Transparency Market Research, as per one of its recent reports, observes the global polyisobutylene (PIB) market to be highly consolidated with a handful of multinational players that operate globally and occupy leading shares. However, the scenario is expected to change with the emergence of aspiring players from Asia that may alter the market share of leading players. BASF SE, The Lubrizol Corporation, TPC Group Inc., INEOS Group Ltd, Kothari Petrochemicals Limited, and Shandong Hongrui Petrochemical Co. Ltd. are to name some of the key companies operating in the global polyisobutylene market. Expansion of core products and divesting from other products is on the cards of businesses to strengthen their presence in the market. TPC Group Inc., for example, sold its Baytown operations of manufacture of nonene, tetramer, and other propylene derivatives to SI Group. This is to help the company focus on its core businesses such as polyisobutylene. Another noticeable trend obser...
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