According to Custom Market Insights (CMI), The Global Poly(1-Butene) Market Size was valued at USD USD 411.7 million in 2021 and is estimated to reach USD 850 million by the end of 2030 at a CAGR of approximately 7.5% during the forecast period 2022-2030. Polybutylene or PB-1 belongs to the same group as polypropylene and polyethylene in the thermoplastic polyolefin family.
The product material is linear, semi-crystalline, and highly isotactic thermoplastic. Through the use of stereospecific catalysts, it is produced by polymerizing 1-butene. Extrusion, injection, and blow molding are just a few of the grades that are offered. The poly(1-butene) market is estimated to reach $850 Mn by 2032.
The polymer is used in a wide range of consumer applications, including piping systems, hot melt adhesives, easy-open packaging, and film medication. It is typically used in pipe systems due to its remarkable flexibility and creeps resistance throughout a wide temperature range.
Packaging that is simple to peel, seal, and open is one of polybutene-1’s main uses. Cheese, cereals, and carton liners are a few examples of pre-packaged items that typically come in easy-opening packaging. Customers’ demands for food packaging and other easily opened items vary. Due to hectic client lives and their desire for ready-to-eat meals, easy-open packaging is in great demand. The usage of polybutene-1 in products with easy-peel packaging is anticipated to increase throughout the projected period due to increased packaging demand.
Browse the full “Poly(1-Butene) Market Size, Trends and Insights By Product Grade (Extrusion grade, Injection molding grade, Blow molding grade) By Application (Plumbing system, Packaging system, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” report at https://www.custommarketinsights.com/report/poly1-butene-market/
Market dynamics.
Drivers.
Due to Polybutene-1 flexibility and robust ripping strength, it is frequently used as a co-monomer in the manufacturing of toys, containers, pipes, linear low-density polyethylene, high-density polyethylene (HDPE), and other non-food packaging products derived from polyethylene/polypropylene resins. Also produced from polybutene-1 are valeraldehyde, polybutene, butadiene, butylene oxide, maleic anhydride, secondary butyl alcohol (SBA), and methyl ethyl ketone (MEK). Additionally, 1-Butene serves as a middleman in the synthesis of plasticizers, antioxidants, corrosion inhibitors, herbicides, and additives for hydraulic and lubricating lubricants.
Food packaging is one of the main application sectors with the fastest growth in polybutene-1 demand. Food that is packaged encourages a busy lifestyle and offers security for prepared meals. It also allows for the resealing of any packaged food item after the required amount of food has been consumed. The packaging industry favours the usage of polybutene-1 because of its advantages of being easy to open with little effort and without the need for any cutting equipment. Customers that use polybutene-1 claim that the packing of fresh pasta, sliced cheese, meat, pizza, ready-to-eat meals, yoghurt cups, sandwich packs, etc. have also been successful. The need for polybutene-1 has also significantly increased for vacuum food packing. In order to secure the packaging of cheese, coffee, vacuum-packed rice, pork, peanuts, and coffee, users have been able to employ polybutene-1 products to produce a range of film structures. The polybutene-1 market is therefore driven globally by the expanding demand from the food packaging segment.
High temperatures don’t affect the polybutene-1 material’s strength or flexibility at all. It also exhibits strong mechanical, thermal, and creep resistance characteristics. Due to these benefits, polybutene-1 is a preferred polyolefin and is more in demand in areas like plumbing systems, hot melt adhesives, and packaging systems. Additionally, due to their immaculate survival in the pursuit of industrial and residential applications, polybutene-1 pipeline systems have gained the respect of engineers, architects, builders, and homeowners alike. The PB-1 pipe system provides outstanding network management, flexible plumbing, energy economy, and dependability. In the anticipated time frame, there will be an increase in demand for polybutene-1 from the pipe industry.
Restraints.
The prices of polybutene-1 are expected to hamper the growth of the market due to fluctuations in price. Consumers may face problems order to manage their expenses due to the high chances of price change. Companies also sometimes face many problems due to increased chances of price change.
Opportunities.
New methods are being researched to make bio-degradable polyethylene in an effort to change the non-biodegradable character of polybutene-1, which will provide producers with a huge market opportunity.
Challenges.
Despite having many uses, polyethylene is non-biodegradable and has disposal problems, hence the government promotes the recycling of plastic trash. Future market collapse of polyethylene might result from this, which could have an impact on the polybutene-1 market.
Report highlights.
On the basis of product grade, the extrusion grade category is expected to grow at the greatest CAGR and is projected to be in a dominant position in the future because polybutene-1 pipe products are becoming more prevalent throughout important application domains in different regions. Extrusion grade polybutene-1 is widely utilized for a variety of applications, including the production of consumer electronics and food packaging, owing to its 100 per cent recyclable qualities. Excellent flexibility, little memory effect, and thinner pipe walls are all features of the material. Polybutene-1 pipes also offer prospects for installation in constrained, confined places, in addition to possible cost savings via quicker installation. Extrusion grade polybutene-1 demand is anticipated to increase in the next years as a result of rising pipe demand from emerging nations, namely in the Asia Pacific area.
On the basis of application, the plumbing segment is the leading segment and is expected to make the largest contribution to the polybutene-1 market. Due to an increase in development and construction activities in the Asia Pacific and the Middle East, product applications in pipe and industry are expanding quickly. The plumbing industry’s demand for polybutene-1 is being driven by piping systems made from the product’s competitive edge over conventional materials and other polyolefin polymers. This segment holds a significant share of the polybutene-1 market. Due to the world’s increasing urbanization, piping demand has been rising. In the Asia Pacific and Latin America, rapid urbanization has provided enormous opportunities for the polybutene-1 industry. Additionally, the replacement of conventional building and construction materials has increased the demand for alternative materials with better properties.
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Regional Snapshots.
Europe held a dominant position and is predicted to be in the dominating state during the forecast period in the polybutene-1 market. With a production capacity of more than 65 kilo tons annually, the area is home to the largest polybutene-1 manufacturing plant. A sizable portion of the world’s product manufacturers is located in Europe.
Key market players in the Poly(1-Butene) Market
- Lyndollbessel
- Mitsui Chemicals
- Ylem Technology
- Shandong Hongye Chemical
- Tengzhou Rida Chemical Co., Ltd.
- Hongye Chemical Industry Group Co. Ltd.
Table of Contents: https://www.custommarketinsights.com/report/poly1-butene-market/#table-of-contents
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