North America & Latin America LMW Conventional Polyisobutylene Market To Reach $50.4 Million By 2033

North America & Latin America LMW Conventional Polyisobutylene Market Growth & Trends

The NA & LATAM LMW conventional polyisobutylene market size is anticipated to reach USD 50.4 million by 2033 and is anticipated to expand at a CAGR of 9.2% during the forecast period, according to a new report by Grand View Research, Inc. Low-molecular-weight conventional polyisobutylene (LMW-PIB) is a compact, high-value segment of the broader PIB market that serves adhesives, sealants, lubricant additives and select industrial fluids. Its appeal lies in performance attributes such as tack, solvency, and shear stability, which make it a preferred functional polymer across multiple value chains. Demand patterns in North America and Latin America are shaped by end-use industries rather than consumer fashion cycles.

North America market growth is driven by the automotive and lubricant-additive chains, where tighter fuel-efficiency standards and longer oil-drain expectations increase demand for effective viscosity modifiers and tackifiers. Strong upstream petrochemical infrastructure and local compounding capacity shorten development cycles for specialty LMW-PIB grades. Steady construction and industrial maintenance spending further sustain demand for PIB-based sealants and adhesives in building and repair applications. Latin America’s growth concentrates in Brazil and Mexico, where ongoing industrialization and rising automotive assembly volumes lift demand for adhesives, sealants, and lubricant additives. The region remains import-dependent for specialty PIB grades, which benefits global suppliers that combine price-competitive logistics with local technical support. Agricultural and packaging applications provide incremental demand, but currency and political volatility increase the importance of flexible supply models.

Technical differentiation and reactive PIB derivatives will define near-term value creation as customers seek performance gains and cleaner formulations. Suppliers that invest in local application expertise, shortened lead times, and blended sustainability claims will capture share in both regions. Cost and feedstock volatility will continue to favor vertically integrated producers and agile traders that can hedge risk while serving regional compounders. The market players are focusing on various strategic initiatives such as mergers, acquisitions, and collaborations. For instance, in September 2024, Lubrizol Corporation expanded operations at its Avon Lake, Ohio, manufacturing site and doubled the production capacity of its Solsperse Hyperdispersants to serve North American customers.

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North America & Latin America LMW Conventional Polyisobutylene Market Report Highlights

• Based on molecular weight, the 700 MW segment accounted for the largest share of 43.53% market size in 2024.

• Based on application, the lubricants & oilfield chemicals segment accounted for the largest share of 48.22% in 2024.

• North America dominated the NA and LATAM market in 2024. Expansion of the automobile and broader industrial activity is a clear demand engine for LMW conventional PIB in North America.

• The U.S. was the leading NA and LATAM market in the North America region and captured around 85% of the revenue market share in 2024 in this region.

North America & Latin America LMW Conventional Polyisobutylene Market

Grand View Research has segmented the North America & Latin America LMW Conventional Polyisobutylene Market based on molecular weight, application, and region:

North America & Latin America LMW Conventional Polyisobutylene Molecular Weight Outlook (Volume, Tons; Revenue, USD Thousand, 2021 - 2033)

• 700 MW

• 950 MW

• 1300 MW

• 1500 MW

• 2500 MW

North America & Latin America LMW Conventional Polyisobutylene Application Outlook (Volume, Tons; Revenue, USD Thousand, 2021 - 2033)

• Lubricants & Oilfield Chemicals

• Adhesives & Sealants

• Paints & Coatings

• Hoses & Seals

• Pressure-Sensitive and Hot Melt Adhesives (PSA)

• Other Applications

North America & Latin America LMW Conventional Polyisobutylene Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2021 - 2033)

• North America

  • U.S.

  • Canada

• Latin America

  • Brazil

  • Mexico

  • Argentina

List of Key Players in the North America & Latin America LMW Conventional Polyisobutylene Market

• TPC Group

• RB Products, Inc.

• Braskem

• Lubrizol

• Infineum International Limited

• YPF QUÍMICA

• ChemCeed