In response to the significant growth trajectory anticipated in the global polyisobutylene (PIB) market, ChemSpec, Ltd., a member of the Safic-Alcan Group family of companies, continues to expand its portfolio to a range of over 150 versatile product series offerings. This growth is reflected in ongoing exclusive distributorship relationships in North America with Shandong Hongrui Petrochemical Co., Ltd. and Elastomer Trading, Ltd. − for medium and high molecular weight PIB specialty polymers respectively.
Estimated at USD 4.33 billion in 2015, the PIB market’s growth is rising due to demand from end-users in a myriad of manufacturing industries, including: adhesive and sealants, medical, pharmaceutical, automotive, fuel, lubricant/grease and chewing gum, amongst others.
A management-owned distributor of specialty chemical additives and specialty elastomers for many polymer industrial and cosmetics compounding markets, ChemSpec’s expansive, eco-friendly and FDA compliant medium and high molecular weight PIB portfolio offerings will enable innovative formulators to benefit from their inherent property benefits such as superior impermeability, oxidation resistance, ozone resistance, weather resistance, and improved physical stability.
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Market Analysis - Monthly Report - June, 2020 - Pharmaceutical