players in the highly reactive polyisobutylene market.
The size of overall global highly reactive polyisobutylene market has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical market insights. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, national sales managers, and external consultants-including valuation experts, research analysts, and key opinion leaders-specializing in the highly reactive polyisobutylene market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
 1.3.1 Highly Reactive Polyisobutylene Market, by Application
 1.3.2 Highly Reactive Polyisobutylene Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
 3.2.1 Data Collection:
 3.2.2 Primary Interviews:
 3.2.3 Hypothesis formulation:
 3.2.4 Macro-economic factor analysis:
 3.2.5 Developing base number:
 3.2.6 Data Triangulation:
 3.2.7 Country level data:
4. Highly Reactive Polyisobutylene Market Landscape
4.1 Market Overview
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Highly Reactive Polyisobutylene Market - Key Market Dynamics
5.1 Market Drivers
 5.1.1 Increasing Use of HR-PIB in High-Performance Fuel and Lubricant Additive Production
 5.1.2 Proliferation of Automotive Sector
5.2 Market Restraints
 5.2.1 Availability of Substitute
5.3 Market Opportunities
 5.3.1 Growing Focus of Market Players on Boosting Production Capacities
5.4 Future Trends
 5.4.1 New Polymerization Techniques and Growing Demand in Diverse Industries
5.5 Impact Analysis of Drivers and Restraints
6. Highly Reactive Polyisobutylene - Global Market Analysis
6.1 Highly Reactive Polyisobutylene Market Overview
6.2 Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Mn)
6.3 Market Positioning - Global Market Players
7. Highly Reactive Polyisobutylene Market Analysis - By Application
7.1 Overview
7.2 Highly Reactive Polyisobutylene Market, By Application (2020 and 2028)
7.3 Adhesives/Sealants:
 7.3.1 Overview
 7.3.2 Adhesives/Sealants: Highly Reactive Polyisobutylene Market - Revenue and Forecast to 2028 (USD Mn)
7.4 Lubricants and Grease:
 7.4.1 Overview
 7.4.2 Lubricants and Grease: Highly Reactive Polyisobutylene Market - Revenue and Forecast to 2028 (USD Mn)
7.5 Hydraulic Fluids:
 7.5.1 Overview
 7.5.2 Hydraulic Fluids: Highly Reactive Polyisobutylene Market - Revenue and Forecast to 2028 (USD Mn)
7.6 Metal Working Fluids Error! Bookmark not defined.
 7.6.1 Overview
 7.6.2 Metal Working Fluids: Highly Reactive Polyisobutylene Market - Revenue and Forecast to 2028 (USD Mn)
7.7 Others
 7.7.1 Overview
 7.7.2 Others: Highly Reactive Polyisobutylene Market - Revenue and Forecast to 2028 (USD Mn)
8. Highly Reactive Polyisobutylene Market - Geographic Analysis
8.1 Overview
8.2 North America: Highly Reactive Polyisobutylene Market
 8.2.1 North America: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
 8.2.2 North America: Highly Reactive Polyisobutylene Market, by Application
 8.2.3 North America: Highly Reactive Polyisobutylene Market, by Key Country
 8.2.3.1 US: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
 8.2.3.1.1 US: Highly Reactive Polyisobutylene Market, by Application
 8.2.3.2 Canada: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
 8.2.3.2.1 Canada: Highly Reactive Polyisobutylene Market, by Application
 8.2.3.3 Mexico: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
 8.2.3.3.1 Mexico: Highly Reactive Polyisobutylene Market, by Application
8.3 Europe: Highly Reactive Polyisobutylene Market
 8.3.1 Europe: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
 8.3.2 Europe: Highly Reactive Polyisobutylene Market, by Application
 8.3.3 Europe: Highly Reactive Polyisobutylene Market, by Key Country
 8.3.3.1 Germany: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
 8.3.3.1.1 Germany: Highly Reactive Polyisobutylene Market, by Application
 8.3.3.2 France: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
 8.3.3.2.1 France: Highly Reactive Polyisobutylene Market, by Application
 8.3.3.3 Italy: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
 8.3.3.3.1 Italy: Highly Reactive Polyisobutylene Market, by Application
 8.3.3.3.2 UK: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
 8.3.3.3.3 UK: Highly Reactive Polyisobutylene Market, by Application
 8.3.3.4 Russia: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
 8.3.3.4.1 Russia: Highly Reactive Polyisobutylene Market, by Application
 8.3.3.5 Rest of Europe: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
 8.3.3.5.1 Rest of Europe: Highly Reactive Polyisobutylene Market, by Application
8.4 Asia-Pacific: Highly Reactive Polyisobutylene
 8.4.1 Asia-Pacific: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
 8.4.2 Asia-Pacific: Highly Reactive Polyisobutylene, by Application
 8.4.3 Asia-Pacific: Highly Reactive Polyisobutylene, by Key Country
 8.4.3.1 Australia: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
 8.4.3.1.1 Australia: Highly Reactive Polyisobutylene, by Application
 8.4.3.2 China: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
 8.4.3.2.1 China: Highly Reactive Polyisobutylene, by Application
 8.4.3.3 India: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
 8.4.3.3.1 India: Highly Reactive Polyisobutylene, by Application
 8.4.3.4 Japan: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
 8.4.3.4.1 Japan: Highly Reactive Polyisobutylene, by Application
 8.4.3.5 South Korea: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
 8.4.3.5.1 South Korea: Highly Reactive Polyisobutylene, by Application
 8.4.3.6 Rest of Asia-Pacific: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
 8.4.3.6.1 Rest of Asia-Pacific: Highly Reactive Polyisobutylene, by Application
8.5 Middle East and Africa: Highly Reactive Polyisobutylene
8.6 South and Central America: Highly Reactive Polyisobutylene Market
9. Impact of COVID-19
9.1 Overview - Impact of COVID-19
9.2 Impact of COVID-19 on Highly Reactive Polyisobutylene Market
9.3 North America: Impact Assessment of COVID-19 Pandemic
9.4 Europe: Impact Assessment of COVID-19 Pandemic
9.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic
9.6 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
9.7 South America: Impact Assessment of COVID-19 Pandemic
10. Industry Landscape
10.1 Expansion
11. Company Profiles
11.1 TPC Group
 11.1.1 Key Facts
 11.1.2 Business Description
 11.1.3 Products and Services
 11.1.4 Financial Overview
 11.1.5 SWOT Analysis
 11.1.6 Key Developments
11.2 RB PRODUCTS, INC.
 11.2.1 Key Facts
 11.2.2 Business Description
 11.2.3 Products and Services
 11.2.4 Financial Overview
 11.2.5 SWOT Analysis
 11.2.6 Key Developments
11.3 BASF PETRONAS Chemicals Sdn. Bhd
 11.3.1 Key Facts
 11.3.2 Business Description
 11.3.3 Products and Services
 11.3.4 Financial Overview
 11.3.5 SWOT Analysis
 11.3.6 Key Developments
11.4 Shandong Hongrui New Material Technology Co., Ltd
 11.4.1 Key Facts
 11.4.2 Business Description
 11.4.3 Products and Services
 11.4.4 Financial Overview
 11.4.5 SWOT Analysis
 11.4.6 Key Developments
11.5 Daelim Co., Ltd.
 11.5.1 Key Facts
 11.5.2 Business Description
 11.5.3 Products and Services
 11.5.4 Financial Overview
 11.5.5 SWOT Analysis
 11.5.6 Key Developments
11.6 Chevron Corporation
 11.6.1 Key Facts
 11.6.2 Business Description
 11.6.3 Products and Services
 11.6.4 Financial Overview
 11.6.5 SWOT Analysis
 11.6.6 Key Developments
11.7 The Lubrizol Corporation
 11.7.1 Key Facts
 11.7.2 Business Description
 11.7.3 Products and Services
 11.7.4 Financial Overview
 11.7.5 SWOT Analysis
 11.7.6 Key Developments
11.8 KEMAT Polybutenes
 11.8.1 Key Facts
 11.8.2 Business Description
 11.8.3 Products and Services
 11.8.4 Financial Overview
 11.8.5 SWOT Analysis
 11.8.6 Key Developments
11.9 Weifang Binhai Petro-chem Co., Ltd.
 11.9.1 Key Facts
 11.9.2 Business Description
 11.9.3 Products and Services
 11.9.4 Financial Overview
 11.9.5 SWOT Analysis
 11.9.6 Key Developments
11.10 Nelson Brothers Incorporated
 11.10.1 Key Facts
 11.10.2 Business Description
 11.10.3 Products and Services
 11.10.4 Financial Overview
 11.10.5 SWOT Analysis
 11.10.6 Key Developments
12. Appendix
12.1 About
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Mn)
Table 2. Global Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 3. North America Highly Reactive Polyisobutylene Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 4. US Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 7. Europe Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 8. Germany Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 9. France Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 11. UK Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 12. Russia : Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 13. Russia Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (USD Million) Error! Bookmark not defined.
Table 14. Rest of Europe Highly Reactive Polyisobutylene Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 15. Asia-Pacific Highly Reactive Polyisobutylene, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 16. Australia Highly Reactive Polyisobutylene, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 17. China Highly Reactive Polyisobutylene, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 18. India Highly Reactive Polyisobutylene, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 19. Japan Highly Reactive Polyisobutylene, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 20. South Korea Highly Reactive Polyisobutylene, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Asia-Pacific Highly Reactive Polyisobutylene, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 31. Glossary of Terms, Global Highly Reactive Polyisobutylene Market
LIST OF FIGURES
Figure 1. Highly Reactive Polyisobutylene Market Segmentation
Figure 2. Highly Reactive Polyisobutylene Market Segmentation - By Geography
Figure 3. Global Highly Reactive Polyisobutylene Market Overview
Figure 4. Global Highly Reactive Polyisobutylene Market, By Application
Figure 5. Global Highly Reactive Polyisobutylene Market, by Geography
Figure 6. Global Highly Reactive Polyisobutylene Market, Industry Landscape
Figure 7. Porter's Five Forces Analysis
Figure 8. Highly Reactive Polyisobutylene Market - Ecosystem
Figure 9. Expert Opinion
Figure 10. Highly Reactive Polyisobutylene Market Impact Analysis of Driver and Restraints
Figure 11. Geographic Overview of Highly Reactive Polyisobutylene Market
Figure 12. Highly Reactive Polyisobutylene Market - Revenue and Forecast to 2028 (US$ Mn)
Figure 13. Highly Reactive Polyisobutylene Market Revenue Share, By Application (2020 and 2028)
Figure 14. Adhesives/Sealants: Highly Reactive Polyisobutylene Market - Revenue and Forecast To 2028 (USD Mn)
Figure 15. Lubricants and Grease: Highly Reactive Polyisobutylene Market - Revenue and Forecast To 2028 (USD Mn)
Figure 16. Hydraulic Fluids: Highly Reactive Polyisobutylene Market - Revenue and Forecast To 2028 (USD Mn)
Figure 17. Metal working fluids: Highly Reactive Polyisobutylene Market - Revenue and Forecast To 2028 (USD Mn)
Figure 18. Others: Highly Reactive Polyisobutylene Market - Revenue and Forecast To 2028 (USD Mn)
Figure 19. Global Highly Reactive Polyisobutylene Market Revenue Share, by Region (2020 and 2028)
Figure 20. North America: Highly Reactive Polyisobutylene Market - Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America: Highly Reactive Polyisobutylene Market Revenue Share, by Key Country (2020 and 2028)
Figure 22. US: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
Figure 23. Canada: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
Figure 24. Mexico: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe: Highly Reactive Polyisobutylene Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. Europe: Highly Reactive Polyisobutylene Market Revenue Share, by Application (2020 and 2028)
Figure 27. Europe: Highly Reactive Polyisobutylene Market Revenue Share, by Key Country (2020 and 2028)
Figure 28. Germany: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
Figure 29. France: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
Figure 30. Italy: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
Figure 31. UK: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
Figure 32. Russia: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of Europe: Highly Reactive Polyisobutylene Market -Revenue and Forecast to 2028 (US$ Million)
Figure 34. Asia-Pacific: Highly Reactive Polyisobutylene - Revenue and Forecast to 2028 (US$ Million)
Figure 35. Asia-Pacific: Highly Reactive Polyisobutylene Revenue Share, by Application (2020 and 2028)
Figure 36. Asia-Pacific: Highly Reactive Polyisobutylene Revenue Share, by Key Country (2020 and 2028)
Figure 37. Australia: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
Figure 38. China: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
Figure 39. India: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
Figure 40. Japan: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
Figure 41. South Korea: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
Figure 42. Rest of Asia-Pacific: Highly Reactive Polyisobutylene -Revenue and Forecast to 2028 (US$ Million)
Figure 51. South and Central America: Highly Reactive Polyisobutylene Market Revenue Share, by Application (2020 and 2028)
Figure 56. Impact of COVID-19 Pandemic on Highly Reactive Polyisobutylene Market in North America
Figure 57. Impact of COVID-19 Pandemic on Highly Reactive Polyisobutylene Market in Europe
Figure 58. Impact of COVID-19 Pandemic on Highly Reactive Polyisobutylene Market in Asia Pacific
Figure 59. Impact of COVID-19 Pandemic on Highly Reactive Polyisobutylene in Middle East and Africa
Figure 60. Impact of COVID-19 Pandemic on Highly Reactive Polyisobutylene in South America
The List of Companies - Highly Reactive Polyisobutylene Market
1. TPC Group
2. RB PRODUCTS INC.
3. BASF PETRONAS Chemicals Sdn. Bhd
4. Shandong Hongrui New Material Technology Co., Ltd
5. Daelim Co., Ltd.
6. Chevron Corporation
7. The Lubrizol Corporation
8. KEMAT Polybutenes
9. Weifang Binhai Petro-chem Co., Ltd.
10. Nelson Brothers Incorporated